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Falling Off The Cliff - The Banking Sector Is Going Under

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Falling Off The Cliff - The Banking Sector Is Going Under

Sam Faddis
Mar 13
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Falling Off The Cliff - The Banking Sector Is Going Under

andmagazine.substack.com

Since Joe Biden came to office the media conglomerates that act as the propaganda arm of the Democratic Party have operated on one principle. Deny reality. Cover up. Bury the truth.

Lie.

Unfortunately, reality has a way of intruding. The Chinese are making lists of the people they will execute after they take Taiwan. The Iranians are about to go nuclear. Russia is routinely threatening nuclear armageddon.

And, now, the bottom is falling out of the American economy.

Twitter avatar for @RNCResearch
RNC Research @RNCResearch
"Can you assure Americans that there won't be a ripple effect? Do you expect other banks to fail?" BIDEN: *shuts door*
1:08 PM ∙ Mar 13, 2023
11,697Likes3,648Retweets

Two major U.S. banks, Signature Bank and Silicon Valley Bank, have failed. There are unconfirmed reports of additional imminent failures. The New York Stock Exchange halted trading on stocks for fifty banks today because those stocks were in free fall. Lines are forming in front of banks around the country as depositors race to get their money out.

Twitter avatar for @srdmk01
Koustuv 🇮🇳 🧭 @srdmk01
Three other #US banks are reportedly in line for bankruptcy: First Republic Bank Pacific Westerns Western Alliance
Image
10:38 AM ∙ Mar 13, 2023
127Likes44Retweets

Why? The reason is simple. People and businesses are being crushed by this economy. They are taking their money out of financial institutions. Banks typically only keep on hand a small proportion of the total deposits they hold. The rest they invest.

When people start demanding their money back banks have to start selling assets to raise cash. In this economy that means they take immense losses. To be blunt, they don’t have the money people are demanding.

We haven’t seen anything like this since at least 2008. It is a crisis, and it may get much worse. Predictably enough the Biden administration is preaching its usual “nothing to see here” rhetoric. Biden gave a press conference today, answered no real questions, and then walked off stage shutting the door in the face of reporters trying to get answers.

Twitter avatar for @IMacrepair
Glay-RLMJ @IMacrepair
@evilpersists @redsteeze NYSE stopped trading on 30 banks this morning. What do you think??
Image
5:01 PM ∙ Mar 13, 2023
5Likes1Retweet

Keep in mind that the second of the two banks that failed, Silicon Valley, specialized in catering to the tech sector, which has been one of the strongest parts of the U.S. economy in recent years. It was not some niche business. That failure is the second largest in U.S. history.

In particular, Silicon Valley offered services to tech startups. It provided specialized financial services, industry expertise, a valuable network, and a strong reputation. It also offered financial services tailored specifically to the needs of startups, such as venture debt, corporate banking, and asset management.

Startups are dying in this economy. They are going under. They took Silicon Valley with them.

Twitter avatar for @RadioGenova
RadioGenova @RadioGenova
People line up outside Silicon Valley Bank in Santa Clara, California, after its collapse. Joe Biden was supposed to destroy the Russian economy, but he destroyed the US one. Coming soon to Europe.
6:27 PM ∙ Mar 13, 2023
263Likes100Retweets
Twitter avatar for @ChuckCallesto
Chuck Callesto @ChuckCallesto
MARKET CRASH ALERT: Lines from at FIRST REPUBLIC BANK in Los Angeles.. ANOTHER ONE?
11:33 PM ∙ Mar 11, 2023
2,888Likes1,280Retweets
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19 days ago · 44 likes · 3 comments · Sam Faddis

A wide range of financial experts is warning things could get much worse. Billionaire hedge fund manager Bill Ackman whose company manages $16 billion in assets is warning of a possible “economic meltdown.” Ackman is also advising that despite government efforts to prop up the banks, other financial institutions will likely fail.

This is as real as it gets. Biden’s out-of-control spending and his war on the energy sector have brought us to the abyss. We have been standing on the precipice for some time. Now we are falling off the cliff.

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Falling Off The Cliff - The Banking Sector Is Going Under

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1 Comment
S.P.H.
Mar 13

This may be planned by the globalists, I don't know. But I do know the move is on to have a one world order, and that will demand a one world currency. We are all along for the ride at the moment. If I wake up some morning to learn my funds have been confiscated and replaced with a digital currency I won't be surprised. But, if they ask me to make an appointment for insertion of a digital reader to access my 'new' funds I'm outta here!

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