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The [DS] is now struggling, everything they have tried has failed, Trump is not leaving and the indictments are not working. Actually the opposite is happening, the people see who the the destroyers really are. Trump warns that there is a terrorist attack headed our way. During 2024 the events will intensify and the people will become more awake. In the end the people will try the [DS] at the ballot box. Everything we are witnessing is the trial.
This is the conclusion reached by cryptographers, who provide the first evidence that Satoshi Nakamoto (creator of BTC) is a former drug lord and informant of U.S. intelligence agencies Paul Le Roux.
Users discovered that Nakamoto’s first transaction deciphered as:
“This transaction was made by Paul Le Roux to Hal Finney on January 12, 2009.”
BREAKING: The U.S. Army has deployed armored units to Texas for “scheduled military drills,” aligning with the movement of additional National Guard troops from various states dispatched to fortify Texas’s border.
NESARA GESARA NO POVERTY NO HUNGER NO DEBT ONLY GLOBAL PROSPERITY AND PEACE FOR ALL GESARA GLOBAL ECONOMIC STABILIZATION AND RECOVERY ACT WAS VOTED TO BE IMPLEMENTED BY ALL 209 SOVEREIGN NATIONS OF THE WORLD PER THE SIGNED 2015 PARIS AGREEMENT ON CLIMATE CHANGE STARTING WITH THE RESTORED REPUBLIC OF THE UNITED STATES KNOWN AS NESARA NATIONAL ECONOMIC STABILIZATION AND RECOVERY ACT NESARA CANCELS ALL CREDIT CARD MORTGAGE AND OTHER BANK DEBT DUE TO ILLEGAL BANKING AND GOVERNMENT ACTIVITIES MANY REFER TO THIS AS A JUBILEE OR COMPLETE FORGIVENESS OF DEBT ABOLISHES FEDERAL INCOME TAXES IN THE U.S. CREATES A 17% FLAT RATE NON ESSENTIAL NEW ITEMS ONLY SALES TAX REVENUE FOR THE GOVERNMENT IN OTHER WORDS FOOD AND MEDICINE WILL NOT BE TAXED NOR WILL USED ITEMS SUCH AS OLD HOMES ABOLISHES THE INTERNAL REVENUE SERVICE IRS WITH EMPLOYEES OF THE IRS WILL BE TRANSFERRED INTO THE US TREASURY NATIONAL SALES TAX AREA RESTORES CONSTITUTIONAL LAW TO ALL COURTS AND LEGAL MATTERS IN THE REPUBLIC OF THE UNITED STATES OF AMERICA RETRAINS ALL JUDGES AND ATTORNEYS IN CONSTITUTIONAL LAW REMOVES ALL DARK CABAL AGENTS ADMIN OFFICIALS AND ALL MEMBERS OF THE U.S. CONGRESS FROM THEIR POSITIONS DUE TO THEIR CONTINUOUS UNCONSTITUTIONAL ACTIONS GESARA WILL NOW AFFECT THE REPUBLIC ALONG WITH THE REST OF THE WORLD AMOUNTING TO A TOTAL OF ALL SOVEREIGN NATIONS THE NEW FINANCIAL SYSTEM IS PART OF GESARA LAW THE IMF WILL ANNOUNCE THE GLOBAL GOLD STANDARD MONETARY SYSTEM ONCE GESARA IS ANNOUNCED All REMAINING FIAT CURRENCIES WILL BE CASHED IN FOR GOLD STANDARD CURRENCY PAPER MONEY WILL EVENTUALLY BE PHASED OUT AND ALL CURRENCIES WILL BE DIGITAL UNDER THE NEW FINANCIAL SYSTEM WITH THE ELIMINATION OF THE NATIONAL DEBT OF EVERY NATION ON EARTH TAXES WILL BE ADJUSTED TO BE LOWER FOR CITIZENS AND CORPORATIONS THE NEW FINANCIAL SYSTEM HAS BEEN ONLINE FOR MONTHS AND IS HOSTED ON A PROTECTED QUANTUM SERVER THAT CANNOT BE HACKED OR ACCESSED WITHOUT PERMISSION ENERGY COSTS WILL DROP DRASTICALLY AS A RESULT OF FREE ENERGY AND NEW TECHNOLOGIES THE FUTURE WILL BE UNBELIEVABLE COMPLETE OUR LIVES WILL EVOLVE IMMENSELY SUPPRESSED TECHNOLOGIES THAT ARE BEING RELEASED DATE BACK 70 YEARS OR MORE THIS TECH WILL EASILY CLEAN UP OUR PLANET A NEW MEDICAL SYSTEM WILL BE THE REAL HEALTH CARE WITH ABILITIES TO REGROW LIMBS OR ORGANS OR TO REDUCE OUR AGE BY 30 YEARS WHEN THERE IS FREE ENERGY TRANSPORTATION AND REPLICATORS DISTRIBUTED TO EVERYONE WE WILL BECOME EQUAL NO ONE WILL BE ENSLAVED PEOPLE WILL JUST DO WHAT THEY WANT TO DO HAVE FREE TIME TIME TO REFLECT AND BE CREATIVE NO NEED TO HOARD ANYTHING PEOPLE WILL LIVE IN THE MOMENT OF NOW GROWING THEIR OWN FOOD AND FOOD FOR OTHERS MANY PEOPLE ARE ACTUALLY GOING TO ENJOY THEIR JOBS AS THEY EXPERIENCE IT GIVES THEM MEANING AND PURPOSE ANOTHER WAY TO SERVE THOSE THAT DONT HOLD JOBS WILL FIND ALTERNATIVE WAYS TO EXPERIENCE HAPPINESS AND CONTRIBUTE TO THE COMMON GOOD
