C Thomas Printer Cooperative

This week on Looking Backwards Looking Forwards (LBLF) we talk about American national security secrets leaking, US presidential candidate Vivek Ramaswamy, and China China China: Tesla sealing the deal to build a megafactory in China, Chinese state TV publishing Taiwan invasion blitz video, Macron and Ursula von der Leyen's visit to China and the interesting remarks afterwards.

We often cover the US federal level budget and debt issues. But what is the situation at the state level? This week's Bygone Relics show is answering this question:

To start with, California had a $100 billion surplus causing governor Newson to say ‘no other state in American history has ever experienced a surplus as large as this.” Last month, Newson had to eat those words because the state is facing a $22.5 billion deficit according to Dan Walters at Cal Matters.

Ask yourself this question- if the Feds don’t bail us out how much will my taxes go up to pay these costs?

This week's LBLF (Looking Backwards Looking Forwards) show is warning California on the sanitary crisis that might be faced very soon. Not only the people living in California, but we all should be concerned about it because of California's heavyweight in food production.

But the nation is busy with Trump's sex life.

Meanwhile, nations in the eastern part of the world are busy with matters that should matter: geopolitical tensions, oil production, etc.

We are drawing similarities between the Battle of the Alamo and our upcoming troubles: debt and defending the republic.

We could finally take a break from the banking crisis. In today's episode we are covering the latest from the US and Europe, along with Chinese president's interesting statement: "Changes are coming after 100 years".

Turbulence in the banking sector is still dominating the headlines, as well as our episodes. Today we are looking backwards to the latest news around the UBS takeover of troubled Credit Suisse, and also the latest on the First Republic Bank. We are then looking forward to the much-anticipated FED interest rate decision coming out today: continue fighting against inflation or safeguard the financial markets?

Website

YouTube

First let's remember the basic bond prices and yields, and then let's look into what's next for banks and what we can do as individuals.

2nd and 3rd biggest bank failures in the US history happening just in 3 days (SVB and Silvergate)...

Many questions surrounding this phenomenal series of events answered here:

1) Is it a bailout?

2) Are the depositors of SVB made whole by taxpayers’ money?

3) Is there contagion risk to Asia and Europe?

4) Will this financial instability stop FED from raising interest rates?

5) Is the US Treasury Bill really the safest asset in the world?

6) What would happen to the Dollar in this context?

Also mentioned:

• Credit Suisse CDS at all-time high

• SVB previously lobbying not to go through stringent stress tests

• SVB lacking a Chief Financial Officer for 8 months

• SVB Chief Administration Officer’s previous role being CFO of Lehman Brothers ;)

• Barney Frank saying “Regulators wanted to send the message that crypto is toxic”

C Thomas Printer Cooperative: a place to make you think, make you remember, and make you smile