Fears of Contagion Reignited by First Bank Failure of 2024

Fellow American,

Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says.

The FDIC also said, "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. That 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.

Federal Reserve Chair Jerome Powell told Congress back in March: "BANK FAILURES Will Start Soon."

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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