AS THE TIME APPROACHES FOR A GREAT CHANGE IN OUR SOCIETY IT IS TIME TO TRANSFORM PAIN AND SUFFERING FROM PAST EXPERIENCES INTO JOY PEACE AND PROSPERITY A NEW DAY IS DAWNING THAT WILL BRING IN A CARING AND RESPECTFUL EPOCH FOR HUMANITY PLANET EARTH AND HUMANITY ARE EXPERIENCING THE GREAT SHIFT OF CONSCIOUSNESS ALSO KNOWN AS ASCENSION OR THE GREAT AWAKENING INTO UNITY CONSCIOUSNESS MOTHER EARTH IS RETURNING TO BE A SACRED PLANET AND IS TAKING THE ENTIRE HUMAN POPULATION WITH HER WHOEVER WANTS TO GO ITS A GOLDEN AGE BEYOND OUR WILDEST IMAGINATIONS
Editor’s Note: Many thanks to reader K. for sending in this share!🌹
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Good morning! A question deriving from your last message, if I may? If the Universe is going to choose from two possible scenarios, to play out … how does that affect the Phases? Let’s start with Phase 2. Which let’s be honest … has had us dangling by a thread for such a long time? Thank you.
A Welcoming Wave of Love to you, Blossom and to Each One. Consistently we speak of matters that will affect The Whole. Yes, indeed, in your ‘terms’, it seems a long while since we originally spoke of Phase 2. Yet, in our terms … not.
It is coming. It is on the cards, so to speak.
Yet, you cannot give us a time, obviously?
We cannot. For the exact timing is not up to us. In fact, none of which is to take place on your Planet is ‘up to us’. Let us make that quite clear.
We come through you, Blossom, to guide those who wish to be guided through … what many of you now are terming, ‘Insanity.’
Because it is! Yet, from what you have said, there is much more to come?
Indeed. That which took place in the last few years upon your Earth was a ‘testing of the water’. The ‘experiment’ did not quite work out as planned and yet, at the same time ‘did the trick’.
Do you mean in scaring the bejeebers out of most of the population?
That along with many ‘experimental’ issues regarding the workings of fearmongering through control.
There is more to come.
Many feel it is all going to spark up again this year and there certainly are ‘rumours’ of a new ‘death threat’ under the guise of the 24th letter of the alphabet! The thing is, these days we hear so many ‘possibilities’ of what could lead us into Phase 2 and yet, here we are, still walking freely.
Enjoy it whilst you can.
To answer your question …
WHICH EVER ‘PULL’ THE UNIVERSE IS STEERED TOWARDS, WILL BE THE HIGHEST DECISION FOR THE BETTERMENT OF MANKIND … AT THIS TIME.
It is not that one is of a pleasanter ride than the other. For in order for clearance of all that must cease to be … there has to be the surmountable turmoil that we have spoken of.
I felt the need to check ‘surmountable’ … ‘To overcome /manageable.’ I like that. Yet, why? Why can’t we just watch the downfall of those of lesser Light on our tv’s? Eating popcorn and flying flags? Why must we go through such a massive disturbance? As it seems, that which you have prepared us for WILL be massive.
