Bank failures and the coming Economic collapse

$78,000,000,000 Exits US Banking System in One Week As JPMorgan CEO Issues Alert on Deposit Flight​


US banks are witnessing a big increase in deposit flight from their customers.

According to newly updated stats compiled by the Federal Reserve Economic Data (FRED) system, $78 billion exited American bank accounts from July 5th through the 12th.


The deposit exodus follows a two-week period of relative stability in the system as big banks invest significant levels of cash to third party intermediaries to bring in new deposits.

Banks are feeling the pressure to compete with higher yielding money market accounts.

And JPMorgan Chase CEO Jamie Dimon just issued a warning to shareholders on the banking sector’s need to keep up with demands for higher rates and avoid further deposit flight, reports the Wall Street Journal.

“There is very little pricing power in most of our business, and betas are going to go up.”

Autonomous Research analyst Brian Foran says Dimon’s alert represents a “definite curb your enthusiasm moment” for banks after an industry-wide surge in second-quarter profits.

US banks are also bracing for fallout in the commercial real estate sector fueled by the emergence of remote and hybrid work environments.

A recent report from S&P Global Market Intelligence found 576 American banks are overexposed to commercial real estate loans based on regulatory guidelines, which represents an increase of 30% compared to one year ago.
 
Another interesting take from Martin Armstrong, not sure if his predictions from the ECM pi dates will come true, we will just have to "wait and see" :


"On June 25, 2020, BEFORE the election, we posted that the election would be manipulated and that Trump should have won, but our computer was warning he would probably lose. I warned that historians recorded that the election of 53 BC in Rome was so corrupt that all the bribing got so out of hand that interest rates virtually doubled to pay all the bribes. Given that interest rates before the election of 53 BC had stood at 4% and in post-election years 8%. That corruption undermined the economy, and interest rates rose further during the peak of speculation before the crash stood at 12%. It was a Debt Crisis that forced Julius Caesar to cross the Rubicon in 49 BC – not a thirst for power. The people cheered Caesar, and it was the senators who fled Rome and ran to Asia, for the people would not support them. The negative image of Caesar was fake news spun by Cicero, who was only of the corrupt oligarchs. I wrote for the conclusion of that June 25th, 2020 post:


“So buckle up. The election of 2020 is going to be the most corrupt, manipulated, and outright fraudulent election in American history. There is a lot at stake. This is a major effort by Marxists to take control. The election of 53 BC was the precursor to civil unrest which began just 3.14 years later when Julius Caesar (100-44BC) crossed the Rubicon on January 10-11, 49 BC. Interestingly enough, it will be four years to the peak of this Economic Confidence Model – 2024.”





We will not even make it to the November 2024 elections. This corruption will lead to a turn in the entire world economy post-May 7/8th, 2024. The 2020 election took place on November 3rd, 2020 (2020.841). Our Rubicon may very well be 2023.981 – December 24th. Perhaps this will be our political Christmas gift to the world so they see America as not much different than a banana republic"
 
I think this is worth the watch. This guys says that an insider emailed him saying that there is only 9 days worth of food left at distribution centers in the US. A few years ago it was 60 days and steady. There are various factors at production facilities - older people who knew how to run and fix equipment, etc retired, part supply issues to keep plants operating, product supply issues, employment issues - that all tie in with each other to cause a draw down in available food basically in storage. He also says this doesn't take into account what is actually harvested and available. Figure that will only compound things. And he doesn't mention the impact of all the fires at facilities and the destruction of them that we have seen and how that adds to things. Looks like something to keep an eye on...

Someone posted a video of his on the forum and I think his content is pretty good. He tries to take view reports on shortages and other stuff to give a person a view that you can't really find in the mainstream or anywhere else.

 
At any moment/by PTB finger click-Fedreserve’s ‘crazy money printer’ can be stopped, which will result in a domino effect on the whole world.
It is only cash amount-M1.
Imo, could be that they after the reset - would proclaim all the notes obsolete and welcome us in digital money only world🤔

More than 80% of the money denominated in US dollars (printed in US dollars) were issued between 2020 and 2023.
And the pace continues to grow.
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Interesting take from Martin - based on the ECM turning point of May 2024 (a downward trend for the World)

May 2024 & the WHO​



"The goal here is to use the World Health Organization to provide the mechanism to justify quarantine camps as New York State was authorized, and this final draft to the World Health Assembly is to come in May 2024 in conjunction with the turn in our Economic Confidence Model. As I have pointed out, whatever takes place on the precise day has tended to be the most important focus. Here, in addition to this WHO tyranny, it is the precise day that whoever is elected as the President of Russia will be sworn in precisely on the day of the ECM.

