the daily stirrer

Greenteth Digital Publishing

The Daily Stirrer

After several years publishing Greenteeth Labyrinth and The Daily Stirrer we decided a better way than random searched on search engines was needed to open up our archive material, so we included these menu pages, on which we gather headlines and links for posts on a particular topic. If you want to narrow your research further enter one or more keywords in the site search tool, top of the right hand navigation bar

Privacy policy: We don't track you or gather personal info, we do not sell data, we don't use cookies. End of. Enjoy our website.

The Daily Stirrer - 2023

Post Of The Day - 16 March 2023

Credit Suisse On The Brink, Which Bank Will Go Next?

For the past few days we have been focused on the banking crisis in America, with Silicon Valley Bank, Signature Bank and First Republic Bank went into administration as rising interest rates, falling bond yields and defaulting borrowers combined to make them insolvent. It was always clear this crisis was not going to be limited to America but may be a surprise to people not involved in finance or investing is Swiss retail bank Credit Suisse. Swiss bankers are traditionally known for their cautious approach to lending mess so how did one of their leading banks, and one designated in previous crisies as too big to fail get into the impending mess.

The exposure of Credit Suisse to far too much dodgy debt has been known for a long time, in fact shareholders in the bank have been asked to bail it out several times. This time however, the distressed bank’s biggest shareholder, Saudi National Bank (SNB), which is 37% owned by the kingdom's sovereign wealth fund, has publicly ruled out further investment for the bank.

Shares of Swiss banking giant fell by more than 20 percent and the cost of insuring its bonds against default soared on Wednesday when SNB, its biggest shareholder said it would “absolutely not” provide additional support.

The decline brought shares to an all-time low. Concerns about the bank’s health and stability have been weighing on the stock for three months.

The most recent sell-off appeared to be triggered by remarks from the chairman of Saudi National Bank, the biggest shareholder of Credit Suisse, when asked if the Saudi bank was open to further capital injections.

“The answer is absolutely not, for many reasons outside the simplest reason, which is regulatory and statutory,” Chairman Ammar Al Khudairy said in an interview with Bloomberg TV.

SNB's announcement that it is not prepared to flush any more money down the toilet that is Credit Suisse is just about the worst news stockborkers and bond traders could have been given with markets already in a blind panic following several bank runs and resultant bank shutdowns.

A couple of paragraphs quoted by Zero Hedge in their writeup of the situation explain how this has led to “the cost of insuring the bank's bonds against default in the near term to distressed levels.” 

"One-year credit default swaps for the embattled Swiss lender were indicated at 835.9 basis points on Tuesday's close of business, based on pricing source CMAQ. Other pricing sources point to a further rise on Wednesday, while a level of 1,000 would indicate serious concern," Bloomberg said. 

Credit Suisse’s CEO was on the stump defending the bank and its capital ratios today, but that doesn’t mean much in an investing environment where any hint of negative performance can immediately trigger a collapse of share prices and market capitalisation.Take these examples of recent attempts to reassure investors:

“I would ask everyone to stay calm and to support us just like we supported you during the challenging times,” Silicon Valley Bank’s CEO said just days before the bank was taken over by the FDIC.

“Signature Bank, a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the wake of industry developments,” Signature Bank wrote in a PR just 3 days before it was also taken over by regulators.

And now, today: "We have strong capital ratios, a strong balance sheet," said Credit Suisse Chairman Axel Lehmann, dismissing rumours that the bank was trying to negotiate terms of a bail - out with the Swiss government.

Earlier this month, while speaking at the Financial Sector Conference in Saudi Arabia, Lehmann said government assistance "isn't a topic" for the lender as the Swiss bank sought to shore up confidence among shareholders and clients.

This may come as a surprise to some, but the Chairman may have 'misplaced' the truth.

The Financial Times reports that, according to three people with knowledge of the talks, Credit Suisse has appealed to the Swiss National Bank for a public show of support.

Credit Suisse also asked for a similar response from Finma, the Swiss regulator.

“It is looking inevitable that the Swiss National Bank will have to intervene and provide a lifeline,” said Octavio Marenzi, analyst at Opimas.

“The [Swiss National Bank] and the Swiss government are fully aware that the failure of Credit Suisse or even any losses by deposit holders would destroy Switzerland’s reputation as a financial centre.”

This latest news comes on top of a report that the ECB has asked EU lenders to disclose their exposures to the Swiss lender, a person familiar with the matter told the Financial Times.

Finally, Bloomberg reports that the US Treasury says it's monitoring the Credit Suisse situation, and is in touch with global counterparts.

Officials at the Treasury Department are working closely with European regulators, said one of the people, who spoke on condition of anonymity.

As we wait for the next bank to collapse I can only quote the words of a wise and articulate man I once worked with, when he was told 'government experts' were being brought in to supervise the multi - million £ project we were working on as it was of national importance."

