The 2023 U.S. Banking Crisis is Already Multiple Magnitudes Larger than that of 2008.  Credit Suisse HQ, Zurich Switzerland
Hypothesis: The U.S. Federal Reserve and U.S. Government has become extremely adept at obscuring facts from Americans and the World at Large when it comes to financial crisis handling.
On March 31, 2016 the following headline appeared in Reuters: U.S. repo rates jump to highest level since 2008 at quarter-end. In the article, the following was noted:
The interest rate on the $5 trillion repurchase agreement market jumped to 0.85 percent late on Thursday, nearly double the level at Wednesday’s close USONRP=GCMN, according to data from interdealer broker ICAP. In the repo market, Wall Street dealers borrow from money market funds and other investors and pledge their Treasuries and other securities they own as collateral. Around the time before and shortly after collapse of Lehman Brothers in September 2008, this short-term lending cost spiked above 2 percent, ICAP data showed.
Last Week, On March 22, 2023 in an article on the New York Federal Reserve’s website titled: FAQs: Reverse Repurchase Agreement Operations, the following was noted:
Thus, WE HAVE A PROBLEM…AND A VERY LARGE ONE AT THAT!
Should one wish to learn which institutions are in trouble, click here and then download the .pdf spread sheets that show which banks and financial institutions are coming to the discount window begging for overnight funding!
The problem the astute observer will quickly ascertain is that the Fed, ” in the name of transparency” is two years behind on posting its data…most likely intentionally to obscure the depth of the current problem.
Click here to view a chart showing the rise in the repo rate.
Of course upward pressure goes hand in hand with the rise in interest rates, however, it is not clear from the data since the data is incomplete as to how balanced the repo rate is compared to the amount of borrowing going on.
A prime example (pardon the pun) of how to use this data can be seen in the .pdf file from 2021 where it will be noted that Credit Suisse, the storied Swiss Bank that recently failed, was coming to the Fed discount window on a regular basis. Credit Suisse was borrowing in the billions overnight on a regular basis. No telling how high that figure rose throughout 2022 and 2023.
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eBay has decided that robotic phone messages routing their sellers or buyers back to an online FAQ is acceptable. IT IS NOT. eBay is now killing off the last of its customer service as their profits continue to dwindle. The latest insults to sellers comes in the way of algorithmic [...] Read more →
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Credit Suisse HQ, Zurich Switzerland Hypothesis: The U.S. Federal Reserve and U.S. Government has become extremely adept at obscuring facts from Americans and the World at Large when it comes to financial crisis handling. On March 31, 2016 the following headline appeared in Reuters: U.S. repo rates jump to highest level since [...] Read more →
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I Verum usque in præsentem diem multa garriunt inter se Canonici de abscondito quodam istius Abbatis Thomæ thesauro, quem sæpe, quanquam adhuc incassum, quæsiverunt Steinfeldenses. Ipsum enim Thomam adhuc florida in ætate existentem ingentem auri massam circa monasterium defodisse perhibent; de quo multoties interrogatus ubi esset, cum risu respondere solitus erat: “Job, [...] Read more →
CHAPTER 1 – Introduction KING ARTHUR AND HIS KNIGHTS On the decline of the Roman power, about five centuries after Christ, the countries of Northern Europe were left almost destitute of a national government. Numerous chiefs, more or less powerful, held local sway, as far as each [...] Read more →
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Are you dissatisfied with the Savings Account and CD Interest Rates your bank currently has on offer? If so, go to https://www.treasurydirect.gov and open an account. The U.S. Government’s iBonds are currently earning 9.62% interest through October of this year. Individuals may purchase $10,000 worth of iBonds per [...] Read more →
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Country House Essays, the book is now in print. This is an eclectic collection of both original, and historical essays, poems, books, and articles created for our loyal reader hear at CountryHouseEssays.com. It is jam packed with reprints of articles from this website. The cost is $49.95 for this massive [...] Read more →
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Harvey Wiley, Chief Chemist of the Department of Agriculture’s Division of Chemistry (third from the right) with his staff, not long after he joined the division in 1883. Wiley’s scientific expertise and political skills were a key to passage of the 1906 Food and Drugs Act and the creation of the FDA. Read more →
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Model of San Felipe Reprinted from FineModelShips.com with the kind permission of Dr. Michael Czytko The SAN FELIPE is one of the most favoured ships among the ship model builders. The model is elegant, very beautifully designed, and makes a decorative piece of art to be displayed at home or in [...] Read more →
