Will There Be Bail-ins? – Questions For Corbett #063
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A listener writes in to ask about the economic crash we’re about to experience. Will there be bank bailouts like in the 2008 crisis, or bank bail-ins as we’ve seen the banksters preparing for? Or will this be a different type of crash altogether? Join James for this exploration of the global banking architecture and how the banksters have been scheming to pick your pocket the next time they’re in trouble.
Watch this video on BitChute / LBRY / Minds.com / YouTube or Download the mp4
SHOW NOTES:
Bail-in: The Birth of the New Financial Order
Why Bank Bail-Ins Will Be the New Bailouts
Basel III: international regulatory framework for banks
Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in resolution
New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners
The Confiscation of Bank Deposits and The Derivative Debt: Ellen Brown on GRTV
Bail-in in the new bank resolution framework: is there an issue with the middle class?
How To Beat the Banksters at Their Own Game
Filed in: Questions For Corbett
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Or perhaps the currency reset will bring about something even worse. These times are so unprecedented that I think the financial aspects may prove to become a minor issue.
If you look at the genocide of the elderly, the pushing of the stimulus checks to become UBI, medical passports, the critical theory based outrage groups, and the overwhelmingly submissive population; we have a real problem on our hands. Which very few people can see.
What is the next group to be targeted for elimination? What will the next BLM target be? Will the masses of asses realize in time that the powers that cower intend to kill them? This is an all encompassing strategy designed for ? Agenda 2030? Georgia Guidestones? Worldwide destruction? Atlas is shrugging and the majority still has no clue. Liberty will win, but it’s going to have quite the price tag.
‘..Or perhaps the currency reset will bring about something even worse..’
I expect the solution in the form of Tecnocracic E-credits or whatever will be introduced with a ‘gift’ of short lived prosperity. A spoon full of sugar to help the medicine go down without people complaining too much,
But how would that compare to the state deciding to eliminate another section of the population? This whole affair smells of the worst aspects of the worst forms of government.
You could be right, I dont know.
But right now it appears they are pulsing the choke like a constrictor snake tightening every time its prey takes a breath rather then just flat out trying to crush. I think there may have been the beginnings of enough push back to rattle them back into the slow slope, but I dont know.
Pushbacks would have been expected. And in their favor as so few did so. All it did was identify targets and encourage them. Note how quickly they stopped highlighting the pushback and gave us the Floyd. They’ve done well.
I’ll second this. Not to join a depression train, but all of this is going to hurt a LOT of people. Completely needlessly. Well, with or without need, I guess that’s subjective.
Great questions, I Shot Santa. I don’t have deep financial/market knowledge, but I do understand that fiat currency is debt-based.
I think your alluding to “the powers that cower” matches with my seeing that they are pulling out all the stops really quickly here, and it’s a sloppy job because I think they didn’t expect the uptick in humans bringing more peace, joy, health, and harmony to their individual lives. And even if these folks went the New (c)Age route, their efforts were still minimizing the amount of fear, hatred, cruelty, and disease, all so craved by the controllers.
Their agenda is multi-pronged (and I mean “pronged” quite literally), and you mention some of the plans, but it boils down to a trans-human, total enslavement agenda. Whether anyone believes this or not, there is a fight between two factions: Luciferians, who are the technology worshippers using exotic and some terrestrial tech to literally dehumanize us; and Satanists, who use ritual abuse and sacrifice to empower themselves with dark energy forces. These two controlling groups hate each other, but they hate humans more, because they do not have love, compassion, or true creativity: They only have “programs” that they’ve repeated in slight variations over millennia.
The good news is that, because of their own fear of losing control of us, they moved rapidly and are now fully out of the shadows. We know them when they speak openly of the New World Order, when key individuals in, for example, global crises like the pedo networks, are “suicided,” and when they lie blatantly (like the Governor here in Commiefornia who declared a public health state of emergency over an illness with flu-like symptoms that 1) never achieved qualifying numbers of deaths—and still hasn’t—to do such a declaration, and 2) has continued the fake pandemic well beyond any reasonable point, fully against our state constitution).
So they’re now visible. But all we can do is remain hyper-vigilant and attempt to wake people from their slumber, their infantilized desire for safety, security, entertainment, and convenience. These people suffer from trauma-based mind control built into all forms of advertising; film/tv; music/music videos; rich-tasting foods and food-like products; and technology. I offer compassion to a point, since they have to want to heal. We’ve got a big job on our hands if we intend to defeat the controllers. But I’m ready!
