'MAJOR BANK ALERT'-BIG BANK LIQUIDITY,WITH HEAVY DERIVATIVE DEBT LIABILITIES,ARE INDICATING AN ON GOING CRISIS,THAT ACCELERATED THIS WEEKEND DRAMATICALLY
FROM A LISTENER OF MINE:On another note, Chase Bank, I contract for a company out of Phoenix and they bank through Chase. I get bi monthly ACH deposits from them and all has been well for 4 years up until last month. There was no deposit for the last half of October. Chase claimed issues and I had to receive payment via Paypal 2 weeks late. Same thing again this week for my first half of the month deposit except I'm still not paid yet. I suggested to him that a Credit Union would be so much better but as you know many people can't hear or see!
FROM A FRIEND OF MINE WHO KNOWS WHAT GOES ON BEHIND THE SCENES:HELLO STEVE
I WILL BEGIN WITH ADDRESSING THE ISSUES WITH THE BANKS.
TO SAY IT BLUNTLY THE USA BANKS NEED NIGHTLY INJECTIONS OF ABOUT 150 BILLION PER NIGHT WHICH WAS DELAYED ON FRIDAY BECAUSE THE PRINTED CASH (, WHICH THE FED USES AS COLLATERAL) HAD NOT YET ARRIVED FROM THE MINT PRINTERS.BEGINNING THIS NEXT WEEK THE PRINTERS MUST FIND A WAY TO PRINT 300 B PER NIGHT TIMES 6 NIGHTS EACH WEEK.
THUS WE SEE THAT THE USA BANKING SYSTEM IS UNDER VERY HIGH STRESS DUE MOSTLY TO THE DEUTSCHE BANK MESS WHICH OTHER BANKS MUST COVER IN PART
LOT'S OF ANGER AND ANGST IN THE BANKING SYSTEM JUST NOW
REGARDING PAYPAL IT DEPENDS ON HOW MUCH LEVERAGE PAYPAL HAS WITH ITS PRIMARY Bank WHICH I BELIEVE IS A LOT. BUT AS A SELF PRESERVATION THING THEY MAY SLOW DOWN THE PAYMENT RELEASES AS WELL.------------- SQ-SUGGEST EVERYONE ,WHO CAN INCREASE THEIR CASH ON HAND DO SO AND SERIOUSLY QUIT ONLINE BANKING,IMAGINE THE ULTIMATE CYBER ATTACK,LOCKING YOU OUT OUT OF BEING ABLE TO WITHDRAW YOUR OWN MONEY OR ACCESS YOUR BROKERAGE ACCOUNTS.AS YOUR CREDIT CARDS ARE BLOCKED!,IN "THE SPOOK WORLD",OF INTELLIGENCE AGENCIES , IT'S CALLED A 'BURN NOTICE'!NOTE THE MAJORITY OF THE BANKS WHICH HAD THE ISSUES OVER THE WEEKEND,EXPERIENCED THE SAME PROBLEMSE,WHICH IN MY OPINION LIQUIDITY REQUIREMENTS AND BANKS ARE CLOSED THIS MONDAY-MY NEW SLOGAN IS 'CONVENIENCE KILLS. BUT DILIGENCE DELIVERS'MAKE THIS A MATTER OF PRAYER, SQ
Nov 10, 2019