Financial Situation Update

This is a manufactured banking crisis being used to RESET the system and usher us in to accepting a Digital Social Credit System.

“You will own nothing and be happy.” – Klaus Schwab

So Silicon Valley Bank had about $200 Billion on its balance sheet.

Ironically, $200 billion is also about how much we’ve sent to Ukraine.

—Charlie Kirk


Situation Update, Mar 13, 2023 – The Non-Bailout BAILOUT commences – banking system flooded with BILLIONS in liquidity to DELAY total collapse

– Janet Yellen announces Treasury “backstop” of deposits for THREE failed banks

– FDIC says it will use its Deposit Insurance Fund (DIF) money

– Claims “no taxpayer money” will be used for bailout – but it’s A LIE

– FDIC only has $100 billion max, and bailouts will cost MORE

– After FDIC burns through cash, Fed will PRINT money for bailouts

– Banks encouraged to act recklessly, running risky bets that fail

– We’ve entered the chapter where Fed prints money to bail out all the failed banks

– This will cause #inflation and dollar devaluation – currency collapse

– There are nearly $10 TRILLION in bank deposits across the USA

– Over $300 trillion in derivatives exposures among banks

– FDIC has already burned through all its cash as of today

– How will FDIC cover the NEXT bank collapse?

– Rational people will pull money out of banks to reduce risk of exposure to collapse

– More people will move to gold, silver, crypto, ammo and other hard assets

– As Fed raises interest rates even higher, more banks will fail

– Controlled demolition of the banking sector and the US economy

—-The Health Ranger

About 2012 Convergence

This is just a basic blog site intended to share information as the viewer might seem fit. It supports freedom of information and expression and does not contain any obscene material or pose any form of a security threat. Simply view only at the reader's discretion. .... Chris
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s