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Situation Update, 3/13/23 - The Non-Bailout BAILOUT commences...
Situation Update, Mar 13, 2023 - The Non-Bailout BAILOUT commences - banking system flooded with BILLIONS in liquidity to DELAY total collapse
0:00 The Non-Bailout BAILOUT
- Janet Yellen announces Treasury "backstop" of deposits for THREE failed banks
- FDIC says it will use its Deposit Insurance Fund (DIF) money
- Claims "no taxpayer money" will be used for bailout - but it's A LIE
- FDIC only has $100 billion max, and bailouts will cost MORE
- After FDIC burns through cash, Fed will PRINT money for bailouts
- Banks encouraged to act recklessly, running risky bets that fail
- We've entered the chapter where Fed prints money to bail out all the failed banks
- This will cause #inflation and dollar devaluation - currency collapse
- There are nearly $10 TRILLION in bank deposits across the USA
- Over $300 trillion in derivatives exposures among banks
- FDIC has already burned through all its cash as of today
- How will FDIC cover the NEXT bank collapse?
- Rational people will pull money out of banks to reduce risk of exposure to collapse
- More people will move to gold, silver, crypto, ammo and other hard assets
- As Fed raises interest rates even higher, more banks will fail
- Controlled demolition of the banking sector and the US economy
For more updates, visit: http://www.brighteon.com/channel/hrreport
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