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Moody’s Downgrades Banking System from “Stable” to “Negative” – Crypto Takedown in Place with “Operation Choke Point”?

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March 14, 2023

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Left image U.S. Treasury Secretary Janet Yellen, image source. Right image source.

by Brian Shilhavy
Editor, Health Impact News

In spite of the fact that President Biden and U.S. Treasury Secretary Janet Yellen have told Americans that the U.S. Banking System is “safe and sound,” Moody’s Investors Service today announced that they had downgraded the U.S. banking system to “negative” from “stable” to reflect “the rapid deterioration in the operating environment.”

They also announced today that they were studying First Republic’s debt rating for a potential downgrade, along with five other regional banks.

Sifting through the plethora of news today regarding the banking industry’s woes, there are some who are now questioning why the Feds closed down Signature Bank on Sunday, when other banks appeared to be worse off.

This has led to speculation that cryptocurrency banks are being targeted, and the revival of the “Operation Choke Point” conspiracy theory.

Forbes, which is part of the corporate news media and NOT the alternative news media, reported on this theory of the government targeting the crypto industry in an article published late last night.

While this article does not mention Central Bank Digital Currencies (CBDCs), it would make sense that the U.S. Government would try to eliminate competition if they are planning on a wide-scale roll out of CBDCs to replace the monetary system.

 Tech Crash of 2022-2023 Continues Downward Spiral

As Silicon Valley venture capitalists continue discussing how to rescue their failed Silicon Valley Bank so that they can continue funneling $billions into new startups and new technologies like AI chat bots which are all the rage these days, the Big Tech Crash that I have been reporting on since early in the 4th quarter of 2022 continues its downward spiral.

Meta announced today that they were cutting another 10,000 jobs.

Apple Computers announced today that they were delaying bonuses and implementing hiring freezes.

With so much of the world today dependent upon technology and these mammoth technology companies, this spells big trouble for the economy, regardless of what happens to the banking system.

Consider the nation of Israel, where the tech sector accounts for around 25% of the country’s total income tax revenue and about 10% of the workforce. (Source.)

Israel’s two largest banks, Bank Leumi and Bank Hapoalim, raised some eyebrows here in the U.S. when they were somehow able to transfer about $1 billion out of Silicon Valley Bank to Israel before the bank collapsed.

It was also reported today that the Justice Department and the Securities and Exchange Commission were investigating the collapse of Silicon Valley Bank and the possibility of misconduct by its officers regarding whether stock sales by executives violated trading rules. (Source.)

This Big Tech Crash which has now spilled over into the Banking System is a continually developing story, and I don’t think the public in general truly understands the significance of what is currently happening, so I am going to continue reporting on this, but I am not ignoring the other large issues that face us during these troubled times, and will continue reporting on them as well.

And while I don’t have impressive “credentials” as a financial analyst, what I do have is over 25 years of experience as a business owner in the U.S., including running an ecommerce business for over 21 years now. We have had to understand market forces and politics to survive this long, having survived the crash of 2001-2002, as well as the financial crash of 2008, and COVID.

Many have emailed me asking for financial advice, but I do not provide that. I simply report the news and the analysis, but as far as what you need to do with your finances is a decision that only you can make according to your own personal circumstances.

What I do with the financial resources entrusted to me are not necessarily the same things you need to be doing.

And I would be biased in any advice I did give out, because I earn my living from selling high quality clean food, and that is where God has led me to invest for the past 2 plus decades. If the Internet or the power grid ever goes down for any length of time, or if a full-blown banking collapse occurs, we will suffer like everyone else because people will not be able to order our products over the Internet.

But at least we won’t go hungry, as we continue to spread our inventory out across the country to distributors in the event something like that does happen, or if the financial system adopts a digital ID that is required to do business on the Internet.

We would never comply with something like that, and it would effectively put us out of business as an ecommerce company.

The take-away here is that everyone needs to start planning on living in a post-technological age, because our current dependency on technology is not sustainable.

It doesn’t mean that all the technology will disappear, but it does mean the false promises of technology are now finally becoming known, as well as its limits, and we have not yet even begun to understand just how much of our lives have been dependent on this technology in a very unhealthy way that leaves us very vulnerable.

Build local communities and relationships, and get out of the virtual world of technology as much as possible. Get to know your local producers, and get ready to start supporting them when the technological-dependent supply chains begin to fail, because they will fail, as the technology fails. It is only a matter of time now.



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