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  1. “Like a Roach Motel”

    OMG, Titus has a way of extemporaneously naming things that is extraordinary. Instead of using the term “brainwashed” I’m going to say they entered the Roach Motel. Unfortunately this includes friends and family, but that’s how I know Titus is right in saying “they’re not coming back out.”

  2. Dear Catherine, I am wondering if there are Solari circles in the UK, Scotland in particular. One of my new years resolutions was to get off a big bank and put my money into a small cooperative here in Scotland, I am simply unable to trust any entity now! I am looking for trustworthy groups/individuals with integrity for sharing ideas/topics, etc. Solari subscribers would be a good place in my view. I have a lot of catching up to do as I was taking a digital break but money and markets is hard to stay away from for too long! Have a good week and hope you are well. Regards – Rekha

  3. Hi Catherine,

    I agree that the Rijksmuseum is a must see! I can still see The Night Watch scene in my mind after 25+ years. Great museum and great Indonesian food at the bar across the street!

  4. Howdy Catherine and Carolyn,

    In regards to how the Solari member felt about if you are not Christian conservative you are excluded. I think what the member is describing is probably little things here and there in terms of comments that have been made by Solari members who take a more fundamentalist view of the world.

    So it does exist, I simply have taken certain administrative approaches as someone with a profile so I do not have to view these fundamentalist comments because I personally do not have time for it and this is coming from someone that was banned by a guy who is no longer a subscriber I believe and he chose to ban me from a group that I helped him figure out how to start and he and others would troll me as me being demonic because I shared some deep rabbit hole views about religion and history on the planet, nothing you would not read in a David Icke book, by the way, but he felt I was expressing demonic views and it was okay to ban me from a group I helped him start. Let me just say, it was the most trying experience I have had here at Solari, right up there with people who are banned on facebook. Just because Jordan Peterson and I can take a punch, doesn’t mean we enjoy it. I do tip my hat to your no censoring of others policy, I guess the price of liberty sometimes mean I have to be banned and trolled by fellow Solarians because they are bothered by a point of view I share and I may often share various points of view as I like to keep an open mind about things, for example, like perhaps, the South was right and the North was wrong. I encourage anyone to read that book, its an actual book called The South Was Right.

    Anyway, I believe this Solarian that commented about this behavior on your Ask Catherine was probably referring to the beating I have taken for expressing alternative views on Solari. I guess I should apologize for assuming we were here to learn from each other. Anyway, just saying that is what I believe the Solarian was referring to.

    1. Daniel:

      Sorry, I am not buying it. You did not get on with someone. That is between you and them. Don’t make generalities out of it. If you try I am going to request that you send facts, evidence and specifics to me through customer service.

      I encourage good manners, but I don’t require people to like each other or agree with each other. Given how thoughtful and generous most people who subscribe (They are not members of a blob called Solarians – they are unique individuals with personal names), I just don’t believe you unless you send hard evidence of bad manners or inappropriate behavior by a specific individual with a name.

      Catherine

      1. Daniel:

        OK, spoke with the Solari Connect team. The North Texas Connect Group had a leader who started to behave in inappropriate ways – deleting content. He was removed from leadership and Connect and his subscription cancelled. I assume that is the person who was giving you and us both a hard time. One of our team took over the leadership – and he is one of the greatest people I know on the planet. So you are now quite lucky in North Texas.

        Catherine

  7. Hi Catherine

    Thanks, as always, for all you do.

    In the latest M&M with JT, (March 16/23) you mentioned vaccines and that you (paraphrase) “don’t believe there is any such thing as a good vaccine”.

    I agree; wholeheartedly.

    I felt Dr Lee Merrit said it best when she termed the last C19 mRNA jabs a “Binary Poison”.
    She explained that this was a term used in Military Operations when they planned on poisoning someone and the poisoning had enough delay to call into question the “source”.

    I believe ALL vaccines are a “Binary Poison” used to cause [short, medium and long term] illness and death.

    It fits the “De-Population Agenda” and tandems as an “Annuity Policy” for Big Pharma as they [literally] “Profit you to Death”.

    Again, thanks for all you do.

  8. Saw an interesting article on lewrockwell that asserts that SVB was laundering cartel money, and that the takedown was essentially a cover-up and asset restructuring to hide the extent of corruption.

