crypto currency trend bank run crisis asset seizure trend
#megatrndz #siliconvalley #flareairlines
If you are wondering if the world is slowly collapsing, let us take a look at where the cookie crumbs are? Let us look at perception, what we perceive as individuals it all depends on how much assets we own. Some people own nothing in assets meanwhile others own what they owe. Is it possible. Take for example renters verses mortgage owners. A mortgage is simply an asset that you owe not one you own. When you own a house it is owned solely by you. A mortgage is simply a legal promise into the future that you own so long as your money is constantly being paid to the bank. So in the meantime you still own the house so long as you are making the regular payments that you promised to the bank to be paid in the future. In essense, You have 90 days if you default on those payments before the bank sells your property. That is how the mortgage industry works.
And just like that, assets can be illegally stolen or legally seized? The month of March 2023 began with the Turkish Mega Earthquakes to the Train Oklahoma train chemical disaster. But behind the curtain there was more than meets the eye. Canadian Airplane seizures and American bank seizures slowly creped behind the curtain. Waiting for the smoke show to explode. Several less than 10 year old companies like Flair airlines to Silicon Valley Bank, Silvergate Capital Bank, and Signature Bank all experienced just that.
Today asset seizures is more regular than you may think. Bank seizures and plane seizures are happening right in front our eyes. Look what happened to Flair Airlines. Four of Flair's airplanes were seized in two different Canadian provinces. This affected hundreds of passengers. Flights were immediately canceled in Ontario and Alberta leaving bought airline ticket owners in limbo this past month. Today Flair Airlines has a 90 million lawsuit and sending New York-based hedge fund and lessor Airborne Capital to the Supreme Court of Canada. They claim that the airplanes seizure as illegal. An unnamed spokesperson to Global News said, " that Flair wired money to Airborne on Saturday but was five days behind on payments worth roughly $1 million on Saturday but was five days behind on payments worth roughly $1 million."
Whenever or where ever there is a crisis; It is all about intervention and control.
Moving aside to the Banking Industry an Asset is an Asset no matter what the industry. The Associate Press reported:
Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago..“This is an extinction-level event for startups,” said Garry Tan, CEO of Y Combinator, a startup incubator that launched Airbnb, DoorDash and Dropbox and has referred hundreds of entrepreneurs to the bank.
Moving on to a global potential banking crisis. On Wednesday, Credit Suisse has claimed that it will borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility as well as a short-term liquidity facility, the company .
Glenn Beck believes that the Feds do not care if some of the banks fail; their endgame is a federal controlled digital currency.How They’ll Use the Banking Crisis to Control YOU | Glenn TV | Ep 260
"Amendments to US commercial code differentiate crypto and ‘electronic money’"; August 25 2022; David Attlee
"One of Silicon Valley's Top Banks Fails; Assets Are Seized", Friday March 10 2023 , https://www.usnews.com/news/business/articles/2023-03-10/banks-feel-sting-of-fed-fight-against-inflation
"Crypto-friendly lender Silvergate collapses", Allison Morrow, Wednesday March 8, 2023; https://www.cnn.com/2023/03/08/business/silvergate-winds-down-crypto/index.html
"What we know about 4 Flair Airlines planes seized over ‘commercial dispute’", March 11 2023; https://globalnews.ca/news/9544878/flair-airlines-planes-seized-dispute/
"Assets Seized In front of Our Eyes, Banks, Airplanes What is Happening?"; March 13 2023; https://www.cnbc.com/2023/03/13/signature-bank-third-biggest-bank-failure-in-us-history.html
"Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’", Tues, March 14 2023
"Credit Suisse to borrow up to $54 billion from Switzerland's central bank", March 16 2023