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FDIC Announces 63 Banks on the Brink of Collapse Sitting on 1/2 Trillion Dollars in Losses
Fears of Contagion Reignited by First Bank Failure of 2024
My Fellow American Patriot,
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. It is enough to severely damage the entire banking system.
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.
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.
It is time to protect yourself from the onslaught that is coming. It's time to prepare.
Grab this Complimentary protection guide. It will give you an economic hedge of protection. It's your insurance policy when things go bad.
Don McPherson explains it very simply:
- "True prevention is not waiting for bad things to happen; it's preventing things from happening in the first place."
You're protecting yourself against future events.
The first step is to get this Complimentary action guide from Monetary Gold.
You'll also learn about the one type of account that Forbes magazine says all wealthy people have and why you should have one.
You'll also learn about the one type of account that Forbes magazine says all wealthy people have and why you should have one.
Annual Fees Covered For Life
For a limited time, when you open a qualified account, Monetary Gold will cover the annual fees for the life of that account. If you have 401(k)s or IRAs, you know that those yearly fees add up quickly.
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Everything you need to get you on the path of protection is in this Complimentary Guide.
You'll Learn the following:
- About the world’s most powerful anti-inflation fighter
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- Plus, we’re also going to reveal the secret IRS loophole that could save you $1,000s in taxes
The best time to plant a tree was 20 years ago; the second best time is now.
Copyright © 2024 Monetary Gold. All Rights Reserved.
Please read this carefully and consult with your qualified legal, financial and/or tax advisor(s) before investing in precious metals. The statements made on this website are opinions and past performance is no indication of future performance or returns. Precious metals, like all investments, carry risk. Gold, silver, palladium, and platinum coins, or bars may appreciate, depreciate or stay the same depending on a variety of factors. Monetary Gold cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Monetary Gold does not provide tax, investment, or legal advice or advisory services, and no one associated with Monetary Gold is authorized to provide any such advice or services. Monetary Gold makes no representations regarding the tax consequences of holding precious metals as an investment in an IRA or other retirement account. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer's decision alone, and purchases and sales should be made subject to the customer's own research, prudence and judgment. Customers considering whether to include precious metals in an IRA or other retirement account should seek independent tax advice from a qualified professional regarding the tax consequences of such an investment.
Copyright © 2024 Monetary Gold. All Rights Reserved.
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- You'll learn about the one particular account that all wealthy people have and how they use it to shield themselves from these vicious wolves.
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Find out how to use gold as a strategic safe haven from Biden’s cash-crazed Congressional Democrats.