  9. Please tell me where I find the list for trustworthy Depositories Golds + Silver?
    Thank you!

  10. C A F. Royce White is interested in interviewing u for his “call me crazy” podcast

  11. I had been wondering for a long time why can’t a bank just make the fees high enough that they can just hold the money without lending it back out. I was listening to a video by Peter Schiff a few days ago and he said he had two banks that did just that. They kept all the money in the bank. The Feds came and shut the bank down. So I guess the feds will not allow a bank to hold all of the deposits in the bank.

  12. Your comments about the vaccination cultural trance are spot on, and I also believe in the death penalty for the vaccine industry. I am often asked about finding “good doctors”or Primary Care Physcians.

    I explain that none are worth using due to the risk of murder in a hospital event. There are a lot of naturopaths in Asheville, NC who are not in hiding.

  13. 1) I want to know how I can opt out of FedNow if my social security check is forced to pass through it – on the way to CBDC.

    2) Screaming (even nicely) at Congress about anything… is a very mixed bag. My US House Representative Patrick McHenry (10th District, Chairman of the House Financial Services Committee) has declared himself free of Rutherford County, NC representation via voicemail greeting.

    I have asked 5+ times via e-form, voice mail, calls to DC and Hickory, NC that this ‘targeted mis-information” directed at the voters in Rutherford County be removed from Mr. McHenry’s voicemail. Crickets. When a member of congress stoops this low to stop the flow of information from his constituents…

    So, now I’ll do ethics complaints. I’ve already contacted the state general assembly website where he is listed as my representative. Two of the three US Congressional Ethics organizations will be next.

    What a waste of time – and I wouldn’t bother except that I am on a campaign to get the people of Rutherford County, NC to understand, and contact, and eventually participate in re-calls of their political representation.

    1. Grayson, I live in Guilford Co. NC and am wondering the same. Do you know where I can find out what is proposed in the state general assembly relative to FedNow. I have seen a little about FedNow as opposed to, or is it on the way to CBDC, but do not know how it will work. If SS payments are forced into this some very hard decisions will have to be made.

  14. “they” want to get rid of any smaller corporate structures (including banks, and including those who served their purpose) and concentrate everything into large corps, for an ultimate goal of total control, control grid, CBDC, UBI, sanitary control etc.

    1. It’s by my beloved late teacher, Randolph Hokanson , who passed away at age 103 in 2018 and did a recital on his 103rd birthday.
      I was thrilled when I discovered from a fellow musician that Solari was using some of his Bach recordings

  17. This has been one of my favorite discussions. I’ve been following these trends for a very long time but couldn’t manage to tie all the interconnecting line’s together. I feel satisfied to see how close I was. I also share my learning with many so thank you. Every time I had a question, you answered it on all the topics involved. Nice!

  18. 03/18/23 And last night Reese Report’s latest podcast said that the Tri-Lateral Commission has announced at it’s latest confab that it is now in charge of everything…

    …and then today I see from Fox News that the Trump will be arrested next week?

    It is all just getting so obvious.

  19. Circa 1975, Cheech and Chong had a skit that contained the following quote, “Ahh, repression, recession, it, it’s all the same thing!” Prophetic words, when you consider that once again, all the world economy is being strangled in order to repress what would be an emerging sense of freedom, self, and sovereignty. If we do not continue to free the information that will allow people to free themselves from the informational jails they have constructed for their groups, we will surely be repressed until evil is exhausted. If it is true, that Satan never sleeps, then it is also true that he is never exhausted, so pay attention.

  22. In addition to shifting and altering banking and money toward Centralization, there is another back door way local control is being eroded. This will be done under the guise of more State control over local control for “climate” or “housing equity” reasons relative to the construction of housing. What needs to be remembered is that States accept Federal funding and then must conform to Fed guidelines relative to construction when funded completely or partially by the Feds. We have fought this locally where I live. It’s a hard fight and gonna get harder. The upshot is the destruction of local zoning laws. Frankly, it’s already begun. Go to your City Council or County Board of Supervisor meetings folks, or get online with their websites and listen to their meetings or read their meeting minutes to be apprised of what’s happening to local density guidelines and zoning laws and then write letters!!!
    https://www.aol.com/holy-war-sprawl-states-seek-090100420.html?guccounter=1&guce_referrer=aHR0cHM6Ly9zZWFyY2gueWFob28uY29tLw&guce_referrer_sig=AQAAANmdFToRLZarUTYCS0HolhSdMXQ4aTXdWGXBkgtJHIps9_yqqQT8FnxwHg8ErB68gFOwZ0z0sSzn3O8EXzjK_Vrtxo8p-3eZrUWMWs2LbcjEbuwcxlakTfFceXC2qsg-ZcdI0sn_lPJmp8bDir4A9knWrXDBIq-Nnzrr7EggCe17