BLOSSOM, IN ORDER FOR ONE TO COME OUT THE OTHER SIDE … ONE FIRST HAS TO GO THROUGH IT.
THERE IS SO MUCH TO BE GAINED FROM THE UPHEAVEL THAT IS TO BE PRESENTED.
KEEP THAT AT THE FOREFRONT OF YOUR MIND.
WHEN IT IS LEAST LOOKING LIKE IT IS ALL GOING WELL, IT IS THE TIME WHEN IT ACTUALLY IS!
So, are you still forecasting Phase 2 to be another lockdown? Many have let go of that thought and quite rightly so. Many say they wouldn’t stand for it again.
THE FACT IS, BLOSSOM … THERE HAS TO BE ONE.
THERE NEEDS TO BE ONE … FOR PROTOCOL AND SAFETY OF THE MASSES.
Let us tell a story …
Once upon a time …
The situation that occurred at the beginning of your 2020 was planned by those who have the desire to depopulate. It had to be played out … in order for it to do all that it did. The consequences were dia, from many perspectives.
However, and we do not say this insensitively … if this had not played out … it would not be possible for Phase 2 and the next ‘incarceration’ to take place …
AND IT NEEDS TO TAKE PLACE.
It may seem that it has been organised, once again, by those who do not have your best interest at Heart. Yet … perhaps this is not the case? Or, maybe it is? Yet, behind the scenes there is a much more sinister undertaking that those who think they are in control have masterminded.
We must be careful with our words here from a safety point of view.
Yet, behind the scenes of behind the scenes … there is the Divine Plan!
Oh Phew! I’m glad you clarified that, as when the word ‘sinister’ came through … I had to question where the rest of the sentence was heading.
So, perhaps the story continues in the FLOW OF KNOWING that although Phase 2 may look like it is under control by those who seek the demise of the human race … it is serving a much Higher purpose that will become apparent once the plan is underway.
So, you are saying Phase 2 is a good thing and necessary?
Yes. We are. For the path it shall take will take a sudden ‘twist and turn’ and in doing so, one’s eye’s will almost pop out of their heads in disbelief.
In this you mean … Truths being told, as you have said before?
Correct. Yet, as we have also said before … that which is to be told will be of a much greater deception than one assumes they know of.
Hold on here. Let’s double check on that. To clarify … You are meaning that we will be told of a huge deception that has been going on? Not that what we are going to be told will be of great deception … if that make sense?
Correct again, Blossom.
I sort of feel this is on the cards and the cards are on the table. It feels close as I type, yet, is that just because I can feel the Energy of its reality?
We would say that these possibilities go hand in hand.
Well, you know me … with respect, taking this with a pinch of salt regarding the timing. As for the rest … so often it all seems so farfetched. Yet, so would our last three years, if we had been told that five years ago. We can only ‘wait and see’ … and in the waiting, carry on being the stalwart Souls of Light that we are.
AND YOU ARE.
The thing is when you look back throughout history, assuming ‘some of it’ is true … there have been continual catastrophic goings on, involving the lack of respect for human life. In those times … were there not Souls like us? Light anchors? Doing the same thing to bring in the Light with the intention of changing the Vibration of the Planet?
Blossom, you and many millions of others have been ‘alive and well’ during atrocities that have played out over time … and yes, indeed, BEING LIGHT … yet …
THIS IS DIFFERENT.
VERY DIFFERENT.
In those past days it was not the time … the Planet was not ready to do what it is about to do.
Goings on, on your Planet had not reached fever pitch.
Yet, 220 odd thousand could be killed by the Hiroshima bomb in one hit … is that not considered fever pitch?
Incredibly … no it is not.
The dark thread has weaved its way into a great many more hearts. Many have been sucked into the web of evil. Many who had no desire to do so, yet, found their way into fame and fortune this way … and then it became too late for escape. Temptations of luxurious lifestyles lured many into the web and once trapped, they had no escape.
THIS CLEANSING THAT IS TO COME WILL CHANGE EVERTHING.
IT IS THE FIRST TIME EVER, THAT YOUR PLANET HAS THE OPPORTUNITY TO BE LIFTED INTO GLORY, ONCE AGAIN.
THIS CAN ONLY HAPPEN BECAUSE OF EACH ONE OF YOU.
COMING HERE TO DO JUST THAT …
CHANGE THE ENTIRE VIBRATION OF THE POPULATION.
Not everyone is ready for that.
THEY WILL BE. THEY WILL HAVE NO CHOICE.
