Recruiter’s View

Here’s a great way to seize the entire banking system.  (Don’t try this at home.)

You’ll know soon if this is in operation.  You’ll see more banks collapse.
As of this writing, Credit Suisse is now under attack.

NOTE:  May 14 – Moody’s cut its ranking for the entire U.S. banking system from stable to negative, citing a “rapidly deteriorating operating environment.”  Seven individual institutions are or may be downgraded.

I’m just going to provide the essentials, today.
I first saw an excellent analysis provided by Joshua Philipp at The Epoch Times.
Other sources are coming to similar conclusions.

SIFI is not Science Fiction

A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as “too big to fail”. – Wikipedia

Years ago, when I first heard “too big to fail” I thought it was a joke.

Nope.  It’s a real thing.
Obama made six banks immune to (almost) everything.

Here’s the list of protected banks…

• JPMorgan Chase
• Bank of America
• Citigroup
• Wells Fargo
• Goldman Sachs
• Morgan Stanley

That effectively puts a government noose around the necks of the biggest banks in the country.
No question, they’ll do what they’re told.

Next step…  Consolidate.
Eliminate all the other banks.

The Dodd-Frank Burden

After the 2008 financial crisis, the Dodd-Frank Act was passed to “prevent excessive risk-taking.”

It’s a lovely thought, but in real life, Dodd-Frank installed crushing regulations and costs.
Large banks can easily handle the burden.
Mid-sized and regional banks struggle.

Giving Banks The Runs

Most banks are still solvent, but almost no bank can survive a bank run.
Recent Fed actions —almost intentionally— will likely cause more runs on the banks.

The Fed is bailing out depositors.
Not investors.

This is leading investors to pull their money out of [unstable] banks.
Obviously, the people who have the most at risk are going to pull out all their cash and put it into the six SIFIs.
(Remember, the SIFIs can’t fail!)
That outflow should decimate small and regional banks.
And it will create a 6-bank monopoly.

It will also give the government a much easier time controlling [just six banks.]

Why Would They Do That?

You have to wonder…  Why would the government want to control all banking through just six banks?
Don’t they already control banking, anyway?
Are they just lazy?

What’s the point of killing off small banks and reducing the head count to six?

It took a while for me to connect those dots.

As it happens, I released a post on Nov 1, 2022 entitled “Banks Colluding Against U.S. Energy?“

This is how that article starts…

“Major banks have joined the U.N.’s Net-Zero Banking Alliance.  They promise to destroy the world’s fossil fuel companies by making it impossible for them to get credit.  Resistance to that lovely idea started when state Treasurers banned the banks.  We’ve now moved on to official investigations by 19 state Attorneys General.

This only matters to you if you want to eat, drive a car, or buy any product currently delivered by a truck.  I suppose it also matters, if you want to be employed as a free citizen.”

I scrolled down and found the list of banks under official investigation…

• Bank of America
• Wells Fargo
• Morgan Stanley
• JPMorgan Chase
• Goldman Sachs
• Citigroup

Well, my goodness.  It’s six banks!  The SAME six SIFI banks.

Recruiter’s View

This isn’t a matter of controlling banks.

It’s all about controlling you.

We don’t have a banking crisis.
We have a government crisis.

-TD