  23. I thought they increased ss payments by 9% as an inflation adj. Also, biden enticed people to not work by paying them to stay home. Now that the jobs are drying up the white house cuts their money. Interesting timing.

  25. My colloquial etymology of the expression “barnburner” derives from basketball games that are extremely competitive. Inasmuch as basketball had to be played in barn – like buildings, later, called gymnasiums, or arenas, a barn burner would be a game that was very hot, even smoking. There were many barn burners at The Palestra over the years.

    When we talk about the apparent coalition of China and Russia, we must consider that they are each opposite to what you have called Mr. Global over the years. As is evident from the restraint with which Russia conducts the Ukraine war, it does not intend to lay waste to the country in any meaningful way- it means instead to have a pacified neighbor which would be a buffer to NATO. Similarly, China and Russia would not want to excessively cripple the US, instead hoping to curtail our endless molestation of countries the world over, while retaining the useful aspects of our empire, particularly in respect to naval policing of the high seas. We should be clear that they DO know who Mr. Global is and that he is thoroughly infiltrated into Washington, the Pentagon and many US state and local governments. We must also further note that hawkish calls for the personal demise of Vladimir Putin will make the ultimate and inevitable negotiations extremely awkward.

  27. John Titus: which browser extension are you using for highlighting, which does not work with Substack? In theory, Firefox’s “Reader View” should be plain text and compatible with manual text selection.

    1. For Money and Markets, I use Brave, and the extension is Weava.
      In Firefox’s “Reader View,” can I highlight multiple passages on a single page and come back to them later–after I’ve clicked off the page and into, say, another application? I could never get that to work.

    1. Not what it seems. Not good news The one party pushing for fundamental change, lost 10 of their 12 seats.

      2. Agree with you 100% Catherine as it is another example of “twining”. Using BBB may stand for Build Back Better.

  30. Listen to what John said about the UCC change proposals. Change in state commercial statutes has no effect whatsoever on whether CBDC is money or not money. UCC-based state commercial statutes deal with transfer of, security interests in and other matters dealing with transactions in assets. The ABA committee that adopted changes to the uniform code (which states can adopt or not) says CBDC was recognized in a previous version — not the 2022 changes. I, frankly, have not mastered UCC in the last 30 years since I was in law school, if I ever fully mastered it, so I cannot say from the proposed changes in state law (which involve adoption of the uniform code changes from 2022) what exactly is the practical, on-the-ground effect would be to the ordinary person or, for that matter, on businesses, including banks, that deal in intangible assets. The effect MIGHT be just making clear how to transfer crypto, CBDC and other intangible assets not previously addressed. If that is the case, it is a good thing to provide certainty in business transactions. All of the summaries I have found so far do not address what the bottom-line practical effects would be, particularly on other parts of state laws (i.e., non-UCC/commercial statute matters). If anyone has found such an explanation, please let me know!

    1. The UCC changes seem to be concerned with liens and perfection of collateral, and may be more about digital blockchains being used to control physical (including human?) assets than “currency”.
      https://www.wolterskluwer.com/en/expert-insights/perfecting-a-security-interest-in-digital-assets
      https://www.mayerbrown.com/en/perspectives-events/publications/2021/08/virtual-currencies-and-other-digital-assets-under-the-ucc
      https://bracewell.com/insights/new-ucc-article-12-foreseeable-issues-using-cryptocurrencies-and-nfts-collateral

