(PatriotHQ) As the Biden Regime tries to bring the banking industry under the boot heel of the Fed the world is becoming ever more alarmed! Liberal politics are now turning into disaster politics as the once great United States begins its painful slide into the back pages of history.
Get this. Biden seeks new financial regulations without Congress! The Biden Regime’s failing record no doubt will turn the banking mess into another disaster. Just wait and see.
On Thursday, the Biden administration recommended new steps which bypass Congress, including requiring midsized banks to keep more liquid assets, increase their capital, complete frequent stress tests, and prepare "financial last will and testament" detailing how they can be shut down. (a.k.a. DIE)
But all this smells like a desperate attempt to resuscitate a dying prisoner already on death row.
Republicans and some moderate Democrats pushed to deploy a 2018 law eased some of the Dodd-Frank Act, which was passed after the financial crisis. This law raised the amount of assets a bank must have to be considered systemically risky and subject to stricter oversight from $50 billion to $250 billion. At the end of 2017, a Silicon Valley bank had $209 billion in assets.
The top Federal Reserve regulator told Lawmakers this week Silicon Valley performed a "poor" job of risk management. Both Republicans and Democrats have blasted regulators and the agency for not being strict enough. The Fed and other regulators seek to tighten bank standards, especially for institutions with $100 billion to $250 billion in assets.
In a divided Congress, Democrats like Senator Elizabeth Warren want to repeal the 2018 reforms, but analysts say this is improbable.
How odd everyone in the DC Swamp is ignoring the 500-pound gorilla in the room. The slow banking collapse is internal but is sending ripples throughout the world!
Let’s not forget how the Federal Reserved bailed-out China on the Silicon Valley Bank collapse!
Now the impact of US bank failures, US government mismanagement and US inflation ignited by the Swamp Spendaholics is frightening the world and causing a scrapping of the dollar by many countries!
Think this is a joke, no one is laughing!
Just look at this!
China is buying more and more gold, which could be part of a strategy against the USD! All the China gold reserves will be a powerful weapon to booster China’s alley’ currencies! Thus, who needs the America dollar if the Chinese currency and the currencies of its allies are backed by GOLD!
Therefore the American dollar will be scrapped!
Think this will never happen? Then why are these countries scrapping the dollar and making China their best buddies?
- Argentina
- Australia
- Brazil
- China
- Egypt
- EU
- Ghana
- India
- Iran
- Japan
- Kazakhstan
- Myanmar
- Russia
- Saudi Arabia
- Turkey
- Venezuela
- Zimbabwe
Some countries have know issues with the US, such as Russia and Iran, but what about Japan or the European Union or perhaps India!
The writing is on the wall.
The domestic banks are failing, and all the Biden Regime can do is scheme how to install racial equity and social justice.
However, internationally the US is no where to be found, why?
It’s more than just failed Biden policies and the lefts dubious intentions for America it goes much deeper than this.
If the 2020 election was stolen would G*d Bless America if it was run by election thieves and vote cheaters?
Your answer please…….
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