Protect Your Retirement W/ A Gold. IRA
Noble Gold is Who I Trust ^^^
Back with another dose of economic reality…Treasury secretary Yellen revealed that the deciders will determine which banks, and their depositors will fail and which banks will be rescued. Also, a new study shows almost 200 more banks to fail?
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Thank you for being a part of my channel. I am an ‘small-fry’ investor that also works in the finance industry. I also am a news-hound and love keeping updated on the latest economic, financial, and business news. Economic ‘boom and bust’ cycles are very fascinating to me so and I have had some very good luck in the stock market, precious metals and investing in real estate, therefore, I have decided to share my research, knowledge, news digging, and analysis with the world via this channel.
This channel contains news and analysis that often includes ‘one mans opinion’. The information conveyed should never be taken as investment advice. Everyone should do their own due diligence and research before making investment and money decisions….(read more)
LEARN MORE ABOUT: Bank Failures
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RED ALERT! YELLEN REVEALS THE TRUTH ABOUT COMING BANK FAILURES, ECONOMIST WARNS 200 MORE BANK
In a shocking revelation, former Federal Reserve Chair Janet Yellen has issued a warning about the imminent collapse of several banks, leading to a potential economic catastrophe. Yellen’s statement corroborates the concerns raised by a prominent economist who has predicted the failure of approximately 200 more banks.
The banking industry has been facing numerous challenges in recent years. From the global financial crisis of 2008 to the current pandemic-induced economic slump, banks have struggled to stay afloat. However, the latest revelations paint a much grimmer picture of their future prospects.
During a recent conference, Yellen expressed her fears about the viability of multiple banks, stating that the ongoing economic crisis could push them beyond the point of no return. Her remarks indicate that the current financial landscape is far more perilous than previously thought.
These alarming insights have been reinforced by the warnings of economist Paul Roberts, a prominent figure known for his accurate predictions in the past. Roberts has been raising concerns about the fragile state of the banking sector and has predicted the failure of around 200 more banks in the near future.
Such a large number of bank failures would undoubtedly have a severe impact on the economy. It could trigger a domino effect, leading to a collapse of the financial system, widespread unemployment, and a further deepening of the recession. The ramifications of such a catastrophic event would be felt by individuals and businesses alike.
The warning signs of this impending disaster have been apparent for some time. Banks have been grappling with mounting bad loans, declining profitability, and increased market volatility. These factors, coupled with the ongoing uncertainty surrounding the COVID-19 pandemic, have created a perfect storm for the banking industry.
The revelation by Yellen and the reiteration of concerns by economist Paul Roberts should serve as a wake-up call to regulators, policymakers, and the general public. Immediate action is needed to prevent this potential catastrophe from unfolding.
Regulators must enforce stricter regulations and oversight to ensure the stability and resilience of the banking sector. Stress tests and risk assessments should be conducted more frequently to identify vulnerable institutions and take appropriate measures to strengthen them.
Furthermore, policymakers need to provide necessary support and stimulus to banks in order to safeguard their stability and protect depositors’ interests. This may involve implementing measures such as capital injections, liquidity support, or even temporary nationalization of troubled banks.
At an individual level, it is essential for consumers to remain vigilant and make informed decisions about where they entrust their money. Diversifying deposits and investing wisely can help mitigate potential losses in case of a bank failure.
While the revelation of potential bank failures may be alarming, it is important to remember that it serves as a call to action rather than a cause for panic. By taking the necessary steps to address the vulnerabilities in the banking sector, we can prevent an economic meltdown and pave the way for a more stable and prosperous future.
Protect Your Retirement W/ A Gold. IRA
http://www.bullboomgold.com
Noble Gold is Who I Trust ^^^
The time has come,' the Walrus said,
To talk of many things:
Of shoes — and ships — and sealing-wax —
Of cabbages — and kings —
And why the sea is boiling hot —
And whether pigs have wings.'
But wait a bit,' the Oysters cried,
Before we have our chat;
For some of us are out of breath,
And all of us are fat!'
No hurry!' said the Carpenter.
They thanked him much for that.
A loaf of bread,' the Walrus said,
Is what we chiefly need:
Pepper and vinegar besides
Are very good indeed —
Now if you're ready, Oysters dear,
We can begin to feed.'
SVB, SIGNATURE BANK, CREDIT SUISSE. DEUTSCHE BANK NEXT. GOLD TO THE MOON AS THE PANIC SETS IN.
Yellen represents the best of American financial expertise? NO WAY! Yellen is a lobotomised IDIOT. AN EMBARRASSMENT. CLUELESS AND WORTHLESS. USA going down in the next imminent financial crash. The crisis in now.
A Congressman named Alex X Mooney introduced a bill, in October of last year, for the United States to go back to gold backing the monetary system in the United States. They have not voted on it because of lack of interest stating it would be too hard to implement. However, he even gave a specific plan in the bill on how to set up and it seems like a simple process. According to a report I saw this January the United States owns the most amount of gold compared to any other country. It is supposed to own 74% of the world's gold. Russia and China already have their currency backed by gold. We could get rid of the Fed. We should have something tangible backing our money supply which would free us from relying on how the Fed manipulates the interest rates. What are we waiting for? OK, I know, even if they pass the bill then the "president" would have to sign it. He probably wouldn't because it would be beneficial to the economy. We need to urge our leaders to do it and to hold his feet to the fire until it is signed. The elites want a digital currency that they can control you with. If it happens, we're toast!
All of them know the truth that's how they continue in lie their way around everything
The Democrats in power want to eliminate the small Banks.
As far as gold and silver go once they put cbdc into place those are all going to be confiscated and made illegal
The Democrats are going to protect the Democratic donors no matter what we are living in a two-tiered system the rich the poor and the soon-to-be poor middle-class that they're destroying on purpose
This is all going on to force us into cbdc also known as slavery or serfdom
It’s so awesome that we have full competent rotation of keenly fine tuned “stakeholders” sitting on the sidelines who are ready to “take care” of us useless eaters because they set us up.
What no one seems to get is that for every 1 of these banks that fails.. 1 or more of the other banks is getting bigger and bigger and bigger.
Do you think that 30 trillion dollars is now sitting under pillows all over the country?
No, It simply gets moved to other banks.
We're talking about enormous amounts of business money, and they still need to have a bank to operate from…
Thanks!
Cover all these banks, tax payers will have to carry the burden anyways right?
Praise the Lord and pass the ammunition
Should we pull our 41k out?
This was all planned.. get ready
Once again, it’s only the big, multi rich that get bailed out the hell with the little guy I’m sick of this the fact that they even did this isn’t only going to devalue the dollar. It just adds to the level of corruption and lack of trust that we have for a current government truly sad times, and I fear they’re just going to continue to get worse
Socialism for the rich, cold Capitalism for us.
The whole thing is a Ponzi scheme and it is just disgusting!!!
The only way that we the people are going to have security about aur savings no one should trust the banks or
The government cuss the working people are olwis paying for everything in the banking business the government
Giving money that the people in America don't have the life of the nation is slavery evry dollar we make go's back
The same people evry week evry month evry year the same cycle over in over