AMERICA IN CRISIS: 4.1.23 - Money Is Being Pulled Out Of U.S. Banks

 You Will Be Shocked By How Much Money Is Being Pulled Out Of U.S. Banks, And Now The Biggest Bank In Germany Is In Trouble- by Michael Snyder - http://theeconomiccollapseblog.com/you-will-be-shocked-by-how-much-money-is-being-pulled-out-of-u-s-banks-and-now-the-biggest-bank-in-germany-is-in-trouble/ A trillion dollars is a lot of money. If you stacked a billion dollar bills on top of one another, the pile would be 67.9 miles high, but if you stacked a trillion dollarbills on top of one another the pile would be 67,866 miles high. And if you lined up a trillion dollar bills end to end, the line of dollar bills would be a staggering 96,906,656 miles long. That is longer than the distance from the Earth to the Sun. A trilliondollars is such a vast amount of money that it is truly difficult to comprehend, but as you will see below, that much money has already been pulled out of “vulnerable” U.S. banks over the past year. Hordes of small and mid-size banks are now in trouble, andthat is really bad news because those institutions issue most of the mortgages, auto loans and credit cards that our economy runs on. The other day, I asked my readers to “imagine what our country will look like if the banking system implodes and the economyplunges into a depression”, because if our banks continue to collapse that is precisely where we are headed. Unfortunately, the recent banking panic has greatly accelerated matters. In fact, a whopping 98.4 billion dollars was pulled out of U.S. banks during the week ending March15th… The readout, released shortly after the market closed Friday, came around the same time as new Fed data showed that bank customers collectively pulled $98.4 billion from accountsfor the week ended March 15. That would have covered the period when the sudden failures of Silicon Valley Bank and Signature Bank rocked the industry. Just think about that. Nearly 100 billion dollars in deposits evaporated in just one week. And it turns out that small banks were being hit the hardest. Unsurprisingly, big banks actually saw enormous inflows… Data show that the bulk of the money came from small banks. Large institutions saw deposits increase by $67 billion, while smaller banks saw outflows of $120 billion. That article didn’t give numbers for mid-size banks, but it appears likely that they experienced large outflows as well. Overall, JPMorgan Chase is telling us that the “most vulnerable” banks in this country have “lost a total of about $1 trillion in deposits since last year”… JPMorgan Chase & Co analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion in deposits since last year, with half ofthe outflows occurring in March following the collapse of Silicon Valley Bank. This really is a “banking meltdown”, and it has been going on for quite some time. And as Bill Ackman has aptly noted, if something is not done our small and mid-size banks are headed for disaster. There are more than 4,000 banks in the United States right now, and the vast majority of them are rapidly losing deposits. As a result, U.S. banks are being forced to turn to the Fed for help at a very frightening rate… Banks have been flocking to emergency lending facilities set up after the failures of SVB and Signature. Data released Thursday showed that institutions took a daily averageof $116.1 billion of loans from the central bank’s discount window, the highest since the financial crisis, and have taken out $53.7 billion from the Bank Term Funding Program. Meanwhile, the banking crisis in Europe has taken another very alarming turn. On Friday, shares of Deutsche Bank plunged due to renewed concern about the stability of Germany’s biggest bank… Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability of European banks persisted. The Frankfurt-listed stock was down 14% at one point during the session but trimmed losses to close 8.6% lower on Friday afternoon. The German lender’s Frankfurt-listed shares retreated for a third consecutive day and have now lost more than a fifth of their value so far this month. It will be interesting to see if Credit Suisse or Deutsche Bank ends up going under first. Of course the politicians continue to tell us that everything is just fine. In fact, German Chancellor Olaf Scholz is insisting that there is “no reason to be concerned”… German Chancellor Olaf Scholz said Friday that there was “no reason to be concerned” about Deutsche Bank. “It’s a very profitable bank,” he told reporters in Brussels, where EU leaders issued a joint statement describing the European banking system as “resilient, with strong capitaland liquidity positions.” Deutsche Bank declined to comment. Once upon a time we were told that Lehman Brothers would be just fine. And earlier this month we were told that Silicon Valley Bank would be just fine. As Robin Williams once observed, these banks love to make excuses. WATCH: https://twitter.com/i/status/1639987730720382976 But it isn’t just a few isolated banks that are in trouble these days. Right now the entire system is coming apart at the seams, and Steve Quayle is warning that things “will really kick into high gear in April”… The word collapse is a great word, and the other word that comes with collapse is calamity. With the collapse and calamity under way, people think, well, as long as it doesn’ttouch me, I’ll be okay or I’ll be dead, and my kids will have to deal with it. What a selfish way to deal with the Biblical times we live in. I think we are in big trouble with this banking situation that will really kick into high gear in April. You may not have much sympathy for the banks, and I understand that. But what is going to happen to our economy when the flow of mortgages, auto loans and credit cards is