Tag Archives: Markets

Something Big is Coming…

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Red stock market arrow plummeting over a stormy New York City skyline with shattering clocks.

Also in today’s wire reports and from Telegram. BREAKING: Three of the four largest Gulf economies — Saudi Arabia, the UAE, and Kuwait — are reportedly discussing withdrawing from U.S. and other international investments as the economic toll from the escalating war with Iran grows, according to the Financial Times.

Officials say “budget strains” are mounting as energy revenues decline and disruptions hit shipping and tourism across the region. As a result, some Gulf governments are considering reassessing major foreign investment commitments, including those in the United States.

Sources described the potential shift as a “precautionary measure,” but the implications could be enormous. Gulf sovereign wealth funds collectively hold more than $2 trillion in U.S. investments, meaning any pullback could send shockwaves through markets and financial institutions.

The move is also being viewed as potential pressure on Donald Trump as the conflict continues to escalate — signaling that the economic consequences of the war may be spreading far beyond the battlefield.

War, financial ruin, famine, disease, it’s all coming home to roost in America Mystery Babylon. Prayed up and prepped up, time is definitely short!

1Go to now, ye rich men, weep and howl for your miseries that shall come upon you. 2Your riches are corrupted, and your garments are motheaten. 3Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. James 5: 1-3

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ALERT! HUNDREDS OF BANKS ARE CLOSING AROUND THE USA!

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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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Deutsche Bank Death Watch Update, They’ve Lost Almost 4 BILLION Euros in 2019

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That Umbrella Won’t Save You

From Michael Snyder at the Economic Collapse Blog

The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan. Unfortunately for Deutsche Bank, it may already be too late. And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008. Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly.

Here is a video I did based on what I reported yesterday and this update today.

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