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Sunday, 19 March 2023
An allegation-packed summary of The Case Against Hancock et al by Michael O'Bernicia [recorded 'live' in the Court of Public Record].
Saturday, 18 March 2023
Banks, Inflation, Bailout, War & Collapse
By Greg Hunter’s USAWatchdog.com
This Weekly News Wrap-Up is featuring a double header of expert guests. Dr. Paul Craig Roberts (PCR), former Assistant Treasury Secretary in the Reagan Administration, and Bill Holter, who is a financial writer and precious metals expert. First up: PCR weighs in on possible nuclear war with Russia and the possibility of a total collapse of the financial system. PCR, who is also an award-winning journalist, says, “Five banks have derivative exposure of $188 trillion. That is twice the Gross Domestic Product (GDP) of the entire world. How can that happen? Where were the regulators that let this type of situation develop? It’s mindless, and no one can know what the consequences are. How are you going to examine these derivatives? . . . . This is just as dangerous, in its own way, as the fact that Putin allows this Ukraine war to drag on and on and on. It’s mindless. Both bets are mindless, and in the mindlessness is the danger. In the Ukrainian danger, it could end in nuclear war, and the financial danger is the entire western world financial system could collapse. . . . Nobody is watching anything. It’s just one stupidity after another.”
Bill Holter also has dire warnings about the ongoing banking crisis. They want the public to think all is under control, but that is not the truth. The idea of control and calm is coming at a very high price. Holter explains, “The U.S. has on-book debt of $31 trillion . . . it has to borrow $1 trillion a year to keep the doors open. . . . That tells you we have already stepped through the door of banana republic land. . . . Now, they are going to take on a $17 trillion obligation to cover the entire banking system (meaning all U.S. bank deposits). That is ridiculous. This is like one drunk trying to hold up another drunk. They have now put the balance sheet of the U.S. Treasury in the crosshairs . . . of speculators, which will destroy the Treasury’s balance sheet.
This is an ongoing collapse, and I think they believe they still have control. . . .This is like a giant 1993 when George Soros broke the Bank of England. That’s where this is headed. It also ends up with the dollar no longer being the world reserve currency.”
There is much more in the 1-hour newscast.
Join Greg Hunter of USAWatchdog.com as he interviews two heavy weights. You are getting analysis from Dr. Paul Craig Roberts and Bill Holter in the Weekly News Wrap-Up for 3.17.23.
Friday, 17 March 2023
Of Nazis and Narnians - Irreverend Episode 117
Thursday, 16 March 2023
The Christian Nationalist Counter-Offensive Has Begun
The Christian Nationalist Counter-Offensive Has Begun
By: Pastor Andrew Isker
You can listen to this post read by the author by clicking here.
The Left is continuing to lose its mind when it comes to Christian Nationalism. American Christians, of which there are tens of millions, continue to grow stronger in their opposition to Leftism and Globalism. Despite the pessimism from many regarding the 2022 election, in many places, self-consciously right-wing and Christian leaders have gone on the offensive. The Left thought it won big, staving off a red wave, but in reality, it has summoned bold leadership from those who finally know the time of day.
As the Leftist cultural offensive reaches new levels of depravity, many states have passed laws aimed at protecting children. Iowa and Mississippi have passed laws to prevent children from being mutilated, either by surgery or hormonal disruption. Tennessee has made drag queens performing before children a crime. Florida has begun dismantling anti-white race hatred in their university and public school systems. The success of recreational marijuana referendums throughout the country was just recently halted by Oklahoma voters. Texas has proposed bills to reward married parents of several children with property tax rebates and even exemptions. The same courageous legislator who sponsored that bill also presented legislation for Texas to pursue secession. And many states have solidified their pro-life abortion laws in the wake of Roe v. Wade being overturned, and some have even banned prenatal infanticide entirely.
