• About
  • Books
  • Contact
  • Education Resources

PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: banks

The Banks

04 Sunday Oct 2020

Posted by perrinlovett in News and Notes

≈ Comments Off on The Banks

Tags

banks, masks

An afterthought about the previous post: it might be just as well that we can’t go inside the branches anymore. Banks used to have signs that forbid, for obvious reasons, things like sunglasses, hoodies, hats, and … masks. The difference nine months, a virus, a recession, and a collapse of intelligence makes.

When Was The Last Time You Went INSIDE A Bank?

04 Sunday Oct 2020

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on When Was The Last Time You Went INSIDE A Bank?

Tags

banks, banksters, debt, depression, Economic collapse, Vox Day

January? Last year? Can’t remember? Neither can I.

I do know that the banks I do business have essentially sealed their buildings to the public. The ATM is now and ITM(!) where equipment permitting, you can speak “directly” with a teller. I’ve heard of branch closings. Others have too. Vox Day issues a warning:

Banks don’t make their money from deposits anymore. And increasingly, they don’t make money from loans anymore. So there simply isn’t any point in maintaining branches for service to non-revenue-producing customers who have no savings and can’t take out any more loans.

It’s interesting that they’re trying to sell the real estate, though. That tends to indicate that they need cash. It won’t be even remotely surprising if the next financial crisis starts later this month; I would be very surprised if it didn’t start before the end of 2021.

Read his whole post, including the email. Then reconcile that with what you know about your town, small or large. Does any of this suggest a remotely healthy economy? And it’s been going on since before the last crisis. Banks and mega-corporations now exist by stealing gold and accepting USG/Fed monetary methadone (thanks, GC!). It’s (way past) time for a reset.

Yes, The Banks Will Collapse

10 Wednesday Jun 2020

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on Yes, The Banks Will Collapse

Tags

2033, banks, collapse, economics

As will everything else in the decaying Empire. And, if not for tens of trillion$ in nightly funny money, they – many of them – would have already gone under. They should have been allowed to fail 12 years ago. Even The Atlantic senses something is wrong, even as they refuse to fully acknowledge reality.

After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there’s another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed.

The virus did it! You will wake up to such a report one day in the future. You’ll also wake up to carriers on the ocean floor. And, one day, you’ll learn that your mighty Empire is being violently fragmented into smaller, warring tribal nations. The Atlantic will have ceased publication by then, but some other bunch of idiots will be there to feign astonishment.

The good news is that this will usher in a needed debt jubilee. The bad news is so many won’t survive to see it.

But It’s So Convenient

20 Friday Dec 2019

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on But It’s So Convenient

Tags

ACH, banks, economics, Federal Reserve

Get your direct deposit today?

With reports of direct deposits failing to clear still ongoing, Bloomberg reported that the Federal Reserve was investigating “the second significant disruption in 2019 of a payments service administered by the U.S. central bank.”

As we first reported earlier (see below) key transactions – most notably funding via direct deposits – were delayed after ACH – which stands for the Fed’s Automated Clearinghouse System – experienced delays, but it is now up and running.

“The FedACH service, which processes transactions for commercial banks, is currently operating normally after experiencing delays in processing yesterday afternoon and early this morning,” Jean Tate, a spokesman for the Atlanta Fed which hosts the central bank’s Retail Payments Office processing ACH transactions, said in an e-mailed statement, despite reports that some banks bank clients still had not received their monty.

“Some customers experienced delays in receiving confirmations of yesterday’s transactions. Federal Reserve technical staff continue to investigate the root cause of the issue.”

Not to worry! The sorcerors are looking into it. “Monty,” the root cause of all evil…

The Fed’s Cool New Tool!

12 Monday Aug 2019

Posted by perrinlovett in News and Notes

≈ 1 Comment

Tags

banks, economics, Federal Reserve, sorcery

Introducing the amazing new Countercyclical Capital Buffer!!!!!!

Federal Reserve officials are weighing whether to use a tool that could reduce the risk of a credit crunch in a downturn.

The tool is known as the countercyclical capital buffer. It allows the Fed to require banks to hold more loss-absorbing capital should the economy show signs of overheating, or to keep less of it during bad economic times. The buffer applies generally to banks with more than $250 billion in assets, including firms such as JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc.

The Fed’s board of governors so far hasn’t used the tool, approved in 2016. Its rule on the buffer says it should turn it up when economic risks are “meaningfully above normal” and reduced when they “abate or lessen.”

Now, some Fed officials are debating whether it is time to use the tool, which could provide banks with additional lending firepower in a subsequent downturn. It isn’t clear when they might make a decision.

I have obtained an exclusive image of this cool new tool:

Screenshot 2019-08-12 at 10.35.26 AM

Say “Goodbye” to the Banks?

26 Wednesday Jun 2019

Posted by perrinlovett in News and Notes

≈ Comments Off on Say “Goodbye” to the Banks?

Tags

banks

It would be so nice. Mark Nestmann says it’s possible.

I look forward to the day when the fractional reserve banking system takes its last breath. If you’re tired of dealing with soaring banking fees, stifling compliance requirements, or the threat of “de-risking,” you have reason to smile. In the not-too-distant future, banks will be obsolete.

That’s a neat little history of the evolution and devolution of banking, too.

Debanking: The Banksters are the Mortal Enemies of the Free People

18 Thursday Apr 2019

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on Debanking: The Banksters are the Mortal Enemies of the Free People

Tags

banks, banksters, Chase, debanking, evil, fascists, right, silence

“Chase is not involved with any like, you know, alt right people or anything.” – Chase Bank SJW1234

Since Vox Day left a few years ago, and since Pat Buchanan is available elsewhere, I really haven’t paid much attention lately to WND. But, this story on a horrific trend in US banking is worth the read.

