It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, October 3, 2022, will be held under expedited procedures
Emergency Fed Meeting Could Indicate Solvency Crisis Imminent
The Fed is holding an emergency meeting to stave off a potential solvency crisis by quietly opening the spigots to the discount window. Are the big U.S. banks really in danger? Is the Fed worried about another Lehman moment?
Note* Monday October 3rd, 2022 at 11:30AM EDT is NOT Listed.
Update 10/03/2022 @12:58 PM EDT Keep an eye on this page for meeting results.
Proof that the meeting was conducted at 12:15 PM EDT Today
Update 10/02/22 – 7:26 EDT
RumorMills, Kerry Cassidy: FED called closed emergency meeting for tomorrow. Rumor is the banks are having problems…
ABC Australia is reporting that a major investment bank is on the brink, citing ‘a credible source’. Rumors are circulating that the bank in question is Credit Suisse, where its credit default swaps are at distressed levels.
Source: ABC Australia
The Swiss banking giant is embroiled in a succession of financial scandals that now threaten its future.
Source: Albany Herald
Forbes has now picked up the story. October 3rd emergency meeting called by the FED related to potential fallout in one or more European banks.
Credit Suisse CDS (credit default swaps) close to surpassing levels last seen during the Great Financial Crisis.
Source: Tweet from @HedgeyeDJ
The US Federal Reserve has an emergency Board Meeting scheduled tomorrow morning at 11 am EST. The meeting follows a volatile September with rampant rumors of a potential major international bank default. The emergency meeting will take place at 11am EST on Monday, 10/3/2022.
Stay Tuned for More on this Story as it Progresses…
Related News: Massive Central Bank Ponzi Creates Permanent Distortion – Nomi Prins w/ Greg Hunter (Video)
By Greg Hunter’s USAWatchdog.com – October 1, 2022
Three-time, best-selling book author Nomi Prins says the reason why there is so much uncertainty and chaos in the global economy comes down to one simple theme, and that is a couple of decades of central bank money printing has created the biggest Ponzi scheme the world has ever seen. Prins explains, “The Fed and other central banks have created basically this idea, and put it into practice, whenever there is real crisis, however they deem it, they are going to print money, and a lot of money. . . and pushing this envelope forward on the back of a very artificial fabrication of money. That is the Ponzi scheme here. The Ponzi scheme is actually the money that is sloshing around and is somehow owed more to reality. That it is owed to actual profits, actual production, actual growth in the economy, which it isn’t. . . . Look at the way money gets printed . . . as we saw and everybody woke up from the pandemic. Look at all the closures in the economy, and the economy still has not gotten back to where it was. It is still not stable. People are still facing economic angst, but the Fed created four and a half trillion dollars of money basically overnight. That’s a Ponzi scheme. That is something that is going to keep going whenever there is a crisis, and that is going to paper over the fact we are not actually healthy. . . . That’s the definition of a Ponzi scheme when you always have new money coming in, and in this case, it’s new money being created by the central banks. It will replace any cracks, any faults, any problems that are emerging along the way. . . The Fed doubled its balance sheet and did not double the economy. . . . That’s a Ponzi.”
Prins goes on to say, “We are not retiring $30 trillion in U.S. debt. We are not retiring $287 trillion in debt around the world. That is not happening. . . . Yes, there are indications we could have a massive crash, but to me . . . I think there is a treadmill that is spinning here that is going to keep spinning instead of completely crashing. That’s why I think there is going to be a lot of mini crashes, followed by mini rallies along the way. I don’t think we are in a period, which is why I call this a permanent distortion, where there is going to be a backing off of all the money that is being created. . . . I don’t see one massive crash. I see massive turbulence, which is this permanent distortion. . . .I don’t see an end point unless there is an external factor. . . .There are things that are coupled with the instability we have in the markets relative to this money being printed . . . and if they come at the same time, yes, we could have a massive crash, we absolutely could.” . . .
There is much more in the 55-minute interview.
Join Greg Hunter as he goes One-on-One with three-time, best-selling author Nomi Prins to talk about her upcoming book called “Permanent Distortion,” as she explains why there is no going back to the way things were.
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