Basel III Endgame. Sounds like a video game. It's a real life game where the Feds want to destroy the American dream. If this rolls out July, 2025, I read international businesses will have access to small business loans that American Small businesses will not. It's a sad day when our government looks after the international community before the hardworking American family, the American farmer, and American small businesses. WASHINGTON'S CAPITAL REGULATION PLAN has a steep price tag for Americans at a time when consumers are already stretched thin and paying more for everyday items, including groceries, gas, and energy bills. This proposal will increase borrowing costs, making it harder for lower-and middle-income families to buy a car or their first home, for small businesses to secure essential funding to hire more workers, and for farmers to take out loans for next year's crops. (Just my two cents worth after watching Congressional hearings this week). Pray they find a better solution. Also, there was a Conference hosted by Goldman Sachs where CEO's from big banks commented they need to have layoffs. CS described.it as peeling back an onion. Go on you tube and watch Big banks CEO's testify with Congress. CS and 7 other big bank CEO'S testified there. When Basel III endgame rolls out July, 2025, seems like all jobs and loans will be given to the international community. That's not very American of our United States Congress.
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Well certainly, it would require the big banks to keep aside billions in Capital. Thus restricting lending. It doesn't take a genius to figure out that would further cause jobs to be cut. Of course labor to pay other countries is cheaper to pay. Ignorance is bliss, never tell all that you know.
Same was said about capital regulations introduced after the Bank caused depression in 2008. The disasters didn't happen. Lose the nice touch of everything American and apple pie will be destroyed. You may have watched the hearings but you certainly didn't understand what they were talking about.
It's all part of the new world order game plan.
It's been this way since the 90s. You just now seeing it?
Pray