He said: "We're fucked, I'm fucked, you're fucked, we're all fucked. We're fucking fucked."



EXPLORE:
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ] ... [ Blog Bulletin ]



THIS MONTH'S HEADLINES

Daily Stirrer, 2023

The controversialist news blog bringing you the stories mainstream media will never broadcast or print because the globalist project requires that We The People are not allowed to know what is really going on in OUR WORLD lest enough of us wake up the the fact that we are being right royally shafted by the ruling elites and always have been.
Question everything and you will soon realise that nothing is what is seems to be, management of news and replacement of facts with propaganda have distorted our view of the world forever.

August

Green Future? Demented Joe Biden Has Let The Cat Out Of The Bag

15 August 2023 • 12:00pm
by Philip Pilkington, Daily Telegraph

President Biden’s Inflation Reduction Act has been revealed as a green giveaway dressed up as industrial policy Credit: AP Photo/Susan Walsh

The cat is out of the bag. After months of Republicans insisting that the Biden Administration’s Inflation Reduction Act (IRA) was nothing more than a green giveaway, the President himself has admitted as much.

“The Inflation Reduction Act,” he said, speaking at a fundraiser in Utah, “I wish I hadn’t called it that, because it has less to do with reducing inflation than it does to do with dealing with providing for alternatives that generate economic growth”.

By “alternatives” the President likely had in mind alternative sources of energy. The IRA was sold to economists as an industrial policy, yet one look under the hood shows that it was actually the infamous Green New Deal watered down and repackaged.

Continue reading >>>

JUNE

5 June 2023

Lockdown sceptic Molly Kingsley: ‘I was cast as an extremist but I’ve since been proved right’

Lockdown sceptic Molly Kingsley: ‘I was cast as an extremist but I’ve since been proved right’

The mother of two wanted to stand up for parents and children during the pandemic, but was branded an anti-vaxxer

By Camilla TomineyDaily Telegraph,

The Planned Demolition Of The Nation State


 

by J.B. Shurk via American Thinker, 30 June 2023

Generally speaking, central banks are empowered to control the supply of money by employing a number of tools that include buying government debt, selling government bonds, adjusting reserve requirements, and setting official interest rates.  Operating under various legal mandates to sustain an overall healthy economy, central banks ostensibly pursue policies that will produce relatively low inflation, steady economic growth, and low public unemployment.  

What if these stated goals are merely talking points meant to justify a central bank's continued monopoly over a nation's creation of money, and the true objective of any central bank is to maximize wealth for the wealthiest economic players?  Central banks, after all, are usually institutionally independent from government interference.  They are private firms managed by the world's financial elite.  How might a central bank pursue a hidden agenda to grow the wealth of its friends at the public's expense?

The easiest and most effective way would be to create artificial "boom and bust" cycles during which economies greatly expand and then quickly shrink.  How does this work in practice?  ... Continue reading >>>

 

RELATED TO THIS TOPIC: MORE POSTS France (catalogue)
Europe Unglues
Boggart Abroad


'France Has Fallen': Dramatic Footage Shows Social Unrest Spreading In Third Night

by Tyler Durden, Zero Hedge, Jun 30, 2023

Picture source: Le Monde / AFP
The police killing of a 17-year-old during a traffic stop on Tuesday has unleashed three consecutive days of social unrest across France. Bloomberg reports more than 600 people were arrested Thursday night into Friday, with a majority of them between the ages of 14 and 18. Rioters targeted municipal buildings, town halls, and libraries in various major cities, stores were looted, and all hell broke out nationwide as the government deployed 40,000 police officers yesterday afternoon to quell the violence. About 200 officers were injured overnight in the Paris suburb of Nanterre, where the teen was killed. The unrest is so bad that President Emmanuel Macron left an EU summit in Brussels, where he will hold another emergency security meeting Friday, AFP reported, citing his office ... Continue reading >>> MORE POSTS France (catalogue)
Europe Unglues

For lockdown sceptic Molly Kingsley, the discovery that she was spied on by the Government in an attempt to curtail discussion of its controversial coronavirus policies has been nothing short of horrifying.

The mother of two, 44, was disgusted to find out articles she had written for this newspaper cautioning against school closures, the wearing of face masks in classrooms and the vaccination of children had been flagged by the Counter-Disinformation Unit (CDU), set up by ministers to tackle supposed domestic “threats”.

Yet having endured three years of hatred and abuse for standing up for parents and children during the pandemic, she wasn’t surprised to read Saturday’s Daily Telegraph’s expose, revealing that as well as covertly monitoring lockdown critics with artificial intelligence – social media firms may have used technology to stop certain posts being promoted, circulated or widely shared after being pinpointed by the CDU or its counterpart in the Cabinet Office.

Some posts were even removed from social media altogether following meetings of the Counter-Disinformation Policy Forum, which brought together civil servants from the DCMS and technology giants – including Facebook and Google – as well as the BBC to discuss how to limit the spread of what was considered Covid-19 disinformation. ...

