Posts Tagged ‘banks crash’
Jerome Powell Openly Admits That Banks Will Collapse This Year
By SRH, Earlier this week, in a Senate Banking Committee, the esteemed Fed Chair Jerome Powell reluctantly acknowledged that the United States is bound to confront a series of unavoidable banking collapses this year. However, he audaciously asserts that this forthcoming surge of calamities shall be within the realm of “manageable.” Another round of deceit from the Fed, as expected. The senator’s worries about the banking sector’s soundness and its exposure to commercial real estate were acknowledged by Powell. He verified that worried banks are receiving updates from the Federal Reserve, which is keeping a careful eye on the situation. Although Powell refrained from naming names or providing exact figures, he did say that additional banks, especially smaller ones with a greater reliance on commercial real estate, are likely to fail this year. The transition to remote employment has resulted…
Read MoreWatchman Warning: Federal Agency Study Contradicts Fed Chair: Finds Banking System Is Ripe for Another Crisis and Remains “Fragile and Uncertain”
HNewsWire: By Pam Martens and Russ Martens: Following the second, third and fourth largest bank failures in U.S. history in the spring of last year, Federal Reserve Chair Jerome Powell gave his semiannual monetary policy report to the House Financial Services Committee and the Senate Banking Committee in June. During both appearances, Powell stated the same thing: “The U.S. banking system is sound and resilient.” But according to a report last week from the federal agency whose mandate is to keep federal regulators apprised of the true condition of the U.S. banking system, it is actually ripe for another crisis and its condition is “fragile and uncertain.” The federal agency whose researchers are taking the latter position is the Office of Financial Research (OFR). The agency was created under the Dodd-Frank financial reform legislation of 2010 to prevent another 2008-style financial crisis by……...
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Watchman: America’s Banks Are Not Safe—Collapse Is On The Way–Run!
SRH: An unsecured loan to a bank constitutes your “deposit” with that bank. If the bank fails, you are essentially at the end of the line. Going to be an exceptionally challenging year. HNewsWire: By StevieRay Hansen A consumer spending expert has released a dismal forecast for the US economy in 2024. Harry Dent told Fox Business on Tuesday that “since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact.” “This is completely manufactured, off the charts, which indicates that things are serious right now. In my opinion, 2024 will be the largest single collapse year of our lives.” “We need to send a message to central banks and get back down to normal,” he continued. “This should be a lesson we never revisit,” he said. I doubt that……...
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Watchman: Pay Attention to This…No One Will Know Until Everyone Knows. And by the Time Everyone Knows, It’s Already Too Late. Almost No Coverage of a Phenomenon Is Being Given to It by Mainstream Media Outlets Right Now, and for Good reason.if People Knew What Was Going On Right Now, the Financial System as a Whole Would Crash
De-Banking: Americans Are Withdrawing Massive Amounts Of Money From Banks As Collapse Crisis Looms… HNewsWire: Massive amounts of outflows of cash are quietly exiting American banks, though such pivotal acts are receiving very little to no press coverage on the mainstream, as this velocity of massive withdrawals is an indication that the banking crisis mainstream media and politicians says has been contained really has not been. The volatility within the thousands of U.S. banks, small, medium, and large is indeed fascinating. In mid-May, according to public data published by the St. Louis Federal Reserve, an astounding $910 billion in deposits fled American financial institutions, compared to one year ago at that time. Financial and crypto website Daily Hodl reported at the time, ‘In May of last year, the amount of capital held by banks on behalf of depositors sat at…
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