The Endgame For Banks Is Here

Welcome to RIGGED [against you], the podcast that helps you RIG the wealth game back in your favor. I’m Terry Sacka AAMS of Cornerstone Asset Metals.

This is RIGGED. I’m Terry Sacka.

Today. I want to talk about the end game that is near, for the banking system. And it is a very difficult situation and something that it’s, this is going to be a little kind of complicated podcast, but it’s not, I think it’d be really important to hear through it. Won’t be that long, but I really think it’s important to get this out because we think inflation is bad right now. And now they’re trying to say that this has a transitory inflation, meaning it’s just temporary and maybe on some products, you know, like lumber or a few other items, it might be. But for the most part, it’s not because you see the government, the last stimulus of 1.9 trillion was, was horrendous. But the amount that that’s injecting into the system, the amount of cash that is flowing around the world is unbelievable. And we have our, I mean the supply chain issues, and this is very, very serious.

I mean, supply chain issues, we all are experiencing. If you just order something online, you’re experiencing big delays, but they’re having it so deep, even microchips right now, two automobiles are so delayed and so backlogged, it could be two years. There are millions of vehicles not being produced because they can’t. Now here’s the thing. It’s not just automobiles. Those microchips go into farm equipment, farm processing equipment, everything electronic that we do needs microchips. That’s just the beginning of what we’re talking about as supply chain crippling effects of this whole plan, demic sham of, of, uh, of thing going on with this virus. You, of course the virus is real. Don’t get me wrong, but it is a manmade bio weapon that they put an S spike protein on that S spike protein is going to a nihilist, the world’s population. And you’ll see in the future, this thing, and my contention I’m putting on a conspiracy hat is one big, huge crimes against humanity.

That’s my take. But when it comes to the banking system and I do believe this is partly why they’re doing it. The banking system globally is on the verge of collapse and it’s done. They have printed these currencies so deep into the trough. There was so much money out there. It’s creating inflation. That’s the definition of inflation, too much money chasing too few goods. I think next week, I’m going to do a really detailed piece on explaining what it really, really means. And I think you’ll really be an eye opener once you see it, because you realized how pinned down they are. But today I just want to outline this area of the banking system in the repo market, because it is so important to understand. And if anything, it gives the, um, it’ll give you kind of the prelude to what’s getting ready to come next week, which won’t be as complicated, but it will be very simply detailed as to what and why we’re experiencing this.

Why the cost of building homes and the cost of goods and services and the huge amount of food inflation. We can’t even go into the details of what’s going on in the wheat market and the grain market in the, in the, um, the, the, the issues with drought, let alone trucks and shipping issues that we’re going to be having going forward because of the chip shortage. So the banks are in trouble. Now, remember we had this before, and this, this happens often in the repo market. And the repo market is really where banks go to borrow money from other banks overnight to like balance of their books. And if the banks aren’t lending money than the federal reserve, somehow steps in, but it’s a way that we banks can balance their book nightly. They pay a small little interest for what they borrow, and then the next day they pay it back.

Yeah. In my opinion, it’s cooking the books too. I agree. Um, but it it’s just the nature of the Western Fiat currency system or the Western banking system in the context that our debt isn’t. We have debt balanced. That is not real. A dollar bill goes into a bank. They loan out 26. They just make it up. It’s on it’s digits in the cosmos we call it is leveraged. It’s not real. All of a sudden there’s more, more owners. And it just gets really, really deep. But when it comes down to the banks, uh, right now they have no room for the reserves that are there. Remember we were talking about, maybe this was on television, but I was talking about how the, the banks disconnected from deposits from the people putting money in the bank when they normally loan money out to that. But they weren’t, they were taking the excess and they were going in the stock market, which was propping our stock market up.