Chase Bank is shutting down accounts of people and organizations with controversial political views, according to an undercover investigation by James O’Keefe’s Project Veritas.

O’Keefe’s latest probe found that Chase, without explanation, abruptly closed the account of a political activist that had existed for 15 years in good standing.

…

“First we get silenced on social media, which is a new public square. Then PayPal. And then I get debanked,” he said.

“It’s a very dangerous trend.”

Too big to fail? I’d say just about right for breaking up. The associated video:

I’d say boycott – and we should – but we may run out of businesses. You know, there should be an alternative to the banking stranglehold monopoly. That would involve an alternative to the Satanic Federal Reserve. I think I have a plan that should do the trick. All we need is an honest Congress and a President with a set of … nevermind.

Janet Yellen Channels Her Inner Pinocchio

27 Tuesday Jun 2017

Posted by perrinlovett in News and Notes

≈ Comments Off on Janet Yellen Channels Her Inner Pinocchio

Tags

banks, economics, economy, Federal Reserve, Janet Yellen, lies, recession

This stuff writes itself.

Fed Chair Janet Yellen said Tuesday that banks are “very much stronger” and another financial crisis is unlikely anytime soon.

Speaking during an exchange in London with British Academy President Lord Nicholas Stern, the central bank chief said the Fed has learned lessons from the financial crisis and has brought stability to the banking system.

…

She also made a bold prediction: that another financial crisis the likes of the one that exploded in 2008 was not likely “in our lifetime.” The crisis, which erupted in September 2008 with the implosion of Lehman Brothers but had been stewing for years, would have been “worse than the Great Depression” without the Fed’s intervention, Yellen said.

 

 

I think I know what “no crisis like 2008 in our lifetime” means. The poor woman must be terminally ill. That or maybe she/they know the next one will be worse than 2008.

20140129Jay_image002

Kitco.

“Had been stewing for years….” Maybe that’s why, as the article later pointed out, it caught the Fed completely off guard.

I do like her giving the Fed credit for preventing the Greater Depression. Rich.

The Fed, if you recall actual history, prolonged a downturn, a recession, into the Great Depression of the 1930’s. They have experience wrecking the economy. And it’s really too soon to tell about the Greater Depression, although I’ve seen stats from two economists that show the 2008 crisis was every bit as bad as that of the 30’s and that we have yet to recover from it.

Wait! Now I know what she means. She knows the 2008 crisis never really ended. Therefore its continuation this year or next coupled with a new worsening crash technically won’t be another crisis – it’ll be the same one.

That or she’s sick.

Thoughts and prayers.

 

Perrin Lovett is soon coming to Patreon. You can be part of the revolution.

Banking Explained In A Few Frames

27 Sunday Nov 2016

Posted by perrinlovett in News and Notes

≈ 2 Comments

Tags

banks, banksters, Pearls Before Swine

As Rat says, they really can’t make this stuff up. Today’s Pearls Before Swine cartoon accurately and easily sums up your relationship with the criminal banking industry.

nimbus-image-1480256424377

Pastis, 11/27/16.

There’s a reason I read Pearls everyday. Aside from Pastis, Scott Adams, and maybe the weather, I cannot think of any reason to consult any “news” paper these days.

Risky Banking Business

22 Tuesday Nov 2016

Posted by perrinlovett in News and Notes

≈ Comments Off on Risky Banking Business

Tags

banks, banksters, Citi, economy

Just last week I told you about Citi’s criminal plans to prohibit cash. It’s part of the greater scheme to steal your wealth in addition to a great inconvenience.

Now, this week, news comes that Citigroup is the riskiest bank in America.

A global financial regulator declared three of America’s largest banks sources of higher risk to the world’s financial system compared to last year, requiring them to hold more capital as a sort of insurance against failure and the resulting ripple effects across the global economy. The announcement on Monday came less than two weeks after banking industry deregulation-friendly candidate Donald Trump won the presidential election.

The Basel, Switzerland-based Financial Stability Board (FSB) will, starting in January 2018, require Citigroup Inc. to have a 2.5 percent capital buffer—the second-highest risk bracket—compared to last year’s 2 percent requirement, and Bank of America Corp. needs to keep 2 percent of its capital available, above last year’s 1.5 percent. Morgan Stanley, however, was moved to the lowest risk bracket, with a capital buffer of just 1 percent, down from 1.5 percent last year.

This move is intended to shore up banking reserves and protect the public from future bailouts. Rest assured however that if the time comes, your taxes will be made readily available to the banksters.

At least the warning is out. The entire banking industry is in roughly the same shape it was in back in 2008. As to Citi’s perdicament, it couldn’t happen to a nicer bank.

Now, here’s a better, happier story:

More Christmas Tie!

img_20161122_113259157_hdr

← Older posts

Perrin Lovett

FREE Ebook!

The Substitute – my first novel

NOTE! Much better, revised edition coming ASAP!

The Happy Little Cigar Book

Buy From Amazon! The perfect coffee table book!

Perrin On Politics

FREE E-book! Download now~

Right-Minded Social Media For Normal People

Freedom Roasters Coffee AND Apparel

SPA Prepper Gear

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • July 2014
  • June 2014
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • June 2012

Prepper Post News Podcast by Freedom Prepper (M-F)

Have a Cup!

Perrin’s Articles and Videos at FREEDOM PREPPER

Blog at WordPress.com.

  • Follow Following
    • PERRIN LOVETT
    • Join 36 other followers
    • Already have a WordPress.com account? Log in now.
    • PERRIN LOVETT
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...
 

You must be logged in to post a comment.