'When you are a bank for billionaires .. You can die in three days.'
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'Switzerland's secretive Credit Suisse rescue..,' March 21, 2023
'..Republicans in the House of Representatives on Monday vowed to oppose any universal federal guarantee on bank deposits above the current $250,000 limit, throwing a major roadblock to a key tool regulators could deploy if bank runs re-emerge as financial confidence wobbles.
The Republican House Freedom Caucus said in a statement the Federal Reserve "must unwind" its extraordinary funding facility created on March 12 that allows banks to boost borrowing from the Federal Reserve to cover deposit outflows.
"Any universal guarantee on all bank deposits, whether implicit or explicit, enshrines a dangerous precedent that simply encourages future irresponsible behavior to be paid for by those not involved who followed the rules," the group said.'
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US Republicans oppose bank deposit guarantees beyond $250,000 limit, March 21, 2023
Context (Global Stagflation)(QE Was a Colossal Policy Mistake) - '..wage earners have to get a 14.8 per cent wage increase just to hold even with this kind of inflation..'(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'
The 11 Days of Turmoil That Brought Down Four Banks And Left a Fifth Teetering, March 20, 2023
(Banking Reform) - '..And no amount of money-printing will resolve deep structural problems decades in the making..'(Global Stagflation) - '..price growth that is continuing to outstrip expectations..'(Global Stagflation) - '..inflation tends toward a cycle of unpredictability and destabilizing volatility that can extend for years and even decades.'[Thomas Hoenig] has a Dire Warning About Where We’re Headed - '..Household Expense Data .. for 80 Years'