Moody’s Downgrades 11 Banks and OPEC to Join BRICS and Kill U.S. Dollar

 

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Brannon Howse: Joining me now is Rebecca Walser to give us our weekly financial update. Rebecca, welcome back to the broadcast. Thank you for joining us.

 

Rebecca Walser: Thanks for having me.

 

Brannon Howse: Hey, I see Fox News loses nearly 1 billion in value after firing Tucker Carlson. Rumors swirling tonight that he might be signing with One America News. Our friends, The Herring's one America News.

 

Rebecca Walser: I would be shocked, though, Brannon, because I think that Tucker is a big enough brand that he could do a Glenn Beck type of move and create his own media empire.

 

Brannon Howse: That's what Logan and I have said. Logan And I said the same thing to each other. He could just pave his own way.

 

Rebecca Walser: Yeah, he doesn't need anybody. He's got I mean, let's remember, he was on CNN, Crossfire back when I was in college. I mean, he's not that much older than me, but he's amazing. And I think that he's going to do fine. And, you know, I have to say, it's hard for me to talk about this because I do have a really good relationship with Fox. But, you know, things change. And when you're looking at an institution that basically lets go of their number one show, you have to understand there's a reason behind that. That to me it's hard for me to talk about, but it shouts a certain thing, and it's very disconcerting obviously especially for conservatives think that have trusted Fox for almost 30 years to be their mainstream news source and think that that is a serious question mark at this point. So it's very difficult. The whole thing is very sad.

 

Brannon Howse: Indeed. Well, you and I have been saying this banking crisis is not over. Here's a headline tonight from CNBC from yesterday. First Republic says deposits tumbled 40% in one first quarter but have stabilized since. Yeah, that's what they tell us. But I wonder what it took to stabilize. I wonder how much quantitative easing took place, and how much liquidity injections had to take place. Any idea?

 

Rebecca Walser: Well, I can tell you that we've had Moody's in the last little bit here, downgrade 11 regional banks. A couple of them got downgraded twice. And if you put it into perspective with First Republic, Credit Suisse, obviously had to be bought by UBS to stop the bleeding. And now we have one big bank over in Switzerland. It only lost 69 billion in deposits. Brannon so to put that in perspective, that is the collapse of Credit Suisse, an institution for, you know, decades and decades. And then here we have, you know, first Republic, $104 billion in the first quarter. And now all of these regional banks are getting downgraded. What we're starting to really see is a massive credit tightening, which always precedes recessions because what's happening is as the economy gets worse and worse, as retail becomes worse, as manufacturing becomes worse, as earning seasons come down, which we haven't seen exactly so much just yet. But it's coming. You know, basically, credit starts, and liquidity starts to dry up. And whether an institution relies on its own cash flow to cover everything, which it normally doesn't or it has to go out into the market, if it goes out into the market to borrow, it's going usually to these regional banks.

 

Rebecca Walser: And the biggest problem right now with the regionals is all of the commercial credit that is really suspect. You know, the hybrid work schedule has really created an anomaly that we've never seen before in our country where the office space is just not as important as it once was. And this is going to be a huge shift out of the urban areas, to the suburban areas, to the rural areas. It's the exact opposite of what everybody, really kind of the central planning groups, really want, which is to push people into urban areas where they can really control them and the smart cities that we've talked about. So this is a really big problem all around. But Brannon, like we said earlier on, this is just was just a backstop and the liquidity crisis is going to be the final nail in the coffin for a sovereign debt. You know, just basically divestiture globally. That's happening. And starting this year.

 

Brannon Howse: Here's the headline, Desert News reports or MSN.com. Moody's downgrades 11 regional banks, including Zions, US Bank Western Alliance, and others. She just said it, and there is the headline. I was able to find it while she was talking. This is not good obviously. And you then brought up commercial real estate. I went buy a building the other day that, let's see, 17 years ago, 17 years ago. I went by this building on Sunday, 17 years ago. This is a beautiful office building, a beautiful multi-story, probably 8 or 9 stories. This building. 17 years ago, I took my wife there for a doctor's appointment. She'd gotten bit by a spider or something. I can't remember what and swelled up and we had to go. And so we went to this doctor in this building, a very beautiful building, still a very beautiful building. And to my surprise, I drove by it on Sunday, empty, deserted, and a big sign leasing out front. And I thought to myself, and this is in a nice area, and I thought to myself, wow, is that not an omen of things to come if they can't keep that beautiful building full? That used to be I mean, I was in the building 17 years ago. I was only in the building one time, but it was busting parking lot was full and all the offices were occupied, many of them by doctors and lawyers, and many other professionals. And now it's empty. And I'm thinking about the poor bank that's probably sitting on that, Right?

