Ripped From The Headlines, June 23, 2023
FDIC Bail Out List Leaked, 3M To Pay $10B For "Forever Chemicals," IMF Says "Don't Discount Crypto" - Read, Share, & Subscribe - SherlocExposes.com
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“A document released by the Federal Deposit Insurance Corp (or FDIC) which the agency said it mistakenly released unredacted in response to a Bloomberg News Freedom of Information Act request, has provided the most detailed glimpses yet into the biggest Silicon Valley Bank customers who were bailed out when the Biden administration decided to backstop all the bank's deposits.
As a reminder, when regulators stepped in to backstop all of Silicon Valley Bank’s deposits back in March, they saved thousands of small tech startups to prevent what many (especially those whose money was tiled up with SVB) said would have been a catastrophic blow to a tech sector that relied heavily on the lender.
But the stunning decision to guarantee all accounts above the $250,000 federal deposit insurance limit helped bigger companies that were in no real danger. Among them was Sequoia Capital, the world’s most prominent venture-capital firm, which ended up recovering the $1 billion it had with the lender courtesy of taxpayers. Another was Kanzhun Ltd., a Beijing-based tech company that runs mobile recruiting app Boss Zhipin, which received a backstop for more than $900 million.
While the incompetent buffoons at the FDIC - which has been selling off pieces of the bank since its failure and which absurdly ended up giving JPMorgan a $50 billion loan in Jamie Dimon's taxpayer-funded rescue of First Republic Bank...
... asked that Bloomberg destroy and not share the depositor list, saying the agency intended to ‘partially’ withhold some details from the document ‘because it included confidential commercial or financial information,’ according to a letter from an attorney for the regulator. The agency subsequently declined to comment on the substance of the information in the document.
Bloomberg, however, refused to comply. The list - whose contents were largely known already except for a handful of names - mistakenly sent by the FDIC is below:
“Chemical manufacturer 3M Co. will pay at least $10.3 billion to settle lawsuits over contamination of many U.S. public drinking water systems with potentially harmful compounds used in firefighting foam and a host of consumer products, the company said Thursday.
The deal would compensate water providers for pollution with per- and polyfluorinated substances, known collectively as PFAS — a broad class of chemicals used in nonstick, water- and grease-resistant products such as clothing and cookware.
Described as ‘forever chemicals’ because they don’t degrade naturally in the environment, PFAS have been linked to a variety of health problems, including liver and immune-system damage and some cancers.
The compounds have been detected at varying levels in drinking water around the nation. The Environmental Protection Agency in March proposed strict limits on two common types, PFOA and PFOS, and said it wanted to regulate four others. Water providers would be responsible for monitoring their systems for the chemicals.
Earlier this month, three other companies — DuPont de Nemours Inc. and spinoffs Chemours Co. and Corteva Inc. — reached a $1.18 billion deal to resolve PFAS complaints by about 300 drinking water providers. A number of states, airports, firefighter training facilities and private well owners also have sued.
“While some countries, most notably China, have banned crypto completely, the International Monetary Fund said that this ‘approach may not be effective in the long run.’
In a blog post about digital assets in Latin America published Thursday, representatives from the IMF said that instead of banning cryptocurrencies, which was on the table just a few months ago, nations should focus on the digital payment needs that have pushed citizens to adopt crypto.
The post noted how four Latin American countries—Brazil, Argentina, Colombia, and Ecuador—were among the top 20 nations for crypto asset adoption in 2022, although Argentina banned payment platforms from offering crypto to customers in May. People in these countries look to crypto for protection against macroeconomic conditions, cheaper and faster payments, and circumventing capital controls.
Although El Salvador was one of the first Latin American countries to embrace crypto, specifically by making the most popular cryptocurrency, Bitcoin, legal tender, the IMF said its approach may not be the best.
‘El Salvador’s experience with Bitcoin suggests there are risks to adopting unbacked crypto assets—those that rely on supply and demand rather than on any asset for value and that are subject to significant price volatility—even when explicitly supported by the government,’ the post read.
Authored by two IMF economists and a division chief in the IMF’s Western Hemisphere department, Thursday’s post also endorsed central bank digital currencies, a.k.a. CBDCs, which have been adopted by some countries like the Bahamas and Jamaica.
