...the VIX is up 35%, and suggestions on how to fix the system
Monday, March 13, 2023, 9:30am EST By: Silence DoGood, MBA Stock markets are set to open sharply lower, as the fallout from Silicon Valley Bank, signature, Bank and Silvergate Bank continue to reel across the financial markets. Dow futures are down 300 points, S&P futures are down 1%, oil is taking a beating down 5%, Gold is rallying up $40 to $1,906, Silver is up nearly 6% to $21.70, and the VIX, which is a volatility index (a fear gauge), is up nearly 34% to 30. Information now spreads faster than at any point in human history, and the contagion caused by the failure of these banks WILL continue to reverberate throughout the economy, regardless of what great-grandmother Yellen has to say about it. Pundits have called them "mid-size banks", but considering SVB and Signature Banks are the second and third largest bank failures in the history of the United States, and considering the size and scope of their depositors, these are not just a "misfortunate series of events" that can be swept under the rug. The narrative of "your money is safe" continues to be spewed like a broken record. The enemy has no words of wisdom or love, only fear. The enemy can only tell you what they are being told to say. It should be clear to everyone that these are all scripted narratives, that what is pushed into the reality of each one of us is what they want to tell us, or what they think we want to hear. Although no one knew exactly how things might play out or will play on moving forward, we are at the point where if you have been listening to Silence DoGood, you should be in a more comfortable position than 98% of others. The biggest risk to the system moving forward is the system itself. Banks have been reluctant to raise interest rates on deposits on checking and savings accounts. As interest rates have increased to north of 5%, the average person is finally waking up to this reality and moving their money out of these demand deposits and into other products. Now after all, these deposits are still within the same system, but if you think of the Federal Reserve and every bank as part of the FDIC system as on a large ledger system, there has to be checks and balances within the entire system. Hence why there are separate chassis built behind the scenes like repo facilities and interbank lending operations. But when the scales get so lopsided, the Fed has no choice but to step in with Treasury and FDIC to come up with some creative patch job solutions. And patch jobs they are! That's exactly what we should all expect with a Fiat monetary system. And this reality, that we all live in this giant Fiat Ponzi scheme which is only backed by the military, is something that very few people are talking about today. One of the invisible hands that controls the government is The Wizard of Oz, and at the moment this is Jerome Powell at the Federal Reserve. He has far more power than the President. And anything short of him stepping down, or Congress signing a bill to #EndTheFed, there's not much Congress can even do. Powell can conduct insider trading, and they did absolutely nothing. Powell can conduct the orchestra into raising rates indefinitely, using flawed statistical data knowingly or unknowingly, and there are no repercussions. So whatever is in store, whatever happens, the people cannot just demand a new person. They need to demand a controlled demolition of the entire system, starting with the Federal Reserve and the Internal Revenue Service, or we can expect the same to happen that has happened in the past. Surely, we can all agree to start there and then work our way forward to illegal agencies, either government agencies or non-governmental agencies that guys themselves as Federal, including but not limited to starting with the Politburo-KGB-Stasi CIA, FBI & DOJ, then the DoE, FDA, CDC, EPA, et al. God bless and yours truly, Silence DoGood www.SilenceDoGoodOfficial.com @familyman20181 ☕✝️