 

Rebecca Walser: Well, you know, it's a new world because like, even my client base, you know, we were really ahead of the curve. We have been a national practice for, you know, over seven years. And we're based in Tampa and we work with a lot of clients. Virtually a lot of clients apply for their Florida vacation and come and meet with us. But we've kind of been at the forefront of this kind of hybrid model. But if you think about it, Brandon, telemedicine now, everything is moving and really this is really going to prepare people, I think, for, you know, the AI that's coming that really gets rid of all of our jobs. So they first get us out of the offices. We have to go home and work. And then eventually they'll say, oh, you know what? We don't need you to work just three days a week. Oh, you know what? We don't need you to work at all because AI is going to take it over. And, you know, China is having this big meeting and Cape Town, South Africa in June, early June. And we have, you know, Saudi Arabia what they formal application to join the BRICS nations. I'm actually joining Fox and friends tomorrow to talk specifically about this Cape Town meeting because it is really happening. Brannon, this is the largest threat that we've had to the hegemonic dollar since 1944. People need to prepare. That is early June in Cape Town, South Africa. 

 

Brannon Howse: So when Brazil, Russia, India, China, and South Africa start having their meetings with Saudi Arabia in early June if that ends up being a done deal and Saudi Arabia officially joins, and of course, they're talking about adding Argentina and they're adding Iran.

 

Rebecca Walser: We have 14 countries with formal applications and six with formal applications. We've got 20 pending BRICS nations applying. And Saudi Arabia is on that official list, which is the alarm bell that I've been ringing. I've been saying as Saudi Arabia moves to BRICS, they've already basically told us that's what they're doing between their security agreement with Russia last year and their economic announcement with China at the end of last year, they've already told us this is what they're doing. We've already seen that there's actually a liquefied natural gas, 65 tons sold between China to France in Wuhan. So we already know that the petrodollar is over. But I don't think the world has caught up and realized it yet. And obviously, our system is a system of confidence. There's nothing that has improved at all since March when we started to have the bank liquidity crisis except for the Treasury, Congress and the President came out and said, we will backstop this. And yet people feel confident again, don't know why my camera is blurring. I apologize for that. So people feel confident again. But the bottom line is, Brannon, we just aren't there.

 

Brannon Howse: So how do you see this unfolding, Rebecca? I mean, when is there going to be a formal meeting with Saudi Arabia and the OPEC nations? And they walk out in there, you know, their robes and their, you know, headgear and all the sheiks and whatnot show up and they say, thank you, America. It's been a nice run since Nixon cut the deal with us in the 70s. But it's over. The party is over. We're done. I mean, I'm not joking. Is there going to be an official ceremony and an announcement, a quiet press release in the middle of the night? I mean, how does this happen? How do you see this unfolding?

 

Rebecca Walser: Um, Saudi Arabia has definitely formal processes. If you go back and look at Trump and the sword ceremony that they did for him, which was unprecedented for a U.S. president, would turn your audience to look at that information and research that that's very interesting. But, you know, the thing that Saudi Arabia has to do that we care about, obviously they've been advertised. They're going to BRICS. That's this is something they've been announcing. It's very, very clear they could not make it any clearer. So Saudi Arabia basically controls OPEC. Okay. That's 13 countries. We used to have OPEC Plus in there. The plus was Russia. Russia lost last year when we kicked them out of Swift, they stopped selling energy for dollars. That was over. So what we have left is the 13 OPEC nations and that block that are not yet transferred to outside US dollar sales. That's the key when that happens. And that could happen at any moment. Brandon That is really when the petrodollar ends. The petrodollar is the quasi-economic equivalent of having our currency still backed by a hard asset. It's not backed by hard assets anymore. It is fiat. However, its association as the global reserve and being forced to buy dollars to buy oil because of the agreement between the United States and OPEC has sustained the dollar as the sole reserve currency. Through that petrodollar arrangement. And as that ends, you could see, and this is why you have African leaders talking about, you know, dump your dollars, that we're going to have this 100 countries one-day event.

