Badlands News Brief
More Banks! And Some Weird Stuff, Too ...
The News Cycle is almost impossible to track these days. At least, to do so fully.
That’s where we come in.
In the Badlands News Brief, the Badlands Media team is going to take you through a few news items of interest from the previous day in an attempt to give you an overview of the biggest goings-on relevant to the Truth Community while introducing you to some brief, original commentary from our growing team of citizen journalists.
(Feel free to follow the corresponding link attached to each Badlands contributor’s name to check them out on other platforms.)
Now, onto the news from Monday, March 13 …
Big Trouble In Little Banks - Bailout Sparks Buying Panic In Bonds, Bitcoin, & Bullion
The Fed/TSY/FDIC stepped in and saved the world again last night... but nobody told regional banks, whose shares are down dramatically today...
Admittedly off the lows of the day, but all with multiple trading halts today. FRC, WAL, and MYFW are the highest default risk banks in the Russell 3000 Banks Subsector, according to Bloomberg...
But it's not just the small banks who are seeing default risk increase, all of the global majors are seeing CDS spreads rise...
And Credit Suisse CDS has never closed higher (and is now more than double the risk than at the peak of the financial crisis)...
[…]
If The Fed's backstop is so good, and the banking system is so resilient, why are these systemic signals worsening? — ZeroHedge
Our Take: “The fallout from the SIVB and now SBNY failures is just beginning. Despite the fact the Fed jumped in to effectively bailout the banks, the markets continued to tumble in response. Bear in mind, banks are in the business of confidence.
It's a confidence game.
Yes, I mean con job; but also, it's the game of con-fiding—a game of trust. Confidere is the root of confidence meaning to ‘have full trust.’ Banks are trust companies, in a general sense—meaning they are in the business of trust. A position of trust is one of the most sacred and essential, at every level of reality, most especially the human world of business, relationships, and civilization, is founded on trust. Ostensibly, banks are in the business of keeping our assets and wealth safe, receiving a small fee for their hard and consistent work. Of course, this is a tongue-in-cheek description highlighting the fact that banks in the modern age are the furthest thing from trustworthy.
The rigging of the system to favor the bankers is baked in. They breach trust, engage in backroom deals, and otherwise violate the spirit of a fiduciary as a standard business practice.
Corruption isn't an outlier, it's the business model. Trusting the international banking cartel (whose methods are used all over the world and have become the industry standard) is like trusting a doctor who's a serial killer or a firefighter who's an arsonist.
Only when WE THE PEOPLE regain the literacy we once enjoyed in the domains of law, trust, and finance (fiduciary law) will we have the clarity of vision to truly see the con job that is modern-day banking.” — Justin Deschamps
Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun
There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the collapse of the bank is tied to a $2 billion liquidity loss on bond sales which caused the institution’s stock value to plummet over 60%, triggering a bank run by customers fearful of losing some or most of their deposits.
There are many fine articles out there covering the details of the SVB situation, but what I want to talk about more is the root of it all. The bank’s shortfalls are not really the cause of the crisis, they are a symptom of a wider liquidity drought that I predicted here at Alt-Market months ago, including the timing of the event.
[…]
How long will this process take? It all depends on how the Fed responds. They might be able to drag the crash out for a few months with various stop-gaps. If they go back to stimulus then the banks will be saved along with equities (for a while) but rising inflation will suffocate consumers in the span of a year and companies will still falter. My gut tells me that they will rely on contained interventions but will not reverse rate hikes as many analysts seem to expect.
The Fed will goose markets up at times using jawboning and false hopes of a return to aggressive QE or near-zero rates, but ultimately the trend of credit markets and stocks will be steady and downward. Like a brush fire in a wind storm, once the flames are sparked there is no way to put things back the way they were. If their goal was in fact a liquidity crunch, well, mission accomplished. They have created that exact scenario. Read my articles linked above to understand why they might do this deliberately.
In the meantime, it appears that my predictions on timing are correct so far. We will have to wait and see what happens in the coming weeks. I will keep readers apprised of events as new details unfold. The situation is rapidly evolving. — Alt-Market.us
Our Take: “Brandon Smith’s takes on the financial system are always pretty compelling to me, as he tends to be a heterodox thinker who’s ahead of the curve when it comes to Macro economic predictions.
Smith’s take largely lines up with what many in this community are saying: the FED and Central Bankers—and by extension, the US Economy—are caught in something of a pincer move. Either they raise rates and continue to destroy insolvent banks, financial institutions and American companies, thereby further damaging/eroding confidence in the stock market, or they pivot and cut rates, prompting a new—and accelerating—run in inflation.
Either way, looks like time is running out on this current iteration of the US financial system.
Might not be a bad thing …” — Burning Bright
Border Patrol staffer questioned whether Ariz. rancher was ‘crazy’ when calling about alleged drug traffickers
A Border Patrol staffer is heard in a call questioning whether Arizona rancher George Alan Kelly is "crazy" before responding to his claims of alleged armed drug traffickers on his property.
Fox News Digital recently obtained several recordings of calls between Border Patrol and Kelly with the Santa Cruz County Sheriff’s Office from Jan. 30.
