Situation Update, Mar 20, 2023 - Global finance SHOCKWAVES as Credit Suisse BAIL IN wipes out billions in bonds
The Health Ranger Report
Mike Adams
4.5 • 2.3K Ratings
🗓️ 20 March 2023
⏱️ 58 minutes
🧾️ Download transcript
Summary
0:00 Credit Suisse Crisis
32:40 Where to hide your gold
45:15 Trump
- The Credit Suisse BAIL IN wipes out $17 billion in bond value
- Swiss government liquidity adds BAIL OUT factor to UBS acquisition
- Global financial crisis began in crypto, moved to Silicon Valley and spread to Europe
- The entire western financial system is headed for catastrophe
- Janet Yellen says the government will CHOOSE which banks survive and which ones fail
- Only the WOKE banks will be bailed out in order to keep WOKE startups alive
- Most SVB startups were focused on WOKE topics like climate change
- All deposits and financial instruments have counter party risk
- Only things you physically control have no counter party risk:
- Gold, silver, land, food, ammo, etc.
- Where to hide your gold with certainty that no one will mess with it
- As the collapse accelerates, people will become even MORE desperate
- As the banks fail, chaos will prevail
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Transcript
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| 0:00.0 | Welcome to the situation update from Monday, March 20th, 2023. |
| 0:04.3 | Mike Adams here. |
| 0:05.0 | And as a reminder, this is the one podcast each week now that is recorded without the studio. |
| 0:11.8 | This is audio only because I'm recording it late, late Sunday night and what a Sunday. |
| 0:17.9 | It has been. |
| 0:18.9 | Yeah, we're going to talk about credit, Swiss and the financial chaos taking place in Europe. |
| 0:28.3 | It's just mind blowing. |
| 0:29.4 | I was watching this all day and all evening and recording this quite late because I wanted |
| 0:35.4 | to make sure that I had a handle on all the developments, which are substantial. |
| 0:41.4 | So there's really just two big stories here today. |
| 0:45.1 | Credit, Swiss, what just happened. |
| 0:47.3 | It's going to send bombshells and, you know, ripples throughout the financial world, at |
| 0:53.6 | least the Western world. |
| 0:55.2 | And then secondly, the potential arrest of President Trump that is supposed to happen tomorrow, |
| 1:04.4 | but may have actually been reversed. |
| 1:08.2 | So we'll talk about that in a minute. |
| 1:11.2 | But let's start out with credit, Swiss because as I warned on Friday, credit, Swiss, I had |
| 1:16.8 | insider tips that said it was done. |
| 1:20.0 | Credit, Swiss was done. |
| 1:21.0 | It was either going to collapse or, you know, it would have to be taken over nationalized |
| 1:26.0 | or something. |
| 1:27.0 | Well, what actually happened over the weekend was that credit, Swiss, it did, it did collapse |
... |
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