Fears of Contagion Reignited by First US Bank Failure of 2024

Fellow American,

Experts and economists are warning more bank failures to come.

In the first three months of 2024, the FDIC's Problem Bank List jumped to 63 banks teetering on insolvency.

That list is just an inch away from the FDIC "Failed Bank List."

The FDIC says "This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in the first quarter 2022."

63 Banks? That is a lot of banks. It is enough to severely damage the entire banking system.

That's enough for thousands of people to lose their savings and retirement accounts.

But we shouldn't be surprised. Back in March, Federal Reserve Chair Jerome Powell said:

• 'There will be bank failures.'

He is expecting to see more banks collapse.

Love him or hate him, Donald Trump saw this coming a mile away and tried to warn us.

He said: "WE WILL HAVE A GREAT DEPRESSION FAR BIGGER AND MORE POWERFUL THAN THAT OF 1929. AS PROOF, THE BANKS ARE ALREADY STARTING TO COLLAPSE"!!!

He was 1000% correct.

Seven Banks Have Collapsed in the Last 16 Months.

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Clearly, this sits at the feet of Joe Biden and his economic and inflation policies.

Bank Failures are Picking up Momentum

On April 26, 2024, The FDIC seized Republic First Bank (dba Republic Bank) and just closed it down.

The media is keeping it under wraps. Why?

Here is a brief overview of the other banks that have recently collapsed:

• Silicon Valley Bank
• Signature Bank
• First Republic Bank
• PacWest Bank
• Heartland Tri-State Bank
• Citizens Bank

Some may argue that PacWest Bank didn't collapse; they were purchased. But they were only purchased because they were collapsing and could not cover depositor withdrawals. Bank of California scooped up all of PacWest's assets for pennies on the dollar.

If that's not enough.

Fed Chair Janet Yellen and Joe Biden told the Senate Banking Committee they are taking the U.S. National Debt to $50 trillion.

Are you prepared for HYPER-INFLATION?

Our system is already beginning to crumble.

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