If they actually started loaning money to the people, to the deposit, you will, you think you’ve seen Felician now, Oh, forget it. They’re not going to do that this time round. I don’t believe, but the problem, the money is already out there. The currency has already been printed. 40% of all the currency ever printed in the United States has been done in the last 18 months. That oughta tell you something. If you just think of a rocket ship, you see the U S financial system, especially the federal reserve. And remember the federal reserve is not federal and they don’t have, so the whole thing itself is already backwards. But as a result of too many reserves being injected into our system,

The extension

Of the feds, relentless monetization of 120 billion in debt each and every month monetizing it, meaning they create the debt out of thin air. There’s nothing backing it up. No gold, no silver, no oil, nothing backing it up, but they create the debt out there. But then they monetize it. They actually make it part of the circulated system that comes out of digital and goes into the circulation. That’s what’s watering down our currency, which causes inflation. Inflation is too much currency chasing too few goods. And then boy, we’re seeing that right now, right? Too few goods and all this money around sloshing around, but they’re monetizing 120 billion every year,

A month to keep the system afloat. Now, mind you, that’s on top

Of the 1.9 trillion stimulus to the people. And now they’re getting into the socialist, basic income, uh, to children, which is really, really bad news. Well, it’s good news for some people, but really bad news for the, for the country. You see, this is all going into this repo market where overnight funding rates have begun to collapse as what took place. Now, this happened before this happened right before the virus broke out. And for those that have been with me for awhile, they know we talked about this extensively that the repo market started flipping out. And then a month later, the virus came out, meaning the baking system was, was collapsed. It was bottlenecked and it was in deep trouble. And then they get the fed came in, literally with hundreds and hundreds and hundreds of billions and bailed it out. And then boom, this virus showed up. So this fed fund rate was well below the mid point on the fed funds target range while the repo rate is at zero. Well, if it was at zero, then why, if I’m a bank, do I want to give money to another bank overnight and take risk? I might as well just play with the federal reserve, right?

It’s even trading negative. Think about that one. That’s hard to grasp negative. We don’t even know what that means really, except that

You gave me a hundred and say, I’ll give it back to you tomorrow. And I give you 90. As a result of these 0% interest rates, billions of dollars of cash are being pushed into the feds repo facility as no rational actor would take on counterparty risk as if they could, you know, get the exact same rate of zero when transacting with the central bank. Right. As I was saying, the fed is taking treasuries out of the market system. Now here’s where it gets really, really ugly. They’re taking treasuries, the other issuing to creating a bond out

Of thin air. And then they’re

Putting it into the system. They’re selling it to the system that they’re taking it right back out of

The system, through quantitative

Easing and purchases, and then putting them right back into the reverse repo market.

It

Is also distorting the repo market. And although the fed can fix the aberration, they’re not going to cause they’re going to have to hike the rates.

If you want to talk about reverse repo usage, it is

It’s use of the facility has never been this high outside of quarter end turns or the basically right before the quarter end there, right before COVID is I was talking about last time, right before this virus showed up. That was when we had the doozy. Now I have a phenomenal chart in front of me. It’s called reverse repo usage. And what’s really interesting about it. When you go back to 2018, you know, it’s pretty common. It’s kind of cool,

But then there’s spikes at the end

A quarter, the banks are in trouble because they’re all in

Solvent. All of them are insolvent. They loan

Out way more than they actually have reserves for

The quarter end of any quarter. They would normally

Go in and take advantage of the repo market and kind of balance everything out. So you normally get these little spikes. So through 2018, 2019, you’re seeing that these spikes were already taking place at quarter end, but then something really weird happens.

Then COVID crash came in and it went ballistic.

The banks were in so much trouble. It went 10 fold on any normal quarters

Spike. I mean, it’s really something else

Showing that the financial system is bursting at the seams and overflowing with this quantitative easing liquidity. But see, that’s a problem. Many people think, well, that’s great. We got a lot of money running around. Let’s go do something. No, that’s huge. That’s why we’re paying double for corn double for, um, all these other commodities and lumber now, unbelievable prices.

This is on lumber that’s because of all this liquidity, you see, it’s a problem

Because not only has the fed not even think about tapering

Or trying to fix it,

The tapering begins. The central bank is still going to inject roughly $1 trillion into the system. Through the end of 2022, I’m telling you folks, I’m not going to be far off two, three years. This system goes down on purpose by design to usher in a new global currency, central bank, digital system, which is really going to be bad for we, the people. But when you see this coming in, it’s a huge problem for we. The average people

See today,

There’s barely enough collateral in the repo market right now to cover all of the cash

Being invested. And the volumes

At the repo shot up to 250 billion today. What’s going to happen when there’s three 50, what’s going to happen when there’s another trillion and why this is bad is because the rates are so high. Meaning how much it costs to borrow from one another. All of this money printing is so disastrous. It has destroyed the paper dollar that’s in your pocket right now

Is destroyed it.