FOR THAT WHICH IS TO UNFOLD WILL BE SUCH A SHAKE UP … SUCH A WAKEUP CALL … THAT THE AFTERMATH … THE OVERALL OUTCOME WILL BE FOR EACH ONE TO WALK INTO THE LIGHT … AND THE LIGHT TO FOLLOW WILL BE SO BRIGHT THAT EVEN THOSE WHO HAVE BEEN ‘LAZY’ UNTIL THIS TIME … WILL CHANGE THEIR ATTITUDE ENTIRELY.
Explain ‘lazy’?
Those that have been sitting either behind or on the fence. Those who have not taking action for themselves. By this we mean … those who have been slow to ‘find the way home’.
Yet, isn’t it that each one has the right to walk their journey as slow or as fast as they choose, in order to gain what they need to?
We are not condemning this ‘sleepiness’, Blossom … we are just saying that in order for EVERYTHNG to change, there will be many MASSIVE wake up calls, so that it would be nigh on impossible for Souls to remain asleep.
When they awaken to the Truths … and the same goes for those who are already awake … there is to be such a surge … such an input of Determination and Strength to march forward and bring your World back into balance.
WHAT IS TO COME … WILL BRING SUCH A REALISATION OF WHAT HAS BEEN … THAT THE STIRRING WITHIN THE HEARTS AND MINDS OF SOULS ON YOUR PLANET WILL BE SO POWERFUL … SO UNITED … THAT THERE IS NOTHING THAT WILL STOP EACH ONE FROM STANDING IN THEIR TRUTH.
You speak of gatherings of your TRIBES.
So many now are finding their Tribe … in a way as never before.
Yet, each of these Tribes belong to the ONE TRIBE.
THE TRIBE OF LIGHT …
Can you imagine when millions more of you KNOW YOUR LIGHT?
When millions more of you feel your Truth and speak the Mantra?
I AM THE LIGHT.
I AM THE LOVE.
I AM THE TRUTH.
I AM.
It’s a wonderful thing to imagine. Really? Will millions more be saying this Mantra?
Yes. Blossom.
Really? That is amazing. Really? Or, do you just mean … words to that effect?
We mean ‘Those exact words’.
As many of you know … the Power that lies within this phrase ‘changes your Vibration’ instantly.
Therefore, the more this Mantra spreads, the quicker the Vibration of the Planet lifts.
I assume there will be many other Mantra’s that do the same?
Indeed, Blossom.
We are not saying that the I AM mantra is an exclusive, members only club … and only those who know of it shall have the benefit.
FOR INDEED, MANY MANTRAS AND EXPRESSIONS SERVE THE SOUL IN SO MANY WAYS.
We are simply stating that this particular ‘I AM Mantra’ that we bring through … has the potential to reach more Souls, that you, Blossom, could ever have imagined.
Well, how Lovley! I will add it to my list of ‘Lets wait and see’s’. Thank you, as always chaps! Meanwhile, life goes on … and ‘We Warriors of Great Light’ keep doing our thing the best we can … as we change the world.
And Each One must KNOW this as TRUTH.
For it is within that KNOWING OF TRUTH … that the process accelerates.
WE HONOUR EACH ONE.
WE LOVE EACH ONE.
In Gratitude. In Loving Service. I AM.
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Hi Guys. How’s it going? What shall be our topic for today?
Welcome, Blossom, Welcome, All. We could say the World is our oyster, yet, that is not the case, for there are many subjects that we do not wish to speak of, for varied reasons.
We do not enter into political views or surmises. We do not consider this to be of benefit, even though we look upon all that is going on within the political system as part of The Plan … it does not serve for us to put our point of views across, as it is for Each One to follow their Heart in these matters.
I am not able to comprehend politics. I could not hold a debate about them if my life was at stake. It just does not compute for me, so that could be another reason you don’t talk about it.
No, Blossom, it is not. It is simply our choice to remain silent on such matters. We do not feel that to speak of such things holds the Vibration that we wish to transmit, and yet, it is an obvious observation, reading between the lines at times, that those in power are very much interwoven with much that we discuss.
You see, Blossom, no matter what is to take place, it isn’t actually about ‘who’ is behind it all … it is about YOU … EACH ONE … adapting to new situations that occur.
When you take into account your last few years, there was a great divide of opinion as to what was good for one to do and what was not.
It shall be the same with that which is to come. Depending on any ‘news’ that is given, each Soul will derive from it, that which settles or unsettles them.
