The Banking Crisis Isn’t THAT Bad…Right? Banking Crisis Explained

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.

 

I saw a wave, a dark wave, come over our nation. And it’s not just the election, of course, but this program is going to be all in the name RIGGED because when I, and we formed RIGGED, it was because of the financial system, but RIGGED is now becoming common in America. And it’s all RIGGED [against you].

This is RIGGED. I’m Terry Sacka.

 

 

(00:27):
Today we’re gonna be discussing the banking crisis, um, and kind of explaining it a little bit more, uh, so you can understand the bigger picture and not just some of the short term headlines you’re getting that, you know, one particular bank collapsed or this one is, and it’s not a big deal cuz they bailed it out. There’s actually a lot more to it. So I want to explain today a little bit about what it really means, uh, so you could properly be prepared, uh, for what’s coming.

(00:56):
Uh, I guess the best way to put it is, um, we might as well start saying, you know, uh, welcome to hyperinflation, uh, because what they’re planning to do, if it turns out the way, um, that they stated, we could literally see a potential, not only inflation, but hyperinflation on some of our product services and goods because our currency will be so diluted. Uh, the US is now studying ways to guarantee all bank deposits if the crisis grows. Well, it’s not a matter of if the crisis is growing and it’s going to continue, there’s at least 50 more banks on the chop block right now, and it’s going to, it’s going to get worse. This is just getting started. The banks are insolvent folks, so understand banks are insolvent, they’re all fractional banking, meaning they bring in, you know, a hundred dollars, they loan out 2,500.

(01:53):
Now how that translates into the United States banking system, there’s about 14 trillion on deposit in US banks, they have about maybe 1.4 trillion in cash. So if everybody decided they wanted their money, you’re just not getting it because they don’t have it. And so they’re now looking to see if they can guarantee all bank deposits, which could literally climb into, uh, the realm of trillions of dollars. Now we just are, we’re throwing around the word trillium, like it’s not a big deal, but that’s 999 billion. We do not have trillions of dollars to bail out the banking system. If we were to print money to bail out the banking system to the tune of trillions, we will see hyperinflation. Now, to put it in perspective, for those of you who believe in the Federal Deposit Insurance Corporation, the F D I C, which they try adamantly to tell you, oh, if you’re you’re below 250,000, don’t worry.

(03:01):
We will save, bail you out and save you. Now mind you, they’re changing the rules because the Dodd-Frank Law, we were a nation of laws, but the Dodd-Frank law in 2008 made it clear bailouts were not gonna happen. It was going to be bail ins and that’s just not the case. But according, uh, to the numbers, the F D I C insurance fund had only about 128 billion in it. Now, the, how the f d Insurance Fund gets their money is the banks would pay a fee and through those fees, the, the fund added up. So it used to be only about 25, 30 billion, but I guess over these years it’s added up to about 128 billion in the insurance fund. Well, the F D I C gave Silicon Valley Bank and Signature Bank, just two of ’em, 143 billion. It not only doesn’t have any more money for bailouts, where are they getting the other 15 billion?

(04:06):
The only place they can get it is taxpayers. And it’s not like they could just yank it out of thin air. They’re going to have to print money. And this is just getting started. Now, I won’t go into too much detail on the Silicon Valley Bank, but this is an atrocity on the taxpayers. And we, the people, Silicon Valley Bank were billionaires and millionaires. They were venture capitalists. A lot of them were tech Chinese companies, Chinese money. They should never have been bailed out. The, the bank took risks and did things with bonds that they shouldn’t have done. Those people deserve to lose the money. 90% of all of those people in Silicon Valley Bank were above the $250,000 threshold. They should have lost their money. Instead, the government comes in and bails it out. Well of course they’re going to because Silicon Valley Bank and Signature Bank in New York, both are far left wing organizations and they have people like Barack Obama and Hillary Clinton donors sitting on the board.

