Japanese Banking Giant Norinchukin Pulls Plug on Global Financial System With $63 Billion Treasuries, European Bonds Liquidation
As many predicted, the next phase of the global financial collapse currently in motion is striking Japan as banking giant Norinchukin, best known as Japan’s “CLO whale,” liquidates $63 billion worth of U.S. Treasuries and European bonds to address the massive unrealized losses on its balance sheet.
Many people missed it, but last fall Norinchukin was quietly added to the private Federal Reserve banking cartel’s Standing Repo Facility, which Zero Hedgeappropriately and simply describes as “the Fed’s foreign bank bailout slush fund,” effective Dec. 1, 2023.
Japan’s fifth largest bank with $840 billion in assets, Norinchukin will reportedly sell more than 10 trillion yen’s worth of its holdings of both U.S. and European government bonds during the year ending March 2025 “as it aims to stem its losses from bets on low-yield foreign bonds, a main cause of its deteriorating balance sheet, and lower the risks associated with holding foreign government bonds,” to quote Nikkei.
Just like what is happening right now here in the United States, Japanese banks in general are sitting on mountains of unrealized losses that eventually have to be settled. The powers that be(TPTB) are pulling out all the stops, including many of their usual financial rigging shenanigans, to try to save themselves, but unlike 2008 it appears as though there are no options left to kick the can any further down the road than it already is.
(Related: Did you hear that America’s largest private bus company just filed for bankruptcy?)
U.S. banks sitting on more than half a TRILLION dollars in unrealized losses
Since the world’s financial system is global and interconnected, what hits Japan also hits the U.S., and vice versa. In fact, all Western nations allied on the opposing side of BRICS face epic financial meltdowns once the falling house of cards really gets going.
According to the latest figures, U.S. banks are currently sitting on more than half a trillion dollars in unrealized losses as a result of the Fed’s interest rate increases over the past several years. Those increases were necessary, we are told, to fight inflation, but as they hike up the ladder the banks on the other side of the bad trade are failing one by one.
The Fed is printing its worthless Federal Reserve Notes (FRN) as quickly as possible to try to plug the hole of the sinking ship, jacking up the tab of the U.S. taxpayer along the way, but it appears as though the Western financial oligopoly has run out of schemes to save itself from an inevitable implosion.
While interest rates in Japan have barely budged all this time, the Fed’s efforts to sweep the overflowing sewer of unrealized losses under the proverbial rug, Japan’s financial system is already feeling massive shockwaves that threaten to topple its financial house of cards.
Western finance is a lot like those circus clowns that spin a bunch of plates on sticks, dancing around and creating a spectacle while trying not to drop any of them. The minute one falls or strikes another, they all end up falling, followed by a womp, womp – though there will be no laughter or goofing around when all these financial plates fall.
“Maybe Japan now and the U.S. later,” speculated one internet commenter. “We’re all headed off the cliff.”
“The obvious evolution of ALL fractional reserve banking was going to be the destruction of all currencies,” wrote another.
“History has proven this over and over and over. This allows the USSA and the Petro$ to live another day, but the die has been cast. The worldwide debt Ponzi scheme is imploding. There will be no lifeboats for anyone.”
They said not even God could sink the Titanic – then look what happened. Learn more at Collapse.news.
West Has Plan to Replace Zelensky – Russian Intelligence
Vladimir Zelensky’s position is totally dependent on Western support, but the US and its allies will sacrifice him without any qualms, the Russian foreign intelligence service (SVR) has said.
Moscow considers Zelensky to be a usurper, since his five-year presidential term expired in May. President Vladimir Putin has argued that, under the Ukrainian constitution, the parliament remains legitimate, and presidential authority should have passed to its speaker when Zelensky’s term ended. However, officials in Kiev have conspired to keep Zelensky in place.
“It is becoming increasingly evident that the White House will soon shut down ‘Project Zelensky’,” the SVR said on Thursday.
It believes Zelensky will be used as a scapegoat “once Russia solidifies its successes on the battlefield, and exhausted and demoralized Ukrainian troops find themselves with no way out.”
Read more Ukraine could invite Russia to next peace talks – Zelensky aide
Once Zelensky is of no use, “the White House will throw him on the trash heap of history with no second thought, and replace him with another Ukrainian politician whom it considers suitable to negotiate a peaceful resolution of the conflict with Russia.” Retired General Valery Zaluzhny, the former top commander of the armed forces, is a likely candidate, according to the SVR.
The Russian intelligence agency dismissed as “comical” Zelensky’s attempts to convince foreign audiences that a Ukrainian military victory over Russia was possible.
Putin’s analysis, which he outlined last week in a keynote speech on Russian foreign policy, is that Zelensky remains of use to foreign sponsors. He can issue and enforce several policies, which would be highly unpopular among Ukrainians but would otherwise help Kiev to prolong hostilities with Russia. He will then have to take the blame for those decisions, Putin predicted.
READ MORE: Zelensky bans another Ukrainian opposition party
The president noted that any agreements signed by Zelensky with foreign nations after May 20, such as the recent bilateral ten-year security deal with the US, can be easily discarded by other parties, since he no longer has any legal authority to represent Ukraine.
Big Brother on Board: UK Train Stations use Amazon-Powered AI to Read People’s Mood
In the UK, a series of AI trials involving thousands of train passengers who were unwittingly subjected to emotion-detecting software raises profound privacy concerns. The technology, developed by Amazon and employed at various major train stations including London’s Euston and Waterloo, as well as Manchester Piccadilly, used artificial intelligence to scan faces and assess emotional states along with age and gender. Documents obtained by the civil liberties group Big Brother Watch through a freedom of information request unveiled these practices, which might soon influence advertising strategies.