While I agree with your description of these overlords, I don’t think they are desperate. They have already killed the economic infrastructure, the distribution networks, the small businesses, even much of large corporations. Currency is a joke as well.
The new age movement was crippled by its insistence on wishing, rather than taking action, its success. Television is still a dominant force, especially when you include the people who use their computers as one. Only watching mainstream sources. The constant fear of a majority of the people also keeps them from thinking clearly. If they ever did so at all. The nearly universal abuse of destructive drugs, such as alcohol, pharma pills, meth, Anna, etc., have also dumbed people down to an incredible extent.
And let’s not forget the rising popularity of far left movements such as BLM, antifa, the LGBTABCDEFG, militant feminism, etc.
We basically have a state sponsored communistic replacement of our corrupted republic. And how many people really understand it? How many still think in terms of left or right? And of those, how many are so submissive that they insist on waiting for someone to tell them what to do?
Whenever I see the looters on the net, I never see any planning from the opposition. Just random people making a halfhearted stand. Or peaceful protesters passively allowing the mobs or police to abuse them.
We are actually at war right now. Our means of survival have been destroyed, we just haven’t felt the impacts of it yet.
While I believe we should keep preaching the gospel of freedom; I’m armed as well.
I’ve been accused of promoting violence here. Of being a warmonger; or wannabe Rambo. But I doubt anyone here hates war more than I do. I’ve seen it, and am repulsed by it. But it is here. And to deny it is suicide. And also the biggest reason why the body count will be so high. Because we concentrate on tactics that used to be good, desperately wishing the terrain hadn’t changed.
It hasn’t reached the point where I am at yet for such a response; nor would I join any revolutionary/civil war movement; but it has in many places. And in all of those places, the people have cowered in the face of the mob.
We are truly in the last stages of atlas shrugged. As for me, I choose to withdraw from the battle like John Galt. But I don’t have the skills of that person. I’m more like the pirate, but a landlubber.
We are in desperate times, because no one is willing to stand. Pacifism doesn’t work against the mob. The mob is a cowardly force and it loves to tear pacifists to shreds. I’m so saddened by the bloodshed to come. It is so unnecessary.
Thanks, I Shot Santa. Let’s stay in warrior mode and be prepared to stand up for our individual sovereignty in all situations!
You’re so welcome! And I will.
Hello All,
How does one actually submit a Question for Corbett? My Apologies. I’m new to this site. Any help would be appreciated.
Thanks,
D
Hi D, i believe the main way suggested is to leave it in the comments of the previous questions for corbett ie this one. He has mentioned you can do audio questions via speakpipe or send a video link. I assume these options are just via the contact link at top of page.
Nick
If one is against bailing banks out, does that mean you’re in favour of “bailing in”? That’s what happens when a bank fails, depositors lose their money. Honest question, “bailing in” seems horribly unfair, I just don’t see how you avoid one without accepting the other.
Bail-in is more fair than bail-out.
Bail-in reminds on regular bankruptcy and that is “supposedly” ok.
In some ways its better when that happened in the old days in that people are more careful about WHERE they put their money if they fear loosing it.
People used to need to know their banks and bankers….the real bad thing is that banking has become so tied up that existing outside of the walled garden its system creates is getting harder and harder.
People used to just pull their cash and do without banks- stopping people from doing that has been almost number one on the list of authoritarians for the last 50 years
I’m gonna rent a room with those funky curtains at the IBS. Just under the boot part…
Not all central banks are privately owned, for example Deutsche Bundesbank and many others.
GCC is/will be responsible for crisis?
Please, it’s not history from millennia ago.
What about years of printing money and other economic insanities?
What about capitalism reaching its limits and further markets are needed as green new deal, space…?
For years we forecasted it, it was not the question of if but when. Hope we won’t be blinded by plandemic.
Don’t like GCC abbreviation because it means originally GNU Compiler Collection, an unmitigated good.
Mik
Sorry to have to post when I know you wish I would not interact but I think you are wrong in your interpretation of the Deutsche Bundesbank.
No replay expected or needed
From wikipedia
Its based on the FEDeral reserve system of the USA
‘… n its federal structure, it was modeled on the Federal Reserve System of the USA. It comprised the central banks of the states (Länder) of the West German occupation zones and the Bank deutscher Länder in Frankfurt am Main, which was created on 1 March 1948. The central banks of the Länder acted as central banks within their areas of jurisdiction.
‘…The Bank deutscher Länder, whose share capital was held by the central banks of the Länder, was responsible for issuing bank notes, co-ordinating policy and various central tasks including management of foreign exchange. The supreme governing body of the two-tier central bank system was the Central Bank Council (Zentralbankrat) set up at the Bank deutscher Länder….
