BUCKLE UP: The Bank Run Is Happening Quietly

We live in truly ‘interesting’ times with very dense news cycles. …

People tend to forget about a story within a 3-week period—sometimes they forget about it within a couple of days, as the deluge of new, breaking news reports takes center stage in the public consciousness. …

The ongoing banking collapse is no different.

Everyone was captivated by the collapses of Silicon Valley Bank, Signature Bank, and the bailout of Credit Suisse through acquisition, but now everyone is focused on the sham Manhattan grand jury indictment against President Trump and the threat posed by the RESTRICT Act.

Despite this shift in national attention, the banking collapse is ongoing, albeit quietly and on an underreported basis.

According to sources, deposits in larger banks are seeing huge outflows to the tune of $90 billion in the last week alone—the worst weekly outflow in nearly 40 years.

There is some debate as to whether the current outflow trend is directly due to the SVB, and the ongoing banking collapse, or whether it is the continuation of a trend that predates the current round of bank failures.

To make matters worse, the current economic crises are exacerbated by the collapse of the petrodollar reserve system, as the BRICS countries and France begin conducting international oil trade in the Chinese yuan, and their native currencies.

Saudi Arabia also recently announced a joint $12 billion oil refinery in collaboration with the Chinese government—all of these historic developments in the international oil trade have taken place over the last week.

Take a look at this outflow data, as well as the latest reports:

Small #bank #deposit outflows may be slowing but seasonally adjusted large bank #deposits had their worst weekly outflow in data going back to 1985 pic.twitter.com/HUFOzUrV4F

— Jordi Visser (@jvisserlabs) April 3, 2023

Chart of the Day:

Banks are currently seeing some of largest bank deposit outflows over the last 50 years.#chartoftheday #investmentmanagement #wealth #income #growth #wealthmanagement #investmentmanager #banks #deposits pic.twitter.com/uUT3hsiZ5h

— Blu (@BluFamilyOffice) April 3, 2023

According to The Epoch Times:

Between the collapse of SVB over March 10 weekend and March 22, domestically chartered banks in the United States lost a total of roughly $213 billion in deposits as skittish savers rushed to withdraw their money, according to the latest seasonally adjusted Federal Reserve figures on deposit outflows.

But while the first week following the failure of SVB saw a record drop of $196.4 billion in deposits in smaller banks—defined as ones smaller than the top 25 in terms of assets—the latest week saw a reversal.

Small domestically chartered banks saw an increase of roughly $6 billion in the past week. Still, the latest figures show that smaller banks remain down just over $190 billion since the collapse of SVB sent shockwaves across markets.

 

Charles Schwab Bank.Deposit outflows since the beginning of the year at the rate of 20 billion 💵a month and unrealized losses on the securities portfolio exceeding 15 billion at the end of 2022,which now – according to analysts' estimates – would have risen to over 20 billion.

— Malcolm X (@Malcolm85064573) April 3, 2023

Deposit & Loan Growth of US Banks

SVB has – so far – done little to disrupt trends in US bank deposit and loan growth. Small banks saw one week of big outflows (top left), but that outflow is over. Large banks have deposit outflows, but those predate SVB (top right). Loan growth… pic.twitter.com/TyX8s7FRER

— Viacheslav Bazylev (@BazylevSlava) April 2, 2023

Previously, ProCoin News detailed the high-profile collapse of Signature Bank and writes:

With the government stepping in and essentially protecting depositors from losing uninsured deposits, it seems that a full-scale banking crisis has been temporarily avoided.

However, many are concerned that this could be the start of many banks experiencing the same situation as part of a bigger problem.

After all, the Fed had raised interest rates at an extremely rapid rate which may have caught some banks in an unprepared situation.

So….what can be done?

In the history of the world, it usually hasn’t been a bad idea to secure some of your assets in “God’s money” a/k/a Gold.

And boy do I have a big update for you on that.

Here are two of the best, Steve Quayle and Greg Hunter.

I always love listening to these two chat, even though they got a little chippy at the end, with Quayle chipping back “Did you not just hear me?”

That’s ok, stress and tensions running high.

But there was a LOT in this one and I will try to summarize a couple main points.

First, Quayle points out that China has been absolutely DUMPING U.S. Treasuries in recent months, and then accelerating the sales this week.

According to Quayle, they dumped so much this week they sold them for 15 cents on the dollar just to get out.

As Bo Polny keeps warning us, a failure of the U.S. Dollar (USD) $ is coming and this is how you get a failure.

When the second largest holder of U.S. Treasuries rage quits the market and dumps them at fire sale.

Take a look at this:

China cuts US Treasury holdings to lowest level since global financial crisis. And the sales are accelerating.

At the same time China is increasing its gold reserves. #gold pic.twitter.com/5JwJSkfRJg

— Wall Street Mav (@WallStreetMav) March 25, 2023

Ok, so to everyone who just tuned out when I started talking about Treasuries, let me explain to you why this matters.

DISCLAIMER: no, I am not a Financial Advisor and I’m definitely not YOUR Financial Advisor.  But I am a reporter and I report it like I see it.  Fair and honest.

Because the US Dollar is likely going down hard….

But that also means Gold is likely about to Moonshot.

Check this out:

Gold's new 8-Year Cycle looks to be confirmed now.

Leaving behind one hell of a sexy looking chart.

The narrative for a big bull market is certainly there. pic.twitter.com/PFv4TJ5KVS

— Bob Loukas 🗽 (@BobLoukas) March 25, 2023

I think you should get out of the banking system now. Shift your deposits into Gold, Silver or Crypto. You can't trust your Bank or the Govt. When the derivatives bubble pops no Govt will be able to print enough money to guarantee all deposits without causing hyperinflation.

— Kim Dotcom (@KimDotcom) March 25, 2023

The Hierarchy Of Money And The Case For $8,000 Gold https://t.co/52Ci27pQxZ

— zerohedge (@zerohedge) March 24, 2023

As for that last one, that would be going from $2,000/oz to $8,000/oz.

We call that a 4x move, or a 400% gain.

Wow.

You can watch the full interview here on Rumble:

If you already have gold, that’s great!

For everyone else….keep reading:

A Faith-Driven, Conservative Precious Metals Company You Can Use With Your IRA!

For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the “elites” and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

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Precious metals.

I just talked about precious metals this week with Bo Polny and now I’m bringing you a solution that you can utilize right away if you’re so inclined…

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With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

Central bankers aren’t slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it’s understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com or call 866-292-0443 today.

Don’t wait too long, we might have more bank failures right around the corner.

You know what has NEVER “failed”?

Gold.  Precious metals.  Indestructible.

There’s a reason they call it “God’s money”.

Watch this for more:

Stay safe!