Detractors on the right might point out that there have been culture war movements on the right that had some success in the 1990s and early 2000s. For example, until Minnesota in 2012, just before Obergefell was imposed on the nation, every state that put forward a referendum to ban homosexual unions passed them, some by very wide margins, and one was passed even in ultra-liberal California in 2008. Those skeptical of a re-energized culture war point out that despite all these states passing gay marriage bans, a single leftist Supreme Court wiped all those wins away. And since then, political and economic power has uniformly enforced this cultural revolution. Every institution in all of public life has been captured by them. What is to stop them from crushing these uppity red states as they did in 2015?
The answer? Cultural warfare that is adapted to the “negative world.” If you are old enough to remember the gay marriage debates of the late 90s/early 00s, you will recall that they were marked by extremely vague appeals to “decency” and “family values.” The reason why was obviously because the entire debate was within the bounds of post-civil rights, liberal democracy. You simply were not allowed to make appeals to thousands of years of Christian tradition, the natural order, or objective reality. If your appeal to “family values” flew too close to the sun of the Christian religion, the secular, liberal, democratic order would instantly melt your wax wings. Accordingly, every punch was pulled by culture warriors. “We cannot appeal to what God said, that, uh, violates separation of church and state or something.” Rather than thundering, “thus saith the Lord!” the first-generation culture warrior sheepishly squeaked out boilerplate about vague moral values.
The new generation of culture warrior is not like this. The previous generation was mortified to even be called a “culture warrior.” To them it was an insult. To the next generation, it is a badge of honor. They are proud to be fighting demon spawn who murder and mutilate and sexualize children. What could be a greater honor? And that is just it, unlike the previous generation, the new culture warriors actually fight. The first iteration of culture warriors were happy just to get milquetoast GOP automatons like the Bushes or Romneys to blithely repeat boilerplate “values” and counted it as a great victory if these men who could not care less about the yearly million murdered babies to say they were “pro-life.”
The GOP of the 90s and 00s was far more concerned with making sure the big line went up for the largest corporations and their biggest donors (especially by keeping wages down) than they were about the Middle American families of those they consider lumpenproles. There was no desire to ever follow through with promises.
2015-16 changed all of that. On the one hand, you had Negative World formally ushered in with the Obergefell ruling, which made a new approach an absolute necessity. On the other, you had a force of nature take over the GOP that, for the first time in decades, was clearly responsive to the desires of the GOP voter over and against the desires of the GOP donor. Though the man himself could not be further from a culture warrior or devout Christian, Donald Trump opened the door for the cultural warfare 2.0 we see today. No longer would GOP votes be as easily sated with boilerplate family values talking points and literally nothing more.
Now, GOP politicians, no matter how greasy and duplicitous, had to give the people what they wanted. You could see this transition take place in real time over the last few years. In 2021, the Arkansas legislature, already adapted to Negative World and Culture War 2.0, passed a bill similar to the stack of Christian Nationalist wins above. This bill would ban doctors from mutilating the breasts and genitals of minors in their state. Sleazebag then-Governor Asa Hutchinson (R-Walmart) vetoed this bill and had the temerity to go on Tucker Carlson’s show to give his rationale — that it wasn’t “Reaganite” and “limited government” to get between the decisions of doctors and parents and children.
The Arkansas Legislature, thanks be to God, overrode the veto of this snake. Hutchinson was playing the same game that GOP pols have for decades. Their attitude has always been, “We cannot do anything about that because of ‘limited government’ and the ‘free market.’” “If I just throw those meaningless buzzwords or name-drop Reagan and William F. Buckley, surely these toothless rubes will call off the dogs, while I do the bidding of Walmart and Tyson Foods.” That might have worked in 1996, but it doesn’t work anymore.