It exists as a money power unto itself, as did the system predating it
‘…… The Bank deutscher Länder was independent of German political bodies from the start, including the federal German government, which was active from September 1949. It achieved independence from the Allies in 1951…’
‘…The legislature fulfilled this obligation by passing the Bundesbank Act (BBankG) of 26 July 1957, which abolished the two-tier structure of the central bank system.[4] The central banks of the Länder were now no longer independent note-issuing banks, but became regional headquarters of the Bundesbank, nevertheless retaining the title “state central bank” (Landeszentralbank).
The Central Bank Council remained the supreme decision-making body of the Bundesbank. It was now made up of the presidents of the central banks of the Länder and a board of directors based in Frankfurt….’
It is pretty much like the FED only MORE free to do whatever it likes for its own reasons
“…As the state’s banker, the Bundesbank provides accounts and performs normal banking services for federal, state (Land) and local authorities, as well as for the statutory social security organizations. All such accounts are required to have a positive balance, i.e. the Bundesbank is not allowed to grant credits to the public sector. This is due to negative historical precedents in connection with the financing of two world wars by the Deutsche Reichsbank. It also carries out securities transactions for the federal government (Bundesfinanzagentur).
The Bundesbank as the keeper of the currency reserves
Currency reserves are all assets of the Bundesbank that are not specified in EUR, including gold reserves, securities in foreign currency, credit with foreign banks, foreign exchange, etc. Currency reserves can be invested for profit and also provide a possibility of intervening in the market if the exchange rate fluctuates strongly. The gold reserves of the Bundesbank are the second largest in the world (after the U.S Federal Reserve). As of late 2011, the Bundesbank has over 3,000 tonnes of gold reserves…’
BUZZ OFF STINKING TROLL
IT’S NOT MY WISH, IT’S MY DEMAND
IN REAL LIFE, IT WOULD BE MY FIST
BECAUSE YOU DON’T UNDERSTAND OR WANT TO
EVEN IF I AM WRONG, STAY AWAY FROM ME TROLL
https://www.corbettreport.com/interview-1553-new-world-next-week-with-james-evan-pilato/#comment-86604
Not trying to stir the pot, and I’ve had my own squabbles with duck; but your link referenced a reply you had made to me. As in doubting BLM as a Marxist coup. Highimpactflix or vlogs just put out a video where the cofounder of BLM admits to being a trained Marxist.
Again, I want to keep this statement separate from your beef with Duck. Also, I still hold that it will be a bloody failure on their side.
Hola James,
Thank you for this detailed report.
Note: I was able to find Quigley’s book on Amazon, including an ebook.
Is this the same book?
https://www.amazon.com/Tragedy-Hope-History-World-Time-ebook-dp-B00KWM3WT2/dp/B00KWM3WT2/ref=mt_other?_encoding=UTF8&me=&qid=1593538506
Excellent book! Got mine in ebook form as well. But from B&N. I refuse to use Amazon.
https://archive.org/details/TragedyAndHope_916
audio version makes my ears bleed, have no idea if its textually accurate but they have a loanable text copy too (free account)
https://archive.org/details/tragedyhopehisto00quig/page/n11/mode/2up
You can download a PDF of Quigley’s book at his website here: http://www.carrollquigley.net/pdf/Tragedy_and_Hope.pdf
Just in case you weren’t aware, if this apparently herculean read is too much (its put me off over the years), Joe Plummer has written a book Tragedy and Hope 101 which focuses on the more pertinent details, as apparently its 95% dry historical account with 5% gold nuggets among it. You can read or listen for free from his site https://www.joeplummer.com/tragedy-and-hope-101 (James interviewed him at the time he wrote it). I’ve just started listening myself.
Cheers
Nick
BUMP
BUMP
Free Tragedy and Hope 101 via Joe Plummer
RE: FDIC “insurance” of $250,000
The same Frank-Dodd that set up the bail in also gave the FDIC the right to not pay us cash. Yes! very few people know about this. The FDIC may “pay” the $250,000 to the very failed institution that we loaned our money to and it’s up to that very failed institution to pay us back.
