To save the criminal bankers, the private Federal Reserve is expected to inject another $2 trillion into the United States banking system, which is certain to trigger hyperinflation.
Strategists at JPMorgan Chase, one of America’s kingpin banks, have been discussing what the Fed’s new “emergency” lending program will entail now that Silicon Valley Bank (SVB) and numerous other lenders have gone under.
Called the Bank Term Funding Program, this emergency mechanism is designed to sweep under the rug all the financial corruption that got us into this mess in the first place, punishing the common man with even higher inflation and a lower standard of living.
“The usage of the Fed’s Bank Term Funding Program is likely to be big,” JPMorgan strategists wrote in a client note on Wednesday.
The reason why these JPMorgan analysts are throwing out the $2 trillion figure is because that is the maximum usage amount that was established – at least until the powers that be decide to up it even more, much like they do to the debt ceiling every time it is reached.
Currently, the U.S. banking system as a whole is said to hold reserves of around $3 trillion, most of which is held by the largest banks. Smaller banks, many of them in even worse shape than the big guys, are the likeliest candidates to take advantage of the Bank Term Funding Program.
SVB was considered a mid-sized bank, as were the other banks we were told about that collapsed around the same time. SVB took a $1.8 billion loss on a forced $21 billion bond liquidation, which prompted the now-failed bank to ask for $2.25 billion in new capital to fill the gap.