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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: banks

Impending Economic Collapse

03 Monday Oct 2022

Posted by perrinlovett in Legal/Political Columns

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banks, collapse, Credit Suisse, debt, Deutsche Bank, economics

In progress now! Again. On exactly the same pathetic terms as in 2008. Nothing has changed, except by getting worse. Here we go again. Too big to fail, still?

Vox’s breakdown:

The Fed refused to take the bitter medicine that was necessary back in 2008. They bought a lot more time than I would have imagined by kicking the can down the road, and the Covid lockdowns and “emergency spending measures” appear to have given them an additional two years. But now it’s October, historically a month when the debt chickens come home to roost, and two of the world’s biggest banks, Credit Suisse and Deutsche Bank, have managed to get themselves in seriously deep trouble again, because no one ever stops doing what they’re doing when you prevent them from suffering the consequences of their actions.

While both giant banks are too big to be permitted to fail without significant ramifications through their host countries and the demi-global financial system – which now requires the prefix since the BRICSIA nations have their own system – and both are national flagships, the recent destruction of the energy pipelines suggests the hitherto unthinkable possibility that the Fed might not only be willing to let the banks fail, but perhaps even order the Swiss and German governments to refrain from bailing them out in the interest of furthering the Great Reset.

And both current governments are sufficiently corrupt, and sufficiently ignorant of economics, that they might well accept destructive direction from Washington DC on the subject. The fact that the only member of the Swiss Federal Council who has any grasp of economic matters just resigned last week might even be a sign that an unprecedented action – or rather, lack of action – may be in the offing.

This suggests that the next big economics battle will be the nationalization of banks and money vs centralized demi-global banking and a single digital currency for the former West.

Note that the same retarded heathens who moaned and whined about student loan forgiveness will have next to nothing to say if or when the WereWestern governments bail out these evil institutions. Again. The banks should be allowed to fail. hell, they should be forced to fail. And then, to hang from lampposts and trees.

Also note, as Vox does, that the MIR-CIPS sovereign nations are outside this stupid, predicted collapse. They will go on, business and life as normal. But hey, we got us freedom fries, right? That and the rule of literal satanists who really and truly hate us.

Next month, y’all better vote really, really hard.

UPDATE, 10/12/22: More madness:

This is normal. Nothing to see here. Carry on.

Central Bank Liquidity Swap Operations
These swap facilities are designed to improve liquidity conditions in global money markets and to minimize the risk that strains abroad could spread to U.S. markets, by providing foreign central banks with the capacity to deliver U.S. dollar funding to institutions in their jurisdictions. The New York Fed undertakes certain small value transactions from time to time for the purpose of testing operational readiness. The results of the central bank liquidity swap operations and small value exercises of the central bank liquidity swap lines are published on a weekly basis when conducted.

Transfer to Swiss National Bank 10/05/2022 10/06/2022 10/13/2022 7 3.33 3,100,000,000

Now, why would the Federal Reserve be loaning $3.1 billion to the Swiss National Bank? Oh, yeah, I suppose that just might be why.

Credit Suisse Group AG may be facing a capital shortfall of up to 8 billion Swiss francs ($8 billion) in 2024, according to an analysis by Goldman Sachs Group Inc, underscoring the difficulties the troubled lender will face is it approaches what will likely be an extensive restructuring. Given the lender will need to restructure its investment banking operations during a period of “minimal” capital generation, it will face a shortfall of at least 4 billion francs, according to a team of analysts

Again, where are all the squeaking, immoral retards who babbled about “taxpayers shouldn’t be on the hook for those lazy college kids!” Not that any of this fake, nonexistent garbage “money” will ever be repaid by anyone, but come on. A bailout is a bailout; in this case, as in all the others since 2008, the proceeds go to the most evil and irresponsible thieves, liars, and murderers on the planet. Like Vox noted, nothing to see here.

The Banks

04 Sunday Oct 2020

Posted by perrinlovett in News and Notes

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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

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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

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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

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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

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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

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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

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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.

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