      Lastly, a lender can perfect its security interest by control by obtaining the private key of a borrower’s wallet account. A private key is a key tool in blockchain technology and “gives you the ability to prove ownership or spend the funds associated with your public address.”7 While it’s a key tool that ultimately governs crypto transactions on a blockchain platform, a private key can pose risks to both lenders and borrowers in a secured transaction. From the lender’s perspective, the borrower might provide wrong information, so it would be safer to have a certain “transfer” element (as the above two options would provide) in the control process. From the borrower’s perspective, sharing information about the private key gives a lender or any third party a de facto ownership of its crypto account, so the crypto assets in that account might be used in a way not intended by the borrower. Also, for both, the private key information might be stolen during the transaction, which puts both at risk of losing the crypto assets used as collateral. Because of these potential risks, borrowers and lenders should be cautious about perfecting security interest by sharing private keys.

      A bit like SVB and other banks giving loans and requiring the funds to be deposited at the bank which issued the loan?

    2. https://www.natlawreview.com/article/new-ucc-article-12-matters-to-more-just-cryptocurrency

      Many of the provisions which would be added by the 2022 Amendments with respect to CERs, controllable accounts and controllable payment intangibles are intentionally vague. The drafters were candid that they intend Article 12 and related provisions to breathe and grow with changes in technology. But the open-endedness of the language may put lawyers and market participants under an unfamiliar burden of looking inside the workings of computers and software.

      … In old-fashioned, familiar control provisions in the existing UCC, such as control by possession or by entering a control agreement, the tests are determinable with familiar tools that lawyers and businesspeople have directly at their disposal: they can determine if a physical instrument is in possession by reference to the instrument’s reality in the physical universe; and they can tell if a control agreement meets the requirements of control by reading it. When the control characteristics are embedded in lines of computer code, how will lawyers and businesspeople assure themselves that the technology, in fact, satisfies the legal tests?

      Short of all lawyers going to computer coding boot camp, it would seem that the changes wrought by Article 12 may necessitate significant reliance on the work of technology consultants who do know how computers and software engineering works − but who may not themselves be lawyers or sensitive to the legal and commercial aspects of the transactions that their work may impact. Lawyers who have rendered or received complex reasoned legal opinions for electronic chattel paper might wonder if similar complexity will be required now for what has previously been a simple and straightforward legal opinion: a filing perfection opinion on accounts.

      Electronic Chattel Paper?
      https://www.wordnik.com/words/chattel

      1. An article of movable personal property.
      2. A slave.
      3. Property; wealth; goods; stock. See cattle

    3. Good points. My understanding is that the Uniform Law Commission, in Chicago, wrote this in July, 2022. The amendment contains significant changes to definitions, plus, new provisions about “controllable electronic records,” and a new chapter 12. These changes and additions are being made to Article 4, Bank Deposits and Collections. I believe legal scholars and others working with commercial transactions should have more time to study and comment on these changes to the UCC before state legislators are asked to pass legislation. Most of them have no idea what they’re voting for.

  31. Thank you both – and the team – as ever.
    It was clear by March last year that the fallout from the C19 injections might destroy trust in all vaccines, and we’re seeing that play out. But the biotech mob have another Achilles heel: they need lab rats, and numbers are dwindling. There were a few articles on this in the UK last month, perhaps a canary in the coalmine, but the story has been smothered. Might be one to keep an eye on, if only as legislation is drafted to avoid a crunch, legitimising operating “at the speed of science”…
    https://www.theguardian.com/science/2023/feb/27/patients-losing-out-amid-slump-in-nhs-clinical-trials-warn-top-clinicians?trk=public_post_comment-text

    1. Haha!

      I had to go to the site to see if you were referring to four legged or two legged rats.

  34. The Jan 6 narrative may have fallen apart, but none of the perpetrators will face punishment or pay reparations, and the vote results will never be rectified. they won.

    The same goes for the “vaccine” kill shot. None of the people pulling the strings or lending big names to the operation will be punished. they too have won.

    While cases go to court, the criminals and their operations continue to harm and kill people and economies. There will be no punishment for the leaders, only suffering for the little people.

  36. Catherine,

    Did you catch Amazing Polly’s research on the banks and their ties to Jeffrey Epstein? 10 banks were being sued by the prosecutor in the Virgin Islands…that is until the President went to the Virgin Islands over Christmas and the prosecutor was fired. I believe a similar incident occurred in Ukraine with a prosecutor also. It’s an interesting piece of research, I’m sure you will understand the banking ties much better than I.

