"I've updated my 2020 manuscript and uploaded the first 5 paragraphs of each chapter to ChatGPT, with the instruction, "You are the senior editor at the New Yorker Magazine. Please edit this text to your magazine's high standards. The stylistic improvements were obvious, but the innate censorship was rather shocking!"
Something else is going on in the United States aside from a war against Russia, and a war against China…
And against the backdrop of a new global currency, a friendship bond between Saudi Arabia and Iran, and the general collapse of America’s domestic society…
The banks throughout the United States are starting to close. They are running out of money. And it is a complex situation, but one that China and Russia has well anticipated.
Hal Turner is on this, but he’s often too much of a hysterical “sky is falling” kind of fellow.
But it is worrisome.
Today, I urge everyone NOT to get too caught up. If you have been following the MM advice, you should be well-prepped for anything that comes your way. Community. Family. Prudent. Reasonable and calm actions.
Affirmations.
Do them.
“Emergency All-Senators Briefing” Underway from White House – Banking Crisis Grows
The Biden regime is holding an all-senators briefing now after Feds announced rescue plan for Silicon Valley Bank, according to sources inside Washington, DC.
The briefing outlines the banking system is now in grave danger and unless government does something to restore confidence, an actual collapse can take place.
Skill of the Week: Shuffle a Deck of Cards
From the Art of manliness…
An important part of manhood has always been about having the competence to be effective in the world — having the breadth of skills, the savoir-faire, to handle any situation you find yourself in. With that in mind, each Sunday we’ll be republishing one of the illustrated guides from our archives, so you can hone your manly know-how week by week.
I’m surprised by the number of men who don’t know how to shuffle a deck of cards. But you shouldn’t have to hand the deck to your grandpa for shuffling the next time you’re playing one of the six card games every man should know. Learn how to thoroughly shuffle a deck of cards just like Gramps, with a bit of flair to boot!
Illustration by Ted Slampyak
Anti-War Activist CONFRONTS Dem Leader Over Ukraine War
The Top 20 Things You Never Want To Say In Front of a Judge
The last thing you want to do when you find yourself before a judge is make life more difficult for yourself by saying something rude or stupid. Even worse, lawyers are frequently before judges because it is their job, and they have a million opportunities to irritate these arbiters of justice.
Here are some things you should try to never say, and some actual examples of questions and responses you one hundred percent want to avoid repeating!
20. “Your Honour, have you read the material?”
Woe betide the attorney who embarrasses the judge in front of the court. That same judge is likely to tell you exactly in which orifice you can file your material.
19. “I intend to represent myself.”
Your judge knows that those who represent themselves have fools for clients. Your judge now thinks you are a fool, and is not looking forward to your amateur open mic night in her court.
18. Any and all swear words.
Yes, we’ve all heard it everywhere; nobody is immune. There is still a certain decorum in court. Do you want to be found in contempt? Because this is how you get found in contempt.
17. “Nobody told me!”
The judge knows that the clerk, officer, and/or your attorney did in fact tell you when to show up and what to bring. You are not a child. Be on time with your stuff.
16. “It might be hard for you to see this…”
Lawyer, please. Did you actually make a hand out or use a font the judge can’t view from the bench? Did you think you came here to play Pictionary? Bring items that can be easily read, period.
15. “You know/like/the thing of it is” etc.
Your verbal tic may not annoy the people who love you and have gotten used to it. For the judge, your attorney/client, the jury, and the court reporter, you are now perceived as the spawn of Satan and a broken record. Try incredibly hard to not be a verbal speed bump. You don’t want the judge to envision your head exploding each time you repeat yourself.
Now that we’ve learned the basics, let’s look at statements from actual court transcripts to further illustrate what NOT to do.
14. “The People have evidence that the life of the witness is in jeopardy, and it is reasonable to apprehend he will not be able to attend the trial if he is not alive at that time.”
This is an actual thing a prosecutor once said. In front of a judge. On record.
