Watchman: In the New World Order, Only Four Banks Will Dominate, With Nearly 10,000 U.S. Banks Vanishing Since 1985. The Power Is Now Concentrated in the Hands of These Mega Banks, Which Control 39+ Percent of All Bank Assets

HNewsWire: By Pam Martens and Russ Martens, According to Federal Deposit Insurance Corporation (FDIC) data, there were 14,417 federally-insured banking institutions in the U.S. in 1985. As of December 31, 2023, the FDIC reports there are only 4,587 remaining. The vast majority of the 9,830 banks that have disappeared since 1985 did not fail – they were merged with other banks. Today, just four banks control $9.3 trillion in consolidated bank assets or 39 percent of all bank assets. Those four banks are JPMorgan Chase with $3.395 trillion in consolidated assets; Bank of America with $2.540 trillion; Wells Fargo with $1.7 trillion; and Citigroup’s Citibank with $1.685 trillion. (All asset figures are as of December 31, 2023 and come from the Federal Reserve’s statistical release of the largest banks.) The political clout of these mega banks is such that one of them,…

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Watchman: There’s A Wave of Corporate Bankruptcies Coming–That Will bring Lawlessness to America

HNewsWire: A wave of bankruptcies and corporate defaults can be imminent as US corporations are being battered by rising loan rates. Experts caution that as high interest rates have an adverse effect on both consumers and businesses, it may increase the likelihood of a recession. As of the end of August, 459 businesses had declared bankruptcy, according to S&P Global. The entire number of bankruptcy filings reported between 2021 and 2023 is already exceeded by that figure. August saw the largest monthly total of corporate debt defaults since 2009. S&P Worldwide According to Collin Martin, a fixed income strategist at Charles Schwab and director, borrowing prices for certain companies increased by two or almost three times in 2023 compared to earlier years, which had a negative impact on company balance sheets. The ICE BofA US High Yield Index shows that…

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Watchman 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: Another US Bank Quietly Shutters, As Bank Runs Persist And Deposits Decrease

HNewsWire: By  winepressnews The Federal Deposit Insurance Corporation (FDIC) seized the banks assets on November 3rd. In a press release the FDIC wrote: Citizens Bank, Sac City, Iowa, was closed today by the Iowa Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a Purchase and Assumption Agreement with Iowa Trust & Savings Bank, Emmetsburg, Iowa, to assume all of the deposits of Citizens Bank. The two branches of Citizens Bank will reopen as branches of Iowa Trust & Savings Bank on Monday during normal business hours. This evening and over the weekend, depositors of Citizens Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as…

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Watchman: Gobble AKA Google-Gob Is Simply Going to Crash the Entire Financial System and Pick Which Tech Firms and Banks Make It Through

Then Google Shall Possess Absolute Dominion Over the Current of Currency as They Demand Digital Identifications and Strive Towards a Central Bank. Diabolical Currency– Gooogle Is Anti-Human/Anti-Christian/Anti-American Evil Garbage! HNewsWire: Google Introduces Plan to Use Generative AI to Take Over the Internet – AI’s Real Threat to Society By Brian Shilhavy Editor, Health Impact News Google announced its new plans for AI this week at their annual I/O developer conference, and to say that not everyone in the Tech Industry was thrilled by their plans to integrate Generative AI into their search engine, would be an understatement. Emily Dreibelbis, writing for PC Magazine, published one of the more apocalyptic articles warning that Google could basically destroy most websites on the Internet. Why Google’s New ChatGPT-Style Search Could Kill the Websites That Feed It Google just previewed its chatbot-style vision for……...

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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: 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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Watchman: Cryptocurrency Banks Are Being Targeted. The White House Targets Cryptocurrencies and Calls for Stronger Enforcement by Regulators–They (Gov) Don’t Want to Lose Their Monopoly

HNewsWire: Despite President Biden and US Treasury Secretary Janet Yellen telling Americans that the US banking system is “safe and sound,” Moody’s Investors Service announced today that it had downgraded the US banking system to “negative” from “stable” to reflect “the rapid deterioration in the operating environment.” They also said today that they, along with five other regional banks, were investigating First Republic’s debt rating for a possible downgrade. Moody’s Investors Service downgraded the US banking sector to negative from stable on Tuesday, citing “rapid deterioration in the operating environment” as a result of deposit runs and the collapses of Silicon Valley Bank, Signature Bank, and Silvergate Bank. S&P Global Ratings is reviewing First Republic Bank’s A-minus rating. Moody’s stated it was looking into downgrading First Republic’s debt rating, along with five other regional banks. Debt downgrades often increase the…

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Watchman: Banks, Real Estate, and Insurance Companies Crush The People Injustice Is a Form of Bondage and Oppression

The Bible has a lot to say on the subject of injustice. We know that God is in favor of justice; we know that He is against injustice, even in the most basic terms. The writer of Proverbs mentions this: “The LORD detests differing weights, / and dishonest scales do not please him” (Proverbs 20:23). Justice is foundational to God’s throne (Psalm 89:14), and God does not approve of partiality, whether we are talking about a weighted scale or an unjust legal system (Leviticus 19:15). There are many other verses, in both Old and New Testaments, that give us an idea of God’s distaste for injustice (2 Chronicles 19:7; Job 6:29; 11:14; Proverbs 16:8; Ezekiel 18:24; Romans 9:14). Isaiah lived in a time when Judah was struggling under the weight of injustice: “Justice is driven back, / and righteousness stands at a distance; / truth…

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