The Fed and “your” government in DC resort to black magic of all kinds regarding the collapse of the banking industry. Might I suggest a few more sanctions on Russia.

The Great Recession and the financial crash of 2008 never ended. The ill effects were just papered-over, buried under a mountain of new fake debts. I forget how many trillions or tens of trillions of fake dollars were poured into the “very healthy, nothing is wrong!” banks. In the fall of 2019, the scenario repeated when, I forget how many trillions or tens of trillions of fake dollars were stuffed through the repo window. All throughout the Great Hoax, about 75% of the fake “stimulus” money “for the people” went to the banks. I forget how many trillions or tens of trillions of fake dollars that was. So, after, what, 30-50 trillion fake dollars poured in, the banks are still failing? Why and how?

We know. Michael Hudson gives a pretty good summary of why. Karl Denninger goes deeper into the underlying psychology.

The new emergency schemes may work for a few months or even years. But the system is beyond hope. We are in the great financial collapse that will, along with WW3 and Civil War 2.0, undue America. On a selfish personal note, I hope the USG spends all the fake money it can on the banking “recovery” and the too-late rearmament. Some years ago, I noted the regular doubling of the federal on-books debt, and called $40 trillion by 2024. Then, things slowed down. Right now, we’re at about $32 T. There’s still time! Not that it matters. A fix is theoretically possible, though practically impossible. It might look like these three extremely broad points:

1. Nullify and eliminate all debt. Make any future usurious lending – at any rate – a capital felony;
2. Return to real money. Make dealing in anything other than real money a capital felony; and,
3. Execute everyone in power responsible for the current mess.

While we hold our collective breath, we can watch more banks, bailouts, and bullshit.