13. “Were you present when that picture was taken?”
They let anybody into law school these days!
12. “All my autopsies are performed on dead people.”
It’s unclear from the transcript if the coroner was being facetious or not.
11. “Upon my life, if your lordship come to that, I am every bit as well dressed as your lordship….Why, you come here in your working clothes and I come in mine.”
Yes, but he’s wearing a robe, and you are covered in brick-layer’s dust, sir.
10. “In this case, I have absolutely no case law to back up my position. I find myself in the predicament of the blind man in the nudist colony – I’ll just have to feel my way along.”
So…that really counts as two things not to say in front of a judge.
9. “I don’t steal chickens before witnesses.”
Said the defendant. Oops.
8. “I’m deaf, your honor; so deaf I really don’t believe I could possibly hear more than one side of the case.”
Well, that’s a novel excuse to get out of jury duty!
7. “And these stairs, did they also go up?”
Smart enough for law school, not smart enough for an interior design certificate.
6. “Yes, Kirk to Enterprise- Beam me up.”
Said the defendant after the judge asked if he would like to say anything before sentencing.
5. “The youngest son, the 20-year-old, how old is he?”
Maybe the lawyer was using dog years.
4. “When he went, had you gone and had she, if she wanted to and were able, for the time being excluding all the restraints on her not to go, gone also, would he have brought you, meaning you and she, with him to the station?”
OBJECTION: WTF?
3. “Did he kill you?”
Oh, well then, by all means, rest your case, counsel!
2. “I am not a thermometer, so I can’t tell you the speed limit.”
The witness probably thought that sounded really clever, too.
1. “I’ll kill your family.”
Defendant Denver Allen, when the judge denied his request for a new public defender. Basically never say anything Allen said to the judge to anyone.
Tomato-Parmesan Bisque
Ingredients
- 1 quart milk
- 2 tablespoons all-purpose flour
- 2 tablespoons butter
- 1 can tomato soup
- 1 teaspoon salt
- 1/4 teaspoon pepper
- 2 cups grated Parmesan cheese
- Whipped cream
Instructions
- Heat the milk. Blend butter and flour and slowly add to the hot milk stirring until smooth. Keep on low heat, stirring slowly, while adding the tomato soup, salt and pepper.
- Just before serving, fold in the Parmesan cheese.
- Garnish each serving of soup with a heaping tablespoon of whipped cream.
INCREDIBLE FINDS OF THE WWII / METAL DETECTING WW2 N250
ANOTHER BANK FAILURE: SIGNATURE BANK IN NEW YORK; SEIZED BY FDIC
Signature Bank in New York has been shut down by New York State Banking Regulators. It is one of at least twelve banks whose Thursday and Friday stock plunges made it clear the bank was in major trouble. Failed Silicon Valley Bank saw similar stock crashes before it, too, was seized by Banking Regulators, in what is now the second largest Bank Failure in U.S. History.
New York Banking Authorities confirm they have seized Signature Bank.
More info as it becomes available.
Several More banks expected to fail tonight and tomorrow . . . .
The Complete Guide of Mormon Missionary Positions
The Church of Jesus Christ of Latter-day Saints, commonly known as the Mormons, believe in the importance of sexual purity and place a strong emphasis on marital fidelity. They teach that sexual activity should only occur within the bounds of marriage between a man and a woman and that any sexual activity outside of marriage, including premarital sex and homosexuality, is a sin. The church also teaches that marriage should be for life and that divorce should only be considered in extreme circumstances. Photographer Neil Dacosta has created the book of Mormon missionary positions together with art director Sara Phillips. The series shows two Mormon missionaries as they surrender to carnal same-sex lust while fully clothed. Please let us know in the comments below if this parody is in bad taste or Mormons shouldn’t be excluded from this site!
