There are also at least a dozen other banks in the US alone that are on the brink of failure! In the Tweet below you’ll see that the FDIC regulators are already in the offices of First Republic Bank.
BREAKING: The FDIC is already on site at First Republic Bank trying to determine the best path forward to protect depositors. Things are moving way faster than expected given the accelerating bank run that has already reached a tipping point.
Bill Ackman is on the record as saying the Federal Government has 48 hours for any kind of bailout to work. It won’t be coming.
The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan@citi or… https://t.co/SqdkFK7Fld
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Look at this tweet from China as tanks are on the street to protect the banks from the people who can’t get their money!
🚨🚨🚨🚨Breaking news🚨🚨🚨🚨
Tanks are being put on the streets in China to protect the banks.
This is because the Henan branch of the Bank of China declaring that people's savings in their branch are now 'investment products' and can't be withdrawn.
Right at Christmas time when the press would be off duty and not reporting on this subject. Evergrande in China is also melting down as they are not paying employees and they are going to strike. Here more in this report from Bro News YT Channel.
Banks Closing across America right before Christmas? WHY?
Here is more on the story from NYPRESSNEWS.com.
“Many of our locations may have reduced hours, alternate days of operations or may have been temporarily closed,” Bank of America Corp. (NYSE: BAC) tells customers on its website. “We are doing everything we can to reopen as soon as possible, though some locations may remain closed for an extended period of time.”
This week, Bank of America and JPMorgan Chase & Co. (NYSE: JPM) were tight-lipped on how widespread the temporary closures are, with both declining to provide national numbers. The two banks referred CBJ sister publication the San Francisco Business Times to their website branch locator tools, which don’t offer a high-level overview. Their reluctance to talk is fueling concerns about the fate of many branches as the industry seeks to permanently scale back costly brick-and-mortar locations.
In a few instances, BofA also indicates on its website that some temporarily-closed financial centers will permanently shutter in early 2022. Locally, that includes branches such as at 3021 Prosperity Church Road in Charlotte and 368 W. Plaza Drive in Mooresville.
Nationally, Wells Fargo & Co. (NYSE: WFC) said it has about 4,800 branches and 94% are open, suggesting that approximately 288 branches are temporarily closed across the country. Source
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There are RUMORS coming out of Germany this afternoon that Deutsche Bank has ALLEGEDLY filed Bankruptcy. This wouldn’t surprise me the bank posted at 928 Million dollar net loss in the 3rd quarter! That goes along with an 18,000 job loss during the same period.
When the banking system does go, whether it’s now or in the near future be prepared for daily life to change drastically! Here is a video I did earlier on the subject. God bless and stand firm!