Men like Asa Hutchinson, who apparently is going to be running for President to remind everyone that fake presidential candidacies doomed to fail are a perfectly legal money-laundering scheme, are no longer tolerated on the right. This is, of course, very long overdue, but one must start somewhere. Yes, it would have been better if this dynamic had taken place 30 years ago and Pat Buchanan dominated the GOP as his successor Donald Trump has. But beggars cannot be choosers, and the Lord has finally blessed us with at least a few leaders willing to fight.
And that is the most important takeaway from the Christian Nationalist counter-offensive taking place. We are no longer satisfied with the supposed rightist party setting up tiny speedbumps to retard the leftwing cultural onslaught. We want to take back ground. And the rise of what the Regime’s corporate media labels “Christian Nationalism” is simply those people who have begun to see the lies of globalism, secularism, and liberal democracy. We have all been born into a thoroughly leftist world of individualism, egalitarianism, feminism, sexual anarchy, etc., and many of us only recently have discovered that not only is there another way to live, but that other way is also the way God intended human beings to live.
He wants us to have families, to raise children in security and safety, and to have a heritage we receive from our ancestors and one we will leave to our descendants. And this realization has caused many to reject the untouchable sacred cows of our society. What good is democracy if the people who rule over us just cheat if we vote for what they don’t want? What good is some ethereal principle like “limited government” when there are people who can and will take your sons away and castrate them? The hour is later than you think. Many are becoming desperate for power to finally be exercised against our enemies. And God is finally giving us men who would wield the sword. May their tribe increase.
Neil Oliver ‘MASS DISTRACTION!’
Monday, 13 March 2023
THOUSANDS Will Be JAILED For This - John MacArthur on Thought Crime
The Financial System is in Big Trouble.
Ignore the Bounce, the Financial System is in Big Trouble.
By Graham Summers, MBA
Stocks are bouncing this morning on announcements that the Feds will backstop ALL of the deposits at the now bankrupt Silicon Valley Financial Group (SIVB) AKA Silicon Valley bank.
This is a massive mistake. The banking system is in serious trouble and it is not clear that the $25 billion bailout the Feds crafted will be enough to deal with fallout.
One other bank (Signature) has already been closed, while most of the regional banks in California have seen their stocks halted.
What’s causing all of this?
Two things:
1) For the first time in 15 years, depositors can earn 4% or 5% in yield.
2) Banks are up to the eyeballs in garbage loans made during the pandemic.
Regarding #1, most banks are now paying out something like 0.05% or lower on deposits. Meanwhile, money market accounts and short-term T-bills are paying 4% of 5%.
As a result of this depositors are pulling money out of banks. And because the banks have to maintain leverage ratios based on capital requirements, the banks are being forced to sell assets (deleverage).
We are not talking about a small amount of money either. There is $5.5 trillion in deposits in small/ regional banks in the U.S.
This brings us to #2.
SIVB went bananas with its lending following the pandemic courtesy of all the bail-out/ stimulus money. SIVB was the bank for (h/t DiscloseTV):
1) Some 1,500 climate and energy-tech companies.
2) More than 60% of all community-based solar financing.
3) Countless “woke” programs that financed politically-tied entities/ startups.
Look, a bank can lend money to whoever it likes… but when you throw lending standards out the window and start loaning money based solely on political ideology (as opposed to whether or not the person/ business could ever pay you back) it’s a recipe for disaster.
By doing this, SIVB went from the 42nd largest bank to the 15th largest bank in the U.S. in the span of THREE YEARS. The chart below is not of a tech start-up or micro-cap… it’s that of a BANK. Yes, it went from $150 per share to $750 per share in less than two years.
Which brings us to today.
SIVB is NOT the only bank with these problems, just as Bear Stearns wasn’t the only bank with exposure to subprime mortgage loans in 2008. There is no easy way out of this mess.
Remember, there are over $5.5 TRILLION in deposits sitting in regional banks in the U.S. The Fed thinks that a $25 billion bailout fund will be enough to prop up the banks as a major percentage of this leaves to seek higher yields.
Good luck with that!
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