Lessons from The Art of War: Good Leaders vs. Bad Leaders
Editor’s Note: The following is adapted from The Ultimate Art of War by Antony Cummins, in which the author offers a fresh translation as well as a distillation and commentary of Sun Tzu’s teachings. The excerpt below provides a short summary of the qualities that Sun Tzu thought made up bad leaders versus good leaders.
The Qualities of a Bad Leader
Sun Tzu lists the following five characteristics that, if found to dominate a leader’s personality, will bring the downfall of that leader’s army:
1. Recklessness. Leaders who move forward to fight at every opportunity and see all situations as reason for a battle will get their army killed in the end.
2. Over-Cautiousness. Leaders who always avoid fights, look for the way out and are preoccupied by a wish to return home safely will end up being cornered and captured, because the enemy will find a way to chase them into a trap.
3. Hot-Headedness. Leaders who are easily angered can be provoked into declaring war without a plan in place.
4. Vanity. Leaders who have a high self-esteem and a desire to preserve their noble reputation at all costs can be manipulated through character assassination and slander.
5. Excessive Compassion. Leaders who care too much about the welfare of their people can lose sight of their objectives. Hard as it may sound, you have to be prepared to accept a certain amount of collateral damage in a campaign. If the enemy suspects that you are trying to avoid incurring any casualties whatsoever, they may try to manipulate you by targeting civilians knowing that this will throw you into confusion.
The above five characteristics exist in all humans, but none of them should be dominant. Do not let your personality become an obvious target for the enemy.
War Tip: Do not be too quick to battle or too quick to retreat. Do not anger in haste or place too much importance on your personal honor. Learn to accept that there will be casualties in war.
The Qualities of a Good Leader
Sun Tzu [says] that an army must be commanded by a single person who makes each soldier feel as if they were being led personally by the hand. This is how to make the army work as one.
The perfect leader will have the following qualities:
1. Calmness. A good leader is neither angry nor forceful. “Power” is not “force” and an army cannot be kept together for long through intimidation. Therefore, remain calm most of the time and only show your teeth when it is really necessary.
2. Unpredictability. Do not make the obvious move, and avoid leaving a pattern in your past activities. The enemy should not be able to identify what you will do in the future from what you did in the past. Do not take predictable routes, change your camp position . . . keep the enemy guessing.
3. Inscrutability. You also need to be unreadable, so that even if an enemy spy succeeds in infiltrating your camp and observes you from close quarters they still cannot read your thoughts.
4. Self-Discipline. There is a difference between obedience, discipline, and self-discipline. Many people are obedient, some have discipline forced upon them, but few are self-disciplined. While others rest and relax, the good leader works and only rests when it is the correct time.
5. Secrecy. There is a delicate balance between keeping plans secret and involving your command team. Too much secrecy and the command team will be alienated; too little and plans will be leaked. It appears Sun Tzu prefers more secrecy and to keep his command team loyal in other ways.
6. Leading By Example. Always be there with your troops (but maybe not always at the front), be observable, and earn the respect of the soldiers by sharing their hardships. Sun Tzu uses various images here to back up his point that the commander is “with the troops.” The first image he gives is of the commander leading the troops up a ladder that is then kicked away, allowing for no return. Alternatively, the army is represented as a great herd of animals moving as one with the leader in the center directing them all in a way that cannot be predicted from the outside. Be with the troops in all dangerous situations, but remain unknown to the enemy.
7. Responsibility. As leader you must confidently assume responsibility for the whole force. Be at the center of everything and use your troops in the most efficient way with the best results.
War Tip: A perfect leader is calm, unpredictable, unreadable, self-disciplined, discreet, is in the thick of it with the troops and is in total command from the center.
_____________________
Taken from The Ultimate Art of War, text copyright © Antony Cummins, Watkins Media 2019.
Just Came Home From the Supermarket – People Oblivious to Banking Crisis
I just arrived home from the supermarket where I went to top-off some preps and get some extra meat due to the banking troubles . . .
People in the store were completely, totally, oblivious to what is taking place in the Banking system. Not a care in the world.
