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$2 Trillion Bailout
00:09:43
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| Okay, we were just told that the Federal Reserve is going to inject up to $2 trillion into the banking system in the U.S. to prevent a systemic collapse. | |
| And, of course, we're told at the same time by Janet Yellen that everything's fine. | |
| It's all good. | |
| It's all safe. | |
| The system is stable. | |
| Nothing to worry about. | |
| Why do you need to inject $2 trillion, folks? | |
| This is only the beginning and this is already the scale of the 2008 subprime mortgage collapse situation. | |
| I don't recall the total amount there, but it was kind of low single trillions is what they ended up creating for that bailout. | |
| This is a bailout and it begins with $2 trillion and it's going to become $4 trillion, $6 trillion, maybe $10 trillion by the time this is done. | |
| They're going to print money like mad to bail out the system while telling you it's all safe and stable. | |
| That's what's happening. | |
| Now, this $2 trillion figure for the initial bailout is fascinating to me. | |
| Number one, this is quantitative easing. | |
| This is flooding the system with literally trillions of dollars. | |
| This is going to cause massive inflation. | |
| We'll talk about that in a minute. | |
| But the $2 trillion – well, let me back up. | |
| Last week, the FDIC admitted that U.S. banks had a $650 billion shortfall. | |
| So that's $0.65 trillion, right? | |
| Two-thirds of a trillion. | |
| And that shortfall is because the deposits that the banks – Have the depositor money, the banks have invested it in mortgage-backed securities and low-yield bonds and things that do not hold their value. | |
| And as a result of that, banks are missing $650 billion in value that represents depositors' money. | |
| In other words, if depositors all took their money out right now, Hundreds of banks would fail because, well, the banks would come up short. | |
| And Moody's even downgraded the entire financial banking sector of the United States, saying it's got problems, essentially, paraphrased. | |
| Then after that admission by the FDIC that the banks were $0.65 trillion short... | |
| A study came out, a study I mentioned two days ago, that was published in an economics science journal. | |
| And the study found that the actual shortfall of deposits or assets across U.S. banks was not $650 billion, but rather $2 trillion. | |
| Exactly, $2 trillion, which is the same number that we're now hearing from J.P. Morgan analysts who are saying that the Fed is about to dump $2 trillion into the banking system. | |
| Do you think that's a coincidence? | |
| I think not. | |
| They're $2 trillion short. | |
| The Fed is pumping $2 trillion into the banks and saying everything's good. | |
| Now, the rational question on all of this is, where does this end? | |
| We know where it ends. | |
| This ends in a hyperinflationary total collapse of the system. | |
| But the powers that be want you to pretend that, oh, this is the last liquidity injection needed. | |
| Now that this is done, everything's safe. | |
| Go back to sleep. | |
| Don't pay attention. | |
| Put your money in the banks and just leave it there. | |
| Don't take any money out because that's bad. | |
| You might cause a bank run. | |
| So just leave it in there and we'll all be fine. | |
| Well, you and I know That what's actually going to happen is hyperinflation. | |
| So the $2 trillion that they're dumping into the system right now, this is of course going to spill through the money supply. | |
| It's going to flood the money supply. | |
| That's a better metaphor. | |
| And it's going to lead to far more dollars chasing the same limited amount of goods and services. | |
| And you know what happens next. | |
| Prices go sky high. | |
| Inflation. | |
| Now, who does inflation hurt the most? | |
| It hurts the poor, right? | |
| Even working class poor. | |
| But especially just straight up poor, poor. | |
| Poor people are really hurt by inflation. | |
| Who is the bailout helping the most? | |
| Oh, rich banksters. | |
| That's right. | |
| Financial gangsters. | |
| The banking cartel members, that's who's getting bailed out. | |
| Even the woke ones, you know, the woke idiots that ran Silicon Valley Bank. | |
| Yeah, well, their bank's getting bailed out. | |
| I mean, they don't call it a bailout, but it's a bailout. | |
| It's the non-bailout bailout. | |
| Same thing across Signature Bank. | |
| Another super woke, libby-libby, left-wing, woke idiot bank getting bailed out by the FDIC, by taxpayer money. | |
| Which is essentially created money, printed money. | |
| And again, who's hurt the most? | |
| Well, obviously it's going to be the poor. | |
| So bail out the rich and sock it to the poor. | |
| That's exactly what the Federal Reserve is doing. | |
| That's what the Biden administration is doing. | |
| That's what Janet Yellen is doing at the Treasury. | |
| That's what's happening. | |
| Bail out the rich, sock it to the poor. | |
| But it's not just bailing out the rich. | |
| It's bailing out the woke idiot rich. | |
| The wokesters. | |
| You know, who spent all their time focused on lesbian awareness day instead of risk awareness day, right? | |
