Posted on 08/30/2024 7:14:14 AM PDT by delta7
Commercial real estate loans in large metropolitan areas. Since the covid scare, more companies are involved in working from someplace else than an office.
Failed Bank List
This list includes banks, which have failed since October 1, 2000.
https://www.fdic.gov/bank-failures/failed-bank-list
See post #40
I’ve been learning of this impending crisis by a real estate investor on youtube named “The Economic Ninja” Also as “The Real Estate Ninja”
Is Your Bank Account Insured By The FDIC (Warning Leaked Tape)
https://m.youtube.com/watch?v=LrUId8JMkno&pp=ygUOZWNvbm9taWMgbmluamE%3D
I agree that there is a lot of risk in those loans, but that has nothing to do with the main point the article is making about risks associated with “uninsured deposits.”
The Shocking Truth About the FDIC and Your Bank Deposits
Lena Petrova also has some good insight on the fdic:
Are Your BANK DEPOSITS FDIC Insured? | FDIC Insurance Explained
‘
https://m.youtube.com/watch?v=yWxpyrtKujM
Study Finds 75 Percent of U.S. Banks Didn’t Hedge Interest Rate Risk; Unrealized Losses on Securities $516 Billion at End of First Quarter
Mine asks that for withdraws of over a thousand dollars that you give them advance notice so they can have it ready for you but I have gone in and asked for four thousand and gotten it.
No way it should be a "few days" and they do not have anything to "decide".
Now if your money is in a money market account that can be another thing.
But just for checking or savings account withdraw it should not be a problem.
I can’t help but wonder if this crisis which is pretty much guaranteed, has been on hold for now for the following reason....
What if the plan is to keep the current economy on life support in order to keep the banking industry afloat until after January 20 2025? What if the plan by deep state and the global Marxists, is to surrender the presidential election to Trump knowing the orchestrated crash is about to happen, and then after he assumes office they trigger the event?
Knowing they will blame this on Trump, would they then seek to impeach him?
They want to replace the presently unpacked fiat currency with a cashless form of currency. And those of us who have studied Biblical prophecy know and understand where this is heading.
If I recall, recently Jamie Diamond and Warren Buffet have been bailing on hundreds of millions of dollars worth of big bank stock shares.
Jamie Dimon Dumps Billions Of JPM JP Morgan Stock As Banks Burn
https://m.youtube.com/watch?v=bTKH7CooByU&pp=ygUZcmVhbCBlc3RhdGUgbmluamEgY2hhbm5lbA%3D%3D
Part 2 Jamie Dimon Selling JPM Stock As Banks Crash
The $5k withdrawal might also trigger a SAR. If it is a recurring monthly practice for her, maybe not. A one-off, it should.
‘epic bank failures’
Lena Petrova
BANK FAILURES: $517 Billion in Unrealized Losses, $9.3 Billion in Bad Loans Will Spark a Crisis
https://m.youtube.com/watch?v=YUbzv8r_88Y&pp=ygUabGVuYSBwZXRyb3ZhIGJhbmsgZmFpbHVyZXM%3D
If you can't get it out of an ATM, it may be large. Certainly $5k and above would trigger a SAR in most cases.
"Truist Bank's daily ATM withdrawal limit depends on the type of checking account a customer has: Truist One Checking: The daily limit is $500 Other checking accounts: The daily limit is $2,500"
The $2500 number surprises me.
They're not interesting in the dollar as a store of value over the long term. They're interested in the value of the dollar as a medium of exchange today and for the future.
You've got the U.S. Treasury lending money at ridiculously low interest rates even while the country is $35T in debt. Who wouldn't consider that a huge success?
Many other nations have already bailed on the U.S. dollar because they see it as a disaster in the near future.
In 1971 the dollar was removed “temporarily” from being backed by gold. But it never returned as Nixon himself believed it would. Since then the dollar was essentially an un backed fiat currency.
Meanwhile other nations are dumping the dollar and buying up gold reserves.
The problem there is that anyone bailing on the U.S. dollar is still going to have to replace it with something else. And the U.S. dollar is pretty strong today relative to most other stable currencies.
Wife routinely electronically transfers $1K from her Truist account to our BOA account...
Primarily because the service in the Truist bank (formerly Sun Trust) is so abysmal...
We then go to BOA and withdraw $2k for our MGM (National Harbor) visit, with absolutely no problems...
My question is: After getting bailed out, did those high-flying executives at Silicon Valley Bank and Signature Bank get canned for unsound bank management? Or are they still pulling down hefty salaries and bonuses?
Big-shots getting fired is what’s needed to stop banks from getting at risk.
Me, for one.
Crowing about having rapidly currency is a misplaced assessment and is only possible because it remains the most used reserve currency...for a while longer.
Sorry, “...rapidly devaluing currency...”
Not so much rapid, I suppose, but constant devaluing, with no end in sight.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.