That which is to unfold will be far greater a controversy than what has gone before. Therefore, the conflict of opinions between Souls will differ greatly.
What YOU will benefit from is your steadfastness in LOVE.
Repeat the Mantra over and over. It anchors you in Strength. It supports you.
I AM THE LIGHT.
I AM THE LOVE.
I AM THE TRUTH.
I AM.
THERE, ONCE AGAIN, SHALL BE A GREAT DIVIDE.
There shall be those who believe that they must do as they are told …
Those that absolutely disagree with what they are told … and …
Those who have no idea either way.
All one can do … is BE within it.
YOU BE … YOU … within every moment of your day.
When you awaken to each new sunrise, YOU BE … YOU.
YOU manoeuvre throughout your day, breathing and taking action with each new breath.
One phone call could change your life and you ‘do what you have to do’ depending on the nature of that call. You cannot not do anything, for life moves on within each of those breaths that you take.
What is to come should be ‘handled’ in the same way.
WHATEVER IS TO OCCUR … YOU WILL GET THROUGH IT.
I know you cannot tell us what it is … yet, most of us desire to just get on with it so we can move through it and come out the other side.
And you will …
I feel we are speaking of Phase Two?
We are.
Well, rather than persiflage on about the same thing, we shall just wait. Nothing else we can do … and when something kicks off, we can look into it more then. It seems you have said what you can about it and that’s that. So, moving on. I have seen a video where quartz crystals are emerging through tarmac … can we talk about that?
That would be pleasant to do so.
We would say it is a sign of the times. In one sense it is significant in the metaphorical state of ‘Everything coming to the surface’. All that lies underneath HAS to be brought up. It has to come into the Light.
Do not look upon these Crystals … or indeed any others, as non-thinking, non-active pieces of unique beauty.
Woah … I know crystals hold much knowledge, yet … non-thinking? Did we get that through correctly?
We did.
Can crystals think?? Surely not!
Crystals are of the Highest intelligence. They hold secrets of the Universe. They are attuned to that which is of the Highest Knowledge.
They have POWER within them, which when understood and activated can lift your own personal Vibration way beyond that which you thought possible.
Crystals are your friends. Many of you have your own and you charge their Energy with your Love. You feel they are charging yours. It is a two-way friendship. There is much that the majority know as common Knowledge regarding these Light holders. They become a personal tool and serve well.
However, … to speak of Crystals that have not yet surfaced, is quite a different matter.
We have spoken in past days of the connectedness within Each One. How, when the time comes, they shall communicate with one another and create an Energy that will spark and activate, not just themselves, yet, Mighty Monoliths … Grids that are unseen …
WHEN ‘ALL THE DOTS JOIN UP’ … THE POWER OF SUCH WILL BRING ABOUT A SURGE OF ENERGY THAT WILL SET OFF A NEW POWER GRID … A NEW FORCE OF GOOD/GODLINESS THAT YOUR EARTH WILL BE READY FOR … WHEN IT TAKES PLACE.
I can visualize it in my mind like a movie. Underground laser Lights running throughout the Grid, setting each Crystal it touches into motion … when I say ‘it touches’, what is ‘it’?
SOURCE POWER BLOSSOM.
Many times, we have spoken of ‘This experiment. This Game’ that you are in.
You have machines for amusement that once enough buttons have been pressed and a number has been achieved, Lights flash rapidly, bells ring … Everything is on full alert. In a sense, it is like this. A certain point must be reached within this Game, in order for all that is waiting to be activated … to ‘go off’ …
IT IS THE TURNING POINT!
ONCE THIS TAKES PLACE, THERE IS NO TURNING BACK.
Let us confirm …
THIS IS A GOOD THING!
You spoke of it once before and even today it feels good and very exciting … and yet … such a long way away.
It is indeed, in your future days, Blossom. Yet, it is important to remember that this is where your World is heading … and with each breath, as we say … you are getting closer and closer to such a transformation.
There has to be a Vibrational Frequency reached in order for this to happen and when it does … it will change that Frequency, by all the activation, into a MUCH GREATER ONE.
Imagine as if the connection of all that is ‘programmed’ … when it is time … will lift the veil into a Golden Land.
Will this be after Phase Five? You said there were five Phases. Dear Lord, at the rate this is all playing out, even those who are being born now will have popped their clogs.
This is not so, Blossom. We have said and more than happy to say again, that once in Phase Two … the Plan will play out at a pace that will leave Phase One in a trail of dust behind it.
