Major banking crisis looms as study finds nearly 200 more banks could potentially collapse

The following content is sponsored by Monetary Gold, the official gold sponsor of Breitbart News.

The collapse of Silicon Valley Bank, followed by Signature Bank two days later, turned out to be the second largest bank failure in US history. This is no small feat.

A study recently published by the Social Science Research Network found that 186 banks across the United States could collapse if half of their respective uninsured depositors withdraw their funds. This means that you, a US citizen, walk into your bank and demand what is rightfully yours. This single act could bring down 186 banks with potentially $300 billion in insured deposits at risk.

The SSRN study also assessed banks’ asset books in the United States and found that there is an estimated $2 trillion gap in their overall market value. They also said uninsured depositors are a major source of funding for commercial banks and account for about $9 trillion in bank liabilities. So if we the people demanded reimbursement, these banks could pose a “significant risk” of the collapse of the banking system.

Do you see 2008 on the horizon? What’s different now? The banking meltdown of 2023-2024 is only a mile away and we see it coming. In 2008 we were surprised, but now we are witnessing the same signals of 2008. Today, each of us can still do something to protect ourselves.

The banking system is 100% paper-based. Money, stocks, bonds, mortgages, contracts, futures, etc. All paper. Just like during the Great Depression, we could all wake up one day to find the value of our paper assets halved or worthless. With $31 trillion in debt, could this happen again?

There is only one way to protect your assets. It involves taking 20-30% of your cash or paper assets and investing them in precious metals. Determining which precious metals are right for you depends on your end game. This is not a “one size fits all” question.

But at the end of the day, it always comes down to “capital preservation.” If a $100,000 account has $30,000 in gold and the rest in stocks, and the stocks take a 60% hit, you now have $28,000 in stocks. More than likely, based on history, your gold could now be worth $35,000. So now, after 60% access to your account, you still have $63,000 left. It’s one-way gold that protects your portfolio and your retirement accounts.

Benjamin Franklin once said, “A ounce of prevention worth a pound of cure. These words could not be truer than they are today. Just taking a step towards preventing the loss of your savings will save you countless sleepless nights when the financial system begins to crumble due to debt.

This easy step is to get Monetary Gold Financial Protection Guide. It’s yours, absolutely FREE for you. You will learn how the super-rich protect themselves and their assets. It will reveal the secret IRS loophole that could save you thousands of dollars in taxes.

Inside, you’ll learn about the world’s most powerful inflation fighter and what you need to do now to protect your retirement; and why China, Russia and other communist countries are hoarding gold.

Please visit our website to get your FREE Monetary Gold Financial Protection Guide Today.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button