Eyes Wide Open- Credit Suisse update, in brief
...Ernst Wolff's commentary
Das Drama um die Credit Suisse - Ernst Wolff
Ernst Wolff ends his Credit Suisse overview and update of March 23rd with the details that are truly the smoking gun. Many are feeling uneasy by the implications of being played once again by the Banksters who are working in cahoots with the usual suspects, i.e., WEF/Davos/SNB and the BIS/Rothschild gang.
Cutting to the chase (or JPMorgan-Chase) Ernst summarizes the recent UBS proposal to acquire Credit Suisse with details regarding the fact that BlackRock and in particular, Larry Fink, is aligned with the WEF. Most of us who are aware of Schwab’s Dr.Evil plan for total world domination, and will never buy anything the WEF public relations team tries to sell those of us who believe in Freedom and the sovereign rights of human beings on planet Earth. “Fool me once”…and so forth.
Wolff briefly elaborates on the fact that Larry Fink has been on the WEF Board since 2019, and that the CEO’s of Credit Suisse and UBS are both contributors to the WEF. We may presume that Fink and Schwab have been plotting the Central Bank’s exit strategy once the SHTF/Black Swan moment went down. We are there now.
In a brief recap of Ernst Wolff’s report, the Swiss National Bank has been pumping billions into Credit Suisse to no avail. The entire charade looks like a high-stakes poker game. Members of the Swiss Parliament and the Swiss National Bank(SNB-also a partner with the WEF) are also involved in the schemes to rescue Credit Suisse. Many analysts of the WEF’s tactics see this last-gasp sideshow as a set-up for a global CBDC solution. Once again the Hegelian Dialectic is in plain sight: Problem-Reaction-Solution.
As we’ve seen, the WEF continues to promote itself as some sort of savior for Earth’s population, as long as we agree that democratic participation is no longer in the planet’s best interests. And as long as we agree that God is dead, and the new religion is a belief that A.I. will save mankind.
In the real endgame(sans Technocratic religion), the planet is just a real estate ownership proposition for the Weffers. Black Rock’s real estate buying blitz over the last several years is another example of the Oligarch’s playbook. This is what the Rockefellers did during the Great Depression when they bought up all the best Manhattan real estate for pennies on the dollar. The recession/depression cycles are useful if one owns the Central Bank.
The video(in German) can be seen here:
On Hal Turner’s channel we see FED chairman Powell exhibit some interesting body language when reviewing the Credit Suisse situation.
By some accounts this Sunday, 3/26 may be the Black Swan moment. We shall see. In any event, in this video, Powell presumed that a UBS merger with Credit Suisse would solve the world’s problems regarding the epic collapse of the Central Banks.
Hal Turner’s Link to Powell video here:
Swiss bliss may not be the case:
GENEVA: The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown - but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted on Thursday (Mar 23).
The Swiss National Bank, which played matchmaker in Sunday's takeover of Credit Suisse, said the formation of one giant bank in Switzerland would create competition issues that would need addressing carefully.—https://www.channelnewsasia.com/business/ubs-credit-suisse-tie-may-not-lead-swiss-bliss-central-bank-3369616
And this from Axios report:
UBS-Credit Suisse deal shows that shareholders are no longer in charge
UBS yesterday agreed to buy troubled Swiss banking rival Credit Suisse, in a $3.2 billion deal whose speed was unthinkable before Silicon Valley Bank's collapse.
Why it matters: The Swiss government literally changed the law to get the deal done, creating short-term stability for the global banking sector but long-term questions about shareholder rights.
In any acquisition of a publicly traded company, the acquired company's stockholders have the right to vote their shares in favor or disapproval.
Credit Suisse shares are listed in both New York and Zurich, but the Swiss government unilaterally moved to eliminate the voting rights.
It's an unprecedented decision. During the great financial crisis, for example, Bear Stearns shareholders voted to approve its government-desired takeover by JPMorgan (even getting a better deal in the process).
What they're saying: "This feels like Russia in Zurich," says a source close to Credit Suisse. "You've got Swiss families who have invested a lot in Credit Suisse basically getting wiped out without a say."
But, but, but: Credit Suisse shareholders do make out slightly better in this deal than do bondholders, which isn't usually the case.
The bottom line: UBS buying Credit Suisse is a shotgun wedding, insisted upon by a Western, capitalist country. The question now is if it sets a precedent for other countries to follow, and how investors would react to losing one of their most fundamental rights.
Conclusion:
In the endgame, the biggest shareholders and old money families will not lose their shirts. The next couple of weeks should be a real drama-rama on the Money Matrix merry-go-round!