Posted on 03/14/2023 7:59:25 AM PDT by Oldeconomybuyer
Moody's Investors Services, a credit rating system, put several banks on review for a potential downgrade following the collapse of Silicon Valley Bank (SVB).
The Federal Deposit Insurance Corporation (FDIC) announced the closure of Silicon Valley Bank on Friday amid a run on the bank, a move that raised concerns about the potential of future bank collapses.
Following that collapse, Moody's placed First Republic Bank (FRC), Zions (ZION), Western Alliance (WAL), Comerica (CMA), UMB Financial (UMBF) and Intrust Financial on review, meaning the banks are now perceived as more risky investments by lenders.
(Excerpt) Read more at foxbusiness.com ...
“ Print. Print your way to prosperity!”
I’m going to my game closet…it’s all Monopoly money now, baby.
US Petro dollar is caput. Everyone is moving away from not only the US dollar, but also in relations too. Nobody trusts the US bullies any longer except their own little NATO club of battered wives who love to have their pipelines blown up and dare not say anything.
Zimbabwe photo caption....
“So I bringing cash all this way but return trip will only carry my wonderful carton of cigarettes. Still a good day.”
So, what’s next?? Raid all of our accounts in banks and savings?? The GovMint is in deep dodoo and needs our money for their spending sprees!!!
Well, not only that, but the money is locked up as it loses value to inflation at a rapid rate.
Some of those are real names.
You will own nothing and be happy.
A ripple effect indeed.
These bank failures will speed up their CBDC type designs on our financial system.
Then, if you do or say anything they don't like or vote in the wrong way, they can shut off your access to your money with a keystroke.
[All part of the plan.]
More than likely.
Though I believe the plan actually is:
“Build Beijing Back Better”
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