Is Your Bank Next?
The 2nd largest bank failure in US history occurred in just 48 hours. Could your bank be next?
Imagine waking up one morning to the news that your bank is in trouble, and then getting this message when you log in:
"Our online banking system and mobile services are currently unavailable. Please check back later for availability"
Terrifying right? Well, this is exactly what the customers of Silicon Valley Bank (SVB) read as its executives frantically tried to squash rumors of its failure and collapse through social media.
The irony lies in the fact that those who are trying to save your deposits are the same ones who created the monster in the first place.
After the rapid collapse of SVB, the federal government launched an emergency rescue of the U.S banking system in an effort to halt the contagion of further collapses. However, the cancer in the financial system had spread so rapidly that within hours of the first collapse, Signature Bank of NY collapsed, marking the 3rd largest bank failure in history.
This is just the tip of the iceberg. Banks have been given free rein to gamble away your money with minimal oversight due to deregulation. The banking crisis seems to be bigger than expected.
For instance, MarketWatch just reported that "20 Banks… are sitting on huge potential securities losses- as was SVB."
Will First Republic Bank be next?
With more than $212 billion in assets, First Republic Bank sent an urgent email to try to soothe the minds of their customers. This had the opposite effect as within hours of the markets opening, their stock fell over 67%.
Although the FDIC can intervene to cover bank losses, the FDIC itself can run short if numerous banks fail at once, which happened during the last recession. Consider that as of December 2022, the FDIC deposit insurance fund contained $128 billion, while the total deposits the FDIC insured amounted to more than $10 trillion.
If you thought that would be sufficient, well, think again! The SVB failure alone is enough to deplete the entire FDIC reserve.
What other more sinister mechanisms could be at play?
Was it a coincidence that the Fed and major banks began testing the Digital Dollar backin November of 2022? Or, was it that they knew of the inevitable collapse of the banking system and the potential wipe out of trillions of your hard-earned savings?
Knowing that the Federal Reserve and this administration have lied about inflation for over a year and, with more interest rate hikes anticipated, additional banks will see their bond assets devalue causing the dominos to fall at Your feet.
If a bank as big as SVB can fail in 48 hours with little prior notice, how long would it take other smaller banks to last... minutes?
Is this the time for you to rethink your risk exposure?
Well, things are about to get worse and the threat signals to the economy are flashing red.
Americans should know better by now not to listen to either the banks, the lying administration or the greedy financial advisors. They are all in cahoots.
Recently, savvy investors such as Robert Kiyosaki and David Morgan warned us repeatedly that a banking crisis is imminent and urged us to invest in the same vehicle that the banks themselves are trying to hoard. It’s time to fight back and regain control of your savings.
While stocks have been scrambling, real estate plummeting, bonds devaluing, dollar and oil crashing and banks failing, one asset is standing firm against all odds.
GOLD!
It is the only asset that does not depend on anyone or anything to create its value.
By owning Gold, you bypass many of the current economic crisis pitfalls while minimizing your financial risks. You deserve that peace of mind! Don’t let another opportunity pass you by.
Whether you like Gold or not, deep down you know well that it is a safe haven asset that has proven to outperform the markets and hold its value no matter how many financial institutions fail.
Act now and protect yourself in case your bank fails. Your Wealth Protection starts here.
Get your FREE Wealth Protection Guide Today and learn to secure your savings with Gold.
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