| Or, you know, trans party time at the bank instead of, hey, let's find out a way to not lose people's money. | |
| How about that? | |
| Let's focus on that. | |
| They didn't want to be nerdy. | |
| They wanted to be wokey. | |
| And so, yeah, they got all woked all the way to the bankruptcy. | |
| You know, get woke, go broke. | |
| So now... | |
| The woke are getting bailed by the broke. | |
| Think about that. | |
| Now, most of my listeners are people who aren't low-income people. | |
| Most of my listeners are far better off. | |
| So you listening to this are probably not going to be thrown into bankruptcy because food doubles in price. | |
| It's going to be an inconvenience. | |
| You'll scream at the grocery store. | |
| You won't like it. | |
| I mean that both as in you will gladly pay triple for food rather than starve, but also you are going to pay triple for food. | |
| You're going to pay quadruple for food. | |
| Food inflation is going to go insane. | |
| And I remember Marjorie Wildcraft making a prediction in an interview I did with her a little while back. | |
| She said that she thought food prices would double from January of 2023 to January of 2024. | |
| And I believe she's correct. | |
| And now we see the mechanism for how that's going to happen. | |
| They're flooding the system with trillions of dollars. | |
| This is going to have catastrophic effects on inflation. | |
| Now, at the same time, this is happening, by the way. | |
| Hundreds of thousands of Americans are losing their jobs. | |
| The layoffs in the tech sector are already accelerating. | |
| And the banking collapse that's also happening is already leading to more companies declaring bankruptcy, more job losses. | |
| And the economic implosion caused by the Federal Reserve raising interest rates is also, of course, causing more people to lose their jobs. | |
| Well, now we're faced with a situation where hundreds of thousands of people, probably millions coming, are losing their job. | |
| And they're colliding with rapidly rising inflation because of the massive money printing by the Fed to bail out the rich banksters. | |
| This inflation will eventually become hyperinflation, of course. | |
| But the question is, how can jobless people afford to pay double, triple or quadruple for goods and services and groceries and so on? | |
| And the answer is, they can't. | |
| Because they just lost their job. | |
| Just lost their job. | |
| And most people, unlike you listening to this, most people don't have any savings at all. | |
| They can't survive to the next paycheck. | |
| Much less another month. | |
| You know, they can't make next month's rent. | |
| Out of savings. | |
| They have to have a paycheck or they're delinquent, right? | |
| They're out on the street quickly. | |
| So that's what you're going to see. | |
| More and more people losing their jobs. | |
| More companies going bankrupt. | |
| More banks getting bailouts. | |
| More people becoming homeless and starving. | |
| Famine will kick in. | |
| In the UK right now, it was reported, we covered this on Natural News, people are skipping meals to be able to afford to eat. | |
| Skipping meals? | |
| How's that for a weight loss program, huh? | |
| Not the kind of program that you ever want to really participate in. | |
| It's not the Jenny Craig weight loss, it's the Becky Broke weight loss. | |
| Becky Broke can't buy no food, you know? | |
| That's not a good scene. | |
| You don't want to be part of that scene. | |
| But here's the thing. | |
| Even those of you who have savings, most of you have it in the bank. | |
|
Dollars Halving In Two Years
00:06:37
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| Some of you listening, because you planned ahead, you already have some gold and silver. | |
| Excellent. | |
| Excellent. | |
| You're going to need it. | |
| That's your savings right there. | |
| Whatever is in the bank is at risk of total loss. | |
| Now, of course, Janet Yellen and the Fed, they're going to say, oh, we're going to keep printing whatever money is necessary to bail out the banks so the banks won't ever fail. | |
| Okay, maybe they're right. | |
| But if they keep printing all that money, the currency will fail. | |
| So yeah, you'll have your bank account, however much you have. | |
| I don't know, maybe you have $300,000 in the bank. | |
| It's just going to be worth nothing. | |
| Hence the importance of gold and silver, as I routinely talk about. | |
| I interviewed Gregory Manarino. | |
| And if you missed that interview, you've got to catch it. | |
| It's a very good interview. | |
| It's up on my channel on Brighttown.com. | |
| And I'm about to interview Gerald Salenti and also Peter Schiff. | |
| And I've got to tell you, Manorino really strongly emphasized the importance of getting silver. | |
| He says silver is his favorite metal. | |
| Now, John Perez, who I also interviewed, was talking about platinum. | |
| He thinks platinum prices are really suppressed right now and have a lot of upside potential. | |
| Peter Schiff, of course, will advocate gold. | |
| He's got Schiff gold. | |
| And he's been talking about gold for a very long time. | |
| And Gerald Salenti also. | |
| Metals, right? | |
| So everybody who knows what's going on is talking about metals. | |
| Get into metals. | |
| Metals will preserve your wealth. | |
