{"id":122598,"date":"2023-06-07T19:13:31","date_gmt":"2023-06-07T19:13:31","guid":{"rendered":"https:\/\/yogaesoteric.net\/?p=122598"},"modified":"2023-06-07T19:23:09","modified_gmt":"2023-06-07T19:23:09","slug":"moodys-chief-economist-warns-certain-elements-are-going-to-start-to-break-across-the-financial-system","status":"publish","type":"post","link":"https:\/\/yogaesoteric.net\/en\/moodys-chief-economist-warns-certain-elements-are-going-to-start-to-break-across-the-financial-system\/","title":{"rendered":"Moody\u2019s chief economist warns \u201ccertain elements are going to start to break\u201d across the financial system"},"content":{"rendered":"

The problems that currently plague banks and the financial system at large will continue for at least another year to a year and a half, warned Moody\u2019s Analytics Chief Economic Mark Zandi, adding that \u201ccertain elements are going to start to wobble and break<\/em>\u201d in the coming period.<\/p>\n

\"\"<\/p>\n

Banks are so overleveraged and in the red for their derivatives shenanigans that each subsequent rate hike by the private Federal Reserve banking cartel adds that much more pressure on their books. Meanwhile, inflation is still soaring because in order to really get a hold on it, interest rates would need to be hiked a whole lot more.<\/p>\n

But doing that will sink the system, so the Fed is stuck between a rock and a hard place. Something is for sure: they are going to try to do whatever it takes to prevent the big boys from losing and the little guys from winning, which typically means more financial pain for everyone at the grocery store and the gas pump.<\/p>\n

\u201cWhen you raise interest rates and you raise them as fast as the Fed has and as high as they have over the past year, certain elements are going to start to wobble and break and it\u2019s going to feel uncomfortable<\/em>,\u201d were Zandi\u2019s words when asked by CBS News<\/em> host John Dickerson about remarks that Fed Chairman Jerome Powell made concerning a \u201cbumpy<\/em>\u201d ride for the banking industry as interest rates increase.<\/p>\n

\u201cAnd this, what we saw in the banking system recently, is exactly what he was talking about. It\u2019s going to get bumpy. And I don\u2019t think it\u2019s over. Inflation is still high. The Fed\u2019s still got to get inflation back in. And so, the next 12-18 months are going to be uncomfortable<\/em>.\u201d<\/p>\n

The banking system is \u201cfragile<\/em>,\u201d Zandi warned (because they play fast and loose with other people\u2019s money)<\/p>\n

Around the time when Silicon Valley Bank (SVB) and Signature Bank both collapsed, may depositors at other banks got scared and pulled out their cash in a mini-bank run \u2013 until the powers that be stepped in to provide a special lifeline just for the fat cats.<\/p>\n

The government\u2019s promise to up the Federal Deposit Insurance Corporation (FDIC) coverage limit beyond $250,000 at these affected banks put a temporary halt on a full-scale collapse. The truth, though, is that eventually the entire system is going to implode under the weight of all the fraud, corruption and other financial crimes that have stacked its collapse-inducing sins high into the sky.<\/p>\n

Eventually, there is no further amount of jerry-rigging or other can-kicking that can bail out the financial criminals from their global Ponzi scheme. When that finally happens, the game will stop.<\/p>\n

\u201cThe banking system is fragile<\/em>,\u201d Zandi warned. \u201cEverybody knows it. We had deposit runs<\/em>.\u201d<\/p>\n

\u201cI don\u2019t think it\u2019s any surprise that the banking system is under pressure. So, let\u2019s fess up to it and let\u2019s make sure that the system is on solid ground. I think it is. I think what the FDIC and the Treasury and the Federal Reserve have done is adequate, but let\u2019s just make sure<\/em>.\u201d<\/p>\n

Just remember that the powers that be were saying the same a year to a year and a half ago when they promised that inflation was only \u201ctransitory<\/em>\u201d until it became persistent. Now they are telling us once again that the system is still on \u201csolid ground<\/em>,\u201d and that all these problems plaguing the banks are just temporary. Do you believe them?<\/p>\n

 <\/p>\n

yogaesoteric
\nJune 7, 2023<\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The problems that currently plague banks and the financial system at large will continue for at least another year to a year and a half, warned Moody\u2019s Analytics Chief Economic Mark Zandi, adding that \u201ccertain elements are going to start to wobble and break\u201d in the coming period. Banks are so overleveraged and in the […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1084],"tags":[],"class_list":["post-122598","post","type-post","status-publish","format-standard","hentry","category-censored-news-economics-5127-en-censored-sensational-news-3480-en"],"_links":{"self":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/122598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/comments?post=122598"}],"version-history":[{"count":1,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/122598\/revisions"}],"predecessor-version":[{"id":122602,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/122598\/revisions\/122602"}],"wp:attachment":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/media?parent=122598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/categories?post=122598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/tags?post=122598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}