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PULLING THE PLUG: Bank of America clients withdraw $2.3B from US securities, bank strategist says

April 16, 2023 -

BofA financial analysts led by Hall indicated that that was the second consecutive week of outflows, but they did not specify the reasons for the withdrawals.

However, data compiled by the bank showed clients sold both single stocks and exchange-traded funds (ETFs) for the second consecutive week while selling was broad-based across client groups, including institutions, hedge funds, retail and size segments.

The outflows come as uncertainty brews about the staying ...

Bank collapse contagion? Customers line up to take their money out of First Republic Bank

March 14, 2023 -

SVB's collapse has raised fears that First Republic could suffer a similar bank run that could lead to its own demise. Analysts have even pointed out the similarities between SVB and First Republic's estimated value of assets versus actual value. (Related: Silicon Valley Bank has now collapsed, and 95% of deposits were uninsured.)

This fear led to First Republic losing 33 percent of its value during the week SVB collapsed, and another 61.8 percent on Monday, March 13.

First ...

International Women of Courage Award goes to… a male

March 10, 2023 -

(Article by Ethel C. Fenig republished from AmericanThinker.com)

According to the official U.S. Department of State press release issued prior to the ceremony, the recipients are

Now in its 17th year, the Secretary of State's IWOC Award recognizes women from around the globe who have demonstrated exceptional courage, strength, and leadership in advocating for peace, justice, human rights, gender equity and equality, and the empowerment of women and girls, in all ...

Corrupt and failing cryptos birth bank runs and contagion in advance of US central bank digital currency

January 10, 2023 -

(Article by Stan Szymanski republished from EncouragingAngels.org)…’Genesis has spent the past several days seeking at least $1 billion in fresh capital, said the people, who asked not to be identified because discussions are private. That included talks over a potential investment from crypto exchange Binance, they said, but funding so far has failed to materialize.’…

And this is all after …’The crypto firm's lending arm, Genesis Global Capital, froze customer withdrawals ...

Controlled demolition of global finance system sees failing cryptos, bank runs and soon, the unveiling of Central Bank Digital Currencies (CBDC)

January 11, 2023 -

A couple months back, Genesis Trading announced that it needed at least a $1 billion cash infusion to avoid bankruptcy – this after it was determined that the company had $175 million tied up in an FTX trading account. Parent company DCG initially gave Genesis $140 million while talks surfaced of a possible investment from crypto exchange Binance – though nothing ever materialized on that front.

Meanwhile, Genesis Global Capital in November froze customer withdrawals ...

More bank failures coming? FDIC takes control of First Republic Bank after second-biggest collapse in nation’s history

May 01, 2023 -

The bank's collapse is the latest in a slew of other bank failures that began in March. Nevertheless, we're being told 'all is well' by the same government officials and politicians who assured us that nothing like this could happen again after major federal legislation was passed in the wake of the '08 near-collapse of the entire U.S. financial system.

Oh, and now, as then, banks are being propped up with your tax dollars, though JPMorgan Chase moved to purchase First Republic ...

Bank of America warns: Inflation genie is out of the bottle

September 30, 2022 -

"The inflation genie is out of the bottle," the bank wrote in a research note last week, emphasizing that it could be a long time before it "goes back inside the bottle" and everything comes back to normal.

BofA's team of analysts headed by Athanasios Vamvakidis found that in cases of inflation above five percent in advanced economies from the 1980s to 2000s, it took 10 years on average to bring inflation back down to two percent. "The consensus still expects G10 inflation ...

House committee subpoenas bank records of Hunter Biden’s associates

March 16, 2023 -

The move apparently alarmed House Democrats, who quickly came to the presidential son's defense. Rep. Jamie Raskin (D-Md.) accused Comer of blocking the committee's receipt of financial records subpoenaed from former President Donald Trump's accounting firm, Mazars USA.

"The committee simply cannot coordinate with former President Trump's attorneys to obstruct a lawful subpoena investigating his demonstrated corruption, then issue an invasive and overbroad subpoena based ...

Organized international crime syndicate suppressed the truth about dangers of covid “vaccines”

a month ago -

This is the claim of Sayer Ji, the founder of GreenMedInfo, which published a powerful exposé about the matter that traces everything back to London.

"As the world's premier English word merchants, they are quite adept at twisting the truth so that their stealthy disinfo, misinfo and false info campaigns are believed by many," reported the editors of State of the Nation (SOTN) about Ji's piece and the revelations it contains.

"However, the once covert UK network of ...

Bank of America: US unemployment will climb to 5.6% by end of 2023

September 30, 2022 -

A research note from BofA's U.S. economics team headed by chief economist Michael Gapen stated that higher interest rates will make "a harder landing" more possible. The bank had been predicting a five percent unemployment rate for 2023, so the revised prediction amounted to a 12 percent increase.

Unemployment was at 3.7 percent in August 2022, an increase of 0.2 points from July of the same year. Prior to that month, however, the unemployment rate had consistently ...