That evening, the body of a man identified as 48-year-old Mexican national Gabriel Cuen Buitimea was found on Kelly’s ranch outside Nogales, Arizona. Kelly was subsequently arrested for first-degree murder, but that charge has since been downgraded to second-degree murder. The Santa Cruz County Attorney’s Office, in releasing the calls ranging about 30 seconds to 8 minutes in length, stressed Kelly never dialed 911. The recordings are relays and contact initiated by dispatch.
In one call, someone from the Nogales Border Patrol Station tells dispatch, "My agents made contact with the caller’s spouse, who stated that there were five on the property, and the caller is currently trying to pursue them and is chasing them south. The five had a large backpack and possibly a rifle."
[…]
The rancher claims he found the body later that evening when out with dogs to check on livestock. Kelly’s attorney has suggested in court that cartels could be buying testimony against the rancher.” — FOX News
Our Take: “Without the proper facts, how can agents speculate on the possibility of this gentleman's mental status? Let alone that he is facing a lethal threat on his own property?
What is worse, the fact that he is also being charged as if he is the criminal for defending himself. Our justice system is literally protecting the perpetrators. Thereby rendering and leaving law-abiding citizens legally unable to defend themselves when faced with life or death decisions.
Notwithstanding, they are placed in a precarious position they did not ask to be placed in and should have every right to stand their ground and defend themselves.
This degeneration of our legal system is by design and often funded by District Attorneys and Judges who are corrupted by domestic and foreign lobbyists to be left unnamed for now.” — Johnny Q
Woman claiming to be Madeleine McCann submits DNA test
A Polish woman who believes she could be Madeleine McCann has submitted samples for forensic testing to determine if she is the missing Brit.
Julia Faustyna, who also goes by Julia Wendell, has been claiming on Instagram and TikTok that she may be the child – who disappeared from a family holiday in Portugal in 2007 – due to similarities in their age and appearance.
She has amassed tens of thousands of followers on both platforms as a result, posting under the handle @iammadeleinemccann.
The 21-year-old has submitted samples for three different forensic examinations that will outline her DNA sequence, along with a 23andMe-style genetic test to establish her ancestry, private investigator Dr. Fia Johansson told RadarOnline.com.
“If the results come back that she’s British or from that area then we are going to continue our investigation into Madeleine McCann and communicate with the detectives in Portugal,” said Dr. Johansson, who relocated Wendell from Poland to a safe house in the United States after a series of death threats. — The NY Post
Our Take: “This could end up being very, very interesting if this woman turns out to be Madeline McCann, who went missing when she was 3 years old as her family was vacationing in Portugal.
Some of you may remember the artist’s sketches related to her disappearance and how eerily they resembled John & Tony Podesta.
Should this turn out to be Madeline McCann, it will be anyone’s guess as to what transpires next.” — AbsoluteTruth1776
School pulls test question equating politics to race, gender
Virginia’s largest school system is removing a test question given to a college-level social studies class that equated liberals and conservatives with specific racial and gender demographics.
The question appeared on a test given to students of an AP Government class at Fairfax County Public Schools’ Online Campus.
The multiple-choice question asked students, “Which of the following is an accurate comparison of liberals versus conservatives?”
The potential answers for “liberals” included “Young, white males;” “Middle aged, urban lesbian;” “College-educated black male professional” and “White, upper-middle class suburban male.”
The potential answers for “conservatives” included “East Coast, Ivy League educated scientists;” “Southern male migrant laborer;” “Catholic, midwestern middle-aged male” and “West coast, Hispanic teacher. ”
Rory Cooper, a Fairfax County parent and school system critic who posted the question on Twitter, said it is offensive. — AP News
Our Take: “This is exactly what is holding us back as a nation in terms of ranking in education globally, alongside the fact that CRT/equity and inclusion are absolutely doing the opposite of what they propose to do by dividing our children instead of unifying them and teaching them the necessary life skills needed to succeed in today's real world.
We should be very concerned about keeping up as a global competitor if we are this low in academics as a country. What does this mean for our nation’s future if we do not turn this around immediately?
We also need to ask the hard question as to why this and other inappropriate subjects are taught in school, thus proving that parents need to be the arbiters of their children's education, not the school system.” — Johnny Q
We hope you enjoyed this brief look back at the major news items you might have missed in this ever-escalating and ever-accelerating news cycle as the Information War continues to rage on around us.
The Badlands Media team will continue to combine our cognitive powers in order to slow things down and find the signal amidst the noise as this series expands.
As always, if you have any thoughts on these news items or the MANY others swirling in the digital ether, drop into the comments below to share them with your fellow Badlanders.
Badlands Media will always put out our content for free, but you can support us by becoming a paid subscriber to this newsletter. Help our collective of citizen journalists take back the narrative from the MSM. We are the news now.
I've been predicting the fall of the financial system for 15 years. It came bundled with the understanding of how central banks and fractional reserve lending work. It's not even a little bit complicated yet we have had the wool pulled over our eyes for a century.
Some people listened. Not many.
As a response to BB's comment on the SVB segment saying that the end of the financial system might not be a bad thing........it might be very bad if this is a problem/solution episode to drive the introduction of CBDCs. Keep the Briefs coming, so useful for many of us. Love ya