| It will save your money better than anything else that we can think of. | |
| Now I promise I'm going to plug our gold and silver sponsor through this entire crisis. | |
| So if you haven't visited them yet, it's the Treasure Island Coins and Precious Metals Company. | |
| You can reach them at metalswithmike.com. | |
| I'm not paid any commissions. | |
| There's no affiliate, nothing. | |
| They have very competitive pricing. | |
| Check it out on their website. | |
| They'll show you the real-time market pricing right there. | |
| metalswithmike.com. | |
| And they are trustworthy. | |
| They are professional. | |
| They are discreet. | |
| The shipments are insured. | |
| You will get physical gold or silver or platinum in your hands. | |
| And don't buy proof coins from anybody. | |
| Buy bullion. | |
| Get physical gold and silver, the maximum ounces per dollar. | |
| And, of course, do your research. | |
| I'm not your financial advisor. | |
| That's my disclaimer. | |
| There is, of course, risk, price risk in metals. | |
| But from what I'm seeing in the minds of most people right now, there's way more risk of leaving money in the bank. | |
| There's risk of total loss. | |
| I mean, just ask the people who banked at Silicon Valley Bank. | |
| Their deposits went from, in some cases, $100 million to zero last weekend. | |
| And then, 48 hours later, oh, it went back to $100 million because the FDIC stepped in and did an emergency declaration. | |
| But can you imagine losing all your bank deposits for days and not knowing if you're wiped out or not? | |
| I mean, that's risk, folks. | |
| That's risk. | |
| 100% loss. | |
| Just like that. | |
| With gold and silver, you will never have a 100% loss because you always have the metal. | |
| And the metal always has value. | |
| It's on the table of elements. | |
| It has specific properties that give it intrinsic value throughout all of human history, surviving the rise and fall of civilizations. | |
| So have somewhere to put your assets where it won't vanish. | |
| In the meantime, we need to accept the reality of the erosion of the dollar on an accelerated scale. | |
| Now, I've spoken before. | |
| I've said in my estimates the dollar is losing about 2% of its purchasing power every month. | |
| Every month. | |
| You could roughly say that's a little over 20% annual inflation. | |
| It's not quite 2% every month, but it's close. | |
| So let's say 20% annual inflation. | |
| Some people say it's 25%. | |
| Well, what's it going to be now? | |
| Now that the Fed just printed $2 trillion effectively. | |
| Oh, they say they have it in an emergency fund. | |
| Yeah, well, where did that emergency fund come from? | |
| And when it's depleted and you need more money, where is that going to come from? | |
| They're going to print it, folks. | |
| They can make up excuses. | |
| Oh, we're not printing it. | |
| No one's paying for this. | |
| Give me a break. | |
| We're not kindergartners here. | |
| I'm not pulling a magic trick like a rabbit out of your hat. | |
| We're not so easily fooled. | |
| Of course you're printing the money. | |
| And because they're printing the money, the dollar is going to start losing more than 2% per month in terms of its purchasing power. | |
| And I think you need to be looking at a 3% per month loss in the dollar. | |
| That's where we're headed very soon, probably by summer. | |
| So 3% per month loss, which means in one year, and this is without compounding it, in one year, You would lose, let's say, roughly 36% of the purchasing power. | |
| It's actually more than that. | |
| If you use the rule of 72, you'll get a more accurate figure. | |
| That tells you that you'll lose about half the purchasing power of your dollars in, what, 24 months? | |
| Is that what that comes out to? | |
| Yeah, I think so. | |
| But roughly speaking, roughly speaking, your dollars, two years from now, your dollars will purchase half what they are now. | |
| And that's if we only limit it to 3% per month roughly of erosion of the value of the dollar. | |
| Bottom line is, yes, you're going to pay double. | |
| The question is just when. | |
| Is it going to be 12 months, 18 months, 24 months? | |
| you're going to pay double for everything and your cash is going to be worth half of what it is today. | |
| So that's coming. | |
| No question about it. | |
| And the Fed is bailing out the rich and they're they're hammering not only the poor, but they're making middle class people poor. | |
| So they're adding to the poverty, adding more people to the group of poverty and then wiping them out. | |
| So, yeah, this is going to get ugly, folks. | |
| It's going to get real ugly. | |
| So stay tuned. | |
| I've got a lot of great interviews coming up so you can get more information on all this. | |
| I'm Mike Adams here. | |
| Naturalnews.com is where you can read my articles. | |
| And brighttown.com is where you can find my interviews. | |
|
Free Download Guide
00:00:39
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| HRR is my channel, Health Ranger Report. | |
| And don't forget to check out our sponsor, Treasure Island. | |
| And that's at metalswithmike.com. | |
| Take care. | |
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| It's called The Global Reset Survival Guide. | |
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