Treasury Secretary Panics: “Economic Chaos Will Ensue”
By Stefan Gleason On Sunday, U.S. Treasury Secretary Janet Yellen warned that “financial and economic chaos will ensue” if the U.S. government’s borrowing limit isn’t…
Economic Collapse
Homeless Encampments Are Exploding In Size All Over America As Rents Soar And Evictions Surge
By Michael Snyder Communities all over the United States are being taken over by giant homeless encampments, but we are supposed to believe that this…
California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense
By Tyler Durden California’s recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic…
“It’s Spooky”: Stanford Professor Warns Thousands Of US Banks Are “Potentially Insolvent”
By Tyler Durden Following the collapse of First Republic last week, the meltdown of three other banks, and the Federal Reserve’s quarter-point increase, making the tenth straight…
Is The Federal Reserve Trying To Cause An Economic Depression?
By Michael Snyder They actually did it. Even though banks are collapsing, the commercial real-estate market is imploding, home sales are plunging, and large companies…
The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008
By Michael Snyder Yes, you read the headline correctly. Collectively, the three big banks that have collapsed in 2023 had more assets than all 25…
Another One Down? First Republic Bank Is Failing, FDIC Likely to Seize Deposits TODAY
By Daisy Luther It was only 6 weeks ago when the nation was briefly paralyzed with concern as we watched three banks go under, with…
The System Is Starting To Unravel At A Pace That Is Absolutely Breathtaking
By Michael Snyder It should have been apparent to everyone that the dark clouds on the horizon would bring a storm, and now rain is…
One Of The Largest Banks In The United States Is On The Verge Of Going Under
By Michael Snyder Is another domino about to fall? Our system was greatly shaken when Silicon Valley Bank and Signature Bank suddenly collapsed, but we…
The Credit Crunch Is Going To Be One Of The Biggest Stories Of The Next 6 Months
By Michael Snyder Right now, financial institutions all over America are getting really tight with their money. That means that less credit will be available…
Dollar’s Destruction and Rollout of CBDC
By Neenah Payne Growing BRICS Spells Imminent End of US Dollar explains that several nations are applying to join or are considering joining the five…
“Magnitude Of Losses And Outflows Is Alarming:” Credit Suisse Hemorrhages $69 Billion In Assets
By Tyler Durden Credit Suisse reported Monday that clients had withdrawn 61.2 billion francs ($69 billion) in the first quarter and that outflows were continuing, highlighting the…
I Had To Find Out If This Was True…
By Michael Snyder It appears that the crisis facing auto dealerships is far more dire than any of us thought. Financial institutions are starting to…
Why Gold Is a Must-Have During a Banking Crisis
By Stefan Gleason There are many reasons to buy and hold physical gold. The lack of counterparty risk, the diversification, and the hedge against inflation…