Well, that’s encouraging … I think! … and the other Phases?
We cannot give accuracy. For the following Phases … will take place/can only take place … when the ‘outcome’ of Phase Two has settled and your World is able to move forward from there.
You have said Phase Two will reveal many Truths, which will bring about much turmoil. Will that not take a very long time in order for that to settle and folk ready to move on?
Yes. Yet, the changes that shall occur due to these reveals will also bring about much stirring within Each One and within that surge, urge Souls to find their Inner Strength. To make decisions that they would have normally not had the ‘Energy’ to be bothered about.
These Truths will bring about such an awakening to so many, Blossom … your World could not possibly be the same again.
The weird thing is … even though all this is spoken of and has been for so long … it still seems so surreal. I know I keep saying that … yet, so much of it seems ‘hearsay’. I guess one day … it won’t and we shall be ‘in it’ … knee-deep.
Yes, you shall. Yet, again we reiterate …
THAT WHICH IS TO COME IS NOT A BAD THING.
It will appear that it is … when it all begins and yet, very quickly, one will realise that there is a ‘sensible reason’ behind it … and as one moves further into it … the rate at which things begin to amp up will …
Blow my hat off and blow my blouse up at the same time? Oh, bring it on. Bring it on. Bring it on! My concern being … and not wishing to be a negative Nellie … that I still might be asking this, same time next year!
So much is unfolding at a quickened rate. So much that you are unaware of … for it is being accumulated and categorised in a very detailed order. There is much to be presented and it needs to be done so in an order that can be understood … so that sense can be made out of it.
One cannot be thrown to the lions, so to speak in this matter. In this we mean … being told ‘randomly’ everything that has to be told.
THIS REVEAL IS METICULOUSLY PLANNED IN ORDER FOR THE HIGHEST OUTCOME TO SERVE THE WHOLE.
THE HIGHEST OF INTELLIGENCE IS INVOLVED FROM BOTH ON AND OFF PLANET …
TAKE COMFORT IN THE FACT THAT THEY KNOW WHAT THEY ARE DOING …
TRUST IN THAT.
IT SHALL MAKE SENCE WHEN THE TIME COMES.
Oh, I am sure it will. How pigheaded we all are really, to think/assume/ we know better. It will be … when it will be … and not before … whatever ‘it’ is … and … we shall be ready, as we are now … to fulfill our promise. Thanks, chaps! In Gratitude. In Loving Service. I AM.
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Editor’s Note: One had to one-set if this action is a last-minute attempt to remain open? Please note that Wells Fargo is not listed as included in this lawsuit.
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A group of America’s biggest banking titans are considering whether they should pull a shocking move – suing the U.S. Federal Reserve.
JPMorgan Chase, Citibank and Goldman Sachs are on the list of major banks that, using their trade group, have hired one of the best conservative trial lawyers in the country to draft the lawsuit, reports Semafor.
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Eugene Scalia, son of the former Supreme Court justice Antonin Scalia, is spearheading the legal effort, which would aim to eliminate proposed rules that would force banks to increase the amount of cash they have on hand.
“[Scalia] is quietly drawing up a lawsuit seeking to block the proposed rules on behalf of the Bank Policy Institute, a trade group that represents JPMorgan, Citibank, Goldman Sachs, and others, people familiar with the matter said.
It would be the first time in recent memory that the industry has sued the Fed, and a departure from standard halls-of-power persuasion efforts that try to avoid antagonizing its chief regulator.
The Fed wants banks to hold an additional 20% in cash on their balance sheets. The move is designed to ensure they have enough capital to withstand concerns about liquidity and avert the types of bank runs that ripped through the banking sector one year ago.
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But the banks say the rules are far too strict, citing an internal analysis that shows they would actually be forced to keep 30% in cash on hand.
Scalia says the Fed has plenty of explaining to do.
“As a matter of legal process, it’s not going to be enough to say that a bunch of regulators got together in Switzerland, and this rule is what they brought down from the mountain.
The agencies have to do their own work, explaining why these new requirements are properly calibrated, and why their benefits are worth the costs. This proposal doesn’t do that.”
Banks across the US continue to face significant losses on bonds.
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And although banks can simply hold bonds until they mature, they can become an extreme liability when banks need an injection of liquidity.
A recent report from the Federal Deposit Insurance Corporation (FDIC) found the total number of unrealized securities losses in the banking system is now pegged at $684 billion.Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix
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