Ripped From The Headlines, July 3, 2023
FedNow Coming To Your Bank Soon, Biden Admin OK With Blocking Out The Sun, BofA's $100M Bad Bet - Read, Share, & Subscribe - SherlocExposes.com
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“The U.S. Federal Reserve announced on Thursday that 57 firms have been certified to utilize its ‘FedNow’ instant payments system after it launches in late July.
The Fed did not provide a specific date for the launch, but 41 banks and 15 service providers, including large firms like JPMorgan Chase (JPM.N), Bank of New York Mellon (BK.N), US Bancorp (USB.N) and Wells Fargo (WFC.N), have completed formal testing and will be ready to provide instant payments after the new service is live.
‘This group of early adopters is now performing final trial runs on the service to confirm their readiness to support live transactions over the new instant payments infrastructure,’ said the Federal Reserve in their announcement.
‘In addition to the initial adopters, the Federal Reserve continues to work with and onboard financial institutions and service providers planning to join later in 2023 and beyond, as the initial step to growing a robust network aimed at reaching all 10,000 U.S. financial institutions.’”
“The White House has opened the door to an audacious plan to block sunlight from hitting the surface of the Earth in a bid to halt global warming.
Despite some scientists warning the effort could have untold side effects from altering the chemical makeup of the atmosphere, President Joe Biden's administration have admitted they're open to the idea, which has never been attempted before.
In a report released Friday by the White House, officials suggested limiting sunlight to rapidly cool the planet, a process known as solar radiation modification (SRM).
The administration added a note of skepticism to the report by noting that Congress ordered it, insisting it has not made any decision on 'geoengineering' policy.
The report noted that undertaking the mammoth task could have severe ramifications on weather patterns and food supplies, which would in turn impact biodiversity, geopolitics, and health.
It also suggested that committing to the idea then backtracking and changing course could lead to abrupt warming as the sun’s rays suddenly heat the Earth once more.
While insisting that it was not definitively moving ahead with the plan, the Biden administration insisted in its report that the idea appeared promising.”
”Bank of America is bearing the cost of decisions made three years ago to pump the majority of $670bn in pandemic-era deposit inflows into debt markets at a time when bonds traded at historically high prices and low yields.
The moves left BofA, the second-largest US bank by assets, with more than $100bn in paper losses at the end of the first quarter, according to data from the Federal Deposit Insurance Corporation.
The sum far exceeds unrealized bond market losses reported by its largest peers. The differing results reflect strategies undertaken early in the Covid-19 pandemic, when banks absorbed a flood of deposits from savers. BofA put more money into bonds, while others parked a greater share in cash. Now that yields have risen and bond prices have fallen, the value of BofA’s portfolio has plunged.
The losses at BofA accounted for a fifth of the $515bn in total unrealized losses in the securities portfolios among the nation’s nearly 4,600 banks at the end of the first quarter, FDIC data showed.
‘[BofA chief executive] Brian Moynihan has done a phenomenal job in handling the bank’s operations,’ said Dick Bove, a veteran bank analyst who is the chief strategist at boutique broker Odeon Capital.
‘But if you look at the bank’s balance sheet, it’s a mess.’ BofA has said it has no plans to sell the underwater bonds, avoiding crystallized losses that for now exist only on paper.”
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“Mass Control Monday,” Ripped From The Headlines. Things To Ponder:
“It’s Going To Make Getting Paid SO Much Faster…”
Evil doers have mastered making something that’s ultimately bad for you, look and feel really sweet…
For instance, the “FedNow” program: What could possibly go wrong?
No more worrying about depositing a check and wating 10 days for it to clear…
Or, no more waiting 3 days on that ACH payment…
Sounds great, right?
Just keep this in mind: You ALWAYS give up something for the convenience.
