Free Republic

A new study by Florida Atlantic University believes that 94 separate US banks are facing a significant risk of bank runs. The at risk banks have all reported a 50% or higher ratio of uninsured deposits to total deposits. Basically, they simply do not have the hard currency to shell out in the event of a panic. Banks currently limit cash withdrawals under the pretense of money laundering and security. They will ask all sorts of questions if you even TRY to withdraw your money. They realize we are on the verge of a crisis in banking on a global...

Unravels the Roths-child family's history. Delve into the labyrinth of power, wealth, and secrets that have defined one of the most influential banking dynasties in the world. I had to cut out the mention of J3ffrey Epstaln from this video, but you can see them here on my Patreon - / web-of-lies-102158193 Link to transcript below video.

Major U.S. banks including Chase, Bank of America, and Wells Fargo collectively closed more than 30 locations during a two-week period in July, a Daily Mail report revealed. From July 14 to July 28, 33 banks were shut down throughout multiple regions of the country, with Florida being the state with the most closures. Bank of America axed 11 locations, followed by Chase and PNC which closed seven each. Axiom Bank, Capitol, Citizens, Dollar Bank, Lemont, and Zions Bancorporation locations also went down across states including Ohio, Virginia, Texas, and Colorado. Bank of America has become the national bank with...

Home to an estimated 110 billionaires and even more multi-millionaires, Switzerland is in danger of losing a large part of its population. The ultra-rich are preparing to flee the country in fear of a new tax proposal. Yes to the tax The JUSO (The Socialist Youth), under the Social Democratic Party, are determined to impose a law for a 50 per cent inheritance tax on all residents whose assets exceed 50 million francs (€51 million). The Vice President of JUSO, Melanie Rufi stated to the Press that the rich should be held “responsible” for climate change, as they “contribute enormously...

Citigroup, the international banking giant worth over $300 billion, is suffering from a case of cognitive dissonance when it comes to its banking services policies. Citigroup is holding steadfast to its refusal to provide services to firearm businesses that won’t knuckle under to their gun control demands but is standing by its decision to finance actual weapons of war. Citigroup last week urged its Wall Street staff to “keep their cool” when anti-Israel protestors blocked their New York City headquarters building. The protestors took issue with Citigroups’s alleged financial agreement to support Israel’s purchase of fighter jets from the U.S....

July 19 (Reuters) - A global tech outage was disrupting operations across multiple industries on Friday, with airlines halting flights, some broadcasters off air and services from banking to healthcare hit by system problems. While major U.S. airlines - American Airlines (AAL.O), opens new tab, Delta Airlines (DAL.N), opens new tab and United Airlines (UAL.O), opens new tab - grounded flights, other carriers and airports around the world reported delays and disruptions early on Friday. Banks and financial services firms from Australia to India and Germany warned customers of disruptions. In Britain, booking systems used by doctors were offline, multiple...

American Airlines, United and Delta have asked the FAA for global ground stop on all flights, according to an alert from the FAA on Friday morning. The FAA is telling air traffic controllers to tell airborne pilots that airlines are currently experiencing communication issues. Meanwhile, flights in the air will stay in the air, but no American, United or Delta flights will take off....

The Federal Reserve is Running on Empty. ‘What passes for central banking today is really a perverse form of Wall Street-pleasing monetary manipulation. It employs the vocabulary of central banking, but in practice it fundamentally undermines main street prosperity, even as it showers the 1% (the top wealthiest people) with unspeakable financial windfalls. Stated differently, virtually everything the Fed does for the alleged benefit of the American economy is both unnecessary and a ruse. The Fed has actually become a captive of the Wall Street traders, gamblers and high rollers, and functions mainly at their behest. The proof of this...

Curtis Murrah says he’d been a loyal customer with USAA for 28 years — until his wife rang him up one day saying she couldn’t make their mortgage payment because there wasn’t any money in their account. Murrah, who’s based in Georgia, says he took a closer look at his accounts and discovered someone was making deposits in and out of his accounts. “It was like they were playing mind games,” he told News 4 San Antonio. “They would deposit $9,800 then turn right around and withdraw $9,800. They would deposit $4,000, turn right around and withdrew it.” Murrah contacted...

