THIS IS IT! - The day of reckoning!

[5huggy]

This video was actually produced several years ago by Mike Maloney

It  EXACTLY describes what is happening RIGHT NOW! 

It clarifies some thinking !!!!!!!!!

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[5huggy]

 

[5huggy]

Failed Bank List

The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership.

This list includes banks which have failed since October 1, 2000. To search for banks that failed prior to those on this page, visit this link: Failures and Assistance Transactions

Click arrows next to headers to sort in Ascending or Descending order.Download Data

Bank Name	City	ST	CERT	Acquiring Institution	Closing Date
The First State Bank	Barboursville	WV	14361	MVB Bank, Inc.	April 3, 2020

MORE to come IMHO!

[KDave]

The events in maloneys video will play out over a number of years and will not necessarily end in hyperinflation if the central banks get the balance right. Right now the central banks are blind to the extent of the deflationary pressures and are not printing enough, the longer they wait the more they will need to print to avoid deflation/systemic collapse.

[5huggy]

HOLY CRUD!! WE HAVE SOME INTELLIGENCE in the UK!!

BoE showing some !

 

Bailey, acknowledging that the world faced a “time of great uncertainty”, said he would oppose any calls for the BoE to print money simply to help the government.

“Using monetary financing would damage credibility on controlling inflation by eroding operational independence,” Bailey said in an opinion piece published by the Financial Times.

“It would also ultimately result in an unsustainable central bank balance sheet and is incompatible with the pursuit of an inflation target by an independent central bank.”

When the BoE announced the expansion of its bond purchase plan to 645 billion pounds on March 19 - most of it for government bonds - Bailey stressed he was not abandoning the long-standing concerns of central bankers about monetary financing “because history tells us where that leads”.

From here - - https://uk.reuters.com/article/uk-health-coronavirus-britain-boe/boe-wont-print-money-to-fund-uk-fight-against-coronavirus-bailey-idUKKBN21N0MY

[5huggy]

 

[KDave]

5 hours ago, 5huggy said:

HOLY CRUD!! WE HAVE SOME INTELLIGENCE in the UK!!

BoE showing some !

 

Bailey, acknowledging that the world faced a “time of great uncertainty”, said he would oppose any calls for the BoE to print money simply to help the government.

“Using monetary financing would damage credibility on controlling inflation by eroding operational independence,” Bailey said in an opinion piece published by the Financial Times.

“It would also ultimately result in an unsustainable central bank balance sheet and is incompatible with the pursuit of an inflation target by an independent central bank.”

When the BoE announced the expansion of its bond purchase plan to 645 billion pounds on March 19 - most of it for government bonds - Bailey stressed he was not abandoning the long-standing concerns of central bankers about monetary financing “because history tells us where that leads”.

From here - - https://uk.reuters.com/article/uk-health-coronavirus-britain-boe/boe-wont-print-money-to-fund-uk-fight-against-coronavirus-bailey-idUKKBN21N0MY

This is not intelligence 5huggy this is the opposite of what he should be doing. He is worrying about inflation and doesn't see the immense deflationary pressure introduced by covid-19? Thankfully it is not up to him as the EU and the US will print and he will eventually have to follow and go back on what he has said, otherwise we would be heading straight into deflation and systemic collapse.

In his article for the FT, Bailey said the BoE remained in full control of how and when the expansion of its reserves to buy bonds is unwound, and that the central bank would not allow its 2% inflation target to be threatened.

He is an idiot.

[5huggy]

11 minutes ago, KDave said:

This is not intelligence 5huggy

 

11 minutes ago, KDave said:

He is an idiot.

Ok  👍  - I get that that is your take /opinion -

we will have to agree to disagree, as my understanding of the causes of inflation obviously differ from yours

13 minutes ago, KDave said:

He is worrying about inflation and doesn't see the immense deflationary pressure introduced by covid-19?

But INFLATION always follows DEFLATION - or its A DEPRESSION until INFLATION then takes over!

👍

[HawkHybrid]

think of currency like cars(only it's cheap/free to create). it's designed

for circulation/movement. it's not the cars that are important , it's the

people using the cars to go from place to place that is important. long

standing stationary cars are next to useless. similar with currency, it's

the transfer of value that is useful. currency circulates value to facilitate

the trading of goods and services.

currently we have too little 'available currency' to efficiently help the trade

of goods and services. people are chasing currency, creating deflation.

there needs to be access to more 'available currency'. printed currency

needs to be added to areas that have a shortfall of 'available currency'.

refusing to print at a time of a currency shortfall makes the situation worse.

 

in simple demand and supply terms. deflation means there is more

demand for currency, so more supply of currency is required to keep the

balance.

 

HH

[KDave]

3 hours ago, 5huggy said:

 

Ok  👍  - I get that that is your take /opinion -

we will have to agree to disagree, as my understanding of the causes of inflation obviously differ from yours

But INFLATION always follows DEFLATION - or its A DEPRESSION until INFLATION then takes over!

👍

The BoE do not see the deflationary pressures that were building prior and now amplified by the lockdown. Luckily the US package alone has gone from 2 trillion to 6 trillion and will keep growing so it doesn't matter what the BoE governor does, he will be following later and reversing course. 

I call him an idiot because he is trying to stick to a meaningless 2% target and missing the big picture. He sees inflation as the threat when the opposite is true, probably because their models are blind to it given this has never happened before.