The Right Wire Report presents the Truth Be Told Podcast with Bekah Lyons. The Truth Be Told Podcast discusses the important political and cultural issues of the week and provides analysis that will give a different perspective and how these stories will affect us all in the near future. Now, wake up and start acting. The topical notes for this March 18, 2023, “Financial Weapons of Mass Destruction” episode include:
- SVB Contagion:
- Montage of the SVB failure events. See here, here, here, and here.
- Contagion context (how bad can this get):
- Effectively the Biden administration is guaranteeing $17 trillion in US deposits.
- Bank Term Funding Program (BTFP) is set up for banks to borrow – $165bn already, effectively ending quantitative tightening.
- JPM: As the “bank run” drains $550 billion in deposits in one week – deposits going from smaller to bigger banks.
- Understanding what fast-rising rates do to bond prices. Example: US 30-year T-Bonds went from 1.75% to over 4% in a single year – this reduces the value of these bonds by nearly 50%.
- Size of the global bond market (public and private): US is $40tr, and globally $128tr – understanding banks are very international today, and overseas risk can not be ignored.
- 30 to 50% of these global bonds are potentially issued at these lower rates – leaving a potential global hole of $30tr (depending on the date of purchase, maturity, and any rate risk hedging [dervititives]) mark to market.
- The total global market cap of banks is $7.5tr, managing over $200tr in assets.
- Things to watch: a) will the Fed pause rate hikes (watch 2-year treasuries rates)? b) the BTFP usage (will banks be forced to run to the Fed indicating contagion), and c) international contagion (i.e., Credit Suisse and potentially others).
- Peter Schift may be right – many banks are insolvent, and we don’t know it yet – Morning Star’s US bank contagion watch list. However, this risk only occurs if an event triggers a global run.
- David Sacks commentary on big bank regional bank – see here.
- Ellen Brown: The Looming Quadrillion Dollar Derivatives Tsunami – see here.
- The European Central Bank (ECB) raised interest rates again – see here.
- Charles Payne Hits the Nail on the Head – The Biden Action is a Bailout for Silicon Valley – see here.
- Is there a link between Silicon Valley Bank failure and Covid/wokeism/crypto? Chart of the Day – see here.
- MAGA or Bust?:
- Latest Rasmussen poll, even a majority of Democrats admit that Republicans likely conspired with Democrats to keep President Trump from winning the 2020 election – see here.
- Republican Candidates Respond to Tucker Carlson’s Inquiry About Ukraine Policy, all responses – see here.
- Mike Pence’s stunning attack on Trump – see here.
- DeSantis clip on effectively wielding state power on behalf of his constituents – the effective candidate? See here.
- New “Late Exit” Poll Finds Eight Percent More Arizona Voters Said They Voted for Lake over Hobbs- see here.
- Quick Hits (round-up of important headlines):
- The International Criminal Court (ICC) issued an arrest warrant for Russian President Vladimir Putin on Friday – see here.
- Russia – drone attack video – see here.
- Senator Lindsey Graham floated the idea of starting world war three and called for the US to start shooting down Russian planes! See here.
- See who followed through and delivered tanks to Ukraine – see here.
- Shifting Poll numbers on America’s support for funding and weapons for Ukraine, Trump/Tucker/DeSantis Effect? See here.
- Protests erupt in France after French President Emmanuel Macron used special constitutional powers to pass a controversial pension bill without a vote – see here and here.
- Israel’s Prime Minister Benjamin Netanyahu reportedly ordered high-ranking officials and ministers of his coalition government to avoid meeting with US officials in D.C. until Biden meets with him – see here.
- Pardon Me, Have You Seen 2.5 Tons of Uranium Missing From Libya? See here.
- Smoking gun on Biden Crime Inc. Payments to Hallie Biden – see here.
- Biden’s executive order on guns – see here.
- The Federal Reserve has announced a timeline for the launch of its long-awaited FedNow payment service – see here.
- CDC purchased phone data of Americans from tracking companies to monitor compliance with lockdowns – see here.
- Senator Cassidy confronts Yellen on lies on Biden’s budget and Social Security – see here.
- James O’Keefe Announces The Launch Of His Newest Project Following Project Veritas Ousting – see here.
- The Parlimentary motive behind Jan 6 Fedsurrection – see here.
- A new body cam video emerges of Jan 6 that rebukes Jan 6 Commitee and prosecutions – see here.
- New Twitter file drop – see here.
- Culture Wars:
- A ‘training video’ on gender affirmation for parents from the Medical University of South Carolina – see here.
- The transman who was featured in Matt Walsh’s documentary “What is a Woman,” Scott Newgent, silences a live press conference full of media, shaming them and calling for the media to “Tell The TRUTH!” Defending against youth transitions and hormones – see here.
Truth Be Told Podcast: “Financial Weapons of Mass Destruction” March 18, 2023:
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Author: Bekah Lyons