Are you worried? I’m not worried. Those who know of Heather and the OPPT/UCC filings, this is no surprise and is happening at the time it was supposed to. 5 year deadline as of 12/22/17. Other factors possibly at play – the E/O allowing for the freezing of assets. There is a much higher happening going on here…
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A little over three weeks ago, I became aware of a sudden and dramatic change in the US Banking System that made my stomach sick. I “sat” on this story for almost three weeks hoping what I found was some type of anomaly or data error. It’s not.
Bankers have almost completely stopped lending . . . . TO EACH OTHER.
The plunge in “InterBank Lending” was so sudden and so substantial that it looks as though it is actually a PLAN, not happenstance or situationally appropriate.
It LOOKS like the Bankers are intentionally choking the US Economy and they’re doing so at levels far FAR worse than what took place during the “Fiscal Crisis” of 2007-08.
For more than 45 years, the Federal Reserve has tracked virtually E V E R Y aspect of banking in the United States. They literally look at EVERY financial metric and provide incredible amounts of public reporting to anyone willing to spend time on the Federal Reserve Electronic Data (FRED) web site.
As your trusted media servant, I peruse vast amounts of information every day to keep you abreast of what’s taking place, and give you insight as to how and why certain things happen. So when I undertook my usual perusal of FRED and saw what I am about to show you, I was shocked.
INTERBANK LENDING
First, let me explain what INTERBANK lending is. The interbank lending market is a market in which banks extend loans to one another for a specified term. Most interbank loans are for maturities of one week or less, the majority being overnight. Such loans are made at the interbank rate (also called the overnight rate if the term of the loan is overnight).
A sharp decline in transaction volume in this market was a major contributing factor to the collapse of several financial institutions during the financial crisis of 2007.
Banks are required to hold an adequate amount of liquid assets, such as cash, to manage any potential bank runs by clients. If a bank cannot meet these liquidity requirements, it will need to borrow money in the interbank market to cover the shortfall. Some banks, on the other hand, have excess liquid assets above and beyond the liquidity requirements. These banks will lend money in the interbank market, receiving interest on the assets.
The interbank rate is the rate of interest charged on short-term loans between banks. Banks borrow and lend money in the interbank lending market in order to manage liquidity and satisfy regulations such as reserve requirements. The interest rate charged depends on the availability of money in the market, on prevailing rates and on the specific terms of the contract, such as term length. There is a wide range of published interbank rates, including the federal funds rate (USA), the LIBOR (UK) and the Euribor (Eurozone).
Having now explained what INTERBANK LENDING is, and how it is H U G E L Y important for those funds to be available so banks can go about their daily business without running afoul of the law or Depositor needs, take a look at the FRED Data for INTERBANK LENDING for the last twelve months:
Continue reading here.
