FDIC Finds $205 BILLION In Hidden Bank Losses

Have you noticed the MSM isn’t talking about bank failures or bank runs anymore?

Went silent.

I wonder why….

I would tell you it’s the calm before the storm and the four bank failures we saw back in April/May were just the test run.

I could be wrong.

I HOPE I’m wrong.

But I don’t think I am.

So I’m just going to keep bringing you experts who give you the real facts.

Hard data.

Like $205 BILLION in hidden bank losses just discovered at our top “too-big-to-fail” banks.

That’s not a problem, is it?

This comes to us from Peter St Onge.

You may have heard that name before, but if you haven’t here are his credentials:

Peter St Onge is a Research Fellow in the Thomas A. Roe Institute for Economic Policy Studies and the Mark A. Kolokotrones Fellow in Economic Freedom at The Heritage Foundation. He holds a PhD in Economics from George Mason University and a bachelor’s degree in Economics and Political Science from McGill University.

Before joining the Heritage Foundation, Peter was a Fellow at the Mises Institute, a Senior Fellow at the Montreal Economic Institute, and an Assistant Professor of International Trade and of Marketing at Taiwan’s Feng Chia University. Before academia, he held senior strategy and marketing positions at Harris Corporation of Florida and Takara Toys, Ltd. of Japan. He has lived extensively in Mexico, Brazil, Canada, Japan, and Taiwan, and speaks fluent Spanish, French, Japanese, and is conversational in Mandarin.

Peter’s papers have been published by the Independent Journal, The Heritage Foundation, and the Montreal Economic Institute. His articles on economics and finance have been published in The Wall Street Journal, The Globe and Mail, Financial Post, Business Insider, Bloomberg, the Mises Institute, Coindesk, and Zerohedge. He has presented papers at the Association of Private Enterprise Education, International Conference on Business and Information, American Marketing Association Marketing Educators’ Conference, and the Austrian Economics Research Conference. He has published book chapters in Ronald Coase: Academic Contributions (NTU Press, 2013); Handbook of East Asia Entrepreneurship (Routledge, 2014); and No Choice, No Exit (Heritage Foundation, 2020).

In short?

He knows his stuff.

And here’s the red alert video he just posted online:

FDIC finds $205 billion in hidden bank losses pic.twitter.com/1NT7R6FIFp

— Peter St Onge, Ph.D. (@profstonge) July 11, 2023

Kind of lines up with what we just heard from Col. Douglas MacGregor, doesn’t it?

Do you remember this?

Col. Douglas MacGregor: “I Think The Banks Are Going Down For 2-3 Weeks”

I’m not gonna say “I told you so” because that’s tacky…

But I do take my reporting very seriously and I love to see when our reporting is backed up by big sources.

I’ve been shouting from the rooftops that the banking failures of April/May are not over.

That was just the start.

I’ve been saying we almost certainly see a period of time where the banks “shut down” and you can’t get your money.

Now I being you this clip from Patrick Bet-David’s podcast with Col. Douglas MacGregor who basically confirmed all of that is true.

But worse than I even expected.

I expected maybe 1-2 days of bank closures.

He thinks 2-3 weeks.

He also thinks we don’t ever hit a 2024 election.

He sees things getting so bad that we will implode before then.

I don’t think he’s wrong.

Watch here:

HOLY CRAP!

Col. Douglas MacGregor doesn’t think we’ll even get to the 2024 election.

"I think we'll wake up one day and the banks will be closed for 2-3 weeks. No one will be able to get into them."

👉 @DailyNoahNews pic.twitter.com/yTe7AiAfti

— DailyNoah.com (@DailyNoahNews) June 29, 2023

Very interesting that just last week I brought you this same news from Glenn Beck.

Remember this?

Keep reading to see huge confirmation that what I’ve been reporting is dead-on accurate.

And scroll down to the bottom to see what YOU can do to stay safe when if/when this crash comes:

Glenn Beck: “Monday, You Could Wake Up And The Banks Would ALL Be Closed”

Heads up folks…

I keep sounding the alarm on this because it’s big.

Really big.

And it could change your life overnight.

That’s not my words, that’s Glenn Beck, his guest Carol Roth, even NPR has confirmed.

