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Yellen: “More Bank Mergers Necessary” as Banks Lose Tens of $Billions in Deposits the Past Two Weeks

It appears that the Biden Administration is abandoning their rhetoric that "the banking system is fine." CNN reported today that Treasury Secretary Janet Yellen met with CEOs of large banks yesterday and told them that "more bank mergers may be necessary." Her statements killed a stock rally this week that saw the stocks of regional banks increase 10%, in one of their best weeks since 2020. Not anymore. As ZeroHedge News reported today, reports show that $billions of losses in deposits at U.S. banks have occurred in the past two weeks, with over $70 billion lost in large US Commercial Banks.

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Expectations of an Imminent Big Tech Crash Bringing Down the U.S. Economy is Expanding

While I was among a very small minority in the 4th quarter of 2022 warning the public about the Big Tech crash that was coming and was a threat to bringing down the entire U.S. economy, judging from my newsfeed the past 2 weeks, I no longer think that this view is the minority view anymore. Both the alternative and corporate media are increasingly printing news and opinion pieces about how dangerous it is right now to have just a handful of Big Tech companies holding up the entire stock market, and mostly because of the hype over AI. I am going to highlight much of this news in this article, along with evidence that the banking crisis is actually getting worse, and then go further than most will dare to go, and consider the question: Is this all intentional??

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President Trump and Rudy Giuliani Sold Presidential Pardons for $2 Million

At the end of President Donald Trump's presidency in January of 2021, I reported how Trump not only did not keep his promise to "drain the swamp" when he became president in 2016, but that he proved that he was part of that very swamp based on who he pardoned in his last days in office. On his last day in office, Trump pardoned Israeli colonel Aviem Sella, the convicted handler of US-born Jewish-American intelligence analyst and traitor Jonathan Pollard, who stole US military secrets and sold them to Israel. Many of Trump's supporters were hoping that he was going to pardon two whistleblowers who have risked their lives to reveal the workings of the deep state, Edward Snowden and Julian Assange. In addition to not pardoning Edward Snowden and Julian Assange nor those arrested in the January 6th entrance to the U.S. Capitol, Trump pardoned several Big Pharma executives who had been convicted of medical fraud. And now we have reports that President Trump and his personal attorney and former mayor of New York City, Rudy Giuliani, in the true fashion of corrupt mafia criminal actions typical in NYC, offered Presidential pardons for the cost of $2 million dollars. While the Trump supporters will undoubtedly be quick to point out that the one making this claim of Presidential pardons being for sale for $2 million is part of a lawsuit by a woman who was a former aide to Giuliani and is accusing him of sexual harassment, and is not a trustworthy source, The Independent today has published an investigative report that corroborates her claim with a former CIA officer, John Kiriakou, who has stated the same thing; that he was offered a Presidential pardon by Trump for $2 million.

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Don’t Tell Chat AI Anything You Wouldn’t Want to See on a Billboard

Chatting with an AI program feels personal and conversational, but don’t be fooled. Here's why you should keep a lid on what you reveal to ChatGPT and its ilk. ChatGPT is a gossip. Google’s Bard, too, and maybe Bing AI. What you get out of them depends on all the information that went in. And that’s precisely the problem. Why? Because everything you ask them, tell them, or prompt them with becomes input for further training. The question you ask today may inform the answer someone gets tomorrow. That’s why you should be very, very careful what you say to an AI.

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Elon Musk is Latest Billionaire to be Subpoenaed in Jeffrey Epstein Virgin Island Case

Elon Musk became the latest billionaire subpoenaed in the Jeffrey Epstein Virgin Island case today. He has allegedly been trying to avoid being served since last month. According to investigative reporter Whitney Webb, Epstein provided business contacts to Musk helping him start Tesla and SpaceX. Elon's brother, Kimbal Musk, sits on the board for Tesla and SpaceX, and also dated one of Epstein's girlfriends. In a 2020 article published in The Sun, Musk's ex-wife Talulah Riley denied "truly awful" rumors that Ghislaine Maxwell had handpicked her to be Musk's "child bride", although she did admit that she and her then-husband Musk had been entertained at Jeffrey Epstein's house in New York City.

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$14 Billion in Foreign Deposits at Silicon Valley Bank were NOT Bailed Out – More than $1 Trillion Foreign Deposits at Chase and Citibank as U.S. Debt Crisis Looms

The Wall Street Journal sent shock waves through the financial world Saturday night when they reported that the FDIC seized nearly $14 billion in foreign deposits at Silicon Valley Bank in the Cayman Islands last March, mostly from Chinese investment firms, which had been waiting to gain access to their funds. It's not happening. As Pam Martens reported this morning, this will most certainly cause a bank run on all unsecured foreign deposits, which is over $1 trillion in just two banks: JPMorgan Chase and Citigroup’s Citibank. As Mike Shedlock of MishTalk.com reported, the FDIC has now sent a clear message to foreign depositors: You can't trust U.S. Banks. If this news wasn't bad enough, we also have the alleged political posturing going on right now over whether or not Congress is going to raise the U.S. debt limit, or default on some government obligations, like U.S. Treasuries. Asia (Japan and China) holds a vast majority of foreign held U.S. Treasuries, and probably a lot of the same investment firms that just lost all their deposits at Silicon Valley Bank. This past Friday, U.S. Treasury Secretary Janet Yellen stated that the U.S. has "to default on something" if a new debt ceiling is not reached by Congress, and that includes U.S. Treasuries.