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Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
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Click here to read the full text of the Hunting Act – 2004 Click on the button below for a faster download version. Invalid download ID. Home Top of Pg. Archives Read more →
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U.S. Marine Corps War Memorial by Felix de Weldon Felix Weihs de Weldon, age 96, died broke in the year 2003 after successive bankruptcies and accumulating $4 million dollars worth of debt. Most of the debt was related to the high cost of love for a wife living with Alzheimer’s. Health care [...] Read more →
BOOKS CONDEMNED TO BE BURNT. By JAMES ANSON FARRER, LONDON ELLIOT STOCK, 62, PATERNOSTER ROW 1892 ———- WHEN did books first come to be burnt in England by the common hangman, and what was [...] Read more →
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Eadweard Muybridge was a fascinating character. Click here to learn how Eadweard committed “Justifiable Homicide” after shooting his wife’s lover in 1874. Home Top of Pg. Archives Read more →
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Dried Norwegian Salt Cod Fried fish cakes are sold rather widely in delicatessens and at prepared food counters of department stores in the Atlantic coastal area. This product has possibilities for other sections of the country. Ingredients: Home Top of Pg. Archives [...] Read more →
Dr. David Starkey, the UK’s premiere historian, speaks to the modern and fleeting notion of “cancel culture”. Starkey’s brilliance is unparalleled and it has become quite obvious to the world’s remaining Western scholars willing to stand on intellectual integrity that a few so-called “Woke Intellectuals” most certainly cannot undermine [...] Read more →
Click image to view larger version. For the somewhat startling suggestion in the heading of this interview, the missionary interviewed is in no way responsible. The credit of it, or, if you like, the discredit, belongs entirely to the editor of the Review, who, without dogmatism, wishes to pose the question as [...] Read more →
The Hunt Saboteur is a national disgrace barking out loud, black mask on her face get those dogs off, get them off she did yell until a swift kick from me mare her voice it did quell and sent the Hunt Saboteur scurrying up vale to the full cry of hounds drowning out her [...] Read more →
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Credit Suisse HQ, Zurich Switzerland Hypothesis: The U.S. Federal Reserve and U.S. Government has become extremely adept at obscuring facts from Americans and the World at Large when it comes to financial crisis handling. On March 31, 2016 the following headline appeared in Reuters: U.S. repo rates jump to highest level since [...] Read more →
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Quite possibly, the most agonizing decision being made by Baby Boomers across the nation these days is what to do with all that vintage Hi-fi equipment and boxes full of classic rock and roll cassettes and 8-Tracks. I faced this dilemma head-on this past summer as I definitely wanted in [...] Read more →
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Model of San Felipe Reprinted from FineModelShips.com with the kind permission of Dr. Michael Czytko The SAN FELIPE is one of the most favoured ships among the ship model builders. The model is elegant, very beautifully designed, and makes a decorative piece of art to be displayed at home or in [...] Read more →
Texas Tea Recipe 2 oz Cuervo Gold Tequila Home Top of Pg. Archives [...] Read more →
Filed under Miscellaneous. The Jubbulpore School of Industry is so thriving that the pupils, 800 in number, are obliged to work till ten o’clock at night to complete their orders; this they do most cheerfully. They are all Thugs, or the children of Thugs, and the hands which now ply [...] Read more →
The University of Tennessee in Knoxville, Tennessee has a long heralded tradition of assisting farmers and growers through it’s Agricultural Extension Service. The following bulletin entitled Grape Growing in Tennessee discusses the Muscadine variety of grapes among others. Muscadine grapes are often found growing wild in Tennessee. On my grandfather’s West Tennessee [...] Read more →
Add 3 quarts clover blossoms* to 4 quarts of boiling water removed from heat at point of boil. Let stand for three days. At the end of the third day, drain the juice into another container leaving the blossoms. Add three quarts of fresh water and the peel of one lemon to the blossoms [...] Read more →
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CHAPTER 1 – Introduction KING ARTHUR AND HIS KNIGHTS On the decline of the Roman power, about five centuries after Christ, the countries of Northern Europe were left almost destitute of a national government. Numerous chiefs, more or less powerful, held local sway, as far as each [...] Read more →