When it comes to this WHO proposal for a world dictatorship under the pretense of caring about our health when the stats show that sudden death may reach 17 million people worldwide who were vaccinated with this gene therapy rather than a traditional vaccine, ironically, our greatest hope is Putin and the former Eastern Communist states in rejecting WHO for these people know tyranny first hand. Friends I have from Eastern Europe who moved to the USA all say the same thing – this is what they fled.

It is hard to say what the significance of this turn is. I certainly hope Putin survives, for if one of the hardliners gets the Presidency on any excuse of sudden health issues or whatever, then we will fact their Neocons against our Neocons, and we will be caught in the middle. On the other hand, those in Eastern Europe and Russia are showing resistance to the surrender of sovereignty to the WHO. Now, they call this surrender of sovereignty fake news. It will NOT function that whoever is there in the White House is compelled to carry out the orders of the WHO. There is no enforcement power, so it is not a surrender of sovereignty on some unwilling basis. The Biden Administration will sign because it will provide them the excuse to create quarantine camps and restrict travel.......

This is how the government will use the WHO recommendations claiming you have violated health issues to imprison you and strip you of your First Amendment right to free speech and assembly. If Trump were President, he would not be compelled to follow the WHO even if Biden signs the Treaty. This is why they are trying to get this through come May 2024 just in case Trump becomes president next January."
 
Interesting take from Martin - based on the ECM turning point of May 2024 (a downward trend for the World)

May 2024 & the WHO​



"The goal here is to use the World Health Organization to provide the mechanism to justify quarantine camps as New York State was authorized, and this final draft to the World Health Assembly is to come in May 2024 in conjunction with the turn in our Economic Confidence Model. As I have pointed out, whatever takes place on the precise day has tended to be the most important focus. Here, in addition to this WHO tyranny, it is the precise day that whoever is elected as the President of Russia will be sworn in precisely on the day of the ECM.

When it comes to this WHO proposal for a world dictatorship under the pretense of caring about our health when the stats show that sudden death may reach 17 million people worldwide who were vaccinated with this gene therapy rather than a traditional vaccine, ironically, our greatest hope is Putin and the former Eastern Communist states in rejecting WHO for these people know tyranny first hand. Friends I have from Eastern Europe who moved to the USA all say the same thing – this is what they fled.

It is hard to say what the significance of this turn is. I certainly hope Putin survives, for if one of the hardliners gets the Presidency on any excuse of sudden health issues or whatever, then we will fact their Neocons against our Neocons, and we will be caught in the middle. On the other hand, those in Eastern Europe and Russia are showing resistance to the surrender of sovereignty to the WHO. Now, they call this surrender of sovereignty fake news. It will NOT function that whoever is there in the White House is compelled to carry out the orders of the WHO. There is no enforcement power, so it is not a surrender of sovereignty on some unwilling basis. The Biden Administration will sign because it will provide them the excuse to create quarantine camps and restrict travel.......

This is how the government will use the WHO recommendations claiming you have violated health issues to imprison you and strip you of your First Amendment right to free speech and assembly. If Trump were President, he would not be compelled to follow the WHO even if Biden signs the Treaty. This is why they are trying to get this through come May 2024 just in case Trump becomes president next January."
I do really hope that Russia will not join that WHO pact. But unfortunately i have not heard that we are opposing that document (only several countries are questioning it). As recent history shows, Russia follows WHO’s directives despite of smo, confrontation with the west etc.
 
I do really hope that Russia will not join that WHO pact. But unfortunately i have not heard that we are opposing that document (only several countries are questioning it). As recent history shows, Russia follows WHO’s directives despite of smo, confrontation with the west etc.
The difficulty with governing a country especially as big as Russia is the necessity to have external consideration for the weakest of them all and the best way to do so is to implement restrictions for all. Let's think about speed limits. Standart speed limit in cities is 50km/h. Most of people would do fine maybe being it 70km/h, but there be those few who would experience it as too fast. So I think there is this type of pressure within any leadership. Statistically in one country there are more weak people than in another and the measures seem to differ in extremes. Taking US into consideration the government over the years have bread more weak people with help of the corporate world whom seem to be the highest benefactor from weaknesses of others. So the incentive is big there to do what they do. Maybe the Russian government understands what it is all about when it comes to WHO only problem is do they want to risk leaving the weak behind. They maybe also be playing dumb because there has been articles and evidence acquired in Ukraine from the US biolabs about virus researches or bioweapons.
 
