NC Renegades

I believe in the founding principles and the Declaration of Independence. I do not feel any allegiance to this illegal government that is drawing our people into a nuclear war. I am very happy to be in Dixie and with its people. It is time to consider how you will resist: from a keyboard, protests or as a rebel.

Then again, most will sit on the sidelines waiting. Until the war comes to your door. If anyone believes that we are not on the precipice of WWIII, please comment below.

David DeGerolamo

Israel already has nuclear weapons as Jimmy Carter infamously leaked to the world in 2008:

Israel has at least 150 atomic weapons: Carter

Former President Jimmy Carter has said Israel holds at least 150 nuclear weapons, the first time a U.S. president has publicly acknowledged the Jewish state’s atomic arsenal.

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In case you do not know, JINSA stands for Jewish Institute for National Security of America.

Why do the powers that be want a nuclear war? They want us dead regardless of ideology, race, nation, religion, education or any other label they have used to divide us.

Get your fiat wealth out of the banks and invest it into something useful that will save your lives in the future. The people who want us dead already have their survival plans in place and ready. Why else would they want a nuclear conflagration?

Trust in the Lord with all your heart and prepare for battle.

David DeGerolamo

That’s two thousand trillion dollars.

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Here’s a link to the U.S. Bank Ratings that show the entire list, not just the top 30.

Of course, as we first said last week, and as BBG echoes today, “just how many deposits fled small banks for the systemically-important competitors will go some way into shaping the market’s view of how enduring or systemic the pressure on small financial institutions will be moving forward.”

Meanwhile, the Fed’s more timely H.4 release from last week confirmed that GSIBs saw a significant inflow of funds given the large increase in bank reserves in Fed regions hosting the headquarters of the money-center banks, offset by substantial outflows at small banks which piled into the Discount Window to fund liquidity shortfalls; in fact, as we observed last week, the Discount Window saw a record one-week surge of $152.8 BN…

… which when coupled with “Other credit extensions” – which include various FDIC loans – saw the Fed’s balance sheet soar by $300 billion, the biggest jump since April 2020 and erasing half of the Fed’s QT balance sheet shrinkage.

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If only people understood the magnitude of the above chart and its consequences, we could have had a better future. The $152 billion is more than all of the aid from the US and NATO to Ukraine to fund Biden’s proxy war over the course of a year (not a week).

Imagine if people could actually comprehend the level of debt that our “leaders” have accumulated to seize power and enslave us. Consider that the total operating budget of the US in 1969 was $186.2 billion. And this was during the Vietnam War. Maybe the cost of money is not relevant at this point. Does it make a difference if the US debt is quantified but people do not comprehend the depth of their slavery?

David DeGerolamo

Meta to lay off 10,000 more workers after initial cuts in November

Disney managers told to identify layoff candidates, with 4K job cuts expected by April

Google was beloved as an employer for years. Then it laid off thousands by email

Yahoo to lay off 20% of staff by year-end

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“As the evidence mounts of an even broader censorship effort by the Biden administration, the Democrats’ attacks have become more unhinged and unscrupulous. After shredding any fealty to free speech, they now are attacking journalists, demanding their sources and claiming their reporting is a public threat.” — Jonathan Turley

And it will stop because, as the old wag Herb Stein laid down in his law years ago: Things that can’t go on, stop. Which raises the question: which things? And the answer is the things Western Civ is doing in its attempted suicide: inciting war, recklessly running up debt, persecuting its own citizens and stealing their liberties, subjecting them to medical malfeasance, destroying their goods production and food-growing capabilities, and subjecting the public to incessant mind-fuckery in a campaign to falsify and disfigure reality.

     A consortium of public and corporate bureaucracies has institutionalized the falsification of reality under the pretense of saving the human race from a pack of hobgoblins led by climate change, racism, and normal sexual reproduction. They have been driven insane by the actual reality of pending economic collapse, which has only been accelerated by their own suicidal activities. What they apparently really want to save is their own positions, perquisites, and power. Their enabling mechanism is the digital computer and its many ways of assembling and controlling information, and thus controlling people, especially those who object to totalizing control. They do it because they can.

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via WRSA

When the slaves revolt, they will seek the blood of their masters.