    Carol from WV

  37. Hi Catherine, I’m a new subscriber so don’t know if you’ve already shared your thoughts on using a local, member-owned, credit union versus a bank. Can you share your views on this topic (or point me to a resource that you find worthy of contemplation)? Thank you!

    1. You want good governance and management. A good economic base in the loan business and well managed loans and capital structure. Could be a bank or a credit union. I always look for the best governance and management. If I had two institutions equivalent, I would go for the bank if I like the owners and how they were reinvesting or using their wealth. But the reality is you want the best governance and management.

  38. Thank you , Catherine & John, for adding a few more angles to my evolving speculation re: the SVB story, that began with the unanswered question of “What do JPM Chase, Charles Schwab, Wells Fargo and SVB have in common?”…All were named in a Jeffrey Epstein lawsuit filed by US Atty Denise George in the US Virgin Islands back in July 2020. After winning two cases for USVA regarding Epstein, Atty George filed a lawsuit vs. JPM for dealings with Epstein in late Dec 2022. She was fired Jan 1, 2023. However, Jamie Dimon/JPM was court ordered to turn over Epstein records on March 9…do you think it’s a coincidence that the banks listed above were all in the ‘bank crisis’ headlines on March 10th? Could this line of inquiry be the story behind the all ‘politics’? Whitney Webb’s ‘Blackmail’ book got me thinking along these lines, but many details were provided by a great report by Amazing Polly who connected many more dots…here’s the link to her revelations…Enjoy! https://www.bitchute.com/video/jxSDqdA2MUB7/

  39. I knew why the Jan 6th fiasco was about when it happened. Prevent Trump’s lawyers from presenting their case for 2020 election theft.
    Obvious to anyone who was paying attention.

  40. In my opinion, the SVB FASBY play or that slips through is that the digital or silicon valley IP that resides in the holdings or companies that SVB funded can now be “off ledger”, due to FASBY. This IP can then be used for the global play that drove FASBY’s creation because it is no longer owned by SVB bankers, instead it is now owned by the FASBY creators with the global agenda.

    1. Great point Joanne. It’s not that the assets went away from SVB, it’s that they are being taken and will be under different control. I totally agree with you.

  42. I want to live also Miss Catherine, wife 4 jabbed, just got over the big V, nope I did not catch it nor have I had it. I keep a healthy gut microbiome, ferments every day and I did take ivermectin for the week as a back up, I also have high Vit D levels, over 100. And to be clear zero jab for me. You and Mr John rock, sure looks like so many things say war is coming to cover up so very much. Next few months into fall will be critical. Might get wild next week if Fed raises rates.

    1. That’s it. Thank you! I have copied it and saved it as a text file on an external hard drive.

  45. I think this may be the most eagerly awaited M&M ever. Certainly since I’ve been a member (~3 years).

  46. Catherine,
    do you have any thoughts on Credit Suisse? Somehow, I have the feeling there is a coordinated effort taking place to take down parts of the financial system. How could this be connected to the current battle of Bakhmut (Artjomowsk) in Ukraine? This battle seems to be one of the major turning points in the Ukraine war. What are the money guys trying to achieve? The (accidental) timing is just striking. Thanks Christian

    1. Financial Canibalism. The centralizers are trying to canibalize deposts back to the center. Will make it easier to do CBDCs. Shut down small business and small banks.

  48. Catherine, space is the next metaverse frontier for our survival. This is the idea that is being presented to us. As such, the need for an “all digital.”

    There is a fantastic book I recommend to read called “Off-Earth” 2017 by Nesvold, the author is an astrophysicist who worked at NASA. It goes in detail to describe the process of the settlement.
     
    “”Nesvold elucidates numerous ways space settlement can repeat the mistakes of colonialism, labor exploitation primary among them.The financiers who funded and often profited from colonial enterprises were usually not the laborers who went to the new territories to build the colony and its infrastructure (except when they were; that’s what happened at Jamestown). In the 18th and early 19th centuries, indentured servants alighting on America’s shores had already traded their unpaid labor upon arrival for the cost of their passage. These vulnerable workers, far from home in a trying new environment, were at their employers’ mercy.””
     
