2nd US Bank failure!

Discussion in 'Markets & Economies' started by bretto, Mar 13, 2023.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Ha ha, the banksters are being caught out by their own games!
     
  2. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    US Government May Freeze American Bank Withdrawals As Currency Panic and Capital Flight Mounts

    Hedge fund manager and macroeconomic expert Hugh Hendry just issued a major warning on the US banking system and the American economy as a whole.

    In a new interview on Bloomberg Markets, Hendry says mass panic and capital flight away from the US banking sector is entirely justified.

    Hendry says a further decline in the M2 money supply, which in part tracks money in liquid checking accounts, could convince the US government to step in and prevent citizens from taking their capital out of the banking system.

    “Sometimes it’s kind of relevant to panic. I would recommend you panic… You’ve seen the biggest waterfall decline in M2 right now. M2 is deposits, not loans. That’s the deposits fleeing the system and going into money market funds.

    That could reach a crescendo where the Treasury and the Fed may have to come in and actually restrict your right as a US citizen to pull money out of the US banking sector.”

     
    Last edited: May 8, 2023
    JohnnyBravo300 and pmbug like this.
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Hopefully tons of people lose everything.
     
  4. pmbug

    pmbug Active Member

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  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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  6. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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