And you’re going to find out exactly what I’m saying is true. When you start noticing everything you buy is going to be more expensive.

It’s called inflation and they can’t stop. It is he back in there

The old days they could raise interest rates back in the late seventies. People remember early eighties, they had rates at 20%, but they can never do that again. And next week, I’m going to explain why rates will never rise again, maybe a half a point to just be, you know, psychological, but they will never raise again in is all because of the amount of debt we have.

We are done. We have

Destroyed the currency system we have today. We are getting ready to go through a transformation that only happens once every 40 or 50 years. And for those that heed the warnings and have physical silver, physical, gold, other tangible assets to protect against it. If you’re sitting on too much cash, too much currency, too much paper in the stock market, you’re going to severely

The B. Well, let’s just say, you’re going to regret it because

What they’re doing is destroying our brains

Ability to buy. And here’s the tax. Here’s the worst part. It is the biggest tax on the middle class and the poor in our nation. They’re the ones,

Ones that are not really making any more money yet. The bread and the milk and the food and the gas. You look at the gas, it’s going to continue.

So all of a sudden

Your paycheck goes less and less and less. And that’s exactly what this problem is

To see this.

It happened right now, why this is so important why I wanted to bring it to you. And I know it’s kind of confusing, but that reverse repo market, the reasons it’s important is normally they do these things at the end of a quarter.

This time we’re at the highest level of repo engagement. And it’s not even we’re in the middle of a quarter. That is one big red alarm.

We’re not even at the end of a quarter and the banks are already freaking out. There is a real big problem. And here’s the issue. Here’s how it connects. There is. There’s so much liquidity out there, but yet they’re not loaning it to the people they’re not doing the job a bank would normally do, because if

They did you think

Inflation is bad. Now you think gas prices, food prices, rent, and clothing, and everything is expensive. Now you haven’t seen it. If they start loaning that out,

It’s done, but they can’t. This is the most

Believable situation I’ve ever seen in my entire life. And as Harman, we, the people the most

And the top,

We’re going to get rich. But the rest of us suffer that last stimulus of 1.9 trillion was a really bad idea. And then they’re talking about doing another trillion for infrastructure, which is,

They’re not doing one thing

Help. We, the people there, well, they’re helping some poor out, which is good, but I think you help the poor by keeping prices down. You help the poor by keeping inflation down,

They are

Ready to light a bomb that will not be able to come back in.

This is the

End of something that most alive right now have no idea what I’m talking about. When I say the end, this is the end of a currency that we now have a money, a global economy that we now have. It’s the end. And if they don’t get that chip shortage figured out in Taiwan, you’re going to see such catastrophic chaos in the global economy without microchips. You it’s just get ready. I would highly recommend getting in. I shouldn’t be laughing, but I am blown away by this. Get yourself golden, silver to whatever capacity you can. If you have IRAs protected with physical assets, don’t care about the price. It’s all manipulated. Everything is manipulated. Everything they’re corrupt to the core. We have become the most immoral corrupt country I have ever seen. I’m actually on record say, now I am so thoroughly disgusted with the United States of America and what they claim as a moral high ground. We are disgusting. We are vital. We are corrupt. We are criminal. We’re sexual perverts. We’re corrupting our children and killing

Them. So just

Get a grip of America. Let’s hang tight, but stay really focused in community. That’s what I’m gathering out of all this get really involved in community. Find those that you can come together with and start making a plan plan for food plan to function. Definitely be cool on your savings. Watch out for your spending. Be very diligent right now. There is nothing normal. What’s there. So until next week when I really lay out, I think a, an understanding of what you’ll understand more. I think next week, when I, when I lay this out of what I got into today, and it’ll be a little more clear, and I’m sorry if there’s kind of got around about, but this is complicated when you get into reverse Rebo and you get into these other areas, but it is huge in for telling what’s coming. And it’s telling us our banking system is in deep trouble because they’re trying to keep you think inflation’s bad. Now they’re trying to keep it from actually really starting. And that’s why bank of America said we are going to even experience hyper inflation. What does, what does that mean? It means a jet goes up a lot faster. So all I can do is just say, I just pray for each and every soul that wisdom and understanding find you the grace and mercy peace be with you until next week

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