    Read about:
    https://arstechnica.com/science/2023/03/are-we-ethically-ready-to-set-up-shop-in-space/

    She also have a fantastic podcast called “Making New Worlds” — highly recommended. https://makingnewworlds.com/
     

  49. Posted by one of Joseph’s Giza Death Star members. Worth consideration: https://forum.gizadeathstar.com/t/mike-gill-new-hampshire-drug-cartel-and-svb/12758

    Mike Gill- New Hampshire Drug Cartel and SVB. 1500 Israeli start-ups evaporated. Someone is fighting back and utilized the US-FED and SOFR de-dollarization mechanism to drive a wedge between the US dollar market and the international drug laundering networks operated by East India/Davos/Rothschild-Kissinger/Israeli Likud/US Neocon set.

    Also herehttps://www.youtube.com/watch?v=X-BBQ9gHoFQ

    Not sure what to make of it myself but helps explain what I’ve been seeing with drugs and NH via a different line of work

  51. I live in Edmonton, Alberta. This weekend there were several shooting incidents. Normally, shootings are exceedingly rare. Interestingly: the Province is pushing back against Ottawa about gun control.

    1. Sandra,
      I saw that too! I just love Dr Sam. I hope to someday have her on The Health Series! It’s so great that chelation is being utilized by so many, it’s very important. Funny enough,I just completed an interview this morning about Mercury and Lead Chelation with Jan Martin, Author of the book Fight Autism and Win. The method is somewhat different than Dr Wojcik spoke of, but to each his own. I think it will be very informative. Even though I have successfully chelated my son, myself and taught others for over a decade now, I still learned more today! Not sure when it will publish… You always have the best links and comments, let me know what you think when it comes out!
      Have a great weekend, Jen

    1. Seems rollout of calendars is being accelerated to mask atrocities. Expecting “the alien” on the white lawn pretty soon! Thank you Marlene, this video was very clarifying.

      1. They’ll need a mothership or two of aliens to cover the news as more truth and details about the vaccine injuries hit mainstream.

    2. Indeed. Never seen the “Health Minister” so wide-eyed and switched-on. Looks like someone sat him down and said “This better be really really good”. Unfortunately he’s still claiming less than 1 in 10,000 serious adverse effects (which even the trials shows is nonsense), and he was all over the news last Friday with this plans for digital health pass, and the press are completely supine. Oh, and he wants to start an institute to look into vaccine injuries. (I can hear Catherine laughing loudly at that idea).
      Some nice person did a translation and comment:
      https://www.eugyppius.com/p/karl-lauterbach-in-substantial-reversal

      1. That’s not all: someone picked up on and did a 5-part report on Lauterbach’s (probably) faked CV (and more) and the story even made it to “Die Welt” (approx 1 day before the ZDF interview of Lauterbach, oh and 2 days earlier there was a 30 min report on “post-vacc” also by ZDF the public German broadcaster):
        https://www.hintergrund.de/autor/thomas-kubo/
        https://www.welt.de/politik/deutschland/plus244225919/Karl-Lauterbach-Der-dunkle-Fleck-in-seiner-Vergangenheit.html
        https://www.zdf.de/nachrichten/video/corona-impfung-nebenwirkungen-impfschaden-video-100.html

      2. Yes that emphasis on 1 in 10,000 is him trying very hard to cover this mess which is kind of impossible.
        I bet he is feeling some heat moving into ‘chew toy’ territory now!

      1. https://twitter.com/popjump/status/1635092761132269569

        With the backstop in place this means the Fed can raise interest rates by 50bps without harming HTM assets, since they can be traded in *at par* if banks need liquidity. This enables the Fed to go higher for longer…

        https://twitter.com/paulomacro/status/1635107645907681281

        Big regional top 10ish will be fine. Problem is the public is only beginning to get hip to the fact that you can buy a money market fund easily for 4%, no load. Why park balances at 0? And so balances will continue to shift from bank deposits to MMFs until banks raise rates

        But since upside down banks can’t afford to jack deposit rates and now with “BTFD” Fed facilities they can borrow against HTM without having to sell and take a mark, they can meet depositor outflows but deposits will gradually drift over time to earn a yield.

        the ex-10 regionals have less HTM and more CRE, ie less collateral with which to tap the BTFD window. And yes I am using that BTFD acronym incorrectly on purpose.

