The Entire Banking System Is Shaking
(discernreport.com)
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Over leveraged on the synthetic shorts the hedgies printed in AMC and GME. These bitches better pay up
Noticed their silver on paper was removed and they are buying up precious metals. There is your sign where this is going.
Solar alone is 140 million ounces shy of what they need to produce next year's 500 mega watts of panels. Silvwr is Being mined at 8 to 1 ratio to gold, artificially held down to make stupid solar affordable. We purchase silver right now at about 85 to 1. It needs to be valued 10x higher. Gold should be tied to treasury notes for value. Depending on the company it takes between 14 and 35 milligrams of silver for to produce 1 watt. 500 million watts worth if panel are planned. That alone should put silver up to 100 - 250 current fiats per ounce.
Yep but what if they keep it manipulated down? Can they technically do that forever?
Good question, If they I still preserve my money. I'll never trademout of the little metal I have for fiat again.
I think we the people need to assign the value.
Silver is not a bad investment at this time.
I'm hoping for ASAP and the recovery Trump will bring. I'm keeping my bank accounts low. Stocked up on food and paying ahead on bills like rent...
Why are big banks suddenly rushing to shut down so many local branches all over the nation? As I have discussed in previous articles, U.S. banks are currently sitting on hundreds of billions of dollars in unrealized losses. When financial institutions get into trouble, they start getting really tight with their money and they start cutting costs. In addition to laying off workers, our banks have been cutting costs by permanently closing local branches. For example, between November 12th and November 18th, the sixth largest bank in the United States initiated filings to close 19 more local branches…
Assume the crash position ?
Crash position already assumed since Biden took office.
They are expensive and depend on deposits to write fractional.loans. people are not saving, there is no money to loan on so they are turning to savings devices that pay up to 5 percent. Then they bundle and invest. So if those branches aren't selling enough bank accounts they close them. I know the little cash I have is getting preserved the best I can.
Hope others are doing the same.
I think it's because so few people go to banks now. With direct deposit and ATMs for cash, there goes the majority of reasons people use bank branches.
Most people do virtually all of their banking online now.
It's been a couple of years since I went into a bank, and that was because I needed quarters.
This needs to be considered.
Many of these banks had silver on paper and not physical silver on hand. Now they are buying precious metals like never before. Then also all the pints you shared with us.
Thank you.
Forcing digital currency. Gotta use it since there's no banks to get cash
Exactly.
Following...
Same here.
Everything in this collapsing society is teetering on the edge. The social contract has been destroyed, and without that there is no society.
Amen, just like with no morals society will destroy itself.
I fail to see how opening more branches than they are closing is "suddenly rushing to shut down so many local branches". Is the banking system in trouble? Probably. Does closing 20 or 50 or 100 of their 4,700 branches make any difference in that math? No.
https://www.msn.com/en-us/money/companies/chase-is-closing-another-23-branches-here-s-where/ss-AA1kJK6T#image=4
Thank you for the link. I suspect they are all in trouble and I have not seen or read of any new branches opening.
I found an article in July about 5 Birmingham locations being opened this year. Did a Google Street View on the 1021 Marble Ter., Hoover, AL one and it shows steel framework up with an aerial lift platform and workers in it and several signs saying Chase and coming soon, so I don't doubt it. Chase's branch locator shows hours for it.
https://www.al.com/news/2023/07/chase-announces-6-new-birmingham-area-locations-first-2-in-huntsville-madison.html
Use a credit union. I do.
Thank you for sharing.
when someone realizes their money is gone that a bank has. they will try and go to the local branch. it will not be there. this is by design.
if these banks have people there working and they get attacked. they are liable for their employees. If they close down the branch and either fire or move the employees to a less risky area. it will lower their insurance rates.
Excellent points and thank you for sharing this.