“Free Funding Friday,” Ripped From The Headlines. Things To Ponder:
“Oh… We Just Bailed EVERYONE Out ‘To Help…’ Nothing To See Here, Peasant!”
The hits just keep on coming…
So, the FDIC decided to bail everyone out that THEY thought needed bailing out during the recent banking crisis…
Including banks that didn’t actually need it.
Then, the FDIC got caught, by Bloomberg…
AND PROCEEDED TO ASK THEM TO DELETE THE INFORMATION.
Luckily for all of us, they didn’t.
Interesting what happens when you get to see your enemy, isn’t it?
Sherloc Market Research provided deep insight as to what was happening, and what was going to happen leading up to the news today. Get yourself up to speed on what’s happening and what’s coming next:
Bank for International Settlements Tells Us $65 (Now $80) Trillion Dollars Is Missing From Balances Sheets Around The World… And They Have NO IDEA Where It Is:
Here’s our co-publisher, RC Williams, talking about the situation on March 13th:
And again, on The Carl Jackson Podcast That Thursday:
And, on The Officer Tatum Show on the Salem Radio Network That Friday:
Click Here to see our breaking news report from that Saturday, on the 200 mid-sized banks that asked for ALL of their deposits to be guaranteed.
And finally, click below to see our segment from that Sunday on the American Adversaries Radio Show, heard in Orlando and Atlanta (fast forward to the 30-minute mark):
Know. Your. Foe.
“It’s Just FOREVER CHEMICALS… What Could Go Wrong?”
Enough that 3M found 10 BILLION REASONS TO TRY AND MAKE THEM GO AWAY.
This sums it up:
Chemical manufacturer 3M Co. will pay at least $10.3 billion to settle lawsuits over contamination of many U.S. public drinking water systems with potentially harmful compounds used in firefighting foam and a host of consumer products, the company said Thursday.
It’s OK for you and your family (multiple generations) to be poisoned and die… as long as they pay the fine.
We can only wonder what the fallout from the Ohio derailment disaster in Ohio will look like when it’s all said and done.
Know Your Foe.
“IMF: Don’t Discount Crypto… #CBDC Is Where It’s At… Because We Can Control It!”
Ah, the International Monetary Fund (IMF)…
If you can’t beat ‘em when it comes to crypto, join ‘em…
So you can CONTROL THEM.
The IMF is trying to co-opt crypto because it’s an alternative to the traditional system… this means that they cannot complete their grift. Here’s an example of how they do it:
In a blog post about digital assets in Latin America published Thursday, representatives from the IMF said that instead of banning cryptocurrencies, which was on the table just a few months ago, nations should focus on the digital payment needs that have pushed citizens to adopt crypto.
The post noted how four Latin American countries—Brazil, Argentina, Colombia, and Ecuador—were among the top 20 nations for crypto asset adoption in 2022, although Argentina banned payment platforms from offering crypto to customers in May. People in these countries look to crypto for protection against macroeconomic conditions, cheaper and faster payments, and circumventing capital controls.
Although El Salvador was one of the first Latin American countries to embrace crypto, specifically by making the most popular cryptocurrency, Bitcoin, legal tender, the IMF said its approach may not be the best.
The Formula: They set up crypto as viable, then they show it’s dangerous, then they provide the solution.
Here’s some background for you on where you end up in a #CBDC world:
Make no mistake… nothing the IMF wants to do is good for you.
Know Your Foe.
What Does This Mean?
You are under a FULL ASSAULT.
Your money is used like it’s a slush fund by the people that represent you…
You’re being poisoned without any real penalty to the perpetrators…
And they want to cover up all of their financial crimes with a Central Bank Digital Currency.
Yikes.
Why Should I Care?
Because this is going to be your future if you stop speaking out:
You are going to save yourself.
You should care.
What Should I Do?
You’ve got work to do…
Study EVERYTHING you can find on parallel and alternative economies.
Prepare to implement it.
If you are blessed to have means, start thinking about what you, your family, and your community are going to need, and how commerce will happen in a super local economy.
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