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BANKING CRISIS: New Data Indicates Worst Yet To Come?

Buckle up everyone, the banking crisis only looks to be in the eye of the storm, so to speak.

Following the crisis that saw several banking giants fail earlier this year, we have seen some relative calm when it comes to bank closures and forced mergers. However, the worst has yet to occur, sources claim.

According to reports, a total of 2,118 bank branches closed in 2023 alone, and this is simply for most of the year. The total is higher due to the data only spanning 10 months.

Banks are closing down their local branches at alarming rates and have laid off more than 60,000 workers in 2023 alone—does this look like healthy behavior to you?

The Biden regime and the mainstream financial media continue to ensure Americans that the worst is now over and that the U.S. economy will experience a ‘soft landing’ in 2024, but does anyone really believe this?

Banks are hemorrhaging personnel and physical locations, the country is $34 trillion in debt, and inflation has wrecked the spending power of the average American consumer. Vivek Ramaswamy recently warned of another 2008-style financial crisis fomenting:

“Bank of America is now providing *loans without down payment* for home buyers in “black & Hispanic Communities.” Mark my words: This act of “anti-racism” today will be called “systemic racism” tomorrow – when minorities end up defaulting on these loans.”

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Zero Hedge reports:

Twenty of the world’s largest banks slashed 61,905 jobs in 2023, a move to protect profit margins in a period of high interest rates amid a slump in dealmaking and equity and debt sales.

This compared with the 140,000 lost during the GFC of 2007-08.

 

A quick search online will show this isn’t simply an issue plaguing the United States, Europe is also experiencing similar problems with bank branch closures and unprecedented cashless policies.

According to The Wall Street Journal:

Over the past 12 months, Wells Fargo has closed 258 branches, JPMorgan Chase 165 and Bank of America nearly 100, according to S&P Global Market Intelligence.

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In all, the number of bank branches in the U.S. has shrunk by more than one-fifth to just 78,000 today from nearly 100,000 in 2009.

Soft profits and aggressive cost cutting mean still more Americans will see their local bank branch close its doors in 2024.

We’ve been warning you:

Bank Crash 2.0 Incoming? “I Think The Banks Are Going Down For 2-3 Weeks”

Earlier today, we reported that MetroBank was on the verge of collapse.

Perhaps by the time you read this it will have already gone under.

I have found it’s very common for bank runs to begin on a Friday, let the panic build over the weekend, and then things open up UGLY on Monday of the following week.

Here’s that story in case you missed it.

Another Bank On The Verge Of Collapse?

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But now I wanted to shift from that story and remind you about something that might be VERY relevant right now.

And that comes to us courtesy of Ret. Gen. Douglas MacGregor.

We take our reporting very seriously around here 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.

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I don’t think he’s wrong.

Watch here:

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:

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.

God’s money.

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…

Oh and here’s the best part…it’s from a faith-driven, conservative precious metals company whose mission is to help Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals.

So important.

They do not offer “virtual” or “paper” gold or silver.

Oh, and you know who else loves these guys?

Superman.

Literally Superman, Conservative Actor and the man who once played Clark Kent on ABC, Dean Cain.

Check this out:

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, according to Weiss we 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!


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