Ina
The Living Force
There is a youtube video for that.The targeting of home appliances is ramping up:
Dirty & Stinky: Biden Wants To Put THESE Rules On Washing Machine Use
Search for diy ultrasonic washing dishes and clothes.
There is a youtube video for that.The targeting of home appliances is ramping up:
Dirty & Stinky: Biden Wants To Put THESE Rules On Washing Machine Use
By Anton Wilen
March 16, 2023, 2:41 PM GMT+1
The board of Sweden’s biggest pension fund, Alecta, has instructed its chief executive officer to immediately initiate an investigation into its $2.1 billion bet on three niche banks tied to the collapse of Silicon Valley Bank.
Alecta’s CEO Magnus Billing called the investments “a big failure” after admitting the fund would probably write off its entire holdings in SVB and Signature Bank at a cost of about $1.1 billion. That figure looks set to rise further given the pension group also invested $915 million in troubled lender First Republic Bank.
“Another American bank that Alecta invested in has fallen sharply in value,” Alecta said in a statement on Thursday. “There is a risk that this investment will also be completely lost.”
The investigation will focus on whether the “current investment strategy, risk allocation and mandate for asset management are optimal,” Alecta said. The fund will use external resources to conduct the probe and make the findings public.
Moral of the story: why save if you can lose it later by making a failed investment.Apparently Swedish Alecta
which manages the biggest Swedish pension fund - chose only days before the crash - to flip-switch money to Silicon Valley Bank, and to that one that crashed, and the third which is believed to be the next candidate to crash (I don't know their names)
Result; they lost 23 billion SEK or 2.1 billion € in their "mistaken" bet - from our pension money. Tralala
I really wonder if that was a mistake, or some deliberate insider trick ?
Bloomberg - Are you a robot?
www.bloomberg.com
John Titus saw these banking issues coming probably before anyone else... at least publicly. It isn't just the regional banks in the US that are in trouble and vulnerable, but all the banks in the US as evidenced by the action in the Repo market since 2019 and the information that Titus provides. I'd image that this extends throughout the Western banks.
I think they don't want systemic problems right now with a complete credit freeze and the whole banking system going down. That wouldn't help their desired Great Reset, since I don't think they are ready to implement CBDCs and Digital IDs right now and with too much chaos they may lose control of the masses reactions and the ability to implement certain things.
So, I think they go with a controlled burn where they prop up and backstop the banking system in order to extend the amount of time they have to use toward their goals, until they are ready to pull the plug and do Bail-Ins. Yet, fake economic collapse could very well lead to real economic collapse as indicated in a C's session before they are ready.
What are AT1 bonds?
AT1 bonds are also known as “contingent convertibles,” or “CoCos”. They were created in the wake of the 2008 financial crisis as a way for failing banks to absorb losses, making a taxpayer-funded bailout less likely.
They are a risky bet — if a lender gets into trouble, this class of bonds can be quickly converted into equity, or written down completely.
Because they are higher-risk, AT1s offer a higher yield than most other bonds issued by borrowers with similar credit ratings, making them popular with institutional investors.
what Luongo is suggesting is that the Fed is making astute moves in opposition to the Davis/WEF crowd