In the News II

Quote: DoubleGold

An image of Commercial Bank Deposits (see below).

Check the history of previous lows on the chart.

This is significant but don't misinterpret the data.



When the coming bank crash occurs, they'll switch to CBDC (Central Bank Digital Currency).

It'll still be centralized currency and not decentralized (like Bitcoin), implying control.

A person's account will go directly on the Fed's Balance sheet.

There they can tie the account to carbon and other forms of control.



I'd look at Commercial Real Estate for crashing first (first Domino).



I'll post a few follow ups.

------------------------

https://imgur.com/mdrYrFn

-----------------------

that's a "percentage change in rate" chart ... not a chart showing amount of deposits

quite coincidentally, on my own before the recent panic, I started putting as much money as advisable not in banks but in SIPC insured cash accounts due to the insulting continued rates paid by banks on checking accounts, essentially zero% vs about 4% [I hate CDs which do pay similar]

I can get that money to a checking account in a couple of days due to recent changes in that

Quote: odiousgambit

that's a "percentage change in rate" chart ... not a chart showing amount of deposits

quite coincidentally, on my own before the recent panic, I started putting as much money as advisable not in banks but in SIPC insured cash accounts due to the insulting continued rates paid by banks on checking accounts, essentially zero% vs about 4% [I hate CDs which do pay similar]

I can get that money to a checking account in a couple of days due to recent changes in that

It's in a money market account.


One thing about money markets, is they can get super-high in balance like now (relatively speaking), that can be ammunition for the equity markets.

So it can be dangerous to establish a bearish position in equities.


So really have to be careful with scam stocks like DIS and BUD, etc.

It'd be better to hammer NVDA (PE = 155) because of their AI euphoria.


I am currently trying to establish a position in MCD (35 PE).

I like it bearish at $300.

Quote: odiousgambit

that's a "percentage change in rate" chart ... not a chart showing amount of deposits

quite coincidentally, on my own before the recent panic, I started putting as much money as advisable not in banks but in SIPC insured cash accounts due to the insulting continued rates paid by banks on checking accounts, essentially zero% vs about 4% [I hate CDs which do pay similar]

I can get that money to a checking account in a couple of days due to recent changes in that

I just moved some cash into an online bank that just does savings accounts and CD's. This particular bank is currently paying 4.65% on Savings accounts.

Quote: DRich

I just moved some cash into an online bank that just does savings accounts and CD's. This particular bank is currently paying 4.65% on Savings accounts.

every time I've looked into such at an online, it turns out to be a temporary rate, or hard to tell if it was. Obviously I can't comment on your particulars. That you did tons better than brick and mortar is a certainty though

seems to me brick and mortar has vowed to never pay well again, ever, for checking accounts. I am not at the point of saying I don't need them anymore

George is a little more advanced but he's a good teacher.

The first video discusses the Commercial Real Estate issue.

The second is about M2.

-------------------------

George Gammon

Apr 12, 2023

This $20 Trillion Asset Class Is Starting To Collapse

https://www.youtube.com/watch?v=QNnRkQOABG0

---------------------------

George Gammon

WARNING!! We Haven't Seen This Since The Great Depression

Apr 19, 2023

https://www.youtube.com/watch?v=ZaRxA7M4pXo

--------------------------

Adam Schiff's territory as he runs for Senate (where he resides).

It's good we have folks like Adam in the Senate (if he wins) because we couldn't see the corruption as easily.

Adam is much easier to see than Biden.

------------------------------

Burbank, California
.
.
.
Top employers
.
.
.
# Employer # of employees

1 Warner Bros. 4,000
2 The Walt Disney Company 3,800
3 Hollywood Burbank Airport 2,250
4 Providence Saint Joseph Medical Center 2,200
5 Burbank Unified School District 2,047
6 City of Burbank Government 1,500
7 American Broadcasting Company 1,160
8 Deluxe Entertainment Services Group 627
9 Nickelodeon Animation Studio 602
10 Entertainment Partners 587
.
.
.
https://en.wikipedia.org/wiki/Burbank,_California

Quote: odiousgambit

every time I've looked into such at an online, it turns out to be a temporary rate, or hard to tell if it was. Obviously I can't comment on your particulars. That you did tons better than brick and mortar is a certainty though

seems to me brick and mortar has vowed to never pay well again, ever, for checking accounts. I am not at the point of saying I don't need them anymore

I believe it is an adjustable rate but there is no minimum time requirement to keep the money in the account. If the rates go down much lower than I can find other places I will just move the money.

Quote: DoubleGold

An image of Commercial Bank Deposits (see below).


https://imgur.com/mdrYrFn

Bank deposits are at their lowest level since July 2021. That money is not going into money market accounts.

Total assets for money market funds, are also declining.

A lot of that money is being withdrawn by tapped out consumers to pay bills.

The compounded rate of inflation over the first three years of the Biden administration will be 19.7%, if the rate of inflation for 2023 comes in at only 5%.

3 and 6 month Treasuries, are currently the best play.

Quote: Tanko

Bank deposits are at their lowest level since July 2021. That money is not going into money market accounts.

Total assets for money market funds, are also declining.

A lot of that money is being withdrawn by tapped out consumers to pay bills.

The compounded rate of inflation over the first three years of the Biden administration will be 19.7%, if the rate of inflation for 2023 comes in at only 5%.

3 and 6 month Treasuries, are currently the best play.

It's the rate of change not absolute value.

Can drill down to a lower time frame (1Y) to see the inflection point about a year ago.

-------------------------

Retail Money Market Funds

Mar 28, 2023

https://fred.stlouisfed.org/series/WRMFNS

------------------------