In the News II

Quote: DoubleGold

FRC no longer exists.

Second largest bank failure in history.

The Fed 'was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system'.

Responsibilities include:

'Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.'

They blew that one and caused the Great Depression sixteen year later.

First, Second and Third largest bank failures in US history in just the past two months.

'SVB’s collapse exposes the Fed’s massive failure to see the bank’s warning signs'

Purchasing Power of the Dollar, Since the Fed was created in 1913.

Looks like bank failures increased all through Reagan's 8 years right into Bush's first year. He certainly wasn't slowing down the process.

Quote: Tanko

The Fed 'was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system'.

Responsibilities include:

'Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.'

They blew that one and caused the Great Depression sixteen year later.

First, Second and Third largest bank failures in US history in just the past two months.

'SVB’s collapse exposes the Fed’s massive failure to see the bank’s warning signs'

Purchasing Power of the Dollar, Since the Fed was created in 1913.

Glass always half full for Tanko
Yawn
The Fed is independent of the political parties.
I don't always agree with the Fed but overall we have a safe and stable monetary system.

Quote: Tanko

The Fed 'was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system'.

Responsibilities include:

'Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.'

They blew that one and caused the Great Depression sixteen year later.

First, Second and Third largest bank failures in US history in just the past two months.

'SVB’s collapse exposes the Fed’s massive failure to see the bank’s warning signs'

Purchasing Power of the Dollar, Since the Fed was created in 1913.

Good post.

There are many sub-topics in there I could choose to add with.


I chose a Weekly KRE chart showing the S & P Regional Banking ETF (see below):


I'm showing the bearish Head and Shoulders formation, implying the regional bank fallout is likely not over.

The diagonal yellow line goes back to the Financial Crisis low and includes the Covid low (only two points) and represent strong support.

The blue horizontal lines are previous lows and represent strong support.

The financial crisis low is $14.42 per share (not shown), so all the supports I am showing could be broken to get to that low.


Current prices are on the left side of the image.

The image can be expanded by clicking on the image.


The takeaway: regional banks are likely not done yet and stay away from right shoulders.

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

https://imgur.com/UnXCTME

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

Book can be downloaded in pdf for free.


Select folks were aware of the intentional crash of 1929 and succeeding Great Depression.

After the drop to the lows, guess who stepped in to buy all the assets?

The select folks that were aware beforehand.

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

SECRETS OF THE FEDERAL RESERVE

The London Connection

By Eustace Mullins
.
.
.
Page 233:
.
.
.
The New York Federal Reserve Bank rate, which dictated the national
interest rate, went to six percent on November 1, 1929. After the
investors had been bankrupted, it dropped to one and one-half
percent on May 8, 1931. Congressman Wright Patman in "A Primer On
Money", says that the money supply decreased by eight billion dollars
from 1929 to 1933, causing 11,630 banks of the total of 26,401 in the
United States to go bankrupt and close their doors

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

It's an illusion to think we are in a red versus blue thing.

It's a 1% versus 99% thing.

Quote: DoubleGold

I'm showing the bearish Head and Shoulders formation, implying the regional bank fallout is likely not over.

Probably not. Especially with liquidity continuing to dry up.

'JPMorgan Chase, Officially the Riskiest Bank in the U.S., Is Allowed by Federal Regulators to Buy First Republic Bank'

Here's the federal data to prove it: Systemic Risk Indicators JPM $4.13 trillion

Biden's policies are finally coming home to roost. Not only did he throw mountains of money into the supply which is always inflationary but he insisted that inflation was only transitory. This denial of inflation caused everyone from owners taking floating mortgages, bank managers making making poor investment decisions to the Fed waiting way to long before starting to raise rates to make poor decisions. This delay meant that the rates came faster and bigger than would have if the inflation that anyone, with a brain knew was coming, had been acknowledged.

But on the flip side we didn't have any mean tweets. I hope those that lose their homes believe that trade-off is worth it.

Quote: kenarman

Biden's policies are finally coming home to roost. Not only did he throw mountains of money into the supply which is always inflationary but he insisted that inflation was only transitory. This denial of inflation caused everyone from owners taking floating mortgages, bank managers making making poor investment decisions to the Fed waiting way to long before starting to raise rates to make poor decisions. This delay meant that the rates came faster and bigger than would have if the inflation that anyone, with a brain knew was coming, had been acknowledged.

But on the flip side we didn't have any mean tweets. I hope those that lose their homes believe that trade-off is worth it.

LOL
Inflation is not just the US
Its worldwide due to the Ukraine war

Apple and Google said that they are working together to prevent lost item trackers like Apple's AirTag from being used to track people without their permission.
Tuesday's announcement suggests that Android phones will also soon gain the ability to warn their users if they are being tracked by an AirTag.