The same people who have us in $32 trillion dollars in debt and on the brink of an economic implosion are trying to convince you that they can make banking better…
Let that sink in for a second…
Then, take a look at what we shared in the June 20th edition of Ripped From The Headlines:
“CBDC Takeover? You’re A Conspiracy Theorist!”
Well, maybe more like a truth-teller.
If you’re a regular reader of Ripped From The Headlines, you know we’ve talked extensively about Central Bank Digital Currency (CBDC) and what the plan is to implement them. In the US, banks are wrapping up their certifications for the “FedNOW” program, which will make financial transactions instant…
And lay the foundation for a Central Bank Digital Currency.
The IMF trying to do this cross-border is a red alert to the progress of the plan for a world currency control system.
We encourage you to listen to this edition of The Officer Tatum Show with Carl Jackson, as we broke down the banking crisis and what the CBDC will look like:
Also, the January 16 edition of Ripped From the Headlines showed you what was coming. Click Here to read it.
Know Your Foe.
“Let’s Block Out The Sun, Corn Pop!”
The Biden Administration is like watching a pen full of cattle with mad cow disease…
Just when you think they can’t get more insane, they are now entertaining the idea of blocking out the sun…
“For Climate Change.”
We often mention that if you hear these people say something crazy, like men can have babies, take them literally… they are already working on it.
This is no different.
A search of Ripped From The Headlines for “global warming” will show our first introduction to the leader of this climate cult in the January 2 edition:
Meet Luke Iseman:
We share his picture because we want you to be familiar with the face of the person that believes you and your behavior
are so dangerousscrew up the agenda of population control so much…That blocking out the sun is a good idea.
Re-read what he said:
“We joke slash not joke that this is partly a company and partly a cult.
It’s morally wrong, in my opinion, for us not to be doing this.
What’s important is to do this as quickly and safely as we can.”
Do you REALLY Know Your Foe?
“Banks Play Casino Games With Your Money, Film At 11:00…”
So…
Bank of America took lots of your money and made bad investments…
And, so they don’t become more unstable from making bad investments with your money, they are not going to “declare the losses.”
Let’s cut to the chase:
Most of the major banks are already insolvent…
The only reason you’re not in a mass panic running to your bank, is that your bank hasn’t “realized” those losses yet…
And doesn’t have to tell you about their “short positions…” those are things that they are betting on (invested in) to go down in value…
If they had to, game over.
Bank of America let this information get out, because they want to be able to tell you later that they told you… and that you didn’t listen.
See how the hustle works?
Keep your eyes on what’s going on right now. It ain’t good.
Next-level preparation is necessary...
The potential for blackouts, cell phone service outages… it’s real.
How will you communicate?
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What does this mean?
Things aren’t going to end well if you don’t take action.
But, here’s what’s different this time… multiple people are saying that exact same thing from a number of different angles, and in different places.
One of the things we often say is to watch what successful people do, & do what they do, AND then watch what unsuccessful people do, and don’t do what they do…
Most of them are already out of the line of fire for social unrest or economic collapse…
How do you think they see things ending up?
Why should I care?
When was the last time you checked on your “go-to’s”:
*Your go-to investment?
*Your go-to safety net?
*Your go-to emergency plan?
If it’s been a while, here’s some bad news: They probably might not work anymore.
That means you’re behind in planning for rough times.
You should care.
What should I do?
Take a moment… right now if you can… to take inventory of what you’re seeing in this newsletter each day.
Have you ever seen a time quite like this?
Ok good, you’re paying attention. That’s the point.
If you’re not paying attention and trapped in the hustle and bustle of a busy world (with a ton of useless stuff, by the way), this stuff will come up on you like a thief in the night.
You need to take the time to prepare as best you can for a time when good supplies, strong communities, and strong connections are the difference between surviving and thriving or being in bad shape.
GET MOVING ASAP.
Also, please share what you get from this newsletter.
It’s OK if you don’t understand it all.
Tell them to ask us.
Your future, and theirs, depends on it.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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