Gregory Mannarino, AM 10/11/23
"War Is Expanding Rapidly;
New Crisis, Central Banks to Vastly Inflate!"
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https://www.youtube.com/watch?v=vrF7SryDcyg
Full screen recommended.
The Atlantis Report, 10/11/23
"Crisis Mode Begins As Hundreds Of Banks
Face BILLIONS In Losses From Deposit Outflows"
"So far, banks have lost $870 billion dollars since the Federal reset started raising interest rates. Several banks have gone under, including First Republic, Silicon Valley, and Signature Bank, thanks to these reverberating losses sweeping the financial sector. FDIC data shows that this year alone, there have been more bank failures than in the last three years. It appears that the situation is indeed dire, and there’s no need to be falsely optimistic or ignore the apparent catastrophe that’s looming on the horizon.
As of March 2023, J.P. Morgan reported that the most vulnerable US banks had lost $1 trillion in deposits in a year. This report came barely a month after regulators were forced to close down Silicon Valley and Signature Bank, bank failures regarded as the second and largest failures in the history of U.S. Banking. As soon as the banks’ closing was announced, a massive bank run began with customers running to withdraw their funds and place them in bigger and perceived stronger and safer banks. Bank runs have continued to be a phenomenon as consumers are catching wind of the crisis looming in the banking industry. These moves are often from the mid and small-size banks to the bigger banks. The problem with this is that these seemingly small banks play a disproportionately large role in US bank lending."
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