Ripped From The Headlines, May 3, 2023
Gas Stoves Give Up The Ghost, FDIC Pays JP Morgan To Buy 1st Republic, "AI Is Dangerous!" Read, Share, & Subscribe - SherlocExposes.com
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“New York is the first state in the country to ban natural gas and other fossil fuels in most new buildings – a major win for climate advocates, but a move that could spark pushback from fossil fuel interests.
Facing mounting pressure from environmental advocates and climate-minded voters, Gov. Kathy Hochul and Democratic lawmakers, who control the New York Senate and Assembly, approved the new $229 billion state budget containing the provision late Tuesday night.
The law bans gas-powered stoves, furnaces and propane heating and effectively encourages the use of climate-friendly appliances such as heat pumps and induction stoves in most new residential buildings across the state. It requires all-electric heating and cooking in new buildings shorter than seven stories by 2026, and for taller buildings by 2029.
The law’s passage comes after a federal official’s comments on gas stoves sparked controversy earlier this year. Richard Trumka Jr., a US Consumer Product Safety commissioner, set off a firestorm when he said in January that gas stoves were a significant source of indoor pollution linked to childhood asthma, and suggested that the agency could be working to ban them in new homes. Trumka later clarified his statement, saying the agency is ‘not looking to go into anyone’s homes and take away items that are already there.”’
Yes, you read the headline correctly.
Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did.
2008 saw the peak in terms of asset-size for bank failures ($373.6 billion with 'only' 25 failures), while 2010 saw the peak in number of banks failing (157 vs 25 in 2008).
So far in 2023, 3 banks have failed with combined assets of $548.5 billion.
Even including the $170.9 billion in assets from failed banks in 2009, 2023 is still worse than the two 'great financial crisis' years combined.
Unfortunately, the banking collapse of 2023 is far from over.
We still have eight more months to go before this year is done, and many more banks are currently teetering on the brink of disaster. Executives at those banks are telling us not to worry, but of course, executives at First Republic were issuing similar assurances just last week. Personally, I had heard that First Republic supposedly had enough reserves to keep going for months. But that was a lie, and now First Republic is toast.
The government was not going to allow just anyone to snap up the assets of First Republic.
JPMorgan Chase was one of the institutions that was invited to make a bid, and they came out of this process as the big winners…
JPMorgan is getting about $92 billion in deposits in the deal, which includes the $30 billion that it and other large banks put into First Republic last month. The bank is taking on $173 billion in loans and $30 billion in securities as well.
The Federal Deposit Insurance Corporation agreed to absorb most of the losses on mortgages and commercial loans that JPMorgan is getting, and also provided it with a $50 billion credit line.
In addition to providing JPMorgan Chase with a 50 billion dollar credit line, the FDIC will also take a loss on this deal of approximately 13 billion dollars. So they are definitely one of the big losers in this deal…
“Artificial intelligence will be dangerous in the hands of unscrupulous people, according to Microsoft Corp. Chief Economist Michael Schwarz.
‘I am confident AI will be used by bad actors, and yes it will cause real damage,’ Schwarz said during a World Economic Forum panel in Geneva on Wednesday. ‘It can do a lot damage in the hands of spammers with elections and so on.’
AI ‘clearly’ must be regulated, he said, but lawmakers should be cautious and wait until the technology causes ‘real harm.’
Artificial intelligence tools have come under increased scrutiny as their use exploded in recent months following the debut of ChatGPT. Policymakers are trying to pressure companies to implement safeguards around the emerging technology.
‘Once we see real harm, we have to ask ourselves the simple question: ‘Can we regulate that in a way where the good things that will be prevented by this regulation are less important?’ Schwarz said. ‘The principles should be, the benefits from the regulation to our society should be greater than the cost to our society.’”
“Dwindling Freedom Wednesday,” Ripped From The Headlines. Things To Ponder:
“What Do You Mean? It’s Not Like We’re Going To Stop Gas Stoves!”
Oh really?
Well, it looks like, once again, the climate nazis got you with the banana in the tailpipe…
The State of New York is banning gas stoves and furnaces in new buildings…
That means that municipalities… which have a hard time providing services when the weather has the hiccups, want you more reliant on them…
Yikes.
