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 back in 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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