Did a systemically important bank just collapse?

There will be more, no doubt tomorrow with the markets opening leading up to Jan 1 when China’s ban on exports comes into force. In the meantime silver in Shanghai is at $100 and the Comex has revalued silver.

UPDATED 12:48 PM EST -- REPORT: “A SYSTEMICALLY-IMPORTANT BANK COLLAPSED AT 2:47 AM SUNDAY”

As this story is written, it is 11:01 AM eastern U.S. time on Sunday, December 28. Reports have been coming in CLAIMING “a systemically important bank, a major player in Silver Futures, failed to pay its Margin Call by 2:00 AM and was liquidated by the futures Exchange at 2:47 AM eastern US time.”

The reports are CONCEALING the name of the bank, but it is confirmed that overnight, the federal reserve was forced to pump another $34 Billion into the Banking System through its Emergency Overnight Repo facility. This $34 Billion is on top of the $17 Billion which had to be pumped-in two days ago, on Friday morning.

The Bank involved is described as “one of the largest players in the precious metals derivatives market” blew past every risk limit, breached every covenant. and exhausted every line of credit.“

The Bank is further described as having been “massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces.”

According to the information coming out this morning, when Silver broke through $70 per ounce on Friday, this bank received a “Margin Call” from the Commodities Exchange(s) which “exceeded their liquid capital.” I am further told that “the clearinghouse gave them until Sunday morning to post $2.3 BILLION in additional cash collateral.“

The report goes on to say that “over the past 36 hours, the Bank Executives frantically tried to raise cash. They reportedly called their counter-parties, they tried to sell assets, they begged for Bridge loans. Nobody helped them.”

According to the reports, “Every major bank on Wall Street looked at the Bank’s Derivatives Book and saw the bank was “already dead;” they just hadn’t stop moving yet.”

If these reports prove to be factual, and I have NO CONFIRMATION yet, the fall of this “systemically important” bank will have immediate repercussions throughout the entire banking system.

You see, a “systemically important” bank is a counter-party to many other banks in certain financial contracts, such as derivatives. If the counter-party fails, all those derivative contracts are now failed.

More info if and when I get it. Check back later.

UPDATE 12:48 PM EST --

According to additional information, at 2:47 AM the Bank notified the Exchange that they could NOT meet the $2.3 Billion margin call. At 3:03 AM, the Exchange began forced liquidation of the Contracts. By 4:15 AM, the Banks positions on the Exchange were fully closed. SIXTEEN MINUTES LATER FEDERAL REGULATORS SEIZED THE BANK TO PREVENT A DISORDERLY UNWIND.

From Clif High

It’s ironic that people don’t see the connection. The dollar is dying, as are the banks trying to prop up the Federal reserve fraud (they create money from nothing & charge you /govt to use it), and all this institutional and private fraud is being revealed by the crumbling financial infrastructure.

The universal irony comes in that we are seeing the resurgence of the precious metals at this time.

Note that precious metals, gold, and silver, are known as ‘honest money’. And specifically silver is known throughout history as the money of the people. So as they rise, ALL the frauds will fall.

As we go through these next 3 years, we will see silver holders become wealthy, and that the government along with industry will pay what it must to get silver. They will buy coins to be melted down for industry. My data from 2001 said $600 per ounce at which time Gov’t freezes the price and makes sales to anyone other than them illegal.

They will need it for the war against the selenites (people on the moon who are causing us issues).

From AI Asian guy

They Just Authorized The SEIZURE | The ‘Green Confiscation’ Has Begun

The Green Confiscation has begun. Buried deep within the 1,850-page climate bill, a new law has been signed that gives the U.S. government the authority to inventory, regulate, and potentially seize privately held precious metals, including silver, platinum, and palladium, under the guise of protecting the environment and transitioning to renewable energy.

This new legal framework allows the government to force citizens to report their holdings of strategic materials and, if deemed necessary, negotiate compensation-based acquisition. In simpler terms: they can take your silver and pay you what they decide is “fair.”

In this urgent investigation, I’ll reveal:
1. The legal text authorizing this move and how it mirrors Executive Order 6102 from 1933.
2. Six ways the government is tracking who owns precious metals, including bullion dealer reporting, bank wire records, and even blockchain wallets.
3. The impending energy crisis that could trigger the government’s move to seize precious metals.
4. A survival playbook to protect your wealth from this potential confiscation, including strategies like using numismatic exemptions and storing gold offshore.

This isn’t speculation—it’s the law. And it’s time to act before it’s too late