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America’s Banking System Sits on Ticking $517 Billion Bomb – It’s Time to Wake Up! – Sense of Truth

If this man is sick then he does not need to be making decisions.

What is the matter with you people who are suppose to be in charge of the PURSE? Who is not doing their job?

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America’s Banking System Sits on Ticking $517 Billion Bomb – It’s Time to Wake Up!

• Posted by Henry Blackwood
• June 5, 2024

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The economic policies of the Biden administration, or “Bidenomics”, are having a devastating impact on the American economy. The US banking sector, in particular, is feeling the brunt of these ill-conceived policies. A recent report by the Federal Deposit Insurance Corporation (FDIC) reveals that unrealized losses on investment securities for banks have skyrocketed to an alarming $517 billion in Q1 2024, a whopping $39 billion increase from Q4 2023’s $478 billion. This surge is largely attributed to higher residential mortgage-backed securities losses due to rising mortgage rates.

What’s even more concerning is that this represents a record-breaking 10th consecutive quarter of unrealized losses – a longer streak than during the infamous 2008 Financial Crisis. As mortgage rates continue their upward trend, these unrealized losses are expected to follow suit. The FDIC has identified 63 banks on the verge of collapse – an alarming development that comes just two months after the expiration of the Fed’s emergency lending program for banks.

While our banking system crumbles under Bidenomics, it’s worth noting that other nations are strengthening their financial positions. The BRICS alliance, for instance, is taking major steps to fortify its economic standing. Over the last three years, 15 US banks have gone under, including well-known names like Republic First Bank and Citizens Bank. Meanwhile, the BRICS nations are accumulating gold and dumping US treasuries in a bid to reduce their reliance on the dollar.

Given the current state of our banking system, it’s imperative that we take proactive measures to protect our assets. Trusting traditional banks with your money is increasingly becoming a risky proposition. With unrealized losses mounting, savvy investors are turning to hard assets like gold as a hedge against inflation and economic instability.

It’s crucial to diversify your investments in these uncertain times. Don’t put all your eggs in one basket – consider investing in tangible assets like gold and silver. These precious metals not only offer protection against inflation but also serve as a safeguard against financial turmoil.

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