https://scheerpost.com/2023/08/08/ellen-brown-war-by-other-means-short-selling-jpmorgan-chase/
The Chinese government and affiliated Chinese entities have purchased
not just U.S. Treasuries with their dollars, but U.S. stocks, real
estate, farmland and other assets. DeepThroatIPO calculates that the
Chinese have “accomplished constructive control of approximately $58.58
trillion of Western Financial Assets, stealthily hiding in Western
Financial Markets, likely in plain sight. … [T]hat $58.58 trillion,
focused directly on select targets … is more than enough to sink our
previously thought unsinkable fleet of battleship banks.”
It's unsettling to say the least.
Though there is sliver of a silver lining ... emphasis mine
Banks are vulnerable to short selling only if they are publicly
traded. State-owned or city-owned banks are impervious to that sort of
attack. The Bank of North Dakota, our one and only state-owned bank, is a
stellar example. It cannot be short sold and it is not vulnerable to
bank runs, since over 95% of its deposits come from the state itself.
The Bank of North Dakota also acts as a mini-Fed for local North Dakota
banks, extending a lifeline in the event of capital or liquidity
shortages.
Like the U.S., China has a vast network of local banks; but most of
its banks are government-owned. We may need to follow suit as a matter
of defense. We need to ensure, however, that the governments owning our
local banks actually represent the people. Banks should be public
utilities, serving the public interest.
