Silicon Valley Bank has collapsed after experiencing a LIQUIDITY CRISIS following a RUN of withdrawals which forced the bank to sell long terms bonds and incur massive losses. This Crisis comes within days of Silvergate Bank encountering the same problems which led to the bank falling into LIQUIDATION. In this video I provide details of the problems at both banks and discuss the risks of this Crisis spreading across the whole financial system and causing another GLOBAL FINANCIAL CRISIS.
Tag: Fiatmoney
Cashless Society and the End of Freedom
Cashless society seems like an inevitable progression into an easier, faster and more convenient future. But this comes at a huge of cost of privacy and anonymity of cash payments, and freedom from control over people’s funds.
How cash is becoming a thing of the past | DW Banking documentary
Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm.
But Germany’s central bank and government are still clinging on to cash. Can they stop the move towards a cashless society? Our documentary shows who is behind the worldwide anti-cash lobby. Banks want to get rid of coins and bills for cost reasons, and politicians think less cash will cut the rug out from under criminals and terrorists. Central bankers want to abolish cash because it would make it easier for them to enforce negative interest rates. And digital payment companies like Paypal or Visa simply want to profit from money transactions and collect as much financial data about consumers as they can. Their aim is to gain complete control over our buying behavior. For example, the “Better than Cash Alliance” in New York is supported by financial corporations such as Visa or Mastercard. They say the more people that are integrated into the international financial system, the more growth and jobs it will promote. But as our financial behavior becomes more and more transparent, states are also using payment data to find out more about us. The ordinary citizen’s view of cash as a store of value, independent of third party interests, is being increasingly ignored. But for them, cash is and will remain a symbol of freedom.
Die Große Geldflut: Wie Reiche immer reicher werden
Seit Jahren drücken die Notenbanken dieser Welt die Zinsen, um verschuldete Staaten zu stabilisieren, Banken zu retten und Wachstum anzukurbeln. Eine noch nie dagewesene Geldflut führt zu neuen Blasen. Beispiel Immobilien: Nicht nur in deutschen Großstädten explodieren die Preise. In London kostet ein Einzimmerapartment leicht mehr als eine Million Euro. Und immer mehr Geld wandert weg von der realen Wirtschaft in den spekulativen Bereich. Im globalen Casino finden hochkomplexe Finanzwetten statt. Zocken ohne jede Kontrolle. Gleichzeitig spaltet das billige Geld die Bürger immer mehr in arm und reich. Bei uns und weltweit. Was läuft schief? Mit der Liberalisierung der Finanzmärkte entkoppelten sich Geldgeschäfte und Realwirtschaft. Heute benötigen nicht nur Banken immer neues, billiges Geld sondern auch Staaten, um ihre Schuldenberge im Griff zu halten. Ein Schneeballsystem. Geld ist die Droge, die alles am laufen hält. Und: viel mehr, als nur ein Tauschmittel, wie uns die Wirtschaftswissenschaftler Glauben machen wollen.
How money gets destroyed – Banking 101
source: PositveMoney
Do banks create money or just credit? – Banking 101
source: PositiveMoney
How much money can banks create – Banking 101
source: PositiveMoney
macblue's blog 