Tucker Carlson
This is why our big banks are incompetent
Ideologues used the 2008 bank bailout to kill American meritocracy.
Tucker looks at the recent bank collapses, how they went wrong and what the government’s potentially going to do about it. Certainly not solve the problem or hold anyone accountable. Highlights include:
“In a normal, non-distorted capitalist economy, companies become valuable, more valuable when they produce more goods and services that people want to buy.”
“But in an economy controlled by monetary policy run by the federal reserve, companies become valuable when interest rates declined. So, for 13 years interest rates remained near zero. In retrospect, now that it’s ended, this was crazy behavior. These were emergency measures declared by the federal reserve in 2008, but the never ended. And because they never ended for 13 years, the American economy was distorted beyond recognition in ways too numerous to count.”
“There was also a problem that you didn’t hear about with low interest rates. If interest rates are at zero, how do you get meaningful returns on your money? This was a problem that virtually every investor faced for more than a decade, very much including the banks. At some point, investors became tempted to make very risky bets. If they wanted to produce returns, they had to.”
“One of the risky bets that banks made was loading up on long term treasury bonds from the US government as a surrogate for cash…But that worked fine as long as interest rates remained low. But once interest rates rose as a response to inflation, as they were always going to do, nothing lasts forever, including zero interest rates, once that happened those bonds were worth less than the banks had paid for them, and so the banks began to fail.”
“You’re also seeing, revealed for everyone to see, the other effect of 13 years of artificial, fed-driven prosperity, and that is a lot of silly, frivolous people in charge.”
“How did this happen, can we get an explanation for that, don’t we have regulators? And how did those regulators, since we’re pretty confident they exist on taking big salaries, how did they miss the fact that SVB was insolvent, apparently, for months, and not in some complex credit default swap way you’re gonna spend 5,000 words trying to understand, but in a really simply way that’s easy to understand? They’re liabilities were bigger than their assets, very simple. How did nobody notice that?”
“Remember that after 2008, the Obama administration, Eric Holder, swooped in and imposed DEI — Diversity, Equity and Inclusion standards — on the entire financial sector, and that’s one of the main reasons our big banks are now increasingly incompetent and also one of the reasons Americans are so divided by race. Ideologues used the 2008 bank bailout to kill American meritocracy. That’s a big step, mostly unacknowledged, but we’re living with its consequences. So, you have to ask yourself, what are they gonna’ do this time?”
“Well, we know we’re about to see bank consolidation, big banks eating little banks, and that means less competition, more consolidation, means more government control. So, what are they going to do with that control? Well, all things being equal, if people don’t start making a lot of noise and exerting an awful lot of pressure, it’ll mean digital currency, a currency that politicians control… You think that’s not coming? Of course it’s coming.”
“What we do know is that the democratic party, the Biden administration sees this crisis as a means of expanding their control. And we know this because in a recent zoom call with the fed, treasury department and other financial regulators with members of Congress, Senator Mark Kelly of Arizona asked whether their was a program in place to censor social media posts that could lead to a national run on banks.”
Watch the video below and give us your thoughts in the comments:
We'd love to hear your thoughts about this article. Please take a minute to share them in the comment section by clicking here. Or carry the conversation over on your favorite social network by clicking one of the share buttons below.
Join the conversation!
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.
Tucker Carlson
Tucker: Ep. 73 The Vladimir Putin Interview
Our goal is to stop this war, and we did not start this war in 2022. This is an attempt to stop it.
The interview that’s had most of your “legacy media’s” panties in a twist all week has finally happened.
I don’t remember anyone making a fuss when Dan Rather interviewed Saddam Hussein, just sayin’.
Tucker Carlson gets Vladimir Putin’s take on, among other things, the current situation in Ukraine, how it started and possible resolutions, Russia’s relationship with China,the world economy, and a look into the future. Highlights include:
“After 1991 when Russia expected that it would be welcomed into the brotherly family of civilized nations, nothing like this happened. You tricked us. I don’t mean you personally when I say you. Of course I’m talking about the United States. The promise was that NATO would not expand eastward. But it happened five times. There were five waves of expansion. We tolerated all that. We were trying to persuade them. We were saying, please don’t. We are as bourgeois now as you are. We are a market economy and there is no communist party power, let’s negotiate.
“The events in the Middle East, in Iraq, we were building relations with the United States in a very soft, prudent, cautious manner. I repeatedly raised the issue that the United States should not support separatism or terrorism in the North Caucasus, but they continued to do it anyway. And political support, information support, financial support, even military support came from the United States and its satellites for terrorist groups in the Caucasus. I once raised this issue with my colleague, also the president of the United States. He says it’s impossible, do you have proof? I said yes, I was prepared for this conversation, and I gave him that proof. He looked at it, and you know what he said? I apologize, but that’s what happened. I’ll quote, “Well, I’m gonna kick their ass.” We waited and waited for some response…The CIA replied, “We have been working with the opposition in Russia. We believe that this is the thing to do and we will on doing it.”