The people on line behind me at the checkout noticed I had considerable amount of meat and they said “Got a lot of meat there.” I replied “Well, with the banks having troubles, I decided I would get some extra in case they all go under.” That raised eyebrows.
The guy’s wife said “Oh, you mean those California Banks; they’re not here, won’t affect us.”
I replied, “Silicon Valley Bank has a branch on Park Avenue in New York City for all the rich people. Yesterday, the bank had to call the New York City Police to forcibly remove those people because they wanted their money and the bank couldn’t give it to them. Plus, all the companies that had PAYROLL in Silicon Valley Bank, that money is gone. All the employee paychecks are no good. This is gonna spread so fast it will make our heads spin.”
The wife gave a worried look to the husband. I told them “The FDIC is at twelve other banks already, and it looks bad for them too. In fact, First Republic Bank looks like the next Domino to fall, probably tomorrow. God only knows how many more after that.”
The husband said “We haven’t seen anything about other banks on TV.” I replied “You won’t until it’s too late.”
Then I told them “Look, go to an ATM and get some cash out today. This way, if things go bad, you at least have money for food for a week or two til things settle down. If you don’t use it, you can put the money back in the bank, but it’s better to have it and not need it, than to need it and not have it.”
The husband nodded his head as if to say that’s a good idea.
Frankly, I cannot fathom that the ENTIRE system might collapse. It just makes no sense. There is no reason at all to smash the entire country to smithereens, and that’s exactly what would happen if the Banking system goes under.
I want to believe that cool heads will prevail and the system has enough back-stops built into it, to get through this. But I can’t help but feel that there is a much bigger, and very sinister plan, to force “the Great Reset” upon us all. And what better way to do that, than to smash the entire Banking System right now?
If this turns out to be some evil plan, there’s going to have to be reprisals against the people doing it. Brutal reprisals.
Piers Morgan Shocked When I Told Him the Truth About China!
FDIC Has Entered the Corporate HQ of Another Bank . . . FAILING FAST
This content WAS PREVIOUSLY for Subscribers Only, but since the London Daily Mail newspaper has now gone public, I have UNLOCKED this story.
According to sources in San Francisco, Bank Examiners, Auditors, and senior Executives from the Federal Deposit Insurance Corporation (FDIC) have entered the corporate headquarters of FIRST REPUBLIC BANK in San Francisco. They arrived earlier and remain in the building at this late hour (1:29 AM EST).
According to an inside source:
“The FDIC is already on site at First Republic Bank trying to determine the best path forward to protect depositors. Things are moving way faster than expected given the accelerating bank run that has already reached a tipping point.”
More if I get it.
China: It’s Life Or Death With U.S As An “Attacking Wolf”
Orange Bisque
Orange Bisque not only looks orange, it tastes like an orange.
Variation: To use fresh vegetables, cook 3 medium carrots, scraped, sliced or chopped, and 3 medium sweet potatoes, peeled and cut into pieces. When tender, use in place of the canned vegetables.
If using fresh ginger, peel a portion and mince enough for this recipe from the peeled portion. Wrap the remaining ginger in a plastic bag, then foil (or put in a freezer plastic bag) and store in freezer to grate off more as needed — from the frozen state. Otherwise, refrigerated ginger lasts only about a week.
Ingredients
- 3 cups chicken or vegetable broth, divided
- 1 large onion, diced
- 2 teaspoons ground ginger (or 1 tablespoon minced fresh ginger)
- 1 (15 ounce) can sliced or diced carrots, drained
- 1 (16 ounce) can cut sweet potatoes in light syrup, drained
- 1 cup orange juice
- Shredded peel of 1 large orange
- Salt and pepper to taste
- Low-fat sour cream or plain yogurt to garnish
- Thinly sliced green onions for garnish
Instructions
- In a large saucepan, combine 1 cup of the broth with onion and ginger. Cover and cook over medium heat for 5 minutes or until onion is tender.
