Ripped From The Headlines, March 1, 2024 - This Week's Top Stories
We Take A Look Back At The Top Stories From This Week - Read, Share, & Subscribe - SherlocExposes.com
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This Week’s Top Stories, Ripped From The Headlines
RED ALERT: The End Of The Bank Term Funding Program & The Implementation of Basel 3
During the collapse of Silicon Valley Bank and the 2023 banking crisis, the Federal Reserve created an “emergency backstop” called The Bank Term Funding Program (BTFP) which was advertised as a “lifeline for banks” but in reality was created out of thin air to prevent a full-blown economic implosion and technically nationalized the banks.
Now, that “lifeline” is about to go away.
THINGS TO PONDER:
The stories you don’t hear about are often the most scary…
While we’re distracted with other foolishness, our “worst nightmare” scenarios are playing out behind the scenes, with the technology that powers the majority of our day-to-day lives.
For perspective, a grid-down event where the US loses electricity for an extended period would result in 90% of the US population being dead within a year.
Let that sink in…
Then, think about this article. The enemy is already inside the gate… and it seems that those in charge of stopping them aren’t really equipped to do so.
Brace For Impact.
THINGS TO PONDER:
Business owners & leaders: “Uncertain future, brace for impact.”
Many Economists: “Hey look, no recession!”
That sums up the entire issue.
If you keep lying to yourself, it won’t make the problem go away…
As we shared in yesterday’s Ripped From The Headlines, the combination of bank welfare going away and new requirements for bank reserves is going to make for a VERY bumpy ride…
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Plus a recap of the 50 things you should have handy to barter.
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