Watchman: Megabanks Like the Big Four in the United States Produce Financial Instability and More Severe Crises, Big Bank Collapse Coming

HNewsWire: By Pam Martens and Russ Martens: It took eight years of research to compile a data set of annual balance sheets of more than 11,000 commercial banks dating back to 1870 in 17 advanced economies. And in every country, the study arrived at the same finding: concentrating the banking system in the hands of five or less giant banks leads to financial instability and more severe financial crises. The bank balance sheets of the following countries were examined: Australia, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom, and the United States. The 150-year banking study is titled: “Survival of the Biggest: Large Banks and Financial Crises.” Its authors are Matthew Baron of Cornell University; Moritz Schularick of the Kiel Institute for the World Economy and Sciences; and Kaspar Zimmermann of the…

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Watchman Warning: Update 3/10/23 More Bank Closures Today–This Is Only the Tip of the Iceberg in Terms of Bank Failures and Bank Runs That Await Depositors, and I Am Not Alone in Stating So, Since the United States and Several European Countries Are Already Bracing for Bank Runs, Plan For Survival

Last week, Pam Martens, writing for Wall Street on Parade, reported that bank runs were happening at Silvergate Bank, a U.S. FDIC insured bank… HNewsWire: While the global financial system has not yet completely collapsed, bank runs that began in 2022 with the fall of FTX and the billions of dollars lost when depositors were unable to withdraw their funds continue to occur today in 2023, albeit without receiving top news attention. Pam Martens of Wall Street on Parade revealed last week that bank runs were taking place at Silvergate Bank, an FDIC-insured bank in the United States. Silvergate, a federally insured bank, has recently severed relations with cryptocurrency. A depositor never likes to hear from a bank that holds his or her life savings that it is concerned about its “capacity to continue as a going concern.” Regrettably, those exact lines were…

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