DEUTSCHE BANK’S SOLUTION FOR AMERICAN DEBT CRISIS IS A ...
Deutsche Bank has a plan - they're calling it the Pennsylvania Plan - for America's debt crisis, and the plan is - as my parents used to say - a howler, a knee-slapping, side-hurting riot of laughter. The plan is outlined in the following article shared by S.C.G., who also included a few high octane speculations of their own, to which I've added a few embellishments. But first, the Pennsylvania Plan, or as it might be more aptly named in Deutsche Bank's case, the Pennsylslovakia Plan, or the Sudetentland 2.0 plan:
Forget the ’Mar-a-Lago Accord’, Deutsche Bank outlines ’Pennsylvania Plan’ for US
The plan's aim is to help fund America's spiraling debt by finding "new buyers" for its increasingly risky sovereign securities, and it's couched in all the usual Banksterese, a rare dialect of Griftospeak from the Fraud-and-Forked tongue family of languages:
Deutsche Bank (ETR:DBKGn)’s Head of FX Research George Saravelos has introduced a new concept called the "Pennsylvania Plan" to address America’s twin deficit problem.
The plan aims to find new buyers for US debt as America faces what Saravelos describes as "existential macroeconomic constraints" due to large fiscal deficits combined with a large external deficit and negative net foreign asset position. (Emphasis added)
Now, that's Banksterese for "there's not enough foreign buyers for all these *&^@#! American treasuries." Doubtless it was more colorful in German Banksterese than English Banksterese, but it comes to the same thing: we need more buyers for this shinola.
So what, exactly, is Deutsche Bank's "brilliant solution"? What is the Pennsylslovakia plan?
Well, before we get to that you might want to pour yourself three fingers of your favorite adult beverage, sit down, calm yourself, and breathe deeply, and have a nice long pull on that drink - aww heck, forget about the three fingers, just take the whole bottle with you to your favorite chair, and prepare yourself for some side-splitting laughter and hilarity, because the Pennsylslovakia plan is this:
The proposed Pennsylvania (sic.) Plan has two main components. First, it acknowledges the need to reduce reliance on foreign buyers of Treasuries, who currently hold record-high exposure to US sovereign duration risk. This includes promoting dollar stablecoins backed by short-dated Treasury bills to accommodate shifting demand preferences. (Emphasis added)
Doubtless you've already begun laughing, dear reader, and taken a couple of long pulls on that bottle, and thus may be wondering if they're spiking their schnapps over there in Frankfurt-am-Main, because what part one of the Pennsylslovakia Plan is telling you is that they plan to soak up your cash by selling you a crypto-currency that is "backed" by nothing but debt in order "to accommodate shifting demand preferences." What they're not telling you is that the "shifting demand preferences" are those of the banksters themselves, who are wanting to swap all that crapto-currency nonsense and fancy sheets of paper sovereign securities (if you're lucky enough to get those) for good old hard assets like land, buildings, houses, cars, gold, silver, jewels, and even equity positions.
But wait, there's more. This is Deutsche Bank, after all, and if anyone knows how to plunder a whole continent, it's Mitsubishi ....er... Deutsche ... well, nevermind. There's a part two to this German thoroughness, and it's another knee-slapping side-splitting guffaw of raucous laughter:
Second, the plan calls for increasing domestic absorption of US duration risk through financial incentives and potential financial repression. This includes regulatory carve-outs of US Treasuries from banks’ supplementary leverage ratio requirements, tax advantages for owning long-dated treasuries, and possibly mandating greater Treasury buying by retirement plans.
Saravelos explains the core aim is "to engineer a historic rotation of US duration risk from external investors to the domestic sector." While this won’t solve the underlying twin deficit problem, it could buy time by deploying domestic US savings.
Yes, you read that all correctly: they plan to force the domestic population to buy all the bond-backed crapto-currency via regulation and "incentives".
Or to put all of this Banksterese into plain language: as the foreign markets for US sovereign debt dry up, they plan to transfer ownership of all that to the American people by force, in return for hard assets, things like cash, equities, bullion, land, commodities, and so on. Meanwhile, you get electronic blips...
...it's a plan worthy of Hjalmar Schacht, and it leaves poor Hans Gruber, the villain from Die Hard, holding all those bearer bonds worth absolutely nothing and plunging from the building to the ground below. The only difference is, you don't even get the fancy-looking sheets of paper. You get the electronic blips...
I haven't laughed this hard since learning about the "electronic transfer systems" they plan to introduce with the bullion depositories. And to think I actually thought, initially, they were a good thing, and that the Utah goldbacks might be an indicator that things were returning to sanity. Boy, was I wrong...
See you on the flip side...
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Hans Gruber falling from Nakotomi Plaza from the Movie "Die Hard". The little dots over his left shoulder are the bearer bonds he was trying to steal, falling with him.
The movie prop version of the bearer bonds Gruber was trying to steal.
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They will attempt to confiscate everything placing it on blockchains as in “You will own nothing and be happy”.
Gold Clause & CBDC
M Armstrong
QUESTION: Regarding CBDC, will they convert all the savings/cash in your bank account, will they convert everything in your brokerage accounts (all stocks etc.) will they go after gold and silver you have in storage (Brinks, for example)? KS
ANSWER: Everything will be converted to the new CBDC. The money in your bank account is already just an electronic book entry. This is why banks are closing branches everywhere in the USA as well as Europe. They are preparing for CBDCs, which means without physical paper money, bank branches are no longer needed. You can deposit a check on your phone. The only thing left for a branch is safe deposit boxes, and the government assumes you are hiding cash there anyway. So kiss your local branch goodbye.
