The Prophecy of the Multiple Crisis Is Fulfilled

I promised in the erstwhile column to undertake an analysis of how much the change in the climate communicative of the WEF against the panic of the ESG and the elimination of fossil fuels is simply a permanent trend and how much a tactic.

However, the force of current banking developments forces me to address this issue, which is closely related to the plans of the globalists to introduce the fresh planet Order of the fresh New planet Order with the CBDC's digital currency. A message is created that the start of the banking crisis in the US is the collapse of Silicon Valley Bank announced on March 10. Current communications displace information about the collapse in 11.11.2022 of the FTX cryptocurrency exchange, the founder of which is Sam Bankman-Fried, declared a banking genius. If Sam manages to avoid work for the FTX scam, he will full gain the title of genius. He is presently at liberty for a deposit price of USD 250 million. What's the problem for a billionaire that Sam became as a consequence of his actions to bankrupt the FTX? The method of gaining wealth at bankruptcy will sacrifice a separate column.

Somehow, without being noticed by the media, Silver Gate Bank came down, which by 2 days ahead of the heavy publicized fall of SVB on March 10. Significantly, the SG placed a crucial part of its activity in the area of cryptocurrency trading. The 3rd American bank that suffered a abrupt collapse just after the bankruptcy of SVB is Signature Bank, which besides manifested, possibly excessive interest in cryptocurrency business. The cryptolute is besides a subject on a separate column. The fall of the SVB resulted from problems another than a bitcoin fascination. The liquidity failure caused by the run of depositors withdrawing deposits was due to concerns about the solvency of the bank fueled by the exchange of information on Twitter and in the search for better-interested deposits. SVB offered only 0,2 %. In addition, bank deposits in long-term bonds incurred losses at the time of their capitalisation forced by run to the bank.

It is worth knowing that the expert liable for “Financial hazard Management” at SVB was a tiny 1 Jay Ersapah simultaneously engaged in providing queer diversity, which in progressive banking is more valued than expertise. Times like this. If we wanted to look for an analogy with the bankruptcy of banks in 2008, which was the beginning of a multi-annual global crisis, we would not find a parallel of the causes. In 2008, banks collapsed, which committed their possible to inflate a mortgage bubble. The mechanics of inflating was the commission of agents to enter into credit agreements and specified a natural human trait, valued by liberal businessmen as greed. The commission was paid on the amount of the contract concluded. The solvency criterion of debtors was not applied. I remember that utmost cases of mortgage agreements with homeless people were cited. Good mortgage safety with a box house.

The first collapsed bank in 2008 was Lehman Brothers, 3 years before the collapse proclaimed as “Best Investment Bank”. Super unreliable bank rankings are besides confirmed in another bankrupt banks. A prominent banking expert Michael Hudson asked what could be another ticking bomb in banking answered: DERYWATIwy. But about this “wonderful invention” of bankers, tempting greedy ability to gain even erstwhile everything is falling apart, I will tell in the next column.

Jacek Frankowski

photo public domain

Think Poland, No. 13-14 (26.03-2.04.2023)