In 2013, a century after the establishment of the Federal Reserve, I published The Golden Pinnacle. The novel’s hero is Daniel Durand, a Wall Street banker. Chapter 27, “Fools’ Gold,” features Daniel’s testimony in 1913 before a House of Representatives subcommittee against legislation under consideration that would establish the Federal Reserve. Eleanor is Daniel’s wife and Tom and Alexander are two of his four sons. As the current banking crisis unfolds, I won’t have much to say that will add in any meaningful way to what I said in “Fools’ Gold”. Why repeat myself? Perhaps I’ll just keep linking back to this post. Please share in whole or in part with attribution and a link back to this post.

From “Fools’ Gold”

Daniel sat at a table in a committee hearing room of the House of Representatives. The drafts crisscrossing the room carried the winter cold of February. There were few spectators in the gallery. Daniel glanced at Eleanor, who sat with Tom and Alexander, but she was staring in a different direction. Although she had wished him well, she had seemed preoccupied when they met briefly in the hall outside the hearing room.

Members of the subcommittee of the House Committee on Banking and Currency strolled to their seats, signs denoting the representative, at an elevated, semicircular panel at the front of the room. They chatted with each other. Nine representatives sat down. The chair for Representative Bulkley of Ohio remained empty. The chairman of the subcommittee, Representative Carter Glass, from Virginia, banged his gavel.

“The hearing in consideration of House Bill 7837, for the establishment of a federal reserve bank and the furnishing of an elastic currency, shall now come to order. The subcommittee will hear the testimony of Mr. Daniel Durand, from the firm of Durand & Woodbury, of New York.” Chairman Glass’s accent had an unmistakable Virginia lilt that reminded Daniel of Aldus Kincaid, his attorney for the court of inquiry. A dapper gentleman in his mid-fifties, Glass had prominent ears and a nose that filled a larger proportion of his face than the average nose filled of the average face.

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I read the Golden Pinnacle a few years ago when I first had the pleasure of meeting the author. I wholly recommend this novel and it holds a place in my top 10 books. I want to emphasize this portion from the article article:

Daniel paused and looked up at the representatives. “Allow me to give you and your successors a warning. Someday a hoodwinked, enslaved, bankrupted people will realize who is responsible for its ruin. When the slaves revolt, they will seek the blood of their masters. Thank you.”

That day is now here. My personal belief is that our unelected government is running scared. Do not pay attention to the misinformation, disinformation or propaganda being spewed by them and their lackey media. Pray for guidance and remember what is truly important.

David DeGerolamo

Update (10:30am ET):  So much for Credit Suisse thinking it has leverage by balking at the proposed CHF0.25 offer from UBS. Just hours after it was floated that UBS could buy Credit Suisse for $1BN, a proposal which the bank’s shareholders balked at, Bloomberg reported that authorities are now considering a full or partial nationalization of Credit Suisse – an outcome which would wipe out the equity and bail-in bondholders – as the only other viable option outside a UBS Group AG takeover. And yes, 0.25 is still more than 0.0.

According to BBG, “the country is considering either taking over the bank in full or holding a significant equity stake if a takeover by UBS Group AG falls apart because of the complexities in arranging the deal and the short time frame involved.”

Needless to say, the situation remains “very fluid” and is changing by the hour as authorities seek to finalize a solution for the bank by the time Asian markets open, which is late evening in Europe, the people said.

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What happens when too big to fail, fails. We are about to find out. Whether Credit Suisse is bought out for pennies on the dollar, nationalized or declares bankruptcy, the fate of Western financial markets is the same. It may take a little longer to collapse depending on the the scenario but we are talking weeks at best.

A collapse will bring WWIII and complete tyranny by Western governments with even more emergency powers. Will the people submit as they did for the COVID-19 medical tyrannical measures?

I am reminded of the 299 Days series concerning the economic collapse outlined in the books. The banks were closed and the “government” said everything was under control; life would be back to normal shortly. As the people patiently waited with hope because the wanted to believe, the eventual solution was implementing Freedom Cards. The government confiscated all private bank and pension accounts as people were given a month stipend on their “F” cards. The more liberal the person, the more money they received with “government” employees receiving a higher monthly stipend.

Does this sound like the digital currency based on ESG scores that the “government” is pushing? We will find out soon as the Asian markets are hours away from opening. If China dumps their US Treasuries tonight, you will wake up to a bankrupt United States. If Credit Suisse is salvaged or not, the end result is the same: the banks will not be saved and the “government” will not let the crisis they created go to waste.

David DeGerolamo