- In a food processor or blender, puree the onion-ginger mixture with carrots, sweet potatoes and orange juice.
- When smooth, return to the saucepan and stir in orange peel and as much broth as necessary to achieve the desired consistency. Season with salt and pepper.
- Reheat if desired to serve hot, or refrigerate to serve cold. Top with a dollop of sour cream or yogurt and sprinkle with sliced green onions.
The 11 most devastating insults of all-time.
I scoured the internet for the most rotten, nasty and devastating insults I could find and I’m not going to lie there were hundreds. It took me some time to whittle the list down to the top eleven but I’m sure you’ll agree that if someone said any of these to you – you’d be devastated.
Here we go!
No offense, but you make me want to staple my vagina shut.
This can be taken two ways. If said to a man, it could be a rejection of him in a sexual manner or that being near him means you never want to have children. If said to a woman, it means the latter.
I’m not saying you’re a whore, but you’ve had more seamen dumped into you than the Atlantic.
This one is obvious, the person receiving this one is a degenerate lacking morals and self-respect. Or a whore.
You’re as useful as Anne Frank’s drum set.
Since Anne Frank was hiding from the Nazi’s in concealed rooms for two years where noise would have meant death a drum set would have served no purpose.
I thought I said goodbye to you this morning when I flushed the toilet.
I’m pretty sure no explanation is needed.
You’re not the dumbest person on the planet, but you sure better hope he doesn’t die.
You would be a very close second.
Those aren’t acne scars, those are marks from the coat hanger.
A better way to tell someone that they are a failed abortion.
You’re so stupid you couldn’t pour piss out of a boot if the directions were written on the heel.
I’m pretty sure this would make you the dumbest person in creation.
I hope your wife brings a date to your funeral.
I can feel the burn, can you?
I’d call you a cunt, but you have neither the warmth or the depth.
Shallow very shallow.
If you could suck your own dick, then you would finally suck at everything.
It’s almost a compliment but not quite!
If you were anymore inbred, you’d be a sandwich.
Inbred…in bread. Get it? Great insult for your Southern nemesis.
China Made The World’s Most Powerful Fighter Plane That Scares America
https://youtu.be/CejaqYNyq1A
Beyond the Standard To-Do: 8 Lists You Should Be Keeping
• March 7, 2023
Nothing is as fatiguing as the continued hanging on of an uncompleted task. —William James
You probably keep a to-do list that compiles your outstanding chores and tasks (and hopefully treat it like a river!).
But beyond this kind of standard to-do list, there are eight other lists that are also beneficial to keep.
These lists expand the function that the standard to-do list already serves: clearing out your head and organizing your life so you can experience greater clarity and get more done.
Uncompleted tasks and unorganized thoughts — open loops — squat on your mental bandwidth. They become so much flotsam and jetsam bobbing around in your cognitive sea, sometimes sinking below the surface of consciousness, sometimes randomly rising into awareness. The fact that you don’t have a good grasp of what’s out there, and sense there are things you want to take action on but can’t remember what they are, makes you feel frazzled, fragmented, and out of sorts.
As the founder of the Getting Things Done system, David Allen, said on the AoM podcast: “Your head is a really crappy office.”
Instead of keeping all your open loops in a chaotic pile on your mental desk, file them into an external “office” by writing them down somewhere and organizing them into the following lists. You can keep these lists anywhere you like, whether in a paper or digital notebook. Their nature will make them easiest to find and access in that latter format, and while you can slot them in a well-organized “second brain,” simply using your phone’s notes app works perfectly well.
Beyond the Standard To-Do: 8 Lists You Should Keep
To Buy. You’re brushing your teeth and notice you need more toothpaste. You’re getting dressed and notice you need more socks. You’re making dinner and notice you need more pepper. You promise yourself you’ll remember these things the next time you make an Amazon order or run to the store, but, in reality, you’ve forgotten the low-inventory item five minutes later.
