The asset liability mismatch run by SVB is the same as that being run by all central banks who used Quantitative Easing since the Global Financial Crisis. In essence they all bought long dated fixed rate government and corporate bonds financed by floating rate loans (aka central bank reserves) from commercial banks. The long dated bonds (in SVB’s case described as HTM hold to maturity aka hard to market) are now valued at less than cost and are expensive to hold as the floating interest rate is above the fixed yield of the bond portfolio. This losing position is backstopped by the governments aka the taxpayer otherwise central banks would be filing for bankruptcy.
Central banks in this position include the Fed, Bank of England, ECB, Bank of Japan, SNB etc.
I have many thoughts, I always do when I read you, they all boil down to this though- thank you! Not just for this article for all your writing and for wanting to share and get us all engaged and better informed. I appreciate you for your tenacity and care 😊🙏
So small/intermediate/regional banks are not needed when we have CBDC's, so are they getting rid of them now by making them fail, in order to foment the CBCD transition?
"They begin raising interest rates, then sell off their own equities before pulling the rug on the market." More insider trading?
Bill Clinton, eliminated Glass/Steagall did that encourage banks to become casinos. However, how do regulate a private club comprised of gangsters. Here's an interesting video explaining whose really in charge.
Great article on the funny money FED players and yes Steve Kirsch was writing about his own CBDC. I don't trust him or the solo practitioner attorney puppets like Renz, Mendenhall and Jeff ☕ as I interview more lawyers than 99.99% of the world running a legal recruiting agency. I was arrested 4 times (10 charges) with no priors by my client who is the FED Reserves top law firm and the oldest in New York. Everyone is scared of my poignant intel[lectual] property patents, which is the best practice group to follow the money. SEE patent 2020279585-A1.
Another substack writer has been covering my plight and I've been a guest speaker alongside many outspoken doctors with better intentions.http://funday.createaforum.com/improve/ilki/?message=522 2 other patents that will confirm your anointed work are Wo20200𝟔𝟎𝟔𝟎𝟔A1 and 11107588b2. I believe my case of malicious prosecution with defamation and deprivation of rights under any color of law[yers] will make me whole again and lead to the new mass tort record for justice to others.
Being old and 'misbehaving' sounds like fun. It's what I do in a micro sort of way. Today will call out a choir that still sings with masks ON. I walked out on them. Linden Singers in Victoria. Mostly old folks with woke music director. Not funny. Cost me money...
"I mostly like Kim Dot Com, and I used to appreciate the majority of his takes, but after the U.S. government has Kim's home invaded from an ocean away, and courts ruled it legal, I've felt as though some of his takes might be…cleverly suspect. "
Kim is an original & steadfast supporter of WikiLeaks & Assange on my radar for a very long time. My take is that he's not as smart as his ego imagines in a typical billionaire kind of way.. facts poorly sourced delivered w confidence but he will revise & correct.. he's too fundamentally opposed to Washington Mafia to ever be helpful to them unless perhaps a deal for Julian's freedom. #my2c
Thanks seems so inadequate- but it is heartfelt. Your writing is truly informative and timely. The more “we the people” are made aware of the errancy of our government, the more alert I pray we will be. Thanks for keeping us informed, your efforts are not in vain. (I forwarded your latest piece to many in hopes of helping them to understand and act accordingly!)
I am considered intelligent and I don't understand this. I am not alone. In fact, if you combine those of us who are intelligent and don't understand this with those who are not intelligent and don't understand this, you arrive at the vast majority of the population. That obviously has a great relevance for those who are gaming the system and DO understand this. The question is, what do we commoners do? Run for the hills? But as a number of us commoners understand, the hills have eyes. Lots of eyes. Otherwise known as the social credit system/surveillance state rapidly being deployed. So I repeat -- what do we do?
The asset liability mismatch run by SVB is the same as that being run by all central banks who used Quantitative Easing since the Global Financial Crisis. In essence they all bought long dated fixed rate government and corporate bonds financed by floating rate loans (aka central bank reserves) from commercial banks. The long dated bonds (in SVB’s case described as HTM hold to maturity aka hard to market) are now valued at less than cost and are expensive to hold as the floating interest rate is above the fixed yield of the bond portfolio. This losing position is backstopped by the governments aka the taxpayer otherwise central banks would be filing for bankruptcy.
