“What effectively happened over the weekend is that [Biden] nationalized the American banking system,”
—Canadian businessman and Shark Tank host Kevin O’Leary told a mainstream US outlet on Monday.
U.S. Government Docket No. OP–1670 Exposes New Fed Power to Seize Control of U.S. Bank Accounts read docket # OP1670
TUCKER CARLSON – GOV. SOUTH DAKOTA KRISTI NOEM VETOES REGULATORY BILL THAT HIDES A DEFINITION OF CURRENCY THAT WOULD ELIMINATE CRYPTO AND EMPOWER AUTHORITARIAN CBCD CENTRAL BANK SOCIAL CONTROL WITH DIGITAL DOLLLARS
The Credit Suisse bailout combined government liquidity (a bail “out”) with bank confiscation of tier 1 bank bonds (a bail “in”) to achieve a lawless, blatantly illegal overnight merger with UBS bank, bypassing any shareholder vote and destroying tens of billions in assets.
This all just happened last night. And the banking contagion will continue to spread.
It started with the crypto collapse, then FTX, then it spread to Silicon Valley where crypto exposure was large in commercial banks, and now it has spread to large banks in Europe.
The contagion isn’t over. This will only get worse and more widespread. The collapse of the western financial system is now under way.