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The Western Banking System is on the Brink of Collapse

There is virtually nobody in either the corporate or alternative media these days who are not warning about the serious problems with U.S. and European banks today. Even if a U.S. debt ceiling agreement is reached this week, it will not save the banking system. I am highlighting two new articles published today that reveal just how dire the current banking crisis is, and what may be lying ahead in the not-too-distant future with a new financial system rolled out and the implementation of Central Bank Digital Currencies (CBDCs). First, Pam Martens of Wall Street on Parade reports on a new IMF projection for the U.S. economy.  Next, Sam Parker, writing for Behind the News Network, just published a 2-part article titled "They're Coming for Your Money." He reports how the two families that control western banks, the Rockefellers in the U.S., and the Rothschilds in Europe, are planning on bringing down the entire western banking system to implement the "Great Reset" and roll out programmable Central Bank Digital Currencies.

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Yellen: “More Bank Mergers Necessary” as Banks Lose Tens of $Billions in Deposits the Past Two Weeks

It appears that the Biden Administration is abandoning their rhetoric that "the banking system is fine." CNN reported today that Treasury Secretary Janet Yellen met with CEOs of large banks yesterday and told them that "more bank mergers may be necessary." Her statements killed a stock rally this week that saw the stocks of regional banks increase 10%, in one of their best weeks since 2020. Not anymore. As ZeroHedge News reported today, reports show that $billions of losses in deposits at U.S. banks have occurred in the past two weeks, with over $70 billion lost in large US Commercial Banks.

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Another California Bank on the Verge of Collapse!

Earlier today, when Jerome Powell openly lied to the American People during the FOMC press conference stating without a hint of irony that the US banking system is "sound and resilient", we balked: how could this former lawyer lie so brazenly to the American people, the narrator wondered, when in just the past few weeks we had seen over half a trillion in bank failures, making the current bank failure episode even worse than the global financial crisis? Well, as usual, the narrator was right, because while Powell's lies were still ringing in our ears, the next regional bank collapse was on its say. Shortly after the close, Bloomberg reported that another regional, California-based bank (of course), PacWest Bancorp., was weighing a range of strategic options, including a sale. The Beverly Hills-based bank - whose financial conditions it appears has been far worse than the Fed, which just hiked another 25bps, thought - has been working with a financial adviser and has also been considering a breakup or a capital raise, according to Bloomberg sources. While it is open to a sale, the company hasn’t started a formal auction process. And sure enough, following the Bloomberg report, PacWest - which had $28 billion in deposits at last check (far less as of this moment) and $44 billion in assets, saw its stock plunge more than 60% after hours...

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4th U.S. Bank Collapses as Bank Runs Continue

The 4th U.S. Bank has collapsed in less than 2 months, as it was announced late Friday that First Republic, an FDIC bank, was being purchased by JPMorgan and PNC after a government seizure. The bank is headquartered in San Francisco, and is part of the Silicon Valley crowd with rich clients who have money deposited way above the FDIC insurance limits. So the bailout of wealthy Big Tech investors continues.

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A New World Order is Emerging as the Davos Banking System Collapses

With the collapse yesterday of the world's first SIFI (systemically important financial institution - "too big to fail") bank, Credit Suisse, the reality that the financial system of western culture is now on the brink of collapse is starting to sink in with Americans. While still not headline news in the American corporate media, financial headlines were notably pessimistic today, even with the stock market posting gains. The more dire outlooks are still being published as "opinion pieces," but it appears that more and more Americans are starting to face the reality that life as we have known it, is about to radically change. Here is an article that was featured on the Home Page of Market Watch for most of the day today, while the markets were open. And while it is listed as an "opinion" piece, it sure reads like a news article to me. "Opinion: The end of the ‘everything bubble’ has finally hit the banking system. Credit Suisse and SVB might be just the first of many shocks." The independent financial alternative media, without needing investors and editors' approval to print anything, was much more apocalyptic. Here are a few headlines from ZeroHedge News today: "The Banking System is On The Brink of Collapse," "This Financial Crisis Will Be Like None Other In History," "Nowhere To Hide In CMBS: CRE Nuke Goes Off With Small Banks Accounting For 70% Of Commercial Real Estate Loans." A New World Order is emerging, and it is NOT led by the Davos Crowd and the World Economic Forum.

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Swiss Bank Fails! Bail-ins Implemented as Seniors’ Pensions Raided – Chaos in Europe as France Burns

Credit Suisse, which was the second largest bank in Switzerland, and considered a "too big to fail" bank, has failed. Swiss authorities rushed through a deal late Sunday in an attempt to prevent a whole-scale stock market crash before trading started in Asia, along with futures trading in the U.S. The deal involved a forced fire sale to its rival bank, the largest bank in Switzerland, Swiss National Bank (SNB), which included both bailout money from Switzerland's Central Bank for SNB, along with a bail-in of AT1 bonds with Credit Suisse used to fund seniors' pensions, which will be completely wiped out. The bail-in wipeout of senior pensions is sure to fuel protests already happening around Europe over pension reforms, especially in France where protests began Thursday night last week when President Emmanuel Macron invoked what is basically an "executive order" before the French Parliament was about to vote on, and DISAPPROVE, pension reforms. The French have been rioting in the streets since then, continuing through Sunday night, as at the time I am writing this there are still livestream reports being broadcast showing much of France burning. Could we see similar types of bail-ins and pension funds disappear in the U.S.? Here is what the CEO of the largest investment firm in the U.S. said a few days ago...

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WARNING: Is a Banking System Collapse Imminent?

As I write this on Tuesday, October 4th, 2022, the stock market in the United States is up significantly, for the second day in a row. And yet even in the Corporate Media financial publications, which tend to emphasize the positive for investors, the news about what the immediate future holds is very gloomy today. Here is one example from MarketWatch today which I saw on their homepage at the same time that the DOW was up almost +800 points, which featured an interview with Keith McCullough, founder and CEO of Hedgeye Risk Management. "An entire generation of Americans hasn’t gone through a recession. A lot of companies in Silicon Valley have never been through a recession, for example. My definition of a U.S. corporate profits recession is when the rate of change of revenue growth has gone negative and the rate of change of year-over-year profit growth has gone negative. The Federal Reserve, even if it were to turn dovish on interest rates tomorrow, will have a hard time stopping the profits recession. When the rate of economic change is accelerating and the Fed is printing money, you buy anything that’s got a good chart and a good story. You’re going to make a lot of money until the music stops. And it did. Now we’re seeing the opposite. The rate of change of real GDP growth and inflation are slowing at the same time. You can’t own inflation, commodities or growth now. If you’re still long pretend growth or profitless growth or crypto, I recommend prayer." When a corporate financial news source features an interview on their homepage from a financial investment CEO who says "I recommend prayer," it is time to sit up and pay attention to what may be about to happen. And while this CEO does not discuss possible bank failures, there are plenty of others today who are, based mainly on two international mega banks that seem to be on the brink of collapse: The Bank of England, and Credit Suisse. What does a potential collapse of the banking system mean for you? Here is one analyst's view: "During banking crises, you won’t have full access to your deposits in the bank. As a result, electronic payments such as bank cards may become useless. In the extreme case, your deposits could be used to recapitalize ailing banks in a process called 'bail-in.'" Here are some examples of financial news reports that are being published today warning about bank failures that you may not read in the Corporate News.

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