Ripples Tear Banking System
As money starts to disappear, banks are starting to collapse. This is causing panic among the people, as they worry about what will happen to their money. Watch this video for more information on bank runs and how they could affect you. More from Redacted’s Clayton Morris on his side channel Morris Invest.
A third bank has collapsed overnight — New York’s Signature Bank. State regulators closed the bank over the weekend, citing “systemic risk.”
Here, Michael Cowan warns to keep your eyes on your own banks this coming week as the entire banking system could be heavily rocked, and we could see a string of closures and failures. One reason?
The corrupt Biden administration does not have strict policies requiring banks to hold a percentage of the money in their investor’s accounts. These banks can take all of the money and purchase risky investments.