“EU ‘Accelerates’ Digital Euro Launch: Revealed Date of Programmable Digital Currency Roll Out” World Affairs In Context https://www.youtube.com/watch?v=nHd_1QEC5r4
CBDC FUTURE: Banks Will Tokenize Customer Deposits Before Rolling Out CBDCs
Lena Petr
Lena Petrova, CPA https://www.youtube.com/watch?v=o-FPwttI7aQ&t=20s
Bankers’ Bank: Bank For International Settlements (BIS) To Tokenize Customer Assets Prior to CBDC
Lena Petr BIS explains how they are going to control you by what you can purchase
Lena Petrova, CPA https://www.youtube.com/watch?v=30nBzhXORwA&t=311s
Kicking an empty can down the road, is the adequate idiom.
Just before a ‘dust bowl bubble burst’, there is desperate race, to sell off the last ‘Dutch tulip’, in the tulip mania, whilst, the banksters try, to sell Grandma’s hide, to a canning factory, to cover their losses.
In a Ponzi scheme, some poor fella will, eventually, end up with the bill, when the rush dwindles, whilst the corrupt politicians will try, to monetise a bottle of crocodile tears, from the wailing wall’s pissoir.
In the U.S. Neverland, the Lost Senators, seek, to force the overseas redskins – the Gazans – into a concentration camp, so, that Captain crooked Lincoln, and crocodile Bibi, can pull an imperial slavery gimmick, called ‘Abraham Accords’ – which is the greedy Gremlins, lobbying, for a new Assyrian empire.
The Gremlins’ gambling gimmick is the PECKING ORDER – which is the devilry, that, grovellingly, crawls upwards, and, sadistically, kicks downwards.
Steven Spielberg’s parody:
https://dl.dropboxusercontent.com/scl/fi/451kqn4oprh2ul0xx4pij/steven-spielberg-parody.jpg?rlkey=njjk54olr83shn53fcs753pou
The antidote is simply, to understand, that ‘Yahweh-Elohim’ is the primary paradox, of mutual exclusivity, that can only be balanced, at the scales, in a superposition – which defines Elijah’s Odin [Adon].
The heathen superposition, that solves the quantum paradox, is, geographically, located, in the Bering Strait, where a coming landbridge will balance the continents, and, Japan is the lynchpin.
A Sci-Fi landbridge, between parallel universes:
https://dl.dropboxusercontent.com/s/wisd2mbola2r7m1/wave-synch-device.jpg
EXODUS
Moses and his rock-and-roll band,
headed out of Egypt land,
and most gung ho
was Pharaoh,
making returning demand.
Moses gave ear to Pharaoh’s say,
who begged him to stay,
because to navigate
Bering Strait,
is too dangerous a play.
Moses replied, that he is the boss,
and he will walk across,
on a land bridge
of courage,
that Americans will toss.
Professional alcoholism:
https://dl.dropboxusercontent.com/s/0dbw0i29slvstmr/bering-strait-crossing.jpg
While the Trump Administration does have to get creative to deal with the mess that the autopen and Janet Yellen left them, I would prefer that they recover funds that were ‘strip mined’ from the US credit card which is now sitting in accounts in tax havens like the Caymen Islands and in Washington politicians’ and NGO personnels’ stock portfolios. The US government is partially organized crime, so there needs to be some RICO cases brought forward with asset forfeiture.
All this proves is that Loan Sharks and Swindlers run Western Europe.
Usury interest is a financial tool of conquest. It is designed to do what has happened to the world. Make loans with interest but never borrow and eventually you will own the world is even in the Bible. Of course if you’re one of the chosen ones you get a debt jubilee every seven years. The solution is naturally a worldwide debt jubilee. But in a world where the black mailed child predators control the halls of finance and hold all the political offices from the county level up to Congress, the Judicial System, and the Senate in both political parties don’t expect to see this ever happen. Instead we the little people will eventually own nothing and be happy, if we know what’s good for us.
(from Utah) Don’t confuse Goldbacks with any of the so-called gold-backed currency plans by states. Goldbacks might be unfortunately named, because they are not backed with gold – they are composed of physical gold encased in polymer sheets. When you are trading them, you are trading with gold. There is no plan to trade them electronically and it would make no sense to do so.
The premium is among the highest for physical gold, but that is because they have one of the smallest standardized quantity of gold in them – 1/2000 troy ounce in the case of a 1/2 Florida Goldback. Because of that it makes the most sense to stock up on the smallest denominations, though the company behind them promises you can always trade a large denomination for the same quantity of small denomination at any time.
I’ve heard it said recently you can’t buy a loaf of bread with gold, but it just might be possible with Goldbacks soon, as the smallest one is worth around $3 USD.
There are many state series other than Utah now, including Wyoming, Nevada, South Dakota, New Hampshire, and Oklahoma Goldbacks debut in August. I don’t work for the company or hold any interests, but I do own some Goldbacks and I like them. goldback.com alpinegold.com
Third Party pisspot vote: sell Alaska, buy beer!