The Major Banks Are In Big Trouble – DERIVATIVES.

The Looming Quadrillion Dollar Derivatives Tsunami -- “Financial Weapons of Mass Destruction”
By Ellen Brown // Global Research, March 13, 2023
Original Source: ScheerPost 12 March 2023
On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in the Dodd-Frank Act, which requires insolvent SIFIs to “bail in” the money of their creditors to recapitalize themselves.
[Compiler’s Note: Every article I have found up to now (03/14/23), clearly stated that “Bail-Ins” were done at SVB for account balances over $250,000. These depositor’s experienced the US government, as represented by un-elected banking industry management groups, stealing the money from their accounts to financially support mis-managed, over-leveraged and over-consolidated banks that should, under normal capitalist circumstances – simply be allowed to fail with the FDIC making depositors under $250,000 whole].
Technically, the cutoff for SIFIs is $250 billion in assets. However, the reason they are called “systemically important” is not their asset size but the fact that their failure could bring down the whole financial system.
[Compiler’s Note: It could be argued that no bank should ever be permitted to grow or consolidate itself to a size that would cause it to become a “SIFI.” Isn’t that why we had the Glass Steagall Act – to keep main street’s commercial bank account’s separate from the gangsters operating the utterly corrupt, opaque, automated e-trading, dark pool-ridden stock exchanges? Isn’t that what the financial industry regulators are supposed to protect us from? Good people at the Commodity Futures Trading Commission have tried for almost 20 years to regulate the derivatives market… but the central bank cartel at the not-so-federal Researve Bank and their cronies have stopped them every time. Two faced Warren Buffet made his quote about derivatives being “financial weapons of mass destruction” and they proceeded to by $62 Billion dollars worth. [Kind of like Elon Musk’s noble statements about censorship and our impending implosion -- while he bakes and kills the planet with electromagnetic energy from his 12,000 “5G” satellite constellations installed between 2020 and 2023].
That designation comes chiefly from their exposure to derivatives, the global casino that is so highly interconnected that it is a “house of cards.” Pull out one card and the whole house collapses. SVB held $27.7 billion in derivatives, no small sum, but it is only 0.05% of the $55,387 billion ($55.387 trillion) held by JPMorgan, the largest U.S. derivatives bank.
SVB could be the canary in the coal mine foreshadowing the fate of other over-extended banks, but its collapse is not the sort of “systemic risk” predicted to trigger “contagion.” As reported by CNN:
“Despite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis. ‘The system is as well-capitalized and liquid as it has ever been,’ Moody’s chief economist Mark Zandi said. ‘The banks that are now in trouble are much too small to be a meaningful threat to the broader system.’

It’s over. America dead as a door nail. Trillions and trillions…Congress needs to be eradicated ASAP.

Create a problem Lax Banking laws, feed the problem with “Free Money and Fed Backstops so the Banks don’t suffer”, announce the problem as an EMERGENCY (coming soon, I promise, as Election years nearby) and

OFFER THE Solution. Central Bank E-dollars (or similar).

The offer of “Safety” to the scared sheeple (As the Stock market swings Wildly, and crashes, banks freeze up and Credit Cards stop working reliably) ensures they will VOTE THEMSELVES into a Chinese style Social Score CASH BANNED (or as in China smothered as dirty and illegal to use)

And the Electronic Cage is complete. They will know everything about what you spend money on. They can freeze your accounts for “suspicious activities”, they can tell you what you can and CANNOT Buy.

Let alone the Mark of the Beast aspect. Stalin would have been amazed.

Can you trust your family not to sell you out? As in Uncle Tommy is a weird dude or my mommy will not let me do pot so..

Got trusted friends and enough stored away that you’ll be able to weather some rough times? Forget cash, stuff in hand.