$517,000,000,000 in unrealized loses hits US Banking System as FDIC warns 63 lenders on brink of insolvency
(twitter.com)
ECON & BANK COLLAPSE 💸
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I hope Wells and US Bank are included. Both are trash companies.
Amen
Once again - the sensational headline is clickbait, and most people continue to fall for it, over and over again. I guess it is because most people are too lazy and/or stupid to look into the sources to verify if they are true or not... they just react to the headline alone.
Here is the actual article from the FDIC:
https://www.fdic.gov/news/speeches/fdic-quarterly-banking-profile-first-quarter-2024
Regardless of your comment, a girl can dream.
What happens if a bank goes under that handles my mortgage?
If you have a mortgage and a savings account the bank keeps your savings account and sells your mortgage to another bank. You still have to pay the mortgage even though they took your money. That's why I worked so hard to pay off my mortgage
Depends if you're Oprah Winfrey or not. If she's got $500M with the bank then the saving would be protected. Otherwise you're on the oily end of a flagpole. ( I hope this is a saying in America as well. Never know when you're not from that country)
Never heard that saying before but it a good one.
Nope, I've never heard that saying, but it's a good one. I'll be appropriating that one!!! What country is it from?
Australia, but the common term is pointy end, but some of us like to"use oil in place of pointy so it goes in real deep.
Amen lol
Fire sale to someone else.....but not you.
The US government steps in and "assists" with the sell off of assets to another bank...likely JP Morgan. Then you start sending them your monthly mortgage payment.
What happens when all banks go under?
The FDIC steps in when a bank fails and takes over. The system is designed so that not all banks would fail at one time.
Hypothetically, if it did happen, it would be great depression 2.0. But, things would be hell for 3 days till the feds could get the banks taken over. No funds can move during this time, so you can imagine how everything would come to a standstill. You could also expect riots and looting.
10 days of darkness. No banking, things going crazy. Then at the end, people will see how crazy things are and will insist on putting President Trump back into office immediately.
That is a scenario I've considered when attempting to explain that Q post. Trump said many times during the past election and after Biden stole the white house, that the economy would crash under him. It's been bad, but the big crash has yet to happen.
Banks also would not accept checks from other banks even bank checks. The banks would take the check but you would have to wait until the checks cleared. They would take a week or two to clear. Maybe even longer. Banks would not trust other banks.
Right. It would take a while before things would get "operational" again.
Most are diverse funds, even if they get raked on their GME positions. There will be sell offs to cover. Their investors will lose their asses and those managers will get fired.
Insert "And its gone!" Meme.
Also...if it actually wrecked the bank, don't be surprised if the feds do another bank bailout.
JP Morgan is not in great shape either.
That is good news, imho
But... does the cash you have in checking, savings, CD's, etc. also go to the new bank? I am wondering if I should pull what little I have out, and let the debts that I've needed to incur just end up where they end up.
Keep current for now. They will print for a while to keep it afloat. 517 billion seems like a lot, but remember we spend twice that every 90 days
Thanks!
A lot of patriots keep asking how, and when justice is going to be done. Justice can not be done with all these deep state parasites all over the place. As much as we think we know who they are, there are a lot of them pulling the strings from behind. Then the question is how can we remove them? My humble opinion is that once the plug from where they eat, breath, and do criminals things is cut, they will be automatically eliminated because they will not have any $$ for extortion. The name of the plug is "FIAT".
Buckle up this is getting interesting. Market Crash and the petrodollar will be gone. We are almost at the summit of the mountain. Please be ready! God love all of us!
And if you think 30 for silver and 2350 is too much for silver and gold think how much you’ll have left after the bloodsuckers leach the dollars right out of your pocket when you can’t get what you have in the bank. Personally I have just bills in the bank nothing ever extra.
Have you seen the animated short film "In Shadow"? The scene near the end where it shows the enforcer troop and cuts to his family, house, car, etc all evaporating instantly.
I think that's where we are.
How do you know they haven't been hoarding metals?
They are
Yup, time to get rid of the dollar. I think in the future, we will all use some kind of decentralized crypto, like a TrumpCoin or something like that. Money will be biometrically tied, so now no one can take your money unless you approve the transaction.
Any currency that requires an internet connection is suspect. A dollar backed by gold and silver destroys the shackles that were installed by our enemies.
The government controls the majority of the world's gold reserves. You can bet that at the first sign of revolution, those are going to disappear, hoarded by the wealthy. Then, by moving to a gold standard, we would be handing them the keys to the kingdom. We would be doing the great reset all by ourselves.