“Although the FDIC will provide pass-through deposit insurance coverage to the actual owner(s) of a fiduciary deposit the FDIC does not pay the deposit insurance directly to the owners or customers. Rather, the FDIC will pay the deposit insurance coverage to the fiduciary. In turn, the fiduciary will be responsible for distributing the deposit insurance payments to their customers. The FDIC does not attempt to supervise the relationships between fiduciaries and customers or the distribution of funds from fiduciaries to customers. Customers are urged to contact their agents/brokers regarding the status of their investment funds, as the FDIC depends on those parties to supply the necessary information to determine insurance coverage.”
https://www.fdic.gov/consumers/banking/facts/payment.html
Unrelated:
This may have meant to be funny but I think It says alot.
https://www.reddit.com/r/Unexpected/comments/hitio4/be_aware_of_covid19_guys/
https://www.youtube.com/watch?v=Ky5Y99wb_00
The red hands reminded me of “the Cheese Touch”
Not exactly on topic, but….
Goals of UN Agenda 21 in 5 minutes with Rosa Koire
https://m.youtube.com/watch?v=thRD6YVCoLQ
“They’ve digitized the world more in the last 10 weeks than they have in the last 10 years.â€
P.S. James’ interview with Rosa Koire in case anyone missed it. Also. I know we know about Agenda 21, but I thought Rosa’s current video above is one of those bite size types for sharing in case anyone wanted to.
https://www.corbettreport.com/corbett-report-radio-241-un-agenda-21-exposed-with-rosa-koire/
thanks I dont think i’ve seen that one.
You’re welcome. 🙂
Thanks again Debra for
Goals of UN Agenda 21 in 5 minutes with Rosa Koire
https://m.youtube.com/watch?v=thRD6YVCoLQ
I thought of your “repeat the message†when I posted this, HRS. 🙂 The Corbett Report being as well researched and presented as it is, was the reason I stayed with it. I wouldn’t know about Agenda 21 were it not for James Corbett and Broc West. I realize we are the leaders of our own lives, but someone else may still occasionally point the way.
It’s you CR commenters who send me in a gazillion directions…..just kidding. 🙂 You all point the way as well.
Frightening how much of that has already come to pass. A chill went up my spine on the destruction of small businesses. That having just been accomplished. It was odd hearing James run this like an actual radio show. Complete with commercial breaks! Now I have a new book to buy! Plus, I bookmarked the book Communalism that Bladtheimpaler referenced in the comments. I always feel as if I’m getting further behind the more I learn. Thanks. You’re always a lot of help.
Hey, I just replied to you below. Lol
Yes. Frightening is a good way to describe it. I know what you mean. I never feel caught up. I don’t think we can be or we wouldn’t have time to live our lives. Even then, there are aspects I, personally, just won’t grasp very well. I don’t feel like I’m much help, but sure do appreciate you saying so. And, you’re welcome! 🙂
None of us can do a lot on our own. But yes, you are a great help. Despite knowing how much planning has gone into this. How insidiously interwoven into our lives it has become; I have absolutely no doubt that liberty will win. Unexplainable, but true. Remember, many were called, but we answered.
“Unexplainable, but true.â€
Certain profound experiences which we may have had in our lives are often and quite naturally unexplainable to others. And, one cannot cease to know what they know through experience. These experiences are the purest form of truth one can have, in my opinion. I haven’t experienced what you have, but I know that’s the place from where you speak. And, in that sense I know it’s the truth. I hope that makes sense.
It does. Though I admit the thought of how many will perish brings tears to my eyes on occasion.
Behind the green mask is now on my wishlist. If it wasn’t for ebooks, I’d never be able to afford to read all that I do. Though I do miss the smell and feel of real books. But content is my main goal.
do you use internet archive?
https://archive.org/index.php
There are so many books its kinda sad to realize I’ll die of old age before I make a real dent
I do now. Thanks.
By the way, just got through with a Phillip K. Dick story called The Variable Man. A man brought back from the past into our future, whose actions couldn’t be predicted. He changed the course of humanity. I find this relative as the powers that cower rely on us as if we were chess pieces, but we’re not. We’re all variable men. That’s important to remember.
Thats true, but if I’m not careful I could also be like the guy at the very end of the story “they live” was based on and not make that final leap
http://whale.to/b/eight_o.html
For those that never read it I wont spoil it more then that 🙂
I used to love old sci fi but now i walked here the future looks less cool.
lol
Guess he didn’t master it in time to save himself. But at least he got the job done. Yeah, this future isn’t anything like I thought it would be. Where’s my flying car?
Or rather, this being the goal of which the financial arena is but one of the tactics used to achieve it. Good video. I hadn’t realized they’d gained so much ground! Tazer set to kill!
