Bank Failures: "I Believe This is Only the Beginning...It Has Now Gone Global"

More at The banking crisis is over. At least, according to Jamie Dimon of J.P. Morgan. After First Republic Bank collapsed over the weekend and regulators sold the firm to J.P. Morgan, Dimon remarked, “this part of the crisis is over.” If you trust big bankers like Dimon, Silicon Valley Bank, Signature Bank, and now First Republic Bank were simply bad apples that have now been weeded out. We’re being told that the issues plaguing banks are solved and that banks should experience smooth sailing going forward. In today’s video, Mike examines the facts and exposes some troubling signs brewing in the banking system. We could see some other banks in trouble soon – and some of the big names might surprise you. ----------------------------------------------------------------- GoldSilver is one of the most trusted names in precious metals. Since 2005, we’ve provided investors with both education and world-class bullion dealer services. We offer a wide selection of bullion products, private vault storage, global shipping, and easy payment choices. Buy Precious Metals at: Get Free content from Mike's new book here: Subscribe to our channel: Follow Mike on Twitter: Follow us on Facebook: Check out our sister channel Wealthion @Wealthion with Adam Taggart featuring regular guests such as Jim Rickards, Rick Rule, Stephanie Pomboy, Lance Roberts, John Hathaway, Alisdair McLeod, Simon Hunt, John Rubino, Jim Rogers, Marc Faber and more. As always, thank you for your support. M....(read more)

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BANK FAILURES: "My Feeling Is This Is Just Ramping Up...It is International Now" The recent statement by an anonymous financial expert that "My feeling is this is just ramping up...it is international now" has raised serious concerns about the state of banks worldwide. The fear of potential bank failures has sent shockwaves throughout the global financial community, leaving economists and policymakers scrambling to understand the gravity of the situation. While the details behind this statement are scarce, it underscores the increasing unease that some industry insiders have been voicing for quite some time. Many have long warned about the vulnerability of the global banking system, pointing to various factors such as inadequate regulatory frameworks, systemic risks, and mounting debt levels. The COVID-19 pandemic has undeniably exacerbated existing vulnerabilities within the financial sector. The subsequent economic downturn has hit businesses hard, rendering them unable to fulfill their financial obligations and causing a ripple effect on banks. With a surge in bad loans and diminishing profitability, banks are now at risk of potential insolvencies. However, it is essential to maintain a measured perspective and not succumb to panic. While the current situation does possess unique challenges, the global banking system has undergone significant regulatory reforms since the 2008 financial crisis. These reforms, such as enhanced capital requirements and stress tests, aim to enhance the resilience of financial institutions and mitigate the risk of bank failures. Yet, concerns persist due to the interconnectedness of the global economy. Globalization has resulted in increased cross-border financial activities, making even the demise of a single bank potentially harmful to economies worldwide. The domino effect of one bank's failure impacting others can be devastating, leading to financial crises that reverberate globally. This interconnectedness is also why the statement of "it is international now" holds such weight. Economic crises are no longer confined to national borders but can rapidly escalate into a worldwide catastrophe. Any weaknesses in one country's banking system can quickly spread throughout the international financial network. Furthermore, the statement underscores the importance of global coordination and cooperation. The fight against potential bank failures requires a collaborative approach, with governments, regulatory bodies, and financial institutions working in unison to address systemic risks and restore stability. A failure to do so could result in severe economic and social consequences for nations across the globe. In conclusion, while it is crucial to consider the gravity of the anonymous financial expert's statement, it is equally important to maintain a balanced perspective. The international banking system faces challenges, particularly in light of the ongoing pandemic, but past reforms and regulatory measures have improved its resilience. However, the interconnected nature of the global economy demands vigilance and collaborative efforts to prevent potential bank failures from denigrating into a full-blown international crisis. https://inflationprotection.org/bank-failures-i-believe-this-is-only-the-beginning-it-has-now-gone-global/?feed_id=135472&_unique_id=6500a706da2e6 #Inflation #Retirement #GoldIRA #Wealth #Investing #500oz #bullion #buygold #buysilver #fed #Gold #goldandsilver #goldprice #hiddensecrets #HiddenSecretsofMoney #howtobuygold #howtobuysilver #invest #mikemaloney #miningstock #money #Preciousmetal #preciousmetals #ratehike #silver #silverbullion #silverprice #BankFailures #500oz #bullion #buygold #buysilver #fed #Gold #goldandsilver #goldprice #hiddensecrets #HiddenSecretsofMoney #howtobuygold #howtobuysilver #invest #mikemaloney #miningstock #money #Preciousmetal #preciousmetals #ratehike #silver #silverbullion #silverprice