Central banks in this position include the Fed, Bank of England, ECB, Bank of Japan, SNB etc.
I have many thoughts, I always do when I read you, they all boil down to this though- thank you! Not just for this article for all your writing and for wanting to share and get us all engaged and better informed. I appreciate you for your tenacity and care 😊🙏
This is why I learned to build a house, grow more food than I can eat, ferment alcohol, and am planting an orchard and big garden this spring.
And I think I will invest in some silver coin.
So small/intermediate/regional banks are not needed when we have CBDC's, so are they getting rid of them now by making them fail, in order to foment the CBCD transition?
Has anyone calculated what is the optimum number of crime families required to control humanity?
So how do we abolish the Central BAnking system? I am too old to move south or east....like to Russia or Brazil or India..
Is there a solution? Given what we have right now in terms of no representation at all in our government?
"They begin raising interest rates, then sell off their own equities before pulling the rug on the market." More insider trading?
Bill Clinton, eliminated Glass/Steagall did that encourage banks to become casinos. However, how do regulate a private club comprised of gangsters. Here's an interesting video explaining whose really in charge.
https://youtu.be/p5Ac7ap_MAY
Great article on the funny money FED players and yes Steve Kirsch was writing about his own CBDC. I don't trust him or the solo practitioner attorney puppets like Renz, Mendenhall and Jeff ☕ as I interview more lawyers than 99.99% of the world running a legal recruiting agency. I was arrested 4 times (10 charges) with no priors by my client who is the FED Reserves top law firm and the oldest in New York. Everyone is scared of my poignant intel[lectual] property patents, which is the best practice group to follow the money. SEE patent 2020279585-A1.
https://pubchem.ncbi.nlm.nih.gov/patent/US-2020279585-A1
Another substack writer has been covering my plight and I've been a guest speaker alongside many outspoken doctors with better intentions.http://funday.createaforum.com/improve/ilki/?message=522 2 other patents that will confirm your anointed work are Wo20200𝟔𝟎𝟔𝟎𝟔A1 and 11107588b2. I believe my case of malicious prosecution with defamation and deprivation of rights under any color of law[yers] will make me whole again and lead to the new mass tort record for justice to others.
Goød bless,
Being old and 'misbehaving' sounds like fun. It's what I do in a micro sort of way. Today will call out a choir that still sings with masks ON. I walked out on them. Linden Singers in Victoria. Mostly old folks with woke music director. Not funny. Cost me money...
Awesome- thank you! I woke up this am looking forward to this Pt.2.
bullish
"I mostly like Kim Dot Com, and I used to appreciate the majority of his takes, but after the U.S. government has Kim's home invaded from an ocean away, and courts ruled it legal, I've felt as though some of his takes might be…cleverly suspect. "
Kim is an original & steadfast supporter of WikiLeaks & Assange on my radar for a very long time. My take is that he's not as smart as his ego imagines in a typical billionaire kind of way.. facts poorly sourced delivered w confidence but he will revise & correct.. he's too fundamentally opposed to Washington Mafia to ever be helpful to them unless perhaps a deal for Julian's freedom. #my2c
This is valuable enough that I’m sending it to a number of people privately in hopes that they will read it.
Thanks seems so inadequate- but it is heartfelt. Your writing is truly informative and timely. The more “we the people” are made aware of the errancy of our government, the more alert I pray we will be. Thanks for keeping us informed, your efforts are not in vain. (I forwarded your latest piece to many in hopes of helping them to understand and act accordingly!)
Linked part one yesterday @https://nothingnewunderthesun2016.com/ will be linking part two today. Good read, sir!!!
I am considered intelligent and I don't understand this. I am not alone. In fact, if you combine those of us who are intelligent and don't understand this with those who are not intelligent and don't understand this, you arrive at the vast majority of the population. That obviously has a great relevance for those who are gaming the system and DO understand this. The question is, what do we commoners do? Run for the hills? But as a number of us commoners understand, the hills have eyes. Lots of eyes. Otherwise known as the social credit system/surveillance state rapidly being deployed. So I repeat -- what do we do?