Economy

PULLING THE PLUG: Another $126 billion pulled by depositors from U.S. banks, Federal Reserve data shows

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This article comes from “citizens.news” Public trust in the American banking system continues to plummet as depositors drained another $126 billion from United States banks during the week ending March 22, according to new data from the private Federal Reserve. The largest outflows occurred at big-boy banks, the top 25 of which lost $90 billion on a […]

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U.S. dollar rapidly losing world reserve currency status; China, Russia (BRICS) to replace it

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This article comes from “citizens.news”  The non-Western world is desperately working to unseat the United States dollar, also known as the Federal Reserve note, from being the chief international reserve currency. Led primarily by Russia and China, efforts to replace the dollar with something else have never been closer to coming to fruition. And once that happens,

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The Banking Crisis: $1.7 Trillion In Unrealized Losses Loom As U.S. Banks Rapidly Bleed Deposits

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From “theeconomiccollapseblog.com” If our banking system can’t find a way to turn things around, our entire economy will soon be in a world of hurt.  When banks get into trouble, they start getting really tight with their money.  That means fewer mortgages, fewer commercial real estate loans, fewer auto loans and fewer credit cards being

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Former Treasury Official Warns: There Will Be “Catastrophic” Consequences U.S. Dollar Loses Status

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From “shtfplan.com” A former treasury official has warned that there will be “catastrophic” consequences if the United States dollar loses its status as the reserve currency. Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley said that if this happens, “there would be a complete implosion of the global

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Going Cashless: EU Is Pushing To Criminalize Use Of Physical Cash

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From “technocracy.news” As Central Banks assert control while making way for their dystopian Central Bank Digital Currencies, governments are moved to criminalize the use of cash. It’s an incremental squeeze, lowering the levels of permitted transactions. The war on cash is global, making it obvious that this is a key part of flipping the world

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Engineered financial coup designed to trigger currency crash and usher in CBDC

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This article comes from “citizens.news” An engineered financial coup will trigger a currency crash and pave the way for a central bank digital currency (CBDC), according to investment banker Catherine Austin Fitts. “They want to be able to control, like turn your money off and on, which they can do in an all-digital system,” she told Del

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Why Fractional Reserve Banking Is behind Bank Failures

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From “mises.org” Drug addicts suffer major withdrawal symptoms when they go cold turkey. In the case of high-tech startups and their banks (like Silicon Valley Bank), the super-low-interest-rate stimulant has been taken away by the drug dealer (the Fed) via interest rate hikes. With cheap credit drying up, firms switched to pulling cash out of

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