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Top 25 US banks lose $89.7B after withdrawals surge following collapse of SVB and Signature Bank

April 04, 2023 -

According to a report by the Epoch Times, the top 25 U.S. banks lost $89.7 billion in the week ending March 22. These financial institutions received a $67 billion increase in deposits the week before that, but are now down by $22.7 billion since the collapse of SVB.

Peter Earle, an economist at the American Institute for Economic Research, told the independent news outlet that the "recent failure of SVB and Signature Bank, as well as worries about the rest of the banking ...

Australia launches CBDC test program, complete with carbon credit trading

April 11, 2023 -

The Australian and New Zealand Banking Group (ANZ) reportedly partnered with Grollo Carbon Ventures (GCV) to launch the trading of so-called Australian Carbon Credit Units (ACCUs), which are tokens backed by "nature-based and real-world assets," according to Reclaim the Net.

There is already a "stablecoin" called A$DC that is paired with these ACCUs, which GCV can now purchase with real-time settlement through ANZ's smart contracts scheme.

A formal ...

STUPID: In order to meet demand for “clean” electric vehicles, China will be forced to burn more COAL

May 03, 2023 -

Just as we have been warning would be the case, the transition from gas-powered cars to EVs will only place increasingly more strain on the electricity grid, which is still primarily fed using coal, gas, and oil.

In order to power all these new "clean" EVs roaming the streets, more earth-based fuels must be burned at power plants, which means there is absolutely nothing "green" about any of this.

"Power shortages are likely to reemerge as the acceleration in the energy ...

China says massive dollar DUMP on the way, prepare for yuan buying spree

October 04, 2022 -

All major state-run banks in China have been told to prepare for this coming event, which will aim to hike up the failing yuan, which fell 0.9 percent to 7.1340 against the dollar this week – its worst annual decline since 1994.

So far this year, the yuan has lost 11 percent of its value, while the U.S. dollar has reached 20-year highs due to "hawkish" policies from the Federal Reserve. (Related: America's fiat money system is nothing more than a Ponzi scheme that benefits ...

CASHLESS DOWN UNDER: Australia gears up for CBDC rollout, with major banks banning OTC cash withdrawals

a month ago -

The Daily Mail named the four banks as National Australia Bank, Commonwealth Bank, ANZ and Westpac. While "special centers" will be designated to accommodate "more complex banking needs including cash," the overarching objective is to gradually eliminate paper money altogether. This, in turn, would nudge the public toward a fully digital monetary system.

The Australian government, in partnership with the Reserve Bank of Australia (RBA), has undertaken a comprehensive ...

Transgender mafia now demanding reparations as if they were slaves

June 09, 2022 -

Australia's second-largest bank by assets with more than 40,000 employees worldwide, ANZ wants "any aspect of gender affirmation including social, medical, and legal gender affirmation" to be covered with special benefits that employees who accept their natural biology will not receive.

Fiona MacDonald, ANZ's "Diversity and Inclusion Lead," says the scheme was cooked up as part of the bank's ongoing commitment to supporting the LGBTQ movement. The new ...

Coronavirus lockdowns used to justify Australia’s big four banks shutting down branches and remove ATMs

August 20, 2020 -

At least 2,150 terminals have been removed in the recent June quarter alone. This has brought the number of ATM terminals across the country to just 25,720 – their lowest level in 12 years – according to the Australian Payments Network.

According to Tony Richards, head of payments policy at the Reserve Bank of Australia, most of the ATM closures were in metropolitan areas, in locations such as shopping centers.

In addition, Australia’s “Big Four” banks – ANZ, ...

What’s going on? Banks around the world experiencing power outages, leaving millions of customers stranded from their cash, assets

October 04, 2021 -

According to a report by Naked Capitalism, 20 banks in six countries -- one of which is on COVID lockdown -- on five continents recently experienced these DDOS attacks, and collectively, millions of bank customers have been affected.

"There’s never a good time for your bank’s IT system to go down. But few can be worse than in the middle of a lockdown. It’s difficult to leave home, your local branch may not be open, and as a result you are more reliant than ever on digital ...

The Cook Islands has no coronavirus cases – and no source of income

July 06, 2020 -

But being one of the few countries without COVID-19 can come with a heavy toll. With the country barring international travel, residents have not been spared from the economic onslaught of the pandemic.

Almost all 15 islands comprising the Cooks are wholly dependent on tourism. Without people flying in, business owners are growing increasingly concerned that they may not be able to survive the lockdown. A recent survey by the Private Sector Taskforce revealed that more ...

China stocks on a DOWNHILL trend as COVID cases rise

March 16, 2022 -

Shares of e-commerce company Alibaba fell as much as 10 percent on March 14, continuing to a 23 percent decline in just a three-day period. The firm established by Jack Ma, alongside the broader technology industry in China, has come under scrutiny from the central government in Beijing for some time now.

Tencent shares also experienced a downturn, falling as much as eight percent on March 14. According to the Wall Street Journal, the Chinese technology giant could face ...

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