If you’re a regular reader of Ripped From The Headlines, you knew this was coming. As we shared with you in the January 9th edition:
And just in case you missed our commentary on the issue, it’s timeless:
“That Natural Gas… It Will Kill You!”
So say your
public servantsGovernment Overlords who demand that you switch to electric…When it’s proving over and over again to be unreliable when trouble strikes…
Oddly enough, this statement:
'This is a hidden hazard,” Richard Trumka Jr., an agency commissioner, said in an interview. 'Any option is on the table. Products that can’t be made safe can be banned.'
and the one from Senator Cory Booker (D-NJ):
“Lawmakers have weighed in, asking the commission to consider requiring warning labels, range hoods and performance standards. In a letter to the agency in December, lawmakers including Senator Cory Booker of New Jersey and Representative Don Beyer of Virginia, both Democrats, urged action and called gas-stove emissions a ‘cumulative burden’ on Black, Latino and low-income households that disproportionately experience air pollution.”
Don’t seem to address the issue of ventilation. We’re curious as to why that is.
And why natural gas seems to be under attack…
Could it be there’s a real need for it, plenty of it, the fact that it provides people freedom from unreliable systems, and slows down the green agenda?
You bet your assets!
Know Your Foe.
“Nothing To See Here… We’re Just Rigging The System…”
SO…
The 2023 banking crisis has now surpassed the entire 2008 banking crisis…
With just three banks!
For anyone saying, “This isn’t like 2008…”
You’re right… it’s worse. And it’s a crisis that has the Feds basically paying banks to buy bad banks…
And also taking a loss while doing it.
WOW!
If you did that with a business deal, you’d be under the jail…
This also stuck out to us as an interesting tidbit:
The Federal Deposit Insurance Corporation agreed to absorb most of the losses on mortgages and commercial loans that JPMorgan is getting, and also provided it with a $50 billion credit line.
In addition to providing JPMorgan Chase with a 50 billion dollar credit line, the FDIC will also take a loss on this deal of approximately 13 billion dollars. So they are definitely one of the big losers in this deal…
A $50 BILLION DOLLAR CREDIT LINE?
ABSORBING 13 BILLION IN LOSSES?
This is the “free market” friends…
On a brighter note, maybe now JP Morgan can deal with the $55 BILLION IN UNREALIZED LOSSES AND CREDIT DEFAULT SWAPS THAT IT’S NOT TALKING ABOUT.
There’s no chair for you when the music stops. Brace for impact.
“Oh, Quick Reminder… AI Will Kill You…”
This is why humans, who are flawed, can’t make statements like “AI is perfect!”
Who created it?
Yep, you’re right… people who are flawed…
How flawed you may ask? Flawed enough that we’ll worship that same AI:
Now, Microsoft’s Chief Economist is saying it’s dangerous…
And that’s the same Microsoft that’s behind ChatGPT…
Which accelerated this mess.
Keep this quote handy for future reference. It’s a masterful “CYA:”
‘Once we see real harm, we have to ask ourselves the simple question: ‘Can we regulate that in a way where the good things that will be prevented by this regulation are less important?’ Schwarz said. ‘The principles should be, the benefits from the regulation to our society should be greater than the cost to our society.’”
Know Your Foe.
You need to be prepared… there’s just too much crazy stuff happening.
We’ve found the 4Patriots solar generators to be light and easy to use. Plus, they are quiet and don’t require fuel.
You’re able to power key things like your fridge, freezer, coffee maker, and more.
What Does This Mean?
Your government, and its minions, are out of control and blatantly violate the will of the people while robbing you blind…
They want you in a position where you can’t move, spend, eat, or do anything else, sans a Parallel Economy…
The US is turning into a combination of Mad Max & The Hunger Games…
What do YOU think that all means for you?
Why should I care?
Being able to…
Eat…
Travel…
Defend Yourself…
May all get REALLY tough to do…
Everything IS NOT fine.
You should care.
What Should I Do?
Get a plan together, ASAP.
Spiritual, Financial, Community, and Contingency.
It feels like a dark cloud, but if you’re prepared, you can help to turn things around and help people to recover.
But you have to be here and functioning to do that.
We’ll say the same thing to you that we say to ourselves every day:
Millions of people are counting on you. Get to it!
YOUR FUTURE 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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