FDIC Announces 63 Banks on the Brink of Collapse Sitting on $517 Billion in Losses Fears of Contagion Reignited by First Bank Failure of 2024 My Fellow American, Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says. The FDIC also said, "This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in the first quarter 2022." 63 Banks? That is a lot of banks. That is enough to severely damage the entire banking system. That's enough for thousands of people to lose their savings and retirement accounts. But we shouldn't be surprised. Federal Reserve Chair Jerome Powell told Congress back in March: "BANK FAILURES Will Start Soon. He is expecting to see more bank's collapse. Love him or hate him, Donald Trump saw this coming a mile away and tried to warn us. He said: "WE WILL HAVE A GREAT DEPRESSION FAR BIGGER AND MORE POWERFUL THAN THAT OF 1929. AS PROOF, THE BANKS ARE ALREADY STARTING TO COLLAPSE"!!! He was 1000% correct. Seven Banks Have Collapsed in the Last 16 Months. Get Your Hands on This Complimentary Protection Guide. It Has Everything You Need to Set up Your Personal Barrier of Protection. Clearly, this sits at the feet of Joe Biden and his economic and inflation policies. Bank Failures are Picking up Momentum On April 26, 2024, The FDIC seized Republic First Bank (dba Republic Bank) and just closed it down. The media is keeping it under wraps. Why? Here is a brief overview of the other banks that have recently collapsed: - Silicon Valley Bank
- Signature Bank
- First Republic Bank
- PacWest Bank
- Heartland Tri-State Bank
- Citizens Bank
Some may argue that PacWest Bank didn't collapse; they were purchased. But they were only purchased because they were collapsing and could not cover depositor withdrawals. Bank of California scooped up all of PacWest's assets for pennies on the dollar. If that's not enough. Fed Chair Janet Yellen and Joe Biden told the Senate Banking Committee they are taking the U.S. National Debt to $50 trillion. Are you prepared for HYPER-INFLATION? Our system is already beginning to crumble. It is time to protect yourself from the onslaught that is coming. It's time to prepare. Grab this Complimentary protection guide. It will give you an economic hedge of protection. It's your insurance policy when things go bad. Don McPherson explains it very simply: - "True prevention is not waiting for bad things to happen; it's preventing things from happening in the first place."
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