Top Economists Sound ALARM: 186 US Banks at the Brink of Total Collapse

Facebook
X
Top Economists Sound ALARM: 186 US Banks at the Brink of Total Collapse

186 US banks are facing a collapse in the wake of the implosion of Silicon Valley Bank, and that number is likely higher, according to top economists per the Wall Street Journal.

The concerning number comes from a recent economic study published earlier this month.

Treasury Secretary Janet Yellen admitted that not all uninsured deposits would be protected if more banks fail, only banks that pose systemic risks.

However, regional banks stand no chance.

From CoinPedia:

The study evaluated individual US banks during the Federal Reserve’s swift rate-hike campaign, assessing asset books and market value losses. These assets – including Treasury notes and mortgage loans – are decreasing in value, and banks are struggling to keep up. This could be the beginning of the end for many financial institutions.

The study also analyzed the banks’ funding percentages, with a focus on funding derived from uninsured depositors, those with accounts holding over $250,000. The findings suggest that if even half of these uninsured depositors were to withdraw their funds rapidly from any of these 186 US banks, even insured depositors might face impairments. This is a ticking time bomb that could spell disaster for the entire banking industry.

However, the 186 US banks facing collapse is a conservative estimate.

War Room host Steve Bannon read some of the report on Friday:

Watch

Last week, Home Depot co-founder Bernie Marcus warned Americans to “wake up” following the collapse of Silicon Valley Bank (SVB).

“I can’t wait for [President Joe] Biden to get on the speech again and talk about how great the economy is and how it’s moving forward and getting stronger by the day,” Marcus told Fox News.

“And this is an indication that whatever he says is not true,” he said.

“And maybe the American people will finally wake up and understand that we’re living in very tough times, that, in fact, that a recession may have already started. Who knows? But it doesn’t look good,” Marcus added.

The Silicon Valley Bank collapse was the second biggest bank failure in U.S. history since the 2008 financial crisis.

Billionaire Hedge Fund boss Bill Ackman echoed Bernie Marcus’s remarks last week warning of a complete economic meltdown.

“Our economy will not function effectively without our community and regional banking system. Therefore, the Federal Deposit Insurance Corporation needs to explicitly guarantee all deposits now. Hours matter,” Ackman warned.

READ MORE: 6 Large Banks to Participate In Pilot ‘Social Credit System’ for ‘Climate Scenario’

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Breaking

Trending

Elon Musk Blisters Kamala Harris on X after Biden Drops Out: 'Imagine 4 Years of This'
Elon Musk Blisters Kamala Harris on X after Biden Drops Out: 'Imagine 4 Years of This'
Tech billionaire Elon Musk responded to Joe Biden’s endorsement of Kamala Harris shortly after...
MTG Demolishes Smug British Reporter from The Times: 'You're DONE!'
MTG Demolishes Smug British Reporter from The Times: 'You're DONE!'
Conservative firebrand Rep. Marjorie Taylor Greene (R-GA) unleashed on a British reporter from The Times...
CNN Data Analyst Sounds Alarm: 'It Will Be Difficult for Kamala Harris to Beat Trump'
CNN Data Analyst Sounds Alarm: 'It Will Be Difficult for Kamala Harris to Beat Trump'
CNN data analyst Harry Enten admitted that the Democrats’ move to replace Joe Biden with Kamala...
Whoopi Goldberg Viciously Mocks Trump's 17-Year-Old Granddaughter's RNC Speech
Whoopi Goldberg Viciously Mocks Trump's 17-Year-Old Granddaughter's RNC Speech
The ‘View’ co-host Whoopi Goldberg delivered a sickening attack on Donald Trump‘s granddaughter,...
Lawmakers Shatter Kim Cheatle's 'Sloped Roof' Excuse after Visiting Trump Assassination Attempt Site
Lawmakers Shatter Kim Cheatle's 'Sloped Roof' Excuse after Visiting Trump Assassination Attempt Site
Secret Service Director Kim Cheatle’s claim that the “sloped roof” at the Butler rally...
MSNBC's Joy Reid Goes FULL Tin Foil Hat, Suggests Trump's Assassination Attempt Was 'Staged'
MSNBC's Joy Reid Goes FULL Tin Foil Hat, Suggests Trump's Assassination Attempt Was 'Staged'
Whackjob Joy Reid floated an unhinged conspiracy theory surrounding the assassination attempt on former...
Tucker Delivers Stunning Speech at RNC: 'The World Is Different' after Trump Assassination Attempt
Tucker Delivers Stunning Speech at RNC: 'The World Is Different' after Trump Assassination Attempt
Former Fox News host Tucker Carlson didn’t hold back during his speech at the Republican National...
Investment Firm That Shorted Trump Media Stock Day before Assassination Attempt Claims It Was a 'Clerical Error'
Investment Firm That Shorted Trump Media Stock Day before Assassination Attempt Claims It Was a 'Clerical Error'
The investment firm that reportedly placed a massive option on the Trump Media & Technology Group...
Trump Calls for Investigation into Biden's Doctors for Lying about President's Health
Trump Calls for Investigation into Biden's Doctors for Lying about President's Health
Republican nominee Donald Trump, who has been sounding the alarm about Joe Biden‘s health for years,...
CNN's Van Jones Admits Support for Trump Like Nothing He's Seen Since Obama 2008
CNN's Van Jones Admits Support for Trump Like Nothing He's Seen Since Obama 2008
CNN‘s Van Jones acknowledged the groundswell of support around Donald Trump at the RNC, recalling...
0
What are your thoughts? Click to commentx
()
x

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.