As soon as something you need to buy crosses your mind, write it down on a shopping list, organized by which outlet/business you’ll be purchasing it from.
To Watch/To Listen To/To Read. A co-worker mentions a show that sounds interesting. A friend sends you a podcast he recommends. Your brother suggests a book he thinks you’ll enjoy. But when you’re starting your commute to work, stepping on the treadmill to begin a run, or sitting on a plane, you can’t think of what to watch, listen to, or read. You don’t remember that a loved one gave you a good recommendation, or you do remember that they did, but can’t remember the name of the suggested movie/podcast/book.
Whether ideas for media to check out come from your social network or you stumble across them while browsing/consuming something else, write them down in separate To Watch, To Listen To, and To Read lists that you can easily cue up the next time you’re working out or washing dishes.
To Cook. You and your family have probably cooked a bunch of meals that everyone liked. But when it comes to that perennial question — “What should we have for dinner this week?” — everyone draws a blank. It’s hard to remember the meals that exist within your familial repertoire, so keep a list of them for easy reference.
To Eat. You’re driving around town, see a new restaurant that seems interesting, and make a mental note to dine there the next time you go out to eat. But by the time the weekend rolls around, the idea has evaporated from your mind. Keep a running list of restaurants to check out, so you don’t have to always default to your old standbys.
To Give. It’s your friend’s or spouse’s birthday next week, and you’re pondering what to give them as a gift. Though you rack your brain for an idea, nothing comes to mind. To prevent yourself from winding up in this pickle, write down ideas as they arise throughout the year, even if you’re months away from the occasion. The person may mention something they like, or you see an item while shopping for something else you think they’d dig. When a birthday, anniversary, or Christmas does finally roll around, you’ll only need to check your list of ideas to figure out what to get.
Another good list/note to keep is a rundown of a loved one’s favorite things — colors, foods, candies, brands — and their sizes in clothing and rings. These things are easy to forget and having a reference makes gift buying a lot easier.
To Talk About. This is a list of things to talk about with a friend, and it serves two purposes. The first is to help you remember to ask someone things you’ve been wondering about but keep forgetting to bring up. “What’s the latest on your lawsuit?” “Have you heard from Andy?” “Did you ever figure out what was causing that noise?” The second purpose is to enhance the conversation you have with someone the next time you get together. While it’s often supposed that it’s best to keep social interactions strictly spontaneous, a little intentional planning on the backend can actually make interactions much smoother, deeper, and more enjoyable. Before you get together with someone, make a list of questions you’d like to ask and good conversation topics to discuss.
You may, of course, want to make other lists based on your particular responsibilities and interests. For example, when we hear about a new trail, we add it to our “To Hike” list.
Move whatever things you can out of the crappy office that is your cranium and to an external file. The more lists you keep, the more organized you’ll feel and the more enjoyable, life-enriching action you’ll take.
Fed, Treasury, and FDIC Announce Actions to Backstop Banks
The U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank.
Treasury Secretary Janet Yellen approved measures to resolve the failure of Silicon Valley Bank “in a manner that fully protects all depositors,” the Treasury said Sunday in a joint statement with the Fed and FDIC.
This means that deposits beyond the $250,000 limit on FDIC insurance will be available on Monday. The Treasury said the measures will not come at a cost to taxpayers.
In a joint statement by the U.S. Treasury, the Federal Reserve, and the Federal Deposit Insurance Corp, the government said:
Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth. After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer. We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer. Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law. Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.
The Federal Reserve added:
To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy. The Federal Reserve is prepared to address any liquidity pressures that may arise. The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress. With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds. After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultation with the President, approved actions to enable the FDIC to complete its resolution of Silicon Valley Bank in a manner that fully protects all depositors, both insured and uninsured. These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy. The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial system is resilient. Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount window will apply the same margins used for the securities eligible for the BTFP, further increasing lendable value at the window. The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additional steps as appropriate.