Watched The Great Taking last night and it was chilling. David Rogers Webb lays out the Central bankers plans to basically take everything. For someone like me who's trying to understand the coming collapse I found it well worth I watch.

 
Psychic altert! A popular team of remote viewers provided concerning data regarding NASDAQ performance this year. Dick, one of the remote viewers, feels that this will happen in July or August and that it'll be related to bonds. Daz feels that there will be a precursor event in May. It kind of overlaps with recent predictions by Polish clairvoyant Jackowski. He's often bad on timeframes, but he has been speaking about big financial turmoil for more than a year now. In the recent sessions, he felt that something would happen in April, but it would culminate later this year (although I don't remember which session it was since he streams a lot lately and talks too much). One could only imagine what would follow to cover that financial embarrassment. There are two videos below about the same remote viewing target, but with some different details, so it's worth to watch both.
 
I must say that I'm enjoying Cameron Macgregor's videolog. He's the son of Col. Douglas Macgrgor, whom most of you probably know from his sober commentary about the Ukrainian conflict. In a recent video, he's discussing the current state of financial markets and how they could crash soon. Summary, courtesy of AI:
The speaker discusses the current state of financial markets, particularly in the US and the US Stock Market. He begins by quoting John Kenneth Galbraith on the psychology of speculation and the euphoria that can distort markets. The speaker notes that despite growing awareness of economic weaknesses, such as a national debt crisis, political instability, and geopolitical tensions, some investors remain complacent. He identifies two contrasting views on the economy's strength, with one group pointing to strong GDP numbers and corporate earnings, while the other sees warning signs and systemic risks. The speaker argues that the financialization process, which began in the 1970s, has nearly completed the transformation of America from an economy with a financial system to a financial system with an economy. The top 50% of income earners in the US own 94% of the assets, and they do 85% of the spending, which the speaker believes explains why the balance sheets and earnings of many companies remain strong.
Macgregor discusses the growing economic disparity between upper and lower income brackets, attributing it to the consistent increase in asset values for the wealthy over several decades. He warns that a reversal of this trend could lead to major social consequences. The speaker also mentions the five richest men in the world, whose wealth has doubled in the last three years, not due to productivity but because of rising asset prices. The first warning sign of potential instability in the financial system is bank fragility, specifically referencing New York Community Bank, which has experienced significant financial losses on commercial real estate and multi-family housing loans. The speaker expresses concern about the potential for contagion and the interconnectedness of smaller banks with larger institutions, as evidenced by Moody's downgrading of New York Community Bank's credit rating to junk status. The speaker also mentions that New York Community Bank had bought up some of Signature Bank's assets during the previous banking crisis, suggesting that the problems could spread further.
Macgregor discusses the risks facing the banking system and potential economic downturn. The first warning sign is banking fragility, with unrealized losses in the banking system reaching almost a trillion dollars, which is a significant problem given the size of the US banking system. The second risk is a refinancing crisis, as the US government and commercial real estate sectors face massive refinancing needs, exacerbated by rising interest rates. The third risk is the housing market, which has experienced a significant depreciation, with every price drop of 2% or more preceding or coinciding with a recession. The fourth risk is the narrowness of investment focus in the stock market, with passive investing leading to a concentration on large companies. These risks, the speaker warns, are systemic and could lead to a severe recession or even a depression.
The speaker discusses concerning trends in the stock market, specifically the disproportionate growth of certain companies like Apple and Microsoft, whose market capitalizations have surpassed entire sectors of the S&P 500 despite stagnant or declining fundamentals. The speaker warns that this narrow concentration of investment and the speculative mania surrounding companies like Apple, driven by themes such as artificial intelligence, could lead to a dangerous bubble. The speaker also expresses skepticism about the productivity miracle promised by AI and questions whether it can offset economic challenges like the housing crisis, commercial real estate refinancing, and government debt. Ultimately, the speaker believes that we are in the final stages of this speculative mania, which could end badly and impoverish a significant portion of the population. The speaker advises investors to be cautious and consider taking profits, emphasizing that these bubbles always end in a massive euphoric burst.
 
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