Monday, March 13, 2023 by: Mike Adams
Tags: bailout, bankers, banking, banksters, chaos, Collapse, currency, debt, deposits, dollar, FDIC, Federal Reserve, finance, money, national debt, risk, Silicon Valley Bank, SVB, taxpayer money, Treasury
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Three US banks collapsed last week (Silvergate, Silicon Valley Bank and Signature). Contagion took hold and quickly began to spread to other banks.
The entire US banking system would have collapsed starting today if not for the FDIC jumping in and offering to rescue even non-insured depositors at SVB. Normally the FDIC covers only $250K in deposits per person or institution. To try to avert a total systemic collapse, they announced in an emergency session yesterday that they would cover all deposits for these banks.
The problem is that the FDIC only had slightly over $100 billion in funds to carry this out.
Yet the total bank deposits held across America are approaching $10 trillion. (Nearly 10,000 billion.)
In effect, the FDIC only has enough funds to cover about 1% of bank deposits in America.
Even worse, banks in America have over $300 trillion in derivatives liabilities. That’s thirty times larger than the $10 trillion in deposits. The FDIC has only a tiny fraction of a fraction to even think about covering these losses, should derivatives begin to unwind.
The claim that the FDIC is bailing out depositors without using “taxpayer money” is a lie
Mathematically, what all this means is that the Treasury and Fed are going to have to print money to prop up failing banks, especially as contagion spreads and more banks crater as the Fed raises interest rates — a kind of “controlled demolition” of the US economy and stock market.
This is going to dilute the value of dollars and cause huge inflation increases across all the products you normally buy, such as groceries, housing, clothing, fuel and so on.
All this printed money is created as debt on the shoulders of US taxpayers, and the government will move to confiscate more and more money from the American people to try to shore up the financial nightmare that it created. Joe Biden is already pushing much higher taxes, even as the USA is on track (with new spending programs) to hit over $50 trillion in national debt by 2030.
Let there be no illusions about how this ends: The total collapse of the dollar, the banking system and the USA as we know it.
Perhaps that was the plan all along.
Hear today’s Situation Update podcast for full details (and an action plan to financially survive all this):
– 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
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About the author: Mike Adams (aka the “Health Ranger“) is a best selling author (#1 best selling science book on Amazon.com called “Food Forensics“), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics. Follow his videos, podcasts, websites and science projects at the links below.
Mike Adams serves as the founding editor of NaturalNews.com and the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation. Adams is also highly proficient in running liquid chromatography, ion chromatography and mass spectrometry time-of-flight analytical instrumentation. He has also achieved numerous laboratory breakthroughs in the programming of automated liquid handling robots for sample preparation and external standards prep.
The U.S. patent office has awarded Mike Adams patent NO. US 9526751 B2 for the invention of “Cesium Eliminator,” a lifesaving invention that removes up to 95% of radioactive cesium from the human digestive tract. Adams has pledged to donate full patent licensing rights to any state or national government that needs to manufacture the product to save human lives in the aftermath of a nuclear accident, disaster, act of war or act of terrorism. He has also stockpiled 10,000 kg of raw material to manufacture Cesium Eliminator in a Texas warehouse, and plans to donate the finished product to help save lives in Texas when the next nuclear event occurs. No independent scientist in the world has done more research on the removal of radioactive elements from the human digestive tract.
Adams is a person of color whose ancestors include Africans and American Indians. He is of Native American heritage, which he credits as inspiring his “Health Ranger” passion for protecting life and nature against the destruction caused by chemicals, heavy metals and other forms of pollution.
Adams is the author of the world’s first book that published ICP-MS heavy metals analysis results for foods, dietary supplements, pet food, spices and fast food. The book is entitled Food Forensics and is published by BenBella Books.
In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.
In addition to his lab work, Adams is also the (non-paid) executive director of the non-profit Consumer Wellness Center (CWC), an organization that redirects 100% of its donations receipts to grant programs that teach children and women how to grow their own food or vastly improve their nutrition. Through the non-profit CWC, Adams also launched Nutrition Rescue, a program that donates essential vitamins to people in need. Click here to see some of the CWC success stories.
With a background in science and software technology, Adams is the original founder of the email newsletter technology company known as Arial Software. Using his technical experience combined with his love for natural health, Adams developed and deployed the content management system currently driving NaturalNews.com. He also engineered the high-level statistical algorithms that power SCIENCE.naturalnews.com, a massive research resource featuring over 10 million scientific studies.
Adams is well known for his incredibly popular consumer activism video blowing the lid on fake blueberries used throughout the food supply. He has also exposed “strange fibers” found in Chicken McNuggets, fake academic credentials of so-called health “gurus,” dangerous “detox” products imported as battery acid and sold for oral consumption, fake acai berry scams, the California raw milk raids, the vaccine research fraud revealed by industry whistleblowers and many other topics.
Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.
In addition to his activism, Adams is an accomplished musician who has released over fifteen popular songs covering a variety of activism topics.
Click here to read a more detailed bio on Mike Adams, the Health Ranger, at HealthRanger.com.
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