greatly restricted? Our country is already being torn to shreds like a 20 dollar suit, and economic conditions are still relatively stable. So what is going to happen when we do fall into a very deep economic depression? These are such perilous times, and they are only going to get more difficult in the months ahead. ----------------------------------- The Biggest Bank Bailout in History � Todd Strandberg - https://www.raptureready.com/category/nearing-midnight/ Over the past few weeks, several large banks have failed or needed emergency loans to survive. The press and the Biden administration have done everything possible to avoidexplaining what has caused the collapse. They have given the impression this the losses were generated by pure panic that fed on itself. If depositors had just trusted the government to fix things, all would be well. The banking system is not sound. Most banks sit on losses that amount to at least $1 trillion. In trying to fight inflation, the Federal Reserve began increasing rates lastMarch in what has become the sharpest rise in interest rates in banking history. As rates go up, the value of bonds goes down. A 10-year government bond that was worth $140 a year ago is now valued at $100. The bank that has been given the most media coverage is Silicon Valley Bank. At its peak, SVB�s stock sold for $597.16 per share, with a market cap of $40 billion. When itwas taken into receivership, the whole bank was sold for a single dollar. As it became clear that SVB was in trouble, people began withdrawing their money, forcing the bank to sell its bond portfolio at a huge loss. Within just a couple of days, the wholebank reached a negative value. The management of SVB is blamed for not using proper risk management. The bank didn�t have insurance to protect itself against rapidly rising rates. When you have bonds tradingat around 1%, it would be very expensive to find someone to bet that rates will remain low for several years. If SVB could buy insurance, it would be immediately applied against the bank�s balance sheet, hurting earnings. What makes it dangerous to have your money in a bank is that they are not required to use mark-to-market accounting. This is a method of measuring the fair value of accountsthat can fluctuate over time, such as assets and liabilities. Mark-to-market aims to provide a realistic appraisal of an institution�s or company�s current financial situation based on current market conditions. A very important date is 12 Mar 2023. After taxpayers funded the bailout of the big banks in the Great Financial crisis, regulators said that any future rescues of banks wouldbe done by bail-ins. The bank would be sold, money raised would cover the debts, and any money left over would go to depositors. People with $250,000 would be covered by the Federal Deposit Insurance Corp. and get all their funds back. When the feds realizedthat as many as 500 tech firms could wipe out by this plan, regulators decided to go back to a full bailout. On that Sunday night, the taxpayers picked up $14 trillion in new obligations. A complete bailout of all depositors creates a huge moral risk. The banks are being paid the full value of their bonds. If they lost billions on bad trades, the fed will makethem whole. If Uncle Sam is going to make up any loss, the bank should just move its operations to Las Vegas. JP Morgan strategist Nikolaos Panigirtzoglou believes that the Fed may inject $2 trillion of funds into the U.S. banking system to ease the liquidity crunch. These injectionnumbers are always low. It could easily balloon to $20 trillion when even foreign banks come for a handout. The most troublesome thing about this crisis is how fast it has occurred. When Bear Stearn went bankrupt in Mar 2008, the next shoe to drop in the Great Financial Crisis didn�toccur until 5 months later. This time around, the first to go down was Silvergate; a week later, Silicon Valley Bank collapsed; Signature Bank was a couple of days later; 72 hours later, Credit Suisse Group needed a $50 billion loan; and as I�m writing, 11big U.S. banks swooped in to rescue First Republic Bank with a flood of cash totaling $30 billion. You can�t have a true banking crisis without the Treasury Secretary assuring us that all is well. I think Janet Yellen got the job done: �I can reassure the members of thecommittee that our banking system remains sound and that Americans can feel confident that their deposits will be there when they need them,� she said. �This week�s action demonstrates our resolute commitment to ensure that depositors� savings remain safe.� Fed chief Jerome Powell clearly has no idea of what he is doing. Two weeks before the collapse of Silicon Valley Bank, he warned Congress that more rate increases were neededto get Inflation under control. Once SVB imploded, he instantly abandoned the belt-tightening and poured $2 trillion in more funds into the banking system. The Fed�s balance sheet has already gone up by $300 billion, which wipes out 8 months of quantitativetightening. I�ve frequently pointed out that the hand of God is the only reason why the economy holds together. Since 2008, we�ve had around a dozen events that could cause a 1929-stylecrash, so it�s a divine miracle that we�ve survived each crisis. The people running the show become more corrupt with each passing ---------------------------- A Nation At A Crossroads: The Nashville Christian School Shooting Is A Commentary On The Soul Of America � By Jack Hibbs - https://harbingersdaily.com/a-nation-at-a-crossroads-the-nashville-christian-school-shooting-is-a-commentary-on-the-soul-of-america/ Was the act of insanity in Nashville an act of random murder or a targeted act against Christians? The answer to that question is yet to be known regarding the