Pudding Brain saved us from Trump’s financial crisis. Hey, I’m just going on what the MSM is saying here!

What really happened is that a bunch of banks got caught in a squeeze on US Treasuries – because of Biden’s failed policies, those bonds lost a lot of value. Banks are required to have a certain amount of assets against liabilities, right? Well, the Treasuries were assets…which then cratered in value. This forced a lot of banks to try and dump the Treasuries (which nobody wanted because, of course, their value was on the downswing)…and this, in turn, led to a cash crunch: the banks didn’t have enough money to cover operations. Bye, Bye SVB and a couple other players. Fortunately, we’ve got Pudding Brain!

His people came up with this idea – and I’m not kidding here: the Federal Reserve will now loan failing banks money at low interest rates with the devalued Treasuries held as collateral at face value.

That’s it. That’s the plan. What could possibly go wrong?

Well, borrow half a million against your $250,000 house and let me know how that goes.

If you could. You can’t because you can’t borrow for greater value than your security. You know: laws of economics and all that stuff. The Banks can because they donate to the right people…and in the case of these particular failing banks, their depositors are also deeply connected to the Democrat ruling class (naturally with lots of Chinese connections, too; I’m pretty sure the boys in Shanghai gave Team Pudding Brain a call over the weekend). This is the merest papering over the cracks. It’ll likely keep things rolling for a bit. How long? Who the heck knows? Long enough for the connected to get their money back and into something besides a US bank. To loan this money the Fed will have to print which will put upward pressure on prices which will force the Fed to jack up rates some more which will punish Treasuries making their value drop even more (this is how they can claim it won’t cost taxpayers any money – because it will be Fed printing: but that devalues your assets in hand, and so it is a secret tax to bail out the Banksters. Again. Oh, what law are they using here? ROFL! Law! Like that matters. There isn’t any law which allows this – they’re just gonna do it).

Their hope is probably that it at least holds together until after Election Day, 2024.

The MSM is, naturally, asserting that the real problem is people noticing the problem. If we’d just please stick to the script, all will be well!

Tucker Carlson sent of a questionnaire to the major GOP candidates about Ukraine and got their answers back – Trump, DeSantis and Ramaswamy gave the best answers (and we’ll need Amazona for a ruling on him – he’s definitely born in the USA to people who were legally residing in the USA at the time of his birth…but I don’t know if they were citizens when Ramaswamy was born…but, anyways, he’s running: and the more I hear from him, the more I like). All three of them discounted our continuing effort in Ukraine – Trump and Ramaswamy more forcefully than DeSantis, but even RDS was noting how stupid it is to defend Ukraine’s border while ours is wide open. Pence and Christie gave the worst answers – essentially committing to the war with only small caveats about how we’ve done it. A lot of candidates didn’t respond, most notable Haley, who is probably trying to keep all her options open as her actual desire is the VP slot and so she’ll be wary of saying anything that would strike her off the eventual nominee’s list. I think that American popular support for Ukraine is very soft and entirely conditional – as long as Americans don’t feel any particular pinch, they’ll go along with it…but if push comes to shove, the people will reject the war. Better for the GOP candidates to be forthrightly anti-war on this issue.

Hey, Mark, why have you lost all faith in our institutions?

Well, skippy, I just found out that GlaxoSmithKlein hid the cancerous side effects of Zantac for 40 years. 40 years! Do you realize how many agencies in how many different nations had to be bribed to pull that off? The payoffs to bureaucrats, doctors and researchers must have reached astonishing levels – but I guess Zantac was such a money-maker that it was all worth it. To them. Not to anyone who got cancer because they wanted to cut down on heartburn. It staggers the mind when you really think about it – for 40 years a major drug company pushed poison on people and all the probably millions of people around the world who are paid to guard against precisely this…let it slide. And do note that I just heard of this – the report came out last month. When it suits the DNC/Ruling Class Narrative stories of a product causing cancer get 24/7 coverage…but for some reason this one seems to have slipped the MSM’s mind. Couldn’t be because right now Democrats are making bank on Big Pharma donations, could it?

HT: Ace of Spades