 

Rebecca Walser: I don't believe that think that is pure speculation because that would go against the country's financial interest to do that and to coordinate with that. But then again, you know, China is controlling this block and they have a lot of economic power and we have lost it and we have let it happen and it's our fault. And we should take responsibility and we should figure out how to fix it. And how to not fix it is to pretend like it's not happening. And we're the only global reserve option that the world has. This is not going to be the answer because you have three things I can give you. The West, which is the IMF is coming out with the uni-coin. So they're trying to mimic Enbridge, which is the product of the BRICS nations and the East. And then you've got on top of all of that the Bank of International Settlements, which has Project Icebreaker, which is the global central bank digital currency that will basically reallocate the world. So all of the central banks are moving to this central bank digital currency. And this is happening and it's happening very, very fast for all those people out there. And there's a lot of them that say the dollar is not going anywhere and this is going to be a 50-year transition process. They have no idea globally what is happening. They are completely out of it or they or they have an intention with what they're saying to keep the information at bay and not let Americans know what's really happening.

 

Brannon Howse: So do you see this unraveling in a 24-hour period over the course of several weeks when they finally make the announcement in Saudi Arabia and OPEC walk from the American dollar, is this a 24-hour collapse or does this take weeks?

 

Rebecca Walser: I mean, if we look back to history and you've mentioned it on your show many, many times, that 2008 day where we had an electronic bank run and by 4:00 in the afternoon, we would have had $4 trillion pulled out of our banking system, which would not have been recoverable from the mean. It would have been the implosion of Rome in one electronic day. So the answer is, could it happen within one day? Of course, absolutely. When with a digitized world, you know, that's why they have to pause exchanges. That's why they have to stop withdrawals. That's because everything can happen very, very quickly in such a digitized world. But what they're trying to do, Brannon, is they're trying to get the central bank currency, the central bank digital currency coins ready so that as this system does die, however fast that happens there, I think that their plan is to leverage the chaos of, you know, everything collapsing, to get Americans to accept electronic vouchers. Electronic vouchers are the digital dollar and are the fed now platform. There will be the end of money as we know it. Money is ending as we move to central bank digital currency. And there is no more money. Money has three distinctive features. It is immutable, meaning that it can. It's fungible. It can be used universally anywhere. Otherwise, it's not legal tender, it's not money, it's not currency.

 

Rebecca Walser: So that's number one. It's globally accepted. Well, at least in the United States, you know, in your country. Number two, it is a store of value so that I can say, hey, I'm not going to spend I'm going to save up $1 million over my lifetime and then I'm going to keep it. I'm going to give it to my kids. I save and I store that value. And it has that ability. And then number three, it's anonymous. There is no digital identification with it. As we go to digital money. It is it loses all of those things because we already know that China puts time limits on the universal basic income that some of its citizens get. So they can literally say, okay, here's your thing and you have to spend it within 45 days. So a store of value is gone, and anonymity is completely gone. And the ability to universally accept it everywhere will not be the case because obviously the United States will have a digital dollar and, you know, we'll have a digital dollar in the UK and we'll have a digital Wuhan in China and eventually everything will be merged into one. And of course, the Bank of International Settlements wants that to be Project Icebreaker. But ultimately this is going to lead to a global form of digital electronic payments.

 

Brannon Howse: And look at this article I have on my website today, a link to it WorldviewReport.com, or aggregated news site. I link to it Rich Dad Poor Dad Author warns Dystopian Cbdcs will allow the government to track purchases. Big Brother will be constantly monitoring our financial activity. Brand new article out today so tell us real quickly before you go, we go to David Pyne and then Ed Dowd. Um. This, of course, is why a lot of people are pulling their money out of their banks. They are. We're seeing it. They're paying their house off because if they don't pay their house off and their bank goes belly up and the government doesn't ensure everything with the FDIC if they do run out of money and they don't have enough money to do this and we don't know, maybe they will guarantee everything, maybe they don't. Or there is a run on the dollar. I mean, the dollar collapses as a world reserve currency, and the dollar is debased drastically. Now, those banks could also again, be in massive financial trouble. But if you have a loan on your house and all of a sudden you can't get to your money or your money is being debased quickly or your bank fails and there's not enough money in the FDIC, which there wouldn't be.

