HAS THE RESET BEGUN?
Effective March 26, 2020, the Federal Reserve Board reduced reserve requirement ratios on all net transaction accounts to zero percent, eliminating reserve requirements for all depository institutions.
In Spring 2023 the Banking Collapse started with smaller regional banks.
In Spring 2024 the next wave of Banking Collapse will continue.
Nov 2023 the CEOs of Bank of America, Wells Fargo, and JP Morgan told Congress they could not go from 0% reserves to be held to a 3% reserve balance.
The current Deposit Loan Ratios mean the banks can not sustain any type of run on the banks. When the people realize what is happening there will be a run on the banks.
Effective March 11, 2024, there will be no more money to loan out and the Fed will pick and choose who gets to loan out money
Congress passed the bail-in provision with the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act which allows banks to confiscate assets. The bail-in relief was legalized in the U.S. following the 2007–2008 financial crisis in which banks deemed “too big to fail” were bailed out by the U.S. government. The specific section of Dodd-Frank that deals with bail-ins is Title II: Orderly Liquidation Authority (OLA).
Who’s exposed?
✅ 401Ks (Retirement Accounts) – currently there are $27T in retirement accounts
✅ People with cash positions in banks will have their money taken.
The banks have already started this by limiting how much money you can take out, transfer on Zelle, or move in general.
What does this mean?
This will be the demise of the middle class leading to a recession and then depression. People will be left with nothing if they do not diversify their cash into paying off loans and buying gold, silver, crypto, or other hard assets.
Potential?
This could keep Trump from winning the White House. In a bank collapse, the government could institute martial law, shut the banks, and ration access to money.
The loss already sustained in 2020 is worse than what happened in 2008. The stock market manipulation coupled with the massive money printing and inflation has done a better job of masking the incoming collapse.
AND COLLAPSE IS COMING
Worldwide markets – Hong Kong, Japan, S&P, Dow – all-time highs – why? Blackrock and Vanguard control trillions in assets and they are manipulating those stocks with sustained earnings and rotating out any stocks that can’t perform and rotating in AI stocks into S&P 500 and other exchanges.
Result:
The stock markets will hang in there, but the banks and the dollar will collapse.
Cryptos are going crazy and will allow purchasing stocks with crypto. As BRICS becomes more online, you are going to see the transfer to asset-backed transactions like the new
@abaxx_exchange will facilitate in #LNG and #batterymetals
What is the hedge against inflation:
With the last month in the crypto market you can’t ignore that crypto, gold, and silver are the hedge against inflation.
Warning:
Keeping all your cash in banks is not a safe or smart play.
Note:
Putin had his take on the U.S. dollar to
https://youtube.com/shorts/cnZPz2AlfQ0
I need your help!
I need subscriptions to monetize my YouTube Channel.
Be sure to my YouTube Channel. Ring that bell and subscribe to my channel!
Click here!!!!
https://www.youtube.com/@MikeHinze