Nashville Christian School shooting victims. But this we know: it should be evident to all who are keeping a finger on the pulse of our nation that we have come to a crossroads that will most likely determine the destinyof the United States. The horrific and senseless attack in Nashville, Tennessee, is a commentary on the soul of America, and it is clear that America�s soul is sin-sick. Here�s why: the Gospel has been rejected by our government, the Word of God has been rejected by �woke� pastors and churches, and our nation has loosed itself from the mooringsof God and His truth. The Bible tells us that God�s grace is what protects us and sustains us, and without His protection, we have no safety whatsoever. God has warned us that if we push Him away, we leave ourselves unprotected and vulnerable to the evilsof the human heart and man�s fallen nature. The only answer to what�s happening in our nation is not more laws, and certainly not more gun control because laws cannot change the human heart. Only Jesus Christ can do that. This is why I am inviting all of you to please join us ONLINE OR IN PERSON for a time of national prayer for the victims, the families, and the community of Nashville, Tennessee. It�s not too late. Not yet. The Lord is waiting to hear from us. Our nation has certainly lost its way, and we may be lost as a nation, even as our enemies are at the gates. However, as a people of faith, we can choose to turn back to ournation�s beginnings and to Him who is mighty to save. As a people, we must receive the conviction of sin and offer to God a heart of repentance so that we might turn to Jesus Christ as Lord and Savior. If we do not turn to Him, we will see more of what we�re watching today and even worse. Jesus said that His Father�s house should be called �a house of prayer� (Matthew 21:13) and praying is exactly what we must do now in this hour of tragedy. By God�s grace and invitation, we can stop this. Together as a people, let us rend our hearts, asking God to forgive us of our sins and pray that God would forgive the grievoussins of our nation. It is now incumbent upon me to ask you to consider joining us LIVE Wednesday evening, March 29th, at 7:00 pm Pacific time as we dedicate our service to praying for our nation and seeking God for His mercy. ----------------------------------------- Using God to justify child mutilation - Bill Wilson � www.dailyjot.com There are a lot of bad things going on in this world. It is difficult to even fathom mankind�s cruelty to each other. The trend toward everything transgender in the UnitedStates is among the cruelest. To think that politicians would advocate for and even legalize the sexual mutilation of minor children is beyond good reason and decency. The LGBTQ+ community that has infiltrated America�s schools and is allowed unfettered influencein causing minor children to first think about their sexuality and then question it to the point of wanting to change their sex is a horrible sin. Even more so are the wrong-minded politicians that legalize such horrors. And it is even worse when they invokeGod to justify these terrors. The Kentucky State Senate is comprised of 30 Republicans and 7 Democrats. The Kentucky State House is comprised of 80 Republicans and 20 Democrats. Both houses passed a billalong party lines to require schools to not allow students to a use restrooms, locker rooms, shower rooms that are reserved for students of a different biological sex; must provide parental notification and consent of any curriculum teaching human sexuality;prohibits such instruction in grade 5 or below; prohibits schools from providing medical or mental health services without parental consent; forbids health care providers from administrating puberty blockers to or altering the appearance of the sex of a minor.Kentucky�s Democratic governor Andy Beshear vetoed the bill. The legislature may exercise its right to override the veto by March 30. Beshear said in his veto statement that the bill �rips away the freedom of parents to make medical decisions for their children,� �turns educators and administrators intoinvestigators that must listen in on student conversations and then knock on doors to confront and question parents and families about how students behave and/or refer to themselves or others,� and �my faith teaches me that all children are children of Godand Senate Bill 150 will endanger the children of Kentucky.� He also cited that 45% of LGBTQ youth seriously considered suicide in the past year and 20% of transgender youth attempted suicide. This alone should show that the unnatural and teaching the unnaturalis a danger to minor children, but the worldly mindset is to enable this destructive behavior as a showing of empathy to underaged children. Beshear�s bio says he is a deacon in his church. Then he should know the words of Christ in Matthew 19:4, �Have you not read that He who made them at the beginning �made themmale and female,� and the Genesis 5:2 account of God making them male and female, indicating there are only two sexes. People teaching and encouraging minor children to question God�s creation and change their sex no doubt causes confusion of a suicidal nature.Governor Beshear is only trying to twist God�s word into something it is not. Schools are routinely encouraged to report suspected child abuse to local authorities, but in Beshear�s mind, schools should be discouraged from reporting sexual predation and mutilationby LGBTQ+ groomers. Many politicians like Beshear attempt to blame God for their actions. This is worse than, say it with me�Stupidocrisy. Sources: https://apps.legislature.ky.gov/recorddocuments/bill/23RS/sb150/bill.pdf https://apps.legislature.ky.gov/record/23rs/sb150/veto.pdf ----------------------------------