Tuesday, January 19, 2021

Prepare for Bank Runs & Bank Failures in 2021

Prepare for Bank Runs & Bank Failures in 2021 America’s Banking Crisis, A Financial Tsunami Approaching. Broken supply chains, record unemployment, failing small businesses, tsunami of bankruptcies. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there's another threat to the economy too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed. The intensifying American banking crisis threatens the stability of its economy and the world’s. America’s subprime mortgage losses have swelled into a full-blown financial crisis—and banks and citizens alike are bracing for the perfect storm. Simply put, America’s banks are staring into a financial abyss. The global financial stability has been shaken, and America is facing a growing economic crisis that could make the 1930s look like “good times.” The U.S. banking system is on the verge of disaster, as banks have recorded over $100 billion in losses, with hundreds of billions more forecasted. Time for chickens to come home to roost on Yellen's head. MMT for all and to all, a good night. All the major banks are complete garbage, Goldman, Wells Fargo, Citi, JP Morgan, Visa, MasterCard, Bank of America. While nowhere near as ugly as Wells Fargo's dismal results, moments ago Bank of America reported results that, while beating on the bottom line, left quite a bit to be desired, mostly as a result of disappointing sales and trading results, particularly in FICC, which declined 5% as weaker trading performance in macro products and mortgages outweighed gains in credit. Bank of America's total loans unexpectedly declined Year-over-year, down 4%. This is hardly encouraging for those who look at loans and leases as an indicator of overall economic health. Loans in the business segment fell 2%. FICC Unexpectedly Slides, but the bank tries to mask weakness with massive reserve release, buyback. The REPO market chaos pre-pandemic didn't go away; it just put a mask on. I am sure millions of individuals and businesses failing to make debt and rent payments are really helping with liquidity. These banks have so much exposure they should be penny stocks by now, but everyone knows they will get bailed out by the Fed. This total fraud accounting. Commercial lenders, like BAC, WFC, maybe JP Morgan, are bankrupt, insolvent. Also, CapitalOne and Discover (DFS). They've been doing credit card deferrals since March and reporting rosy results because those skipped payments keep 30, 60, 90-day delinquencies from occurring. Avalanche of bad loans coming soon. They'll be wiped out. This will result in a run on banks so large that it would impair the FDIC would be one of the worst financial disasters in American history. It would be an economic crisis on the scale of the Great Depression (or greater), and it would likely be accompanied by additional weaknesses in the stock and commodities markets. Probably more Fed injections, though. Tread carefully. Controller of Currency changed the rules for nonperforming loans to reduce the loan loss provisions. In the end, it will be like an avalanche of losses later this year unless the Federal Reserve buys up their nonperforming loans. Remember when the Fed temporarily reduced the reserve ratio requirement to zero back in early 2020? I remember. This entire fractional reserve fiat Ponzi scheme is a dead man walking (lurching). The collapse is inevitable. The big risk in the medium to long-run is that interest rates have been low for 12 years. We recovered from 2008, and interest rates didn't go up. All of this is artificial, and they will have to continue to be low for the foreseeable future. The problem with this is that it completely distorts the pricing of risk. It is time to force the breakup of the Too Big To Fail banks (because they simply won’t stop with the manipulation and abuse, despite near-death experiences and huge bailouts). And the more you learn about the inside baseball of banking, the more you realize that in modern practice, concentrated banking has become more and more an arm of the State anyway. But, one reason why efforts may fail is because of a lack of focus or insisting on an everything Revolution rather than making a tightly focused case by single, incremental steps. No Congressperson has to wait four years and run for President in order to file tightly focused bills and use the mainstream media advantage to push for them. A split Congress would likely block a bill, but the process would focus and increase popular support, perhaps to a point where some version might pass. But coming out with a laundry list every four years is more about electioneering than legislating. Google: FDIC Federal Deposit Insurance Corporation Failed Bank List . This list includes banks that have failed since October 1, 2000. There are 561 entries on the list. The whole financial system is corrupt and rigged. Get out of it. Be your own central bank. