Ripped From The Headlines, March 8, 2024 - ECONOMIC RED ALERT REDUX
The Bank Temp Funding Program Ends On 3/11/2024 & Basel 3 Requirements Are Ready To Kick In - Learn What It Means For You - Read, Share, & Subscribe - SherlocExposes.com
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.
From Reuters (Click HereTo Read The Full Article):
The BTFP "was really designed in that emergency situation," Michael Barr, the Fed's vice chair for supervision, said earlier this month, referring to the banking sector panic triggered by SVB's rapid collapse.
"It was designed for that emergency to say, We want to make sure that banks and creditors of banks and depositors (in) banks understand that banks have the liquidity they need."
This creates a unique problem.
Banks have, in essence, become drunk on cheap money AND the need for zero reserves - meaning that if you deposit $100 in the bank, the bank can lend out all $100 without the need to keep any of it… just in case.
This interview with Carl Jackson on The Officer Tatum Show from March 2023 lays out how this all happened and why:
But there’s another problem on the horizon… which we’ll take a look at in a moment.
What if…
You would have known what was going to happen with the banking crisis…
You would have known the US government's plan for #CBDC…
You would have known about how the surveillance state was going to be weaponized against you…
A year before they happened?
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Basel 3 regulation is designed to decrease damage done to the economy by banks that take on too much risk. Basel III was introduced following the 2008 Global Financial crisis to improve the banks' ability to handle any shocks from financial stress and strengthen both their transparency and their disclosure.
And that’s bad news for banks in the US, as the Fed is now going to require reserves of 20% or more…
U.S. banks could lose up to $35 billion in revenues in 2025 under current proposals for new capital rules that could "relevel the playing field" for European lenders, a study showed on Thursday.
The 'Basel III Endgame' standards, the final leg of international bank capital rules that followed the global financial crisis, could impact U.S. banks disproportionately, according to consultancy firm Oliver Wyman.
The current U.S. rules are likely to result in a 35% increase in so-called risk-weighted assets (RWA) for U.S. banks globally and international banks' U.S. subsidiaries, compared with 15% for European banks, Oliver Wyman said.
Risk-weighted assets measure how much capital banks need to hold against the risks they are taking.
That last part is a really big issue.
If you’re a $1B bank with basically nothing in reserve, and then one day you have to come up with $200 million, you’ve got a problem.
Famous last words you should never, ever, believe, courtesy of President Ronald Reagan…
That’s the thing with #CBDC… to the suckers, it sounds really good…
But in reality, that seals off your last exit to freedom.
Our co-founders laid this out in great detail (along with solutions) recently on the Nick V Show:
Dr. Kirk Elliott joined Alex Jones on 2/26/2024 to discuss this issue and provides great insights on what’s coming and why, including the fact that you don’t actually own the assets you think you do (car, house, etc) even if you’ve paid them off.
This video is a must-watch:
You’ll also want to watch the documentary, “The Great Taking” by David Webb, as it explains how and why your assets aren’t yours. Click Hereor below to watch the documentary.
What’s Next?
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To be added to the list to be updated about the blueprint, please email paralleleconomy@mail.com ASAP.
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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.
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