As I mentioned...
Don’t Look Now — the Fed’s Bankrupt!
Don’t Look Now — the Fed’s Bankrupt!
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??
- Thread starter Gemini
- Start date
Article below shows about the transition of banks to the gold standard by the end of June, or will be penalized.
Loan market braced for rush to Libor finish line
Loan market braced for rush to Libor finish line
At least $700bn of junk loans are still priced using lending benchmark, just 30 days before the rate is set to expire
I just feel this is the pre-warning or alerting masses for when they seize money in your bank accounts.
abc7ny.com
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis.
Significant...
ISO 20022: Implementing the global payments messaging standard within CHAPS and RTGS
ISO 20022: the new messaging standard for CHAPS and RTGS
On 19 June 2023, CHAPS and the Bank’s Real Time Gross Settlement System (RTGS) will migrate to the ISO 20022 messaging standard. The ISO 20022 message standard facilitates the sending of enhanced data in a richer, more structured format than currently, which will bring a wide range of benefits. It is an open international standard, which has the potential to create a single common language for most payments globally. In addition to the UK, many major jurisdictions are also implementing ISO 20022 ahead of November 2025, when SWIFT is scheduled to retire its existing MT message standard for payments.
In order to continue sending and receiving CHAPS payments from 19 June 2023, payment users may have to make changes to the way they send and receive payments. Users will also need to adapt to the new data requirements, which will become mandatory from November 2024 onwards.
Full article:
ISO 20022: Implementing the global payments messaging standard within CHAPS and RTGS
Find out about the new messaging standard, key delivery dates, and the benefits of ISO 20022
www.bankofengland.co.uk
Yep, those numbers are not coming out, right
Sounds nice on paper but, looks like a Russian ponzi scam. The thing with gold backing the price is only sustained by a speculated (guessing) amount of gold not actual amount of gold.
Then say you don't understand.
All countries globally are moving to their currencies being backed by gold.
All have had to produce and show their amounts of gold, silver and natural resources, that are being held and we are moving away from a debt based, money made out of thin air, financial system.
The US will follow in time.
It's why banks are consolidating or going away and just over the past weekend moved from a LIBOR based system to SOFR.
Much was explained in previous posts and moving to ISO 20022 standards. If they are not, they will not be around in the new system. We are within 1-2 months of this all being complete.
You'll see a lot of banks failing. Many will be taking money from their depositors, meaning "you".
People should keep cash on hand for when this happens. Cause it's going to get rough. That goes for investments as well, along with crypto.
Yes I do understand, the problem is everyone has gold but the true amount they have is the problem since it must be secured and out of sight and that holds the whole thing together. All currencies are base on faith crypto included and that faith is tested time to time when people take advantage of that faith to get rich like the 80s The Savings and Loan crisis, the 2008 housing crisis which morphed into a worldwide financial crisis the recent instability of the banking system and the scam coin crypto bankruptcies.
JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans.
Citing data compiled by Bloomberg, the Financial Times says that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley appear to have written off a combined $5 billion worth of loans in Q2 of this year as consumers feel the negative impacts of inflation and higher interest rates.
JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report - The Daily Hodl
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans.
dailyhodl.com
Will they talk when the “bad loans” turn around?JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans.
Citing data compiled by Bloomberg, the Financial Times says that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley appear to have written off a combined $5 billion worth of loans in Q2 of this year as consumers feel the negative impacts of inflation and higher interest rates.
JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report - The Daily Hodl
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans.
A while back said that July 20th was significant due to banks moving to FedNow and then yesterday, July 27th they began banks to start complying with Basel III requirements between now and November when all must be compliant.
You will now see banks failing and being consolidated to larger banks leading to all failing.
Things will start to ramp up now as far as failures.
You will now see banks failing and being consolidated to larger banks leading to all failing.
Things will start to ramp up now as far as failures.
Bank failure: Kansas Heartland Tri-State Bank closed by FDIC
Banks’ restatements of uninsured deposits jump fourfold
Bank of America, for instance, reduced its reported uninsured deposits by $125.3 billion. The move comes as the comment period closes for the FDIC’s special assessment fee.
Published July 24, 2023
Banks’ restatements of uninsured deposits jump fourfold
Bank of America, for instance, reduced its reported uninsured deposits by $125.3 billion. The move comes as the comment period closes for the FDIC's special assessment fee.
Yeah, but someone is going around cleaning up these bad banks, which in this case I’m glad they are doing.
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court
ReutersAugust 17, 2023
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court
China Evergrande , the heavily indebted property developer, on Thursday filed for protection from creditors with the U.S. bankruptcy court in Manhattan.
TD Bank is now under federal investigation after the bank received inquires related to its money laundering policies, Bloomberg Law reports
franknez.com
TD Bank is Now Under Federal Investigation
TD Ameritrade is now under federal investigation after the bank received inquires related to its money laundering policies.
franknez.com
US Banking Crisis: Citizens Bank closed, FDIC appointed as receiver - Investing Abroad News | The Financial Express
And also something strange might be going on with Bank Of America
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"
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Say what?!! Wow fam, I'm sorry to hear that.And also something strange might be going in with Bank Of America
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"
I'd be on their line first thing Monday
Was major across many banks on Friday. Saying it was a clerical error... Sure...And also something strange might be going in with Bank Of America
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"
REPORT "Bank of America, Chase, and U.S. Bank systems are down today as a result of a direct deposit systems crashed. Banking giants Truist, Bank of America, Chase, US Bank, and Wells Fargo are facing outages, according to users. The disruptions reportedly kicked off around 8 AM ET on Friday." (The Irish Star)
Bank of America, Chase, and U.S. Bank systems crash in huge cyber outage
U.S. Bank, Bank of America, Chase and Wells Fargo are among the banks with direct deposit payment issues today, with users reporting the systems are down
www.mirror.co.uk
And also something strange might be going in with Bank Of America
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"
Yeah man hope that shit gets fixed ASAP....
I said this months ago, please keep cash on hand, because to settle debts, banks will take "your" money they have on deposit.
I just searched "direct deposit" on Twitter, I saw the issue with banks yesterday, but really thought after seeing the news say it was resolved, people got their paychecks. From what I see, many have not and no news is alerting anyone what's going on.
I feel that the financial system may be going through a change. So better to be ready for not having access to funds if millions of people start demanding their money.
You ain't never lied and I got mutiple accounts as well....I normally would have gotten my money on Monday, but I actually got in my account today, but I don't use any of the banks mentioned...
Old head told me years ago and experience it in 2010 during Snowmaggedon that you always keep a stash in the house just in case some shit go down or the electricity is out for several days.
During snowmaggedon if you didn't have cash, you were shit out of luck because any store that was open was only taking cash for the few days power was out....
Plus I watch too much Walking Dead like shows lol
The difference in this situation coming, things like Visa and MC won't be accepted anywhere because those stores or anywhere you need to pay, they won't be getting funds from banks. Everything will be down.
Check comments, one person saying it affected many federal employees
That's crazy. Non of my federal friends mentioned this, but that's just wild...
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