On a brighter side, it appears that this SVB that collapsed was a very model of a 'woke', Diversity, Inclusion and Equity (DIE) bank, specialising in 'woke' investments. This I learned from Ann Barnhardt, no slouch when it comes to matters financial. For example, and I mean no offense to the ladies here, but the committee in the bank responsible for approving loans displayed no diversity whatsoever-four women who seem of very similar age (too young to accumulate much wisdom, I thought). If this bunch of shysters are bailed out by the tax-payer, it will be a further ratcheting-up of the moral hazard conundrum. What reason to avoid risk or folly when you know there's a nice bonus-laden safety-net to fall into?
Not just the American banking system and economy…… I understand trading halted on BNP today https://www.rte.ie/news/business/2023/0315/1363350-european-bank-shares/
https://www.msn.com/en-us/money/mar...ley-bank-collapse-rattles-markets/ar-AA18yWdq Another sign of monetary stress. Mercy, Lord, mercy!
1 million % !!! What reason is there to be prudent when investing other peoples money does this (and other) banks have when they know everything is covered by the taxpayer. Get your money out of the banks and into something solid as soon as possible.
The left in so many many countries have been taken over in the same manner as the democrats. In fact here in Ireland, all the main parties have succumbed.
America is such a conundrum. It is the great power. It's worldwide influence on so many levels cannot be overstated. It must really be the holy grail for satan. To have it under his control is paramount. Historically (via it's often corrupt leaders) it has inflicted so much pain upon so many nations. Conversely however, it has given succour to so many, many people (- and many of them very, very poor). I believe the struggle will be won or lost in America. It is the descendants of the poor people who flocked to her shores down the generations, that will define our world today. The battle for America is fundamental to world events. I hope the good American people win out. The world so needs your victory.
Those awful, war-mongering democrats fill me with absolute despair.... I remember it was once a great party. A party of the people. Like so many political organizations, it has been taken over.
You spoke a lot of truth here about my country. Sad that it has been taken over. But so has everywhere else. I still love my country. But not what it has become.
I believe that a global economic meltdown would be a way to co-opt dioceses around the world into the global political reset project as Churches would be swept away by the global economic tsunami and would have trouble continuing to operate; especially if the collapse comes before the 2024 Synod.
At least your country is fighting it en masse HH. Mine has laid down and given practically everything over. No fight. Here ye go, satan. Have it. There is but a remnant left. St Patricks Day mass was virtually empty. Shocking. Absolutely shocking. I still love my country too. But it has succumbed . It is fallen. All that remains now is the eradification of her remaining Christians. This will be undertaken soon. I dread what it will look like.
Conversely, if the German church's bank accounts dissolve into oblivion, not to mention the Vatican investments, it might do more good than harm. Additionally, the funds of many of the 'woke' organisations would be gone up in smoke. The inevitable accompanying hyperinflation would even wipe out the value of cash, so we could be back to barter! Then, you'll be deafened by the desperate squeals of the liberals, who mostly share the traits of softness, comfort and expectancy. We'll all be squealing in such circumstances, but I suspect the traditionalists, who might actually have better knowledge of what's required to subsist, will cope better.
I suspect that the 'organised collapse' of the economy will allow for a global reset - a new economy based upon digitital currency, digital ID as in China. We are fast moving to a cashless society and the transition to digital will be easy enough as they have the technology in place ready to enslave us all. They also want total control of the food supply