“…In 2008, the doors of NATO were opened for Ukraine. In 2014, there was a coup. They started persecuting those who did not accept the coup, and it was indeed a coup. They created a threat to Crimea, which we had to take under our protection. They launched the war in Donbas in 2014 with the use of aircraft and artillery against civilians. This is when it all started… They launched a large scale military operation, then another one. When they failed, they started to prepare the next one. All this against the background of military development of this territory and opening of NATO’s doors. How could we not express concern over what was happening?”
“Our goal is to stop this war, and we did not start this war in 2022. This is an attempt to stop it… No, we haven’t achieved our aims yet because one of them is de-nazification. This means the prohibition of all kinds of neo-Nazi movements. This is one of the problems that we discussed during the negotiation process, which ended in Istanbul early this year…and it was not our initiative, because we were told, by the Europeans in particular, that it was necessary to create conditions for the final signing of the documents.”
“Further on, the president of Ukraine issued a decree prohibiting negotiations with us. Let him cancel that decree, and that’s it. We have never refused negotiations, indeed. We hear all the time, is Russia ready? Yes. We have not refused. It was them who publicly refused. Well, let him cancel his decree and enter into negotiations. We have never refused.”
Check out the interview for yourself and give us your thoughts in the comments.
Ep. 73 The Vladimir Putin Interview pic.twitter.com/67YuZRkfLL
— Tucker Carlson (@TuckerCarlson) February 8, 2024
Tucker Carlson
Tucker: Fossil Fuels in Space?
The IPCC and all these so-called scientists from NASA, NOAA, and all of them are not doing their due diligence.
If fossil fuels come from fossils, why is there oil and natural gas on other planets? Tucker interviews Dr. Willie Soon on the climate, sun activity, and the current state of science. Highlights include:
“In the United States, we often refer to our main sources of energy as ‘fossil fuels’. Oil, natural gas, coal, they’re ‘fossil fuels’ because they come form fossils, ancient organic material, forests, jungles, plankton, dinosaurs. Held under the ground for millennia, they transform into oil, gas and coal. Everybody thinks that’s true. On the other hand, there’s evidence that maybe it’s not the whole story. If that’s where fossil fuels come from, if that’s how hydrocarbons are made, then how come they’re found so deep under the oceans and at the top of the Earth? How come one of Saturn’s moons, according to scientists, has more oil and natural gas than Earth? Were there dinosaurs and planktons and forests at one point on one of Saturn’s moons? Probably not. So, if all hydrocarbons aren’t from fossils, where are they from and why isn’t this commonly known, and what are the implications of it, and what does it tell us about our modern climate change policy?”
“It’s the sun, actually, that does a lot of this. The glacial, like, this period called Little Ice Age from about 1300 to 1900, you know, very cool, and then there’s a bit of a warm period from 880 to about 1200, you know, it was warm. I mean, you can grow wine in England, right? And now you cannot grow wine, right? /Things like that. I mean, Greenland was green back then, but now it’s full of glaciers, ice is coming in, so what are you talking about exactly?”
“There’s another effect that is very, very important. It’s basically because the sun, the earth is forced to go around the sun, and then the orbit changes ever so slightly because of perturbation from all the other planets… Jupiter, Saturn, and even Venus, and Mars, they are actually controlling what we do. And the moon as well is very important. But that other factors [sic], the orbits plus the changes of the sun by itself, between how bright, how dim it is. These two factors can explain just about everything that we know.”
“This year, just two months ago, we published two more papers, convincingly show that even the thermometer data that they show you is not what it is. It’s actually not measuring ‘climate’, it’s measuring urban heat and island changes…If you go to the inner part of the big city…You go to inner cities, much warmer than outside because of concrete retaining all the heat, or you change all the surfaces, the surface becomes impervious, which means there’s no breathing, no water going in and out… What we show is that it’s not a phenomenon just on local signs. You average over this, you can see the effect all over the northern hemisphere.. And they tell you this is global temperature.”
“The IPCC and all these so-called scientists from NASA, NOAA, and all of them are not doing their due diligence. They are putting you…very bad quality data products. Not only that, they hide it. Some of them it’s so difficult to get the data.”
You can find the links below and leave us your thoughts in the comments:
Ep. 62 If fossil fuels come from fossils, why have scientists found them on one of Saturn’s moons? A lot of what you’ve heard about energy is false. Dr. Willie Soon explains.
TIMESTAMPS
(01:49) Fossil Fuels in Space
(14:27) Global Warming Throughout History
(25:31) Outside… pic.twitter.com/GMaDkDl8z9— Tucker Carlson (@TuckerCarlson) January 9, 2024
America No More…
Biden wants to tie Israel’s hands
Prepare for the Worst: Domestic Sabotage and Violence on the Horizon
America’s Unjust Justice System
With Representatives Like Kelly Daughtry, We Can Take Back America
Why East Coast Workers are Blurry Eyed on Monday Morning
The Rise of Mark Robinson and the Benefit to North Carolina