By making it a cryptocurrency, we'll be able to allocate it all fairly and see who is hoarding it or using it for illegal purposes.
Banks are collapsing because money is. No fiat no bank.
Money is not collapsing. Federal Reserve Notes aren’t money. They are financial instruments aka known as promissory notes. Actual money is alive and well. In the early 1900’s 1 once of gold bought a fine custom tailored suit and will do the same now as well. It’s the worthless paper notes that have degraded. Not money.
Bitcoin solves this.
June 9 & now this, your mattress will be worth more than the cash you have in it.
...interesting that not much being said/discussed on what is to take place on June 9
I noticed not much was said - if anything - when the banking system swapped to CAT. My mom has retirement and investment accounts, which she is relatively active in overseeing. She was clueless. I'll have to tell her to ask her investment guys to explain it to her.
Thanks Biden for spending it on illegals. Dirtbag.
My silver looking big sexy right now
Check this out. https://fred.stlouisfed.org/series/BOGZ1FL403069330Q
Thank you for the extra sauce 😁
https://dailyhodl.com/2024/06/02/517000000000-in-unrealized-losses-hit-us-banking-system-as-fdic-warns-63-lenders-on-brink-of-insolvency/
Thank you for the extra sauce 😀
Interesting given that the president of the FDIC is stepping down.
Anyone got a link to the list of banks? I wanna see if my bank is on the list, so I can get my money out!
Just do it.
Your monopoly money is FDIC insured. It will still be there.
They created all that money from nothing, it’s not even real. As far as I am concerned they are all counterfeiters and all their assets should be seized like Bernie Madoff and sent to prison. This BS only works if we give it credibility.
🔥🔥🔥
WELLLLL...the stick of DYNOOOOOMITE HAS ENTERED the conversation...wonder which bank prez is going to have a BOOM IN HIS SHORTS????? And NO, it won't be an orgasm...it will be more like a nuke going off and SEE YA' comes to mind...
Apologize for the references but I worked for over 10 years at a MAJOR Financial Firm in the Technology Dept and they were forever trying to figure out how to screw the lil' guy...it ain't worth it to lie and stab people in the back...
I just hope that people realize that the industry known for helping others make money for retirement is nothing more than a bunch of sharks circling a cadaver!!!! That'd be the USA!!!!
Ouch! That hurts.
Republic Bank in NJ went under without any notice and was taken over by Fulton Bank about a month ago.
Republic was our bank and we woke up one morning and learned it was suddenly gone
If say that's a harbinger of things to come.
Here too Security State Bank in Centralia became the fourth Washington community bank this year to sell to a credit union, agreeing to combine with Gesa Credit Union in Richland, Washington. Not a word on big media. Quietly consolidating small to big to bigger to monolithic,
Any other sauce besides dcpatriot.com ?
I dislike they have their little ads that say to buy gold.
Wells closed a really busy branch in my AO. Made no sense then but does now...
Any currency that requires an internet connection is suspect.
A dollar backed by gold and silver destroys the shackles that were installed by our enemies.
And to think we lived FOR YEARS with no Internet connection lol
Yup. Either Q could see very deeply in the future and make a lot of adjustments, or this is just a fairly common number. Hard to say.
If this destruction of the fiat system and a return to a gold/silver standard, which includes the removal of the usury in the current lending system, is part of the plan, then you have to believe that there is some mechanism that the Patriots will provide so that the accumulated wealth of the People isnt destroyed in the process turning us into a nation of paupers.
There is a difference between the physical, the representation of accumulated energy (save) and the mode used to exchange these.
The real culprit is not unrealized losses, or lack of subject matter, but equity debt. Who is holding that title?
BUSINESS INSIDER - Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says
https://www.businessinsider.com/63-problem-banks-517-billion-unrealized-losses-fdic-interest-rates-2024-6
And the stock market continues to roar upwards..
I mean, it is if your employer offers a match. Even with withdrawal penalties, it would still be better to take the match and then take it out.
Lol
Isn't that about how much Uncle Joe has sent to Ukraine?
Where is this data being pulled from?
Who knows, but if it is stickied, then we know it has been verified by the mods.
GAMESTOP, SILVER, GOLD, CRYPTO? (maybe?), AMMO, FOOD, WATER, CASH
God, I'm thankful you made me feel like keeping teenage amounts in bank accounts was what I should do.
shame. shame.
Ooh I got a sticky!!!! Thank you 😊