Over the last two years, these trials, managed by Network Rail, implemented “smart” CCTV technology and older cameras linked to cloud-based systems to monitor a range of activities. These included detecting trespassing on train tracks, managing crowd sizes on platforms, and identifying antisocial behaviors such as shouting or smoking. The trials even monitored potential bike theft and other safety-related incidents.
The data derived from these systems could be utilized to enhance advertising revenues by gauging passenger satisfaction through their emotional states, captured when individuals crossed virtual tripwires near ticket barriers. Despite the extensive use of these technologies, the efficacy and ethical implications of emotion recognition are hotly debated. Critics, including AI researchers, argue the technology is unreliable and have called for its prohibition, supported by warnings from the UK’s data regulator, the Information Commissioner’s Office, about the immaturity of emotion analysis technologies.
According to Wired, Gregory Butler, CEO of Purple Transform, has mentioned discontinuing the emotion detection capability during the trials and affirmed that no images were stored while the system was active. Meanwhile, Network Rail has maintained that its surveillance efforts are in line with legal standards and are crucial for maintaining safety across the rail network. Yet, documents suggest that the accuracy and application of emotion analysis in real settings remain unvalidated, as noted in several reports from the stations.
Privacy advocates are particularly alarmed by the opaque nature and the potential for overreach in the use of AI in public spaces. Jake Hurfurt from Big Brother Watch has expressed significant concerns about the normalization of such invasive surveillance without adequate public discourse or oversight.
Jake Hurfurt, Head of Research & Investigations at Big Brother Watch, said: “Network Rail had no right to deploy discredited emotion recognition technology against unwitting commuters at some of Britain’s biggest stations, and I have submitted a complaint to the Information Commissioner about this trial.
“It is alarming that as a public body it decided to roll out a large scale trial of Amazon-made AI surveillance in several stations with no public awareness, especially when Network Rail mixed safety tech in with pseudoscientific tools and suggested the data could be given to advertisers.’
“Technology can have a role to play in making the railways safer, but there needs to be a robust public debate about the necessity and proportionality of tools used.
“AI-powered surveillance could put all our privacy at risk, especially if misused, and Network Rail’s disregard of those concerns shows a contempt for our rights.”
BREAKING VIDEO: Pfizer Head Albert Bourla says Covid Was Just a Test
On the Wednesday show, Alex Jones played a video of Pfizer CEO Albert Bourla discussing how Covid was just training wheels for for the real bioweapon.
Don’t miss:
Alex Jones Investigates Scene Of The Crime Where 2020 Election Was Stolen in Michigan & Decrees We Will Take Our Country Back
Alex Jones visits the scene of the crime where the 2020 election steal transpired in the state of Michigan and discusses how to ensure a free and fair election this coming November.
Alex Jones Investigates The Scene Of The Crime Where The 2020 Election Was Stolen in Michigan And Decrees That We Will Take Our Country Back.
USA USA! pic.twitter.com/CMARz91pnY— Alex Jones (@RealAlexJones) June 20, 2024
Don’t miss Alex Jones’ powerful speech at Turning Point Action:
Alex Jones Gives Powerful Speech At Turning Point Action In Detroit pic.twitter.com/ahtfoMEbZ4
— Alex Jones (@RealAlexJones) June 16, 2024
Donald Trump And Alex Jones Take Detroit By Storm At Powerful Turning Point Action Event pic.twitter.com/AaO5TOEl1f
— Alex Jones (@RealAlexJones) June 17, 2024
Louisiana Passes Law Requiring Ten Commandments Displayed in All Public Classrooms
Louisiana passed landmark legislation Wednesday requiring posters featuring The Ten Commandments to be displayed in classrooms throughout the state.
Gov. Jeff Landry (R) signed the law Wednesday, making Louisiana the first state to ever pass such legislation.
The law says public school classrooms and state-funded universities should provide for poster-size displays of the Commandments and three other historical documents.
“The text of the Ten Commandments shall be the central focus of the poster or framed document and shall be printed in a large, easily readable font,” the law’s text states.
“Recognizing the historical role of the Ten Commandments accords with our nation’s history and faithfully reflects the understanding of the founders of our nation with respect to the necessity of civic morality to a functional self-government.”
The law also says classrooms must feature the Mayflower Compact, the Declaration of Independence, and the Northwest Ordinance of 1787.
Liberal civil rights group, including the ACLU, Americans United for Separation of Church and State, and the Freedom from Religion Foundation, declared they would sue the state claiming a 40-year-old Supreme Court decision bars public schools from displaying the Commandments.
“The displays mandated by H.B. 71 will result in unconstitutional religious coercion of students, who are legally required to attend school and are thus a captive audience for school-sponsored religious messages,” the groups wrote in a joint statement.
Gov. Landry predicted blowback at a Republican fundraiser over the weekend where he revealed he planned to sign the bill, adding, “And I can’t wait to be sued.”
The in-class posters will read:
“The Ten Commandments
I AM the LORD thy God.
Thou shalt have no other gods before me.
Thou shalt not make to thyself any graven images.
Thou shalt not take the Name of the Lord thy God in vain.
Remember the Sabbath day, to keep it holy.
Honor thy father and thy mother, that thy days may be long upon the land which the Lord thy God giveth thee.
Thou shalt not kill.
Thou shalt not commit adultery.
Thou shalt not steal.
Thou shalt not bear false witness against thy neighbor.
Thou shalt not covet thy neighbor’s house. Thou shalt not covet thy neighbor’s wife, nor his manservant, nor his maidservant, nor his cattle, nor anything that is thy neighbor’s.”