(EDITOR’S NOTE: Orange-linked text is clickable for additional information.)
“Amid turbulence in the U.S. banking system, nearly half of Americans are anxious about the safety of the money they have in accounts at banks or other financial institutions. A total of 48% of U.S. adults say they are concerned about their money, including 19% who are ‘very’ and 29% who are ‘moderately’ worried. At the same time, 30% are ‘not too worried’ and 20% are ‘not worried at all.’
These findings are from a Gallup poll conducted April 3-25, the month after Silicon Valley Bank and Signature Bank collapsed. News about the failure of a third bank -- First Republic -- came after the poll was completed. Most bank failures in the U.S. over the past two decades have been linked to the 2008 financial crisis, which was the last time Gallup gauged Americans’ level of worry about their money held in banks or other financial institutions.
The latest readings are similar to those in 2008. In September of that year, shortly after the collapse of Lehman Brothers, which remains the largest bankruptcy filing in U.S. history, 45% of U.S. adults said they were very or moderately worried about the safety of their money.
“A Democrat congresswoman sold shares in First Republic Bank while the price was tanking - then purchased stock in JPMorgan before it took over the doomed institution.
The news comes the same day a bipartisan bill was introduced by left-wing 'squad' member Alexandria Ocasio-Cortez and Trump supporter Matt Gaetz to ban stock trading by members of Congress.
Florida legislator Lois Frankel sold her First Republic stock on March 16 while its value was sinking.
The transactions are revealed in financial disclosures which say the value of the stocks in both instances was between $1,001 and $15,000. The revelations have placed renewed scrutiny on lawmakers over their trading.
Frankel said her 'account is managed independently by a money manager who buys and sells stocks at his discretion.'“
“On Monday, Sept. 8, 2014, Jeffrey Epstein had a full calendar. He was scheduled to meet that day with Bill Gates, Thomas Pritzker, Leon Black and Mortimer Zuckerman, four of the richest men in the country, according to schedules and emails reviewed by The Wall Street Journal.
Six years earlier, in 2008, Epstein pleaded guilty to soliciting and procuring a minor for prostitution, and he subsequently registered as a sex offender. He was arrested again in 2019 on sex-trafficking charges, and died that year in jail awaiting trial.
Mr. Gates, the co-founder of Microsoft, has said they discussed philanthropy, and it was a mistake to meet with Epstein.
Mr. Black, a co-founder of Apollo Global Management, who has said previously he met for tax and estate advice, declined to comment.
The other two men haven’t previously discussed their meetings with Epstein and didn’t respond to requests for comment. Mr. Pritzker is chairman of Hyatt Hotels and Mr. Zuckerman is a real-estate investor and media owner.
“What, Me Worry? Thursday,” Ripped From The Headlines. Things To Ponder:
“The Banking System Is Strong And Everyone Agrees!”
At least that’s what the US government says…
And, as usual, they are asleep at the wheel…
Because about half the people are concerned about their money in the bank.
And while that number is shocking, the fact that the other half are “not too worried” or “not worried at all” is equally shocking…
Those folks are in for a VERY RUDE awakening.
Things aren’t in a good place… and with that many people with their heads in the sand, it’s going to be a hard economic landing for many, many people.
If you’re reading this newsletter, tell a friend who’s not up to speed about it and tell them to get prepared.
Now.
Your future depends on it.
“We’re At It Again… Nothing To See Here Though!”
Another one of your representatives is at it again… Lois Frankel of Florida knew right when to get out of First Republic Bank stock and into JP Morgan stock…
“Don’t Mind Us, We’ll Just Be Over Here Profiting From The Mess We Made…”
So… stock trading and congressional work meet again…
This keeps happening… situations where members of Congress have access to key information, they legislate favorably (for themselves) and they always seem to be on the right side of the equation.
We covered this in our article, “When Liars Conspire” (Click Here to read), where we showed how members of Congress were legislating crypto to their advantage, including cushy jobs in the private sector once they do the work to get what they want, making this possible.
Masters of the grift-a-verse!
Your tax dollars are hard at work… jumping into their pocket.
Know Your Foe.
You Can’t Outrun The Reaper…
No funny quote on the Epstein stuff…
Just more of the facts… that some wealthy and powerful people don’t care who they associate with to get more wealth and power…
Until they get caught.
Then, it’s a whisper of an apology (that’s you, Bill Gates,) or they just don’t comment…
Because they are guilty as hades…
So… now that you know your foe, what will you do about it? Will you track how they make their money and stop enriching them?
Time to get to work.
You need to be prepared… there’s just too much crazy stuff happening.
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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
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