 

Brannon Howse: And Congress isn't going to allow more money to come into the FTC to bail people out. We don't know what's going to happen. But if your bank account is gone, your mortgage is still there. It's going to go to someone. When this all washes out, 3 or 4 big banks will be left and you're going to have to pay your money. So some people say, well, the mortgage I have is with the bank. And if the bank takes my $200,000 and I owe $150,000 on my house, well, you know, then I'm paid in full. No, that's not how it's written. Audience You're a you're an uninsured creditor and you will still have to pay your mortgage. So I think some people are figuring this out and they're taking money out and they're paying off their house. They're buying rental property. They're using it for rental. They're using it for, you know, Airbnb. They're putting it into the land. They're putting it into gold and silver. They're paying off debt. People must be waking up to something. Otherwise, you wouldn't see so many average Americans pulling money out of the bank. True or false?

 

Rebecca Walser: You're absolutely right. And I think that it's finally breaking through to the mainstream. Even with all of the censorship, even with all of the keeping the message at bay, people are finally getting that something is not right. I saw a headline today that said, Does Cbdcs make the need for gold and silver redundant? Irrelevant. And that is the kind of thing that they're going to try to put out there now that, oh, you know, we're going to have this safe digital on the blockchain you can verify. And what people don't understand is that we've already lost so many of our freedoms and this is just another one we're just going to like, Oh, and any time anything is presented to you for the sake of convenience, speed We've already talked about this. Brannon, Anytime they're saying it's faster, it's better, it's this or that. We don't need anything for the federal government to get involved. And we have cash. We have Zelle, we have a ton of instant payment systems. The federal government is not going to sell us electronic vouchers or digital currency by saying that it's faster. That's not going to cut it.

 

Rebecca Walser: Get a better line to sell the American people a lie because that is ridiculous on its face. People are waking up to this. It has to be a true store of value that I anonymously control or it is not money. Therefore, this is not money. This is a trap. And we must realize, as American citizens, that the social construct between the U.S. citizenry and the federal government is now completely broken. And if we do not get together and stand up and say, absolutely not, this is where we draw the line, you are not going to take absolute and total totalitarian control over our money. You know, I am in this space of money. This is what I do every single day. And I will say, besides your religion, your faith, and your family, finance is the next most personal thing to everybody on planet Earth because it is what tells you how you're going to feed your kids. How are you going to put clothes on their backs? How are you going to protect them from the storm? This is our livelihood and we have to wake up and get together as a country and say, stop.

 

Rebecca Walser: Why does everyone assume that central bank digital currency is a good thing and we're just going to universally accept it?

 

Rebecca Walser: 81 countries are moving to central bank digital currency this year. Where is the outrage? Don't give me a headline that says, oh, is this going to be the end of gold and silver and Bitcoin? Wake up, people! This is communism, totalitarianism, corporatism, and fascism coming at you in one little digital coin.

 

Brannon Howse: Amen. You are on fire. Love it. Love it. I get so many compliments. I get so many compliments from people. And I'm talking about national figures. That Rebecca Walser, Wow, She is smart. Like, yeah, she is. And you guys just saw it. Now, final question. Final question before we go to David Payne and Ed Dowd. I saw an article by I don't know how you say his name. I don't know if it's David Icke or whatever. I think it's Icke. David. Icke.

 

Rebecca Walser: Yeah, yeah, I'm very familiar. 

 

Brannon Howse: So he had, he had an article up the other day about the uni coin and icebreaker by the IMF and everything, I mean by the Bank for National Settlements. And he made a clever comment. I want to see if you agree. Um, he says the IMF endorsing this uni coin could basically make, of course, this is what we go back to Carroll Quigley in his book 1966 Tragedy and Hope, said that the Bank for International Settlements is going to be what helps gives birth to the whole global system. And then the president, the European bank came to America back in like 2010 and gave a speech in New York and said, yeah, the Bank for National Settlements will be the Center for Global Governance. And then we have other guys like Barry Goldwater, who ran for president in 1964, I think it was in his book "With No Apology" that says look out, look out because the International Monetary Fund and all these other guys are going to be working to do these things. And you better be very careful as to what comes about. And I'll tell you, Strobe Talbott, who was at the State Department and roomed with Clinton when he was in college, I think it was, and then went to the State Department, wrote a piece for Time Magazine on globalization at the end of national sovereignty and nation-states.

