THE DAILY DOOM FREE EDITION: When it Rains, it Pours
I’m making The Daily Doom free for today for everyone as a sample issue so you can see what you may be missing every weekday, including the summary article that usually begins each edition. (Normally, only Patrons at the $10 level receive daily access to The Daily Doom.)
Banking doom is in the air everywhere. Credit Suisse got another harsh kick in the butt when its top principle investor said, “No more.” The stock crashed to a new low, low and took European stock markets and the US stock market into an all-out nose dive with the Dow down more than 500 points at the writing of this article. Credit Suisse also took European currencies down with it, but buoyed the US dollar.
Moody’s downgraded the ENTIRE US banking industry to negative and downgraded First Republic to “junk.” US Treasury yields collapsed, and major investment leaders whose opinions seem to matter to a lot of people gave truly dire warnings about the overall US economy. BlackRock’s blackhearted CEO, Larry the Fink, said the collapse of SVB reveals cracks in the US financial system, affirming Moody’s downgrade of the entire US banking industry; and Carl Icahn said, “Our system is breaking down…. We absolutely have a major problem in our economy today!“
(See headlines in boldface below covering these lead stories.)
Economica (stocks in bondage, bonds in the stockade, market madness, etc.)
“The Market Is Being Brutal”: Futures Crash Hard as Banks Crisis Slams Europe, Credit Suisse Craters
Credit Suisse woes knock euro, sterling, Swiss Franc. Dollar up.
Moody’s Downgrades ENTIRE US Banking System Outlook to ‘Negative’
Treasury Yields Collapse After First Republic Downgrade To ‘Junk’
Carl Icahn: ‘Our System Is Breaking Down,’ ‘We Absolutely Have A Major Problem In Our Economy Today’
BlackRock’s Fink Says SVB Failure Shows Cracks in Finance System
Timeline of the Initial Collapse
SVB says Goldman Sachs was the buyer of portfolio it booked losses on
Signature Bank Faced Money-Laundering Probe ahead of Firm’s Collapse
BofA Rakes in $15B in Deposits After Collapse
The unexpected American shopping spree seems to have cooled
Exiled Chinese billionaire Guo Wengui is arrested on $1BN fake-investment fraud charges by FBI
Money Matters (monetary policy, gold, silver, cryptos & currency wars)
Bitcoin is already up 50% this year — beating stocks and gold
Most big cryptocurrencies decline as Litecoin declines
Gold bounces back as Credit Suisse compounds banking woes
Banks, Banks, Banks: The Elephant Nobody Even Sees
How the Fed Broke Silicon Valley Bank
Overinflated (too much money chasing too few goods)
Retail egg prices fell in February — but the price drop may not last long
Oil Nosedives After SVB Collapse
100% Inflation in Argentina Opens Door for Presidential Upset
War, Cyberattacks, Civil Conflicts & Unrest
Russia & Pentagon Racing To Retrieve US Drone Wreckage In Black Sea
Why It’s Still Not Clear Who’s Behind The Nord Stream Blasts
We’re One Step Closer to Putin’s Crimea Nightmare
Politics & Social Decay
SC women who get abortions would be eligible for death penalty under proposed bill
Pro-life forces targeting the prescription drug involved in 53% of abortions
All-woman Wellesley College votes to allow trans men & non-binaries
Globalism, Authoritarianism, Invasive Government & Censorship
Experts say attacks on free speech are rising across the US
Winds of Change (extreme weather, climate change & green energy)
Off-the-Beat or Just Plain Offbeat News
If you were given a free password to this article to sample The Daily Doom, click this link to learn more about The Daily Doom.