So apparently the US Supreme Court has just given 40 US states the green light to begin issuing their own gold and silver-backed currencies. Quote from the SC decision: “The United States maintains a dual system of banking, made up of parallel federal and state banking systems. That dual system allows privately owned banks to choose whether to obtain a charter from the Federal Government or from a state government.” www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf

Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its Quarterly Banking Profile report, the FDIC says banks are now saddled with more than half a trillion dollars in paper losses on their balance sheets, due largely to exposure to the residential real estate market. Unrealized losses represent the difference between the price banks paid for securities and the current market value of those assets. Although banks can hold securities until they mature without marking them to market on their balance sheets, unrealized losses...

Bitcoin was the star of the white-knuckle ride that cryptocurrencies offered in 2017 but lesser-known names, such as Ripple and Ethereum, are seen gaining prominence in 2018. While bitcoin jumped more than 1,200 percent last year, Ripple, created by the founder of bitcoin exchange Mt Gox, surged 35,000 percent in the same period. That means $100 invested in Ripple in January 2017 would have grown to about $35,000 at the start of this year. To be sure, bitcoin is still the biggest cryptocurrency by far - with market value exceeding $250 billion - and is expected to keep that mantle...

Banking heir and cryptocurrency bigwig Matthew Mellon has died, a representative for his family said in a statement. Mellon, an early backer of global settlement network Ripple, was the ex-husband of Jimmy Choo guru Tamara Mellon and of designer Nicole Hanley, his second wife. A rep said in a statement: “Billionaire Matthew Mellon, 53, died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility. Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion. He is survived by his three children, Force, Olympia and Minty. The family asks that their privacy be respected...

'Legal Nightmare' Feared in Russia Suit Against Bank of New York Mellon May Set RICO Precedent By JULIE SATOW, Staff Reporter of the Sun | June 30, 2008 http://www.nysun.com/business/legal-nightmare-feared-in-russia/80947/ The final stages of a $22.5 billion battle pitting the Bank of New York Mellon against the Russian Federation will begin today in a Russian court. Stephen Chernin/Getty A December 2006 picture of a Bank of New York branch just before the bank acquired Mellon Financial Corp. The decision in the money laundering suit, which may be handed down as early as this week, could set a precedent for the global...

epublic First Bank, a Pennsylvania-based financial institution, has collapsed, with the FDIC covering customers’ deposits by transferring them to Fulton Bank after an agreement was reached with the federal agency. This is the first major bank collapse this year, following five that occurred in 2023, as the high-interest rate environment destabilized the balance sheets of major financial players. When Silicon Valley Bank (SVB)collapsed in spring 2023, many economists warned that more could follow—and they did. Signature Bank, First Republic Bank, Heartland Tri-State Bank, and Citizens Bank collapsed in the succeeding months, a sign of instability as the Federal Reserve’s monetary...

U.S. regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers. The Philadelphia-based bank, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department of Banking and Securities. The FDIC, appointed as a receiver, said Fulton Bank, a unit of Fulton Financial Corp, will assume substantially all deposits and purchase all the assets of Republic Bank to "protect depositors". Republic Bank had about $6 billion in total assets...

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp. said Friday, underscoring the challenges facing regional banks a year after the collapse of three peers. The Philadelphia-based bank, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department of Banking and Securities. The FDIC, appointed as a receiver, said Fulton Bank, a unit of Fulton Financial, will assume substantially all deposits and purchase all the assets of Republic Bank to “protect depositors.” Republic Bank had about $6 billion in total assets and $4...

John Eastman, once an attorney for former President Donald Trump, was de-banked twice in the span of several months by two prominent financial institutions, Bank of America and USAA, he told the Daily Caller. His accounts were closed as he faced substantial backlash for his work advising Trump around the time of the 2020 election.

-A year after Silicon Valley Bank's failure, less than half of U.S. banks have established borrowing capacity by pledging collateral at the Federal Reserve's emergency lending facility, according to Fed data released on Friday. That's despite a crescendo of calls from financial regulators for banks to make sure they can access the Fed's discount window quickly if trouble arises. But the data also showed some real progress, with an increase in the number of banks signing up and a jump in the amount of total collateral pledged. SVB's inability to access the window in March of last year in the...

“Banking is slightly illegal,” says world-renowned economist Richard Werner, who is leading the charge against CBDCs. In this episode of "The Glenn Beck Podcast," Richard teaches Glenn that “banks don’t take deposits, and banks don’t lend money.” That begs the question, “What do banks actually do?” This discussion may make you realize that all you think you know about money is wrong. That’s not all we don’t know about the economy. We also have no clue which banks make up the Federal Reserve, who created Bitcoin, or the real relationship between inflation and interest rates. But we do know that...