*********

 

Russia Says It Put Down Major Ukrainian Offensive Hours After It Began 

by Tyler Durden, Zero Hedge
Monday, Jun 05, 2023 - 03:50 PM

Did Ukraine forces just attempt to kick off their much anticipated major counteroffensive, only to have it put down immediately after it began? 

That's what the Russian Defense Ministry (MoD) suggested early Monday in announcing that Ukraine began a "large-scale offensive" in mounting attacks along five sections of the frontlines in the eastern Donbas region. But Russia said it thwarted the major attack and that some 250 Ukrainian troops were killed, which included Ukraine sending six mechanized and two tank battalions to Russian-controlled southern Donetsk.

"On the morning of June 4, the enemy launched a large-scale offensive in five sectors of the front in the South Donetsk direction," the MoD statement began. "The enemy has failed to reach its goals and was unsuccessful."

Illustrative: Ukrainian tanks previously near Chasiv Yar, Ukraine. via Reuters

It added that in total the attacking forces lost six tanks, three infantry vehicles, and 21 armored vehicles in what would mark a significant defeat if confirmed. "The enemy’s goal was to breach our defenses in what they assumed was the most vulnerable section of the frontline," the Russian military statement continued.  ... Continue reading >>>

**********

 

If You Stand In The Way Of Their Agenda, You Will Pay A Price

Authored by Michael Snyder via The End of The American Dream blog,

The cultural environment that we live in has become insanely oppressive, and I am about to share an example with you that perfectly demonstrates this.

A few days ago, a high school student in a rural area of Idaho told his fellow students that “guys are guys and girls are girls”, and the fallout from that statement proceeded to create a firestorm of controversy that is making headlines all over the nation.  Sadly, the truth is that we now live in a society where anyone that tries to resist the new culture that is being imposed on all of us must be severely punished. 

Dissent is simply not allowed, and Kellogg High School senior Travis Lohr found that out the hard way… ... Continue reading >>>

*********

 

Solar panels - an eco-disaster waiting to happen?

 BBC News

A fork-lift drops solar panels in a heap
Image source,
Laurent Julliand

While they are being promoted around the world as a crucial weapon in reducing carbon emissions, solar panels only have a lifespan of up to 25 years.

Experts say billions of panels will eventually all need to be disposed of and replaced.

"The world has installed more than one terawatt of solar capacity. Ordinary solar panels have a capacity of about 400W, so if you count both rooftops and solar farms, there could be as many as 2.5 billion solar panels.," says Dr Rong Deng, an expert in solar panel recycling at the University of New South Wales in Australia.

According to the British government, there are tens of millions of solar panels in the UK. But the specialist infrastructure to scrap and recycle them is lacking.

Energy experts are calling for urgent government action to prevent a looming global environmental disaster.

"It's going to be a waste mountain by 2050, unless we get recycling chains going now," says Ute Collier, deputy director of the International Renewable Energy Agency.

"We're producing more and more solar panels - which is great - but how are we going to deal with the waste?" she asks. ... Continue reading >>>

**********

World Health Assembly Cites Need to ‘Restrict Personal Liberties’ and Expand WHO’s Emergency Powers

 Childrens Health Defense

The World Health Organization this week concluded its 76th World Health Assembly without ratifying a new pandemic treaty or the proposed amendments to the International Health Regulations, but members did issue new calls to “restrict personal liberties” during health emergencies.

Miss a day, miss a lot. Subscribe to The Defender's Top News of the Day. It's free.

The World Health Organization (WHO) this week concluded its 76th World Health Assembly (WHA) without ratifying a new pandemic treaty or the proposed amendments to the International Health Regulations (IHR).

However, the meetings, held May 21-30 in Geneva, Switzerland, did include announcements about new WHO bodies created to respond to pandemic threats and new calls to “restrict personal liberties” during health emergencies.

The meetings also included circulation of the new “bureau’s text” of the pandemic treaty, dated May 22, but the WHA did not make available an updated document for the proposed IHR amendments.

WHO Director-General Tedros Adhanom Ghebreyesus urged member states to reach an agreement on both instruments by 2024.

Independent journalist James Roguski, who has extensively tracked the pandemic treaty and IHR amendment negotiations, described this year’s WHA as “a big theatrical production.”

“You can focus on a million details and forget that what they are doing is negotiating these documents,” Roguski told The Defender. “It’s a dog and pony show.”

Roguski said it was always the WHO’s plan not to ratify the treaty and amendments during the WHA meetings, despite warnings to the contrary by some analysts whom he accused of “fearmongering.” It was “always their schedule … they’ve been saying all along they’re shooting for 2024,” he said. ... Continue reading >>>

*********

 

EXPLORE:
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ] ... [ Blog Bulletin ]

JANUARY