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Mar 26, 2023Liked by Henry Schumacher

47 years a doctor. They don't let me touch anything sharp, I just think about things - but I'm a good thinker. Whenever I run into a former colleague still alive and working, the first question that comes up is, "how long until the collapse?" Laypeople, even ones who follow "healthcare issues", have no idea how close we are.

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They'll call it a bail OUT, but we know it's functionally a bail IN

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Here at the WRSA site Mr. Bracken posted an observation. In the first paragraph, he wrote: "Americans better wake up..." I mean no disrespect but I would point out those in the know have been saying that since I was a 13 year-old teenager in 1960. The Amerikan Sheeple, Normies, and Cucks will NEVER wake up as long as the bread and circuses continue. Take this banking meltdown. All Mordor-On-The-Potomac has to do is print millions more Biden Bucks and distribute them. Everything will be fine.

I still remember the stories and used to watch the Hollywood propaganda put out during the Great Depression: "Happy Days are here again"; "We're in the Money", or Frank the Cripple - a soothing baritone voice over the radio telling desperate, non-thinking, poorly educated people they had nothing to fear but "fear itself". You get my drift.

Right now here in Winterfell (Kootenai County, ID), the Karens, Beta males, normies, cucks, sheeple will go to the polls tomorrow and vote themselves a perpetual property tax levy increase to fund their government indoctrination centers. The issue right now is will the voters in the CDA school district tax themselves into poverty. With the local Marxist Infanticide Party and teachers unions leading the charge, my money is on the levy succeeding. I will once again quote H.L. Mencken: "No one ever went broke underestimating the intelligence of the American people." This country is toast. Stay vigilant. Bleib ubrig.

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Well now, looks like the Treasury is spooked -- https://thelibertydaily.com/fed-moves-to-protect-their-woke-big-tech-donors-by-making-fdic-insurance-limitless/ -- Bail-in becomes Bail-out as the Treasury issues orders that the $250k limit be unlimited.

Is it possible that FDIC could not find a buyer?

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One thing I have observed in the SVB debacle that does not seem to get much press is that the regulators are throwing around the word 'dividend' in reference to the collapse. In my view that is a clear signal that the regulators have pulled the bail-in provisions to handle the SVB collapse. That brings up an interesting scenario.

SVB provided not only banking but payroll processing for clients. So employees of client firms of SVB probably did not get paid on Friday as expected. Thanks to state and federal labor law many of these client firms will most likely have to furlough their employees even if the firms do not go under themselves. The client firms are going to be made whole by being issued worthless stock in SVB. (Essence of a bank bail-in) That however does not solve the loss of working capital to meet payroll. So how would I head off the inevitable labor lawsuits for unpaid work?

It could be as simple as -- hey regulator, provide my stock certificates in 10 unit increments, paper please. I then issue those certificates in valuations equivalent to remuneration for the pay period in question to each furloughed employee. When the lawyer comes along you have proof the employee has been 'paid'. Fraud he will scream. Really? By who? The govt issued the script in good faith it had value. I as a good employer am merely in good faith fulfilling my obligation as your former employer. The fact that the certificate is as good a wallpaper will be immaterial and I will have the govt standing with me in support. Why? Otherwise the very fact that the certificates are deemed a fraud means that the bail-in was a fraud. That the govt cannot allow or their whole scheme crumbles.

Crazy? Well check your condition of employment. Yes you have a deal to be paid $X remuneration. Generally accepted it will be in USD. But does your employment stipulate ONLY USD? Most of the agreements I have ever signed indicate an amount but do not stipulate the sole vehicle of remuneration.

Fiat is as fiat does.

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And the trainers of the aforementioned 800 pound gorilla all seem to have a semitic sounding last (even first) name. They also have a penchant for masquerading as elephants standing in rooms adorned with the flag of an illegal semitic-supremacist country.

This country goes under unless you "strike the root". Do that or resign yourself to indentured servitude of medieval proportions!

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All very true.

Here’s a great dive of SVB mechanics for those so interested.

https://www.netinterest.co/p/the-demise-of-silicon-valley-bank

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