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. The 2008 recession was caused by the collapse of the Global Housing Bubble .All over the world, millions of people purchased houses at inflated bubble prices with borrowed money that they subsequently failed to repay. Millions of others converted the phantom bubble equity in their houses into genuine debt through cash-out refinancing and also subsequently failed to repay their debts. The Financial sector would have loved the government to give bailout loans to homeowners instead of the financial sector. That way, the homeowners could have repaid their debts to the banks, and there would have been no bank crisis. The problem for the government was that giving bailout loans to homeowners instead of financial institutions would have meant that those homeowners would have just owed the government the money that they were unable to repay to the financial sector. Today, the financial problems resulting from the pandemic could become even worse if large banks are allowed to take dangerous risks. A bank fails when it can’t meet its financial obligations to creditors and depositors. This could occur because the bank in question has become insolvent or because it no longer has enough liquid assets to fulfill its payment obligations. The most common cause of bank failure occurs when the value of the bank’s assets falls to below the market value of the bank’s liabilities or obligations to creditors and depositors. This might happen because the bank loses too much on its investments, especially if it loses a large amount in one area. It’s not always possible to predict when a bank will fail. When a bank fails, it may try to borrow money from other, solvent banks in order to pay its depositors. If the failing bank cannot pay its depositors, a bank panic might ensue in which depositors run on the bank in an attempt to get their money back. This can make the situation worse for the failing bank by shrinking its liquid assets as depositors withdraw them from the bank. This is called a bank run. In recent times, the FDIC has taken over failing banks in the U.S. in order to ensure that depositors maintain access to their funds and prevent a bank panic. Since the creation of the FDIC, the federal government has insured bank deposits in the U.S. up to $250,000. When a bank fails, the FDIC takes the reins and will either sell the failed bank to another, more solvent bank or take over the operation of the bank itself. Ideally, depositors who have money in the failed bank will experience no change in their experience of using the bank; they’ll still have access to their money and should be able to use their debit cards and checks as normal. When the failed bank is sold to another bank, they automatically become customers of that bank and may receive new checks and debit cards. All institutions involved in fractional-reserve banking are bankrupt; as their liabilities exceed their assets. That is the nature of fractional reserve banking. Bankrupt entities (companies) can remain in business, avert failure as long as creditors don’t demand repayment of their debts. A bank’s creditors are called “depositors.” If enough depositors demand the bank fulfill its contractual obligations to return the deposits, depositors will force the bank into bankruptcy, and it will fail unless it obtains outside money to pay depositors or the government considers the bank to be more important than the rights of depositors and outlaws the asking for your deposit be returned. Why do depositors demand repayment? Many reasons. They may become aware of stupid decisions made by bank management that will make repayment less likely in the future. Depositors may become concerned because other banks have failed. People who have borrowed from the bank may become unable to repay what they borrowed, and depositors become aware. Banks fail because confidence is lost. Why do you lose confidence in someone? One reason, with millions of specifics. But the big banks are also members of the regional Federal Reserve Banks and own the Federal Reserve. They control the money supply, so they are in control of the U.S. and are the rulers. So their trading losses have been bailed out by themselves, the bank-owned Federal Reserve, while they show losses from bad loans, but can bailout these loans at any time. Glass-Steagall. All you ever need to fix the mess. We had good honest banking and a sound stock market until it was repealed. 60 years worth. This Banking System is corrupt and criminal and has to Go! This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Blog Archive

“Control oil and you control nations; control food and you control the people.” Henry Kissinger

once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?


“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924

Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money

Taxation is legalized Theft

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan

"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich

There is NO political answer to a spiritual problem!
Steve Quayle

litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow

When People lose everything and have nothing left to lose , They Lose It !


Your Greatest Teacher is Your Last Mistake

The one who Controls the Education System , Controls Perception

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left

No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please

Freedom is not Free

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff

You can love your Country and not your Government

Jesse Ventura

" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan

"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato

The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki

"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki

"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN