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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, March 28, 2023

The entire western financial system is a grand CON



Based on the combination bail-in / bail-out that just took place on an emergency basis in Switzerland yesterday, we now know that the entire western financial system is a grand con. They will change the rules at any moment and steal your money, just like they did to Russia in 2022 by seizing $300+ billion in Russian deposits held at western central banks. 

Yesterday, as part of the panicked, illegal bailing out of Credit Suisse, they wiped out US$17 billion in AT1 (tier-1) bonds, leaving the bond holders high and dry.

As CNBC reports, “The $17 billion wipeout of Credit Suisse bondholders has not gone down well in Europe.”

One section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion) become worthless. The Swiss regulator FINMA announced Sunday that the so-called additional tier-one bonds, which are widely regarded as relatively risky investments, will be written to zero as part of the deal.

The message to the financial world is crystal clear: Your money isn’t safe in any western bank, not in Europe, America, Canada or anywhere.

Summary:

– The Credit Suisse BAIL IN wipes out $17 billion in bond value
– Swiss government liquidity adds BAIL OUT factor to UBS acquisition
– Global financial crisis began in crypto, moved to Silicon Valley and spread to Europe
– The entire western financial system is headed for catastrophe
– Janet Yellen says the government will CHOOSE which banks survive and which ones fail
Only the WOKE banks will be bailed out in order to keep WOKE startups alive
– Most SVB startups were focused on WOKE topics like climate change
– All deposits and financial instruments have counter party risk
– Only things you physically control have no counter party risk:
– Gold, silver, land, food, ammo, etc.
– Where to hide your gold with certainty that no one will mess with it
– As the collapse accelerates, people will become even MORE desperate
– As the banks fail, chaos will prevail

More . . . .


David Morgan (the Silver Guru) warns Mike Adams...


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