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Google Introduces Plan to Use Generative AI to Take Over the Internet – AI’s Real Threat to Society

Google announced its new plans for AI this week at their annual I/O developer conference, and to say that not everyone in the Tech Industry was thrilled by their plans to integrate Generative AI into their search engine, would be an understatement. Emily Dreibelbis, writing for PC Magazine, published one of the more apocalyptic articles warning that Google could basically destroy most websites on the Internet. Maggie Harrison, writing for Futurism, issued similar warnings for the future of independent journalism due to Google's plan for Generative AI, noting that Google still owns 91% of all Internet searches. This is one of the REAL dangers of AI, the fact that the largest technology companies that control the Internet could very easily drive everyone else out of business and thereby control all the content on the Internet. And in fact, that trend has already started in the technology sector, as year-to-date there have already been 193,860 employees laid off in the technology sector, with many tech businesses failing, as well as some of their top banks also failing, like Silicon Valley Bank, that funded these companies. This investment in the future of AI, is the main thing holding up the U.S. stock market right now. Five technology stocks, Google, Apple, Microsoft, Meta and Amazon, have accounted for 89% of the S&P 500 YTD price return. It is looking more and more every day that we are looking at a total market collapse at some point, and then only the largest banks and the largest technology companies will be left, because they are "too big to fail," especially since the U.S. military and their Intelligence agencies all depend on Big Tech, who hold all their data in their Cloud Computing data centers. This appears to be the goal of the Wall Street billionaires and their bankers, since there is no way they can pay off their debts. Just crash the entire financial system, and choose which Tech companies and banks survive. Then they will have total control of the flow of money as they require digital IDs and work towards a Central Bank Digital Currency, operated by the Big Tech companies that survive, who will also control the flow of information through AI. Will enough Americans wake up soon enough to prevent this from happening, or will it take a total collapse of the economy to reveal what is really happening with this "Great Reset"?

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Berkshire Hathaway Investor Arrested by Warren Buffet at Shareholder Meeting for Pointing out Ties to Bill Gates and Jeffrey Epstein

Peter Flaherty, who is chairman of the National Legal and Policy Center and also a shareholder in Warren Buffet's Berkshire Hathaway company, was arrested during Berkshire Hathaway's annual shareholder's meeting last weekend for proposing that Warren Buffet should step aside as Chairman of the Board and CEO so someone else who was not tied to Bill Gates and Jeffrey Epstein could lead the company. "I was treated like any other criminal, fingerprinted, handcuffed," Flaherty said. "I've always been courteous with decorum at the annual shareholder meetings. I didn't raise my voice. I was not disruptive." As we have previously reported, Warren Buffet was one of the main board members funding the Bill and Melinda Gates Foundation just after the foundation started. The Foundation basically owns the World Health Organization. Flaherty said Buffet had donated tens of billions to the Bill and Melinda Gates Foundation, adding: "If 'woke' culture is a disease, then philanthropy is the virus. The Gates Foundation bankrolls the teaching of Critical Race Theory around the country, including that math is inherently racist. The Gates Foundation offers a Gender Identity Toolbox which asserts that gender is the result of 'socially and culturally constructed ideas. This is a lie. Gender is not a cultural construct. It is a genetic and biological fact. We know how much Bill Gates cares about children. He met and traveled with Jeffrey Epstein many times after Epstein was convicted of sex crimes."

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Twitter Rolls Out Encrypted Messaging, Don’t Trust It

Twitter did it. The company met a deadline and released something on the promised date under Elon Musk’s leadership. The social media platform put out its first-ever encrypted messaging option late on Wednesday night, just under the wire. Yet in the mad dash to deliver, the site seems to have made some confusing compromises, as outlined in a Twitter blogpost. To the company’s credit, it is upfront that its first stab at encrypted DMs isn’t perfect. “When it comes to Direct Messages, the standard should be, if someone puts a gun to our heads, we still can’t access your messages,” the Wednesday blogpost reads, quoting a previous tweet from Musk. “We’re not quite there yet,” it continues. As Twitter points out in its own statement, its version of encryption doesn’t necessarily protect against “man-in-the-middle” attacks. This means a technically competent bad actor or Twitter itself could theoretically intercept messages without the knowledge of the sender.

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Humans are Indispensable – Why AI will Never Replace Humans

Are you going to be replaced by a machine? Could a robot really be curious? Or experience love? Could a computer plot evil? Some really smart people think machines will achieve not just human but super human consciousness. Oxford professor of mathematics John Lennox and Baylor University computer engineer Robert J. Marks disagree. Non-algorithmic properties are solely attributes of humans. Computers will never show the creativity, empathy, or love that human beings do.

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