  59. Another big bank down today. “Who’s your banker?”

    Does anyone know how long it takes to get your cash insurance payment if your bank (insured by FDIC or NCUA if credit union) goes belly up?

    Also, do they require you to present a current bank statement or do they take the bank’s ledgers as of the death date and start cutting checks from the government for your amount on deposit? Yet another reason to make sure you archive your bank statements.

    1. I asked a Morgan Stanley advisor today about how FDIC works. He gave me this and a 30 page document with more specifics. This image might be helpful to somebody so posting here. At least it gives you links to peruse should you want more information.

  60. This is a quote from the damage control communication email sent out by First Republic Bank to clients out West here as a result of it’s hit due to the antics at SVB. (Usual gang to the “rescue”.) Not sure what the new Bank Term Funding Program is about..??

    “The additional borrowing capacity from the Federal Reserve, continued access to funding through the Federal Home Loan Bank, and ability to access additional financing through JPMorgan Chase & Co. increases, diversifies, and further strengthens First Republic’s existing liquidity profile. The total available, unused liquidity to fund operations is now more than $70 billion. This excludes additional liquidity First Republic is eligible to receive under the new Bank Term Funding Program announced by the Federal Reserve today.
    Jim Herbert, Founder and Executive Chairman and Mike Roffler, CEO and President of First Republic Bank said, “First Republic’s capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks.”

    1. Overall in the US the banks hold $600+Bn in unrealised losses.
      Those will get transferred to the Fed’s balance sheet with the $600+Bn getting transferred into “money” in circulation, allegedly for one year. Then the liability will get rolled over.
      The big questions is : what will interest rates look like in a year’s time and after retail real estate and commercial real estate loan problems surface?
      The Fed did something very similar in 2008, when their balance sheet was much smaller.

      1. @richard lough did you watch Titus’ latest Best Evidence video too? It’s interesting when you consider the Fed is raising interest rates but isn’t entering the repo market (yet) this time around…that And the issue is 10x bigger than it was in 2008. ?

        1. One of the biggest reasons for a potential “train wreck”. Probably shouldn’t use that metaphor with all the literal train wrecks in the US lately….

  61. https://www.theblaze.com/op-ed/horowitz-south-dakota-and-other-red-states-are-about-to-ban-bitcoin-as-legal-money-cbdc

    Bills that contain this redefinition of money already passed the Kentucky Senate, the Montana Senate, the Indiana Senate, and the North Dakota House. They have breezed through the committees in every state they have been introduced. If this is not stopped, it will be the death of our freedom. Every Republican governor and legislator needs to be informed about these UCC changes and to oppose them until this provision is changed. Moreover, they need to go on offense and pass legislation explicitly promoting decentralization and prohibiting the implementation of a central bank digital currency. Time is of the essence. 

      1. Did you see the photo of the governor holding this huge veto stamp? It looked like a branding iron and left a huge red “veto” on the the paper. I had a good chuckle.

          1. I think word / awareness is spreading. I have heard of some SD legis. reps who have changed their mind(s), i.e. “who didn’t read the bill”….also Mark Crispin Miller wrote a good substack yesterday on CBDC’s, and got 200+ comments.

  62. https://www.msn.com/en-us/money/news/silicon-valley-bank-s-collapse-sends-shivers-through-china-startups/ar-AA18tlDO

    Chinese startups have long relied on SVB, which has forged ties with local government officials in Shanghai, for venture capital funds after traditional US banks turned them away. The Chinese government exerts strict controls over its currency and imposes restrictions on foreign investments — making SVB one of the few lenders willing to work with China-based startups seeking capital from offshore investors.

    https://www.svbsecurities.com/team/joseph-gentile/

    Joseph Gentile is the Chief Administrative Officer at SVB Securities. Prior to joining the firm in 2007, Mr. Gentile served as the CFO for Lehman Brothers’ Global Investment Bank where he directed the accounting and financial needs within the Fixed Income division.

    1. Thank you, Rich! That may explain why SVB was taken down. That’s my best guess now.

  63. Catherine,
    what’s your take on the current events around Silicon Valley Bank in California?
    Thanks Christian

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