WATTERS: "How prehistoric is government's technology?"

ELON MUSK: "It's so prehistoric. Like dinosaurs would think this is kind of old." 😂

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@CaptKylePatriots

ELON MUSK: "You know like the ebola money. We agree we should not have ebola but where's the money going? It’s going to Deloitte in DC. What is an accounting firm doing with ebola money?"

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@CaptKylePatriots

Elon Musk and the DOGE team reveal that USPS hasn’t had a balanced budget since 2007 — even though it’s legally required to do so.

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@CaptKylePatriots

The cabal’s global financial debt system is on the edge of a cliff, which is why central banks around the world are being FORCED to buy and hold gold at record volumes.

The 2008 financial crisis was a precursor to what’s about to happen again.

1) What actually triggered the 2008 crisis and popped the housing bubble that was “allowed” to get out of control?

2) What did the cabal do, to increase the likelihood of it happening again in the future?

It’s all about one thing.

Shadow Banks.

It is really important to understand what “shadow banks” are in order to grasp what’s coming.

There’s a huge difference between a commercial bank and a shadow bank.

“Because commercial banks were regulated even more by the government, that caused a huge increase in shadow banks, which are unregulated.”

Commercial banks are highly regulated and must keep a set amount of reserves on hand. After the 2008 crisis, even more regulations and reserve requirements were placed on commercial banks.

That was the SCAM.

The shadow banks are still unregulated.

The politician puppets were pushing a narrative that they were punishing the banks and going to prevent this financial crisis from happening again. Nothing could be further from the truth.

But what is a “shadow bank?”

“The shadow banking system describes financial intermediaries that participate in creating credit but are not subject to regulatory oversight.”
Banks play a key role in the economy, underpinning the credit system by taking money from depositors and creating new credit to make loans. Banks usually have to operate with plenty of scrutiny from financial regulators in their home countries and around the world. Shadow banks, often known as nonbank financial companies (NBFCs), can usually operate with little to no oversight from regulators.”

“Examples of shadow banks or financial intermediaries not subject to regulation include hedge funds, private equity funds, mortgage lenders, and even large investment banks. The shadow banking system can also refer to unregulated activities by regulated institutions, which include financial instruments like credit default swaps.”

Do you remember which two financial institutions collapsed to trigger the 2008 financial crisis and start a domino effect worldwide?

“Although the term “shadow banking” sounds somewhat sinister, many well-known brokerages and investment firms engage in shadow-banking activity. Investment bankers Lehman Brothers and Bear Stearns were two of the more famed NBFCs at the center of the 2008 financial crisis.”

Bear Stearns and Lehman Brothers.

Did you know they were both “shadow banks?”

Coincidence?

As I wrote about in this recent Substack article.
Bear Stearns was the first shadow bank to collapse and it wasn’t triggered by mortgage backed securities.
Bear Stearns was massively shorting gold and silver to keep the prices depressed and to prop up the fiat dollar.
A big spike in the silver price bankrupted them but nobody in the media will ever tell you that.

Here’s my article:

https://joelange.substack.com/p/silver-is-the-key?utm_medium=ios&triedRedirect=true

Are we about to see something similar happen again?

“•The shadow banking system played a major role in the expansion of housing credit in the run-up to the 2008 financial crisis.
•Even so, shadow banking has grown in size and largely escaped government oversight since then, posing potential risks to the global financial system.”

It is a “purposeful” loophole for the global financial system.

“The reforms enacted through the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act focused primarily on the banking industry, leaving the shadow banking sector largely intact. While Dodd-Frank imposed greater liability on financial companies selling exotic financial products, most of the nonbanking activities are still unregulated.”

It’s only a matter of time.

“At $293.3 trillion, the NBFI sector’s share of total global financial assets reached 49.2% in 2021.”

https://www.investopedia.com/terms/s/shadow-banking-system.asp

Joe Lange X
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💥Timestamp 3:23
23=PAIN
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