 

Brannon Howse: And he talked about the International Monetary Fund specifically. And here you now have the IMF embracing this unicorn. Well, David Icke says, I think this unicorn and what's going on with it being embraced by the IMF is this could be the master key. This could be the master key. The International Monetary Fund could be used and the unicorn to set the master key. So the Fed here in America could have the Fed Now another country could have something their CBDC is called, but the unicorn endorsed by the IMF, which of course has had special drawing rights, as you know, since 1969, kind of the beginning of a global currency standard. So the IMF comes along and endorses the uni coin and that could become the master key. So I'm wondering what you think about all of these different computer programs, because as I said, the other day, when you think about CBDCs, all it really is, is a computer program with zeros and ones. It's just a computer program with zeros and ones. Right? Your money is just a digit. And so you take the software and you connect them all together and the uni coin and the IMF is the master key to set the standards and the weights for all the other CBDCs no matter what you call them, do you think David's on to something that the unicorn with the IMF could be the master key?

 

Rebecca Walser: I respect David's work. He's British and I respect his work immensely. He's definitely contrarian. He's been out there on the forefront for many decades on what's coming global, you know, globalization that can turn into communism, totalitarianism. I think he's not exactly right on this point because the IMF is trying to emulate what they're doing on the East with Enbridge specifically. So Enbridge is a digital platform that can take inter-country exchanges digitally. And so when you look at the BRICS nations, they're obviously moving towards Enbridge, and the IMF is a legacy of the West. And when I say the West, I want to be very clear. I'm not talking about geography. I'm talking about the countries that are aligned with the West, which would be obviously the United States and Europe, the UK, Canada, Australia and New Zealand, and Japan. So you have the West, the IMF, basically the International Monetary Fund. What they really do is they are trying to bring the whole world, they and the World Bank are trying to bring the whole world into a US-based, European-based model of society, which is, hey, we're going to give you a bunch of loans. These loans are going to be used for infrastructure.

 

Rebecca Walser: You're going to bring a bunch of corporations to your country. We're going to, you know, bring you into the first world, systematize you, get you infrastructure, all these things. You're going to have to pay us back. But with all these businesses that we bring to your country, i.e. small Europe, small little America, you're going to have enough tax revenue from your citizens because of all the jobs to pay us back. So the IMF, and the World Bank, are really a Western mentality. And where I'm seeing the biggest divergence really, Brannon, this year is the East is pulling away, BRICS is winning. They're kicking our butts. And if we don't do something fast, the dollar and the world, you know, world status of the hegemonic power of the dollar is over. It has already dropped the fastest I've ever seen in history since it's since 1944, Bretton Woods. So I think David is right that the IMF is trying to have an interdenominational currency reserve in a digital space that would be leveraged by the Western countries that are part of Swift still, But the BRICS nations are pulling away.

 

Brannon Howse: Wow. All right. I'll put up her thing again. So don't say walls are financial. It's walserwealth.com There we go. Walserwealth.com. Walls are welcome. You have my cheat sheet off to the side. Walserwealth.com. Walserwealth.com. You can help people. She can help people. She is not a traditional financial planner, as you can hear. And I've learned from her economic worldview, which we appreciate so much. So I get nothing by promoting her. I get a great guest in return. I promote her website and what she does because we obviously think she's smart. We wouldn't have her on every week. So we love.

 

Rebecca Walser: We love the Brannon Howse listeners and watchers. Brannon, They're great. They're awesome. They're really wonderful. So thank you so much. It's great to connect people to the right kind of information and the right resources. Absolutely. And we need it.

 

Brannon Howse: Walserwealth.com. Walserwealth.com. And just to save her some work, folks, she doesn't ask me to say this, but I don't want her inundated with people calling just to, you know, pick her brain. She doesn't have time for that. She has a staff. She has to pay building rent and everything else. So you got to be qualified with at least $250,000 in net worth or more doesn't mean you have to invest 250,000, but you've got to be qualified with at least 250,000 or more of your net worth or more to be able to work with her firm. And that's oftentimes related to licenses and insurance and rules and laws that require that some firms you've got to have a net worth of $1 million or they can't work with you. So, again, don't be offended. That's just the criteria. And she's licensed and insured and she has all kinds of rules and regulations she has to follow. So don't blame her Walserwealth.com. Is that fair enough?

 

Rebecca Walser: That's perfect. Brannon, thank you so much. Appreciate it.

 

Brannon Howse:  Rebecca. Checking in, check out her site Walserwealth.com.

 

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