And when do Glenn Beck and NPR agree on anything?

I’ve been warning you about this for a long time.

So has Bo Polny.

And I’m going to continue to do so.

Let’s jump right in to this latest video from Glenn Beck interviewing Carol Roth.

It’s only about 15 minutes long but you need to see it.

If the dollar falls, your life will change overnight.

And speaking of things changing overnight, Glenn says we’re at the point where literally you could wake up Monday morning and find all the banks closed.

Watch here:

I know a lot of you like when I post a written transcript so I’ve got that for you here — but then scroll down past the transcript because I have a LOT more to show you.

I’m only getting started.

I’ll connect a bunch more dots for you down below that you need to see.

It’s all coming together: the end of the SWIFT system, XRP, crypto, gold, silver, the fall of the Petrodollar, the end of the FRN, Titanic to Titan…the end of the Federal Reserve, Bretton Woods, Bretton Woods 2.0?

Everything is converging right now, a 100-year event is about to play out.

Now if you’re a little confused about why the U.S. Dollar is so important, you need to see this.

It’s the “petrodollar” and it’s the reason we have such a high standard of living here in the USA.

But when it falls?

Worse than the Great Depression — and here’s that word again: overnight.

Watch this and I think you’ll understand:

The standard of living in America will FALL OVERNIGHT if the petrodollar falls…

"Worse than the Great Depression"

🚨🚨🚨 PREPARE NOW 🚨🚨🚨

Watch: pic.twitter.com/bBbq9TI0oP

— DailyNoah.com (@DailyNoahNews) June 24, 2023

And here is NPR of all places, confirming exactly what Glenn Beck, Bo Polny, me and so many others have been telling you:

The dollar is the world’s currency: It dominates global business.

The dollar is surging. This is who gets helped — and hurt — by its newfound strength

Economists call it the “global reserve currency,” a fancy title the dollar got about 80 years ago that has brought some pretty serious perks to the U.S. economy.

But could the dollar get knocked off the top spot? There are challengers emerging, and history shows that countries whose currency dominated the globe can fall from that top spot pretty fast … even over the course of a few days.

How it started: timing + muscle + lots of gold

The U.S. dollar did not luck its way into the top spot.

It was a carefully engineered plan that unfolded in the mountains of New Hampshire nearly 80 years ago. At the time the British Pound Sterling was the international currency. A title it had held for decades.

The dollar’s rise happened pretty suddenly at the Bretton Woods International Monetary Conference in 1944. Bretton Woods was a gathering of world leaders at the end of World War II. They came together to try and establish an international system for trade and finance, to help bind the world together and increase prosperity for all.

Now let’s talk solutions…

Because I can’t leave you hanging just with doom and gloom.

As always, I leave you with SOLUTIONS!

You may have noticed Glenn brought up gold.

In fact, you’ve probably been hearing a LOT about gold.

There are many credible rumors saying gold will back the new reserve currency that’s about to emerge…wouldn’t THAT be interesting!

Gold has been the ONE currency to have stood the test of time.

Literally “God’s Money” it has never gone to zero and by all accounts never will.

And the Central Banks know it.

I always say: watch what they DO, not what they SAY.

There’s a phrase on Wall Street called “talking your book”.

It’s a pretty evil thing…

Basically what it means is while you are telling the world one thing, you are secretly doing the exact opposite behind the scenes.

Why?

Because if you can make the entire market panic (retirees, workers contributing to 401ks, people trying to get ahead with investments), then you can swoop in while they’re panicking and buy on the cheap!

Vice-versa, if you can create euphoria, you can get the public to buy in at exactly the wrong time….all while you cash out.

It’s what Wall Street has been doing forever.

And history is repeating itself right now with Gold and Silver — in my opinion.

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.

So…the only question is, are you going to do what they TELL YOU or do what they DO themselves?

It’s why Jim Cramer is wrong almost EVERY time on CNBC.

His job is not to give you great Financial Advice.

I sure hope you didn’t think that.

No, his job is to “talk the books” for Wall Street and get the narrative out that they want!

Even if it’s wrong — like it is over and over and over.

So, what can you do?

You can do what the Central Banks are doing…get some Gold and Silver.

Precious metals.