(05:14):
So this was a big political quid pro quo bailout for the cronies of our Democratic Party. That’s not healthy. They used all that money to bail out billionaires and millionaires and bail out. A lot of them were Chinese, which, what do we do in bailing out communists? So there is no more money in the F D S C insurance fund and we’re just getting started. There’s already another 50 banks, like I said, on the chop block and it’s just getting, getting going. And the Federal Reserve is caught between a rock and a hard place because if they don’t raise interest rates, the economy is, is gonna continue to rip up and inflation is gonna continue to rage. If they stop interest rates and cut it, it’s gonna be bad news for optics for the Federal Reserve and it’s going to collapse the system. So we we’re like in a, a place where no matter what happens, damned if you do, damned if you don’t scenario, we either are going to be dealing with, um, a full on market meltdown like a Great Depression or a Wimar Germany hyperinflation.

(06:29):
So this is just here in the United States over in Switzerland, which this is a really big deal because they’re all connected. The European banks are connected to the American banks and we’re all kind of intertwined. But the credit Swiss situation is real. The Swiss government just changed the law, like literally in the middle of everything. These governments are literally making it up as they go and changing, breaking their recurrent laws and just changing laws as they go. Now the Swiss government came out, they changed the law and instantly eliminated shareholder rights in the UBS purchase of Credit Swiss. Now that purchase, by the way, by UBS, is already on the block because UBS is starting to realize this is a really bad idea. It’s probably gonna take us down if we do this. And they’re starting to look like they’re backing out of the deal.

(07:27):
This is gonna be a 50 60 billion bailout and that’s just getting started. But the government just changed the law instantaneously and said shareholder rights are eliminated. Now that was in Switzerland, but don’t think for a second that in America, if we get too sticky that they just don’t often do something and say, sorry, you’re, I don’t care what the law says. This is what’s going to happen and you’re going to lose your money. You just can’t trust it. And I’m very irritated at some high profile Christians commentators, especially checkbook finance type commentators that are on TBN and such that uh, speak about, oh, don’t worry, he actually Ramsey man, he actually insulted people like don’t even, I can’t even believe you’re thinking your bank will be in trouble. And he was like insulting people to think, you know, your bank could be in in problems.

(08:23):
Your bank’s gonna be fine. He said he doesn’t know that. What an insult of intel intellect. Now we got 50 more banks, Mr. Ramsey, what he say about that? That’s just an irresponsible statement because this is uncharted territory and you don’t know. Yes, Silicon Valley Bank was an isolated incident, but it’s not. This is just getting started. It’s better to be prepared and be cautious than not because if they’re changing the rules like this, how do you know you’re safe? Cuz you remember that money’s not yours in a bank. You’ve given ’em a loan, they just have an obligation to pay you back. The global banking system is really and truly in uncharted territory and they’re making up the rules as they go. And that spells a bad recipe because we’re already in maximized debt levels in Europe and the United States. We can’t afford to be bailing out trillions and we definitely can’t afford to be going to war as we are. We’re acting like we have the money. We don’t.

(09:40):
It’s almost in the situation here, there, there’s a really tough situation actually. But it’s a situation where central bankers around the world right now, specifically the West, they have a choice. Either the greater depression or the Weimar Republic Germany of inflation. And I don’t think many people realize how grave the situation is. And this is not about fear. I’m tired of people saying, oh, fear and vulnerability and you’re doing no. How about being a watchman warning people, this is what’s going on out there. Maybe you should pay attention if you wanna be afraid that’s your problem. How about just get prepared and you won’t be afraid. But they’re just making up the rules here and they have two choices. Either you’re going to crash the economy to the point of a depression or you’re going to have ripping runaway inflation because they can’t stop it this time because they have printed too much of the currency in the Euro and the United States dollar.

(10:50):
And then you throw on top Biden, oh sloppy Joe, when he did the Russia sanctions, it destroyed the banking system. I talk about that a lot. But that those sanctions are the biggest backfire, miscalculation. Now I’m saying miscalculation in backfire, but I’ve had people tell me no, especially my wife, which she’s probably right, is that I, it’s not a miscalculation at all. They did it on purpose. They knew it was gonna cause this chaos because they wanna usher in the world order the digital currency, digital ID and enslave us all. I’m like, yeah, probably right? Because either that or you’re really ignorant because to think you are going to bankrupt Russia and now they’re doing better now than before. They’ve aligned. Now we have actually pushed Russia into the hands of China to the point where China on an international stage has declared and made it clear that the United States had 250 years of it.

