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USA Like Argentina..Looks Like We're Next...
| Bailouts begin - total system collapse temporarily averted (for now) | |
Three US banks collapsed last week (Silvergate, Silicon Valley Bank and Signature). Contagion took hold and quickly began to spread to other banks. The entire US banking system would have collapsed starting today if not for the FDIC jumping in and offering to rescue even non-insured depositors at SVB. The problem is that the FDIC has now essentially run out of funds to cover any more banks that fail. What all this means is that the Treasury and Fed are going to have to print money to prop up failing banks. And that's going to cause inflation to skyrocket even more. Get all the detail in today's feature podcast here (don't miss this) | |
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UK House of Commons refuses to protect private prayer and consensual conversations
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Hyperinflation meets the Great Depression - Andy Schectman warns Mike Adams about what's next
Today's Situation Update broadcast (below) focuses on the accelerating financial collapse that's now unfolding. The CEO of Miles Franklin, Andy Schectman, joins me for an eye-opening interview in which he says we're headed into an insane combination of hyperinflation colliding with the Great Depression . This will end badly. Based on what we've witnessed over the last four days, I'm now convinced we will experience a total collapse of the US banking system and the US dollar. There is no one in charge who has any clue whatsoever about how to handle finance, risk, economics or banking policy. From the bank managers in Silicon Valley to the government regulators and Treasury heads, they are all woke clowns who are obsessed with their cult of wokeism but have zero interest in risk assessments or financial diversification. |
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I've been losing sleep over this. |
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Soooo sad... IT IS SOOOO serious! Purposely harmful acts by the O'Biden admin... |
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