Posts Tagged ‘banks’
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…
Read MoreWatchman: 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…
Read MoreWatchman: 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…
Read MoreWatchman Expects Many Bank Failures: Accredited Weiss Research Predicts That 5,274 U.S. Banks Will Fail
HNewsWire: “The underlying financial weaknesses in the U.S. banking industry are widespread, and the FDIC’s newly expanded guarantee of all deposits does nothing to protect shareholders in bank holding companies, who could still lose most or all of their money,” the group said. Weiss Research Inc., one of the most accredited and well-respected independent rating agency, is sounding-off that an astronomical number of American banks will collapse because they are insolvent. According to this rating firm, after analyzing the books and balance sheets of the Federal Reserve and banking institutions, Weiss Research claims that a monstrous 5,274 banks and credit unions have the potential to collapse. To put the number into perspective, there is are 9,457 banks and credit unions in total exist in the United States. This is almost 56% of all the financial institutions in the U.S. According…
Read MoreWatchman: 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…
Read MoreWatchman: 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…
Read MoreWatchman Says Some Banks Are Bad News: New Court Documents Suggest the Justice Department Under Four Presidents Covered Up Jeffrey Epstein’s Money Laundering at JPMorgan Chase
Yet another participant in Jamie Dimon’s criminal enterprise goes to prison. HNewsWire: by Tyler Durden Tuesday, Aug 22, 2023 – 10:45 PM It was not that long ago that a veritable army of trolls would emerge upon our merest mention that precious metal markets (like all other markets) are manipulated, whether by commercial or central banks, or by random assorted hangers on. Today, we can table that particular debate in perpetuity, after US District Judge Edmond Chang sentenced the former head of JPMorgan’s precious-metals desk and his top trader to prison for spoofing, fraud and market manipulation. Michael Nowak, whom we first highlighted back in 2019… … and most recently profiled last year, and who once upon a time was not only an LBMA board member but also ran gold and silver trading at JPMorgan, as well as his top trader Gregg Smith were……...
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Watchman: There Is a Mountain of Evidence That Shows Many of America’s Largest and Most Powerful Banks Are Discriminating Against Customers Because of Their Ideological, Social, Cultural, Religious, or Political Views
SRH: JPM CEO Says “System Is Very, Very Sound” After Second Largest US Bank Failure In History, He Is a Big Part of the Problem! HNewsWire Update: There Was a Blood Bath in Some Bank Stocks Yesterday: So Much for Jamie Dimon’s Prediction That It’s the End of the Banking Crisis By Pam Martens and Russ Martens: May 2, 2023 ~ There are two critical things you need to know about JPMorgan Chase’s Chairman and CEO Jamie Dimon’s ability to stabilize the banking crisis: (1) he’s tried twice and failed both times; (2) his bank is a key financier of hedge funds, some of which are undermining bank stock prices with short selling. The Financial Times reported on April 5 that “Hedge funds made more than $7bn in profits by betting against bank shares during the recent crisis that rocked……...
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Watchman: What Will Happen When the Economy Finally Collapses — Corruption Is a State of Decay Without God. There is “No Justice”
HNewsWire: Announced on Wednesday That It Was Liquidating Its Assets and Closing Down. Today, the Four Largest American Banks Lost $52 Billion in Valuation as the Dow Fell 540 Points. Maybe you were an investor there. Perhaps you’re irritated that the money you’ve worked your entire life to save has been locked up in a safe until the FDIC can sort things out. Take heart, though. You may no longer have your cash, but by spending a few minutes on the SVB website, you may learn about how responsible they have been with their greenhouse gas emissions. Investment banks, God knows, are the biggest polluters, second only to crude oil container ships and ancient John Deere tractors.–Tribulation Moving Forward–God Warned Us! As lines (real and virtual) full of anxious depositors grew last week outside of Silicon Valley Bank branches around…
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