(11:54):
Ex of its existence has been a war for 236 that the United States is the one who’s causing wars, killing people, dropping bombs, sta destabilizing governments. Boy, the Chinese laid into us. I have never seen that in my life. And now that Chinese have declared they will join Iran if Ukraine does not accept the Chinese peace plan. Here you got China now negotiating terms around the world. The United States is so inept ran by these, these communists that butch, I think they’re doing it on purpose. They just destroying us. You now have China leading the way on negotiating global geopolitical issues. But China’s made it clear that if Ukraine does not accept a peace proposal, which the United States and in Europe said no way that China will join Iran and they will arm Russia and this thing will escalate. But you’re dealing with a country that deals with Russia, China Alliance, the Brick Nation Alliance that has about 60% of the world’s population in the alliance.

(13:05):
You have the Saudis going with them. You have all of these people that used to be on our side going with them. Even the Saudi Arabia has been dumping US treasuries. So not only did they ditch the petro dollar, they’re now dumping their treasuries and they’re moving towards the won. Russia just declared the wand is gonna be the new reserve currency in their zone, the bricks. So this is a very serious point and they don’t want you understanding it. Great. So Kiev, you know, Ukraine better get a grip on this, but I don’t think they care. You see, this is a war the United States started and they’re, they’re pushing it to the nth degree and they’re just using, they even said it. I mean, Powell from the State Department, these people are unbelievable. She even said publicly, this is a war between the United States and Russia.

(13:58):
We’re just using the Ukrainian people to do it. Wow, that’s great people. Let’s just kill all of these people. Just because we wanted to pick a fight with Russia because we were afraid that our dollar dominance was waning. Great. That’s nice. Let’s just kill people. Great. So now you’ve got President Xiap inviting Putin to Beijing in a growing sign of support for Russia. After warning, China will be standing guard over the new world order. They are taking the lead away from the United States as negotiable leaders of sanity. Cuz remember the Chinese, now I’m talking just modern time. They haven’t dropped a bomb on anybody. Well, except, uh, the pandemic, they let, let loose. But there’s a lot of chatter that the United States dropped that virus into China. We were paying for the gain of function. So who knows where that one’s going, right?

(15:05):
So here you have China standing guard over a new world order lining with Russia, Iran, Saudi Arabia, and others India. And here we are throwing another 350 million at Ukraine. The world, uh, well the I M F International Monetary Fund, they just committed another 14 billion. Where that money comes from is the United States and the Europeans we’re on the brink, literally of financial collapse and war with China. And yet we continue to spend like we have the money. That is a problem. They, we are committed to be all in, all in on this war. As I declared before, if we do not win this war, which I don’t think we need to be, we should be stopping and creating peace and stop the insanity of trying to destroy Russia. It’s not going to happen. We should get back to the global order we had. But unfortunately, I think the Pandora box is open and even if we tried it, I think it ends.

(16:13):
I think the dollar hegemony is gone. I think we’ve lost respect of the world. Leaders look at our society, even President Xi of China was caught on a hot mic talking about United States. This is being such a low point of our nation. Look at us socially, how, how we are. And I’m not just talking sexually, I’m talking in so many ways of thinking, thinking about criminals and thinking about protecting businesses and society. These people on the left are unhinged lunatics and we’ve got to stand up and say no, but we’re not. And we’re gonna pay the price for that for decades to come if we don’t. So this is the real situation of the banking crisis because the banking crisis is tied to the war, is tied to the global financial is tied to the global supply chain. And if you think we can just confiscate hundreds of billions from Russia and, and pick a war like this at a time when we in the west are in this much debt. Remember the United States has more debt than any nation in the history of the world ever. And the timing couldn’t have been worse. So you’re either incredibly stupid or you’re doing it on purpose, which is really evil to a nation. That once was great. So until next week, God bless each and every one of you.

 

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