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PEACH BRANDY 2 gallons + 3 quarts boiled water 3 qts. peaches, extremely ripe 3 lemons, cut into sections 2 sm. pkgs. yeast 10 lbs. sugar 4 lbs. dark raisins Place peaches, lemons and sugar in crock. Dissolve yeast in water (must NOT be to hot). Stir thoroughly. Stir daily for 7 days. Keep [...] Read more →
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I Verum usque in præsentem diem multa garriunt inter se Canonici de abscondito quodam istius Abbatis Thomæ thesauro, quem sæpe, quanquam adhuc incassum, quæsiverunt Steinfeldenses. Ipsum enim Thomam adhuc florida in ætate existentem ingentem auri massam circa monasterium defodisse perhibent; de quo multoties interrogatus ubi esset, cum risu respondere solitus erat: “Job, [...] Read more →
Richard Barker KJ Title Pg. Robert Barker was the printer of the first edition of the King James Bible in 1611. He was the printer to King James I and son of Christopher Barker, printer to Queen Victoria I. Home Top of Pg. Archives Read more →
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Wine Making Grapes are the world’s leading fruit crop and the eighth most important food crop in the world, exceeded only by the principal cereals and starchytubers. Though substantial quantities are used for fresh fruit, raisins, juice and preserves, most of the world’s annual production of about 60 million [...] Read more →
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Nathaniel Bagshaw Ward What follows is a chapter from Nathaniel Bagshaw Ward’s 1852 treatise on terrarium gardening. ON THE NATURAL CONDITIONS OF PLANTS. To enter into any lengthened detail on the all-important subject of the Natural Conditions of Plants would occupy far too much space; yet to pass it by [...] Read more →
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The Beginnings of English Witchcraft It has been said by a thoughtful writer that the subject of witchcraft has hardly received that place which it deserves in the history of opinions. There has been, of course, a reason for this neglect—the fact that the belief in witchcraft is no longer [...] Read more →
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Hernando de Soto (c1496-1542) Spanish explorer and his men torturing natives of Florida in his determination to find gold. Hand-coloured engraving. John Judkyn Memorial Collection, Freshford Manor, Bath The print above depicts Spanish explorer Hernando de Soto and his band of conquistadors torturing Florida natives in order to extract information on where [...] Read more →
FORMULAS FROM VARIOUS SOURCES. Pineapple Frappe. Water, 1 gallon; sugar 2 pounds of water. 61/2 pints, and simple syrup. 2 1/2 pints; 2 pints of pineapple stock or 1 pint of pineapple stock and 1 pint of grated pineapple juice of 6 lemons. Mix, strain and freeze. Read more →
From Allen’s Indian Mail, December 3rd, 1851 BOMBAY. MUSULMAN FANATICISM. On the evening of November 15th, the little village of Mahim was the scene of a murder, perhaps the most determined which has ever stained the annals of Bombay. Three men were massacred in cold blood, in a house used [...] Read more →
Donate to the YouTube site owner Gabe and he might send you some chocolate…. Home Top of Pg. Archives Read more →
Furniture Polishing Cream. Animal oil soap…………………….1 onuce Solution of potassium hydroxide…. .5 ounces Beeswax……………………………1 pound Oil of turpentine…………………..3 pints Water, enough to make……………..5 pints Dissolve the soap in the lye with the aid of heat; add this solution all at once to the warm solution of the wax in the oil. Beat [...] Read more →
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St. Valentine kneeling in supplication – 1677 by David Teniers III There is nothing more delightful than a great poetry reading to warm ones heart on a cold winter night fireside. Today is one of the coldest Valentine’s days on record, thus, nothing could be better than listening to [...] Read more →
Four times the nuptial bed she warm’d, And every time so well perform’d, That when death spoil’d each husband’s billing, He left the widow every shilling. Fond was the dame, but not dejected; Five stately mansions she erected With more than royal pomp, to vary The prison of her captive When Hardwicke’s towers shall bow [...] Read more →
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THE sense of a consecutive tradition has so completely faded out of English art that it has become difficult to realise the meaning of tradition, or the possibility of its ever again reviving; and this state of things is not improved by the fact that it is due to uncertainty of purpose, [...] Read more →
From Fores’s Sporting Notes and Sketches, A Quarterly Magazine Descriptive of British, Indian, Colonial, and Foreign Sport with Thirty Two Full Page Illustrations Volume 10 1893, London; Mssrs. Fores Piccadilly W. 1893, All Rights Reserved. GLIMPSES OF THE CHASE, Ireland a Hundred Years Ago. By ‘Triviator.’ FOX-HUNTING has, like Racing, [...] Read more →
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