This is the “America2050.org†website found on wayback machine through April 14, 2020. After April 14, it redirects to rpa.org (Regional Plan Association). They completely switched it up and are hiding the earlier info. You have to go back to 2019 for some of the info that was on the site earlier. This is the America 2050 plan. Maybe it won’t take until 2050 the way they’re going. Or they’ll just torture us slowly once they have enough in place.
https://web.archive.org/web/20200414071123/http://www.america2050.org/
I thought that fell apart. I know the wildfires seemed to line up with their railway plans. And they have a lot of bridge to nowhere type railways out there. Of course, in my part, it’s supposed to be a wildlife management zone, so I’ll be better positioned.
She says here in this interview that Agenda 21 is a 100 year plan and within the plan are milestone years which are 2020, 2025, 2030 and 2050. This is the the only interview she’s done that I could find since the virus madness started. Not too long of a video (36:23 running time) and she explains more stuff.
https://m.youtube.com/watch?v=EGA18p_XerE&feature=emb_logo&time_continue=1949
Excellent interview. And the agenda is definitely being sped up. I also looked at the America 2050 site. Didn’t like it. Hegelian dialect all over it. But liberty will win.
‘..Maybe it won’t take until 2050 the way they’re going. Or they’ll just torture us slowly once they have enough in place..’
I wish I could say you were wrong, but comparing the world f 1990 to 2020 I can imagine how bad it could get in a a few decades.
ðŸ™
Yes. I agree. Somehow, at times, it doesn’t feel as though 30 years have gone by, Or, maybe I’m just feeling old. Unfortunately, knowing the plan doesn’t make it any less nightmarish when it’s actually happening.
Apparently Cyprus banking was an off shore destination for Russian money, legal or illicit, escaping the Russian taxman. The Russian depositors were given a heads up just prior to the bail ins and had moved all their accounts accordingly. One set of rules for the ‘in crowd’ and another for the dweebs no matter where they hail from. Another example of the closed circuitry that exists within the planet’s ‘pyramid cap’ that already knows no national boundaries and is very desirous of turning the world into an even easier oyster to open and take as much of the flesh and pearls as they see fit.
Gosh! I really love this new “Questions For Corbett” format.
JO brought up a great question and a very important topic (our money!) in this June 30, 2020 “Will There Be Bail-ins? – Question For Corbett #063”.
I grinned with JO’s “GCC – Global Covid Crash”.
Towards the end of the video, Corbett points out that this coming financial crisis is not at all like the 2008 crisis.
Corbett brings up some of the factors which are like dry kindling waiting for the match.
After the U.S. November election, I think a lot of Americans will be crying.
PENSION FUNDS (People’s Retirement)
There are thousands of pension funds cross the U.S. Most are in very deep water with no land in sight.
CalPERS is the largest pension fund in the nation. It includes more than 1,300 school districts and 1,500 public agencies in California.
Jason Burack with Wall Street for Main Street gives us a 9 minute overview of recent CalPERS exploits, complete with references.
DESCRIPTION:
Jason talks about the news that has come out in the last few weeks about how the US’ largest pension fund, CALPERS, is now planning on leveraging up 20% of its total assets (or around $80 billion)(borrowed money) and then also using a dangerous risk parity hedge fund trading strategy.
CALPERS Is Now A Hedge Fund?
https://www.youtube.com/watch?v=ZkRsmJuhkTM
Burack brings up that the Chief Investment Officer at CalPERS was also involved in handling China’s 3 trillion in currency reserves as an investment officer for “China’s State Administration of Foreign Exchange” (SAFE).
They might as well turn it into a hedge fund. After destroying our entire economic system, and patching it up with helicopter money, those funds would be doomed even had they not already been so badly managed.
It’s becoming more and more obvious that the state is deliberately destroying all aspects of our society. And yet, almost nobody notices. That’s what ensures the bloodbath to come.
Note that in Australia they have an equivalent of the FDIC bail-out for retail deposits but on reading the fine print, upon a bank failure, the mechanism for a bail-out will only be set in motion on approval of the govt. This means it is not an automatic process but subject to political whims. Across the Tasman in New Zealand there is no bail-out. This is explicitly stated on the RBNZ website that there will be a bail-in but euphemistically called the “Open Bank resolution”. Again I suspect this too will be political suicide for the political party in power so how it will exactly play out is also suspect. The solution is to divorce yourself as much as is practicable from this debt-based centrally controlled banking system and store value in gold, silver and Bitcoin under your direct control.
James makes reference to “credit unions” as being one possible answer to the threat posed by potential bail-ins. Does anyone know whether they exist in Japan? In Japanese I believe it translates as “shin yokumiai.”