Watchman: The Federal Reserve Has Abruptly Terminated the Banking Bailout Program That Has Been Sustaining Institutions. Expect Banks To Start Collapsing in the Near Future

By SRH, The federal authorities seem to be on the verge of closing down the regional National Banks in order to usher in digital currency. Last Month U.S. Treasurer [grannie] Yellen assured the Senate that all is well and the financial system is “stable.” With minimal attention from the mainstream, the Federal Reserve terminated an emergency bailout program yesterday that was designed to assist banks and financial institutions during the aftermath of the Silicon Valley Bank (SVB) collapse a year ago. Worried about the potential widespread contagion and bank runs following SVB’s downfall, the Federal Reserve established the Bank Term Funding Program (BTFP), offering more than $2 trillion in funds for banks to borrow in order to manage withdrawals and losses stemming from loans, bonds, derivatives, and other assets that had depreciated due to interest rate hikes causing significant unrealized…

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Powell “60 Minutes” Preview: Full Recovery Could Take Until End of 2021, Will Require a Coronavirus Vaccine

Just Another Sorry Attempt by the NWO Pukes to Get the Masses on Board With the Vaccine… Less than a week after Powell tried (and apparently failed) to convince the market negative rates aren’t coming to the US (right as the BOE’s Andy Haldane admits the UK is considering joining the rest of Europe into the monetary twilight zone of NIRP), and just days after the Fed’s semiannual Financial Stability report warned that “asset prices remain vulnerable to significant price declines should the pandemic take an unexpected course” traders will again be glued to their TVs at 7 pm ET on Sunday evening when chair Powell sits down on CBS’s 60 Minutes – a little under 10 years after Ben Bernanke used the same venue to laughably declaring that the Fed “could raise interest rates in 15 minutes if we have to,” adding “that time is not now” or…

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