Euro bank chief admits central bank digital currency will be used to control populations

April 12, 2023 -

"A widely shared video of European Central Bank President Christine Lagarde admitting that a digital euro will be used in a 'limited' way to control the payments that people can make was taken from a three-week-old prank video," Coin Telegraph reported this week.

On April 6, the Watcher Guru breaking news account drew attention to the video, which then sparked a considerable amount of discussion on social media. In the footage, Lagarde expressed her desire to not be reliant ...

The most dangerous international treaty ever proposed

April 25, 2023 - Human history is a story of forgotten lessons. Despite the catastrophic collapse of European democracy in the 1930s, it appears that the tale of the twentieth century – in which citizens, cowed by existential threats, acquiesced in the rejection of liberty and truth in favour of obedience and propaganda, whilst allowing despotic leaders to seize ever more absolutist powers – is perilously close to being forgotten.

(Article by Molly Kingsley republished from Brownstone.org)

Nowhere ...

Former Zelensky backer charged over EMBEZZLEMENT of $250M from Ukrainian bank

11 days ago -

The National Anti-Corruption Bureau of Ukraine (NABU) charged oligarch Igor Kolomoysky with embezzlement on Sept. 7, alongside five other unnamed suspects. The businessman and his accomplices reportedly seized more than 9.2 billion Ukrainian hryvnias ($250 million) from the Ukrainian lender PrivatBank in 2015. The illegal seizures sought to finance his dealings and increase his share in the bank's authorized capital.

A NABU statement published on Telegram said Kolomoysy, ...

Chairman of failed Signature Bank led “know your pronouns” woke seminar

March 17, 2023 -

Chairman Scott Shay co-hosted a company event just last fall called "Know Your Pronouns" in which lower-level employees were browbeaten into adopting the use of made-up gender pronouns that affirm the delusions of the mentally ill – instead of learning how to properly run a bank so it avoids a collapse.

Video footage of the seminar, which up until today was publicly available on the Signature Bank YouTube page before it was taken private, depicted employees dressed up ...

Bank of Canada admits Trudeau’s climate change policies are fueling inflation

February 01, 2023 -

The central bank's researchers noted in their report, titled "The 2021-22 Surge in Inflation," that Trudeau's schemes for supporting the expanded use of renewable energy, including the carbon tax, have been raising costs for consumers for the past few years.

"The slowest but perhaps the most persistent trend is associated with the ongoing transition from fossil fuels to green energy," the bank's report stated. "The transition requires an immense reallocation of investments ...

Bank customers FURIOUS after HSBC announces closure of 114 UK branches

December 02, 2022 -

HSBC's recent announcement is just the latest in a series of bank closures that have occurred in the U.K. since 2020. Earlier this year, HSBC closed 69 branches across the country. Last year, HSBC closed 82 branches.

The bank closures are set to begin on April 18, 2023, with six branches set to close on that day. This whole process is expected to end Aug. 29, when the last three of the 114 banks will shut down. There are seven HSBC branches that will close but have ...

The international monetary system is on the verge of collapse… Here’s what comes next

October 03, 2022 -

(Article by Nick Giambruno republished from InternationalMan.com)

These are the recent words of Jerome Powell, the Chairman of the Federal Reserve.

It was a stunning admission from the one person with the most control over the US dollar—the world’s reserve currency.

Reading between the lines, Powell’s remarks are a strong hint that the current international monetary system based on the US dollar is on its way out… and soon.

Even the elites running ...

Bank of America de-banks conservative Christian charity that serves impoverished Ugandans

25 days ago -

Indigenous Advance Ministries (IAM), a Memphis-based non-profit organization that provides necessities to Ugandan orphans, reportedly lost it bank account at Bank of America, despite maintaining a business relationship since 2015.

The group touts pro-life and anti-LGBT messaging on its website, which is believed to be the impetus behind its targeting by Bank of America. IAM has since filed a complaint with the Tennessee Attorney General's office over concerns its bank account ...

Children now being denied bank accounts because of their parents’ political involvement

2 months ago -

What The Telegraph describes as "draconian money-laundering rules" require that politicians and their families agree to highly invasive "enhanced" checks by banks in order to qualify as customers.

The rule is up for debate with ministers calling on it to be scrapped. Members of Parliament like Lord Sharkey, a Liberal Democrat peer, say the rule is being used against he and his family with banks demanding personal financial information from his three children.

A former ...

Nonprofit warn: Brits’ food bank dependency goes beyond cost-of-living crisis

May 23, 2023 -

According to the latest report by non-profit food bank operator Trussell Trust, it gave out nearly three million emergency food parcels across the U.K. between 2022 and 2023. From the 1.35 million parcels reported in 2017 to 2018, this increased by 121 percent to a record 2.99 million.

Wales, North East and the East of England were the top three recipients of food parcels. The East Midlands, meanwhile, received the least number of food packages from Trussell Trust.

ZeroHedge's ...