It Turns Out That JPMorgan Bought The 'Nickel' That Was Actually 'A Bag Of Rocks'
..and somehow these guys are expected to 'fix' FRC?
https://www.zerohedge.com/markets/it-turns-out-jpmorgan-bought-nickel-was-actually-bag-rocks
Swiss Bank Fails! Bail-ins Implemented as Seniors’ Pensions Raided – Chaos in Europe as France Burns
Credit Suisse, which was the second largest bank in Switzerland, and considered a "too big to fail" bank, has failed. Swiss authorities rushed through a deal late Sunday in an attempt to prevent a whole-scale stock market crash before trading started in Asia, along with futures trading in the U.S. The deal involved a forced fire sale to its rival bank, the largest bank in Switzerland, Swiss National Bank (SNB), which included both bailout money from Switzerland's Central Bank for SNB, along with a bail-in of AT1 bonds with Credit Suisse used to fund seniors' pensions, which will be completely wiped out. The bail-in wipeout of senior pensions is sure to fuel protests already happening around Europe over pension reforms, especially in France where protests began Thursday night last week when President Emmanuel Macron invoked what is basically an "executive order" before the French Parliament was about to vote on, and DISAPPROVE, pension reforms. The French have been rioting in the streets since then, continuing through Sunday night, as at the time I am writing this there are still livestream reports being broadcast showing much of France burning. Could we see similar types of bail-ins and pension funds disappear in the U.S.? Here is what the CEO of the largest investment firm in the U.S. said a few days ago…
The deal involved a forced fire sale to its rival bank, the largest bank in Switzerland, Swiss National Bank (SNB), which included both bailout money from Switzerland’s Central Bank for SNB, along with a bail-in of AT1 bonds with Credit Suisse used to fund seniors’ pensions, which will be completely wiped out.
The bail-in wipeout of senior pensions is sure to fuel protests already happening around Europe over pension reforms, especially in France where protests began Thursday night last week when President Emmanuel Macron invoked what is basically an “executive order” before the French Parliament was about to vote on, and DISAPPROVE, pension reforms.
The French have been rioting in the streets since then, continuing through Sunday night, as at the time I am writing this there are still livestream reports being broadcast showing much of France burning.
I have compiled a brief video report on the protests in France, which are now banned, but it doesn’t appear that the French people care too much about the ban. This is on our Bitchute channel.
Could we see similar types of bail-ins and pension funds disappear in the U.S.?
Also, please take note that while depositors were bailed out in the Silicon Valley Bank collapse last week, which included mostly wealthy people who had millions on deposit there, such as California Governor Gavin Newsom, and billionaire Mark Cuban, shareholders were NOT bailed out, and risk losing everything, since the bank has now filed for bankruptcy and no buyers have stepped forward to rescue the bank yet.
The top three shareholders at Silicon Valley Bank were reportedly: Vanguard Group (11.3%), BlackRock (8.1%), and StateStreet (5.2%), which are also among the top firms in the U.S. holding pension funds.
These firms, and many others in the U.S. and around the world, also had vast sums invested in now failed Credit Suisse bank.
FDA Continues Infanticide-by-Vaccine Program Giving Emergency Use Authorization for 4th COVID Vaccine for Babies and Toddlers Under Age 5
With the financial system on the brink of collapse and the war in Ukraine intensifying and capturing the public's attention this week, the FDA quietly gave a new emergency use authorization (EUA) for a 4th COVID "vaccine" booster for babies and toddlers under the age of 5. With the EUA COVID