Money

You Will Be Shocked By How Much Money Is Being Pulled Out Of U.S. Banks, And Now The Biggest Bank In Germany Is In Trouble

A trillion dollars is a lot of money.  If you stacked a billion dollar bills on top of one another, the pile would be 67.9 miles high, but if you stacked a trillion dollar bills on top of one another the pile would be 67,866 miles high.  And if you lined up a trillion dollar bills end to end, the line of dollar bills would be a staggering 96,906,656 miles long.  That is longer than the distance from the Earth to the Sun.  A trillion dollars is such a vast amount of money that it is truly difficult to comprehend, but as you will see below, that much money has already been pulled out of “vulnerable” U.S. banks over the past year.  Hordes of small and mid-size banks are now in trouble, and that is really bad news because those institutions issue most of the mortgages, auto loans and credit cards that our economy runs on.  The other day, I asked my readers to “imagine what our country will look like if the banking system implodes and the economy plunges into a depression”, because if our banks continue to collapse that is precisely where we are headed.

Unfortunately, the recent banking panic has greatly accelerated matters.  In fact, a whopping 98.4 billion dollars was pulled out of U.S. banks during the week ending March 15th…

The readout, released shortly after the market closed Friday, came around the same time as new Fed data showed that bank customers collectively pulled $98.4 billion from accounts for the week ended March 15.

That would have covered the period when the sudden failures of Silicon Valley Bank and Signature Bank rocked the industry.

Just think about that.

Nearly 100 billion dollars in deposits evaporated in just one week.

And it turns out that small banks were being hit the hardest.  Unsurprisingly, big banks actually saw enormous inflows…

Data show that the bulk of the money came from small banks. Large institutions saw deposits increase by $67 billion, while smaller banks saw outflows of $120 billion.

That article didn’t give numbers for mid-size banks, but it appears likely that they experienced large outflows as well.

Overall, JPMorgan Chase is telling us that the “most vulnerable” banks in this country have “lost a total of about $1 trillion in deposits since last year”…

JPMorgan Chase & Co analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion in deposits since last year, with half of the outflows occurring in March following the collapse of Silicon Valley Bank.

This really is a “banking meltdown”, and it has been going on for quite some time.

And as Bill Ackman has aptly noted, if something is not done our small and mid-size banks are headed for disaster.

There are more than 4,000 banks in the United States right now, and the vast majority of them are rapidly losing deposits.

As a result, U.S. banks are being forced to turn to the Fed for help at a very frightening rate…

Banks have been flocking to emergency lending facilities set up after the failures of SVB and Signature. Data released Thursday showed that institutions took a daily average of $116.1 billion of loans from the central bank’s discount window, the highest since the financial crisis, and have taken out $53.7 billion from the Bank Term Funding Program.

Meanwhile, the banking crisis in Europe has taken another very alarming turn.

On Friday, shares of Deutsche Bank plunged due to renewed concern about the stability of Germany’s biggest bank…

Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability of European banks persisted.

The Frankfurt-listed stock was down 14% at one point during the session but trimmed losses to close 8.6% lower on Friday afternoon.

The German lender’s Frankfurt-listed shares retreated for a third consecutive day and have now lost more than a fifth of their value so far this month.

It will be interesting to see if Credit Suisse or Deutsche Bank ends up going under first.

Of course the politicians continue to tell us that everything is just fine.

In fact, German Chancellor Olaf Scholz is insisting that there is “no reason to be concerned”…

German Chancellor Olaf Scholz said Friday that there was “no reason to be concerned” about Deutsche Bank.

“It’s a very profitable bank,” he told reporters in Brussels, where EU leaders issued a joint statement describing the European banking system as “resilient, with strong capital and liquidity positions.”

Deutsche Bank declined to comment.

Once upon a time we were told that Lehman Brothers would be just fine.

And earlier this month we were told that Silicon Valley Bank would be just fine.

As Robin Williams once observed, these banks love to make excuses.

But it isn’t just a few isolated banks that are in trouble these days.

Right now the entire system is coming apart at the seams, and Steve Quayle is warning that things “will really kick into high gear in April”…

The word collapse is a great word, and the other word that comes with collapse is calamity. With the collapse and calamity under way, people think, well, as long as it doesn’t touch me, I’ll be okay or I’ll be dead, and my kids will have to deal with it. What a selfish way to deal with the Biblical times we live in. I think we are in big trouble with this banking situation that will really kick into high gear in April.

You may not have much sympathy for the banks, and I understand that.

But what is going to happen to our economy when the flow of mortgages, auto loans and credit cards is greatly restricted?

Our country is already being torn to shreds like a 20 dollar suit, and economic conditions are still relatively stable.

So what is going to happen when we do fall into a very deep economic depression?

These are such perilous times, and they are only going to get more difficult in the months ahead.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have also started a brand new Substack newsletter, and I encourage you to subscribe so that you won’t miss any of the latest updates.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

“The Banks Are Melting”, And Signs Of A Major Credit Contraction Are Already Starting To Emerge

When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air.  A major credit contraction would be a nightmare scenario for the economy, and as you will see below, there is evidence that this is already starting to happen.  Hopefully our leaders can find a way to calm things down, because we all remember what happened during the last financial crisis.  Banks decided to substantially tighten their lending standards and that really deepened the economic downturn.  So our leaders should be doing what they can to support the stability of the system, but in so many cases they end up doing just the opposite.

For example, on Wednesday U.S. Treasury Secretary Janet Yellen publicly admitted that blanket coverage of all uninsured deposits in U.S. banks is not even under consideration…

In response to a direct question about whether the Treasury would circumvent Congress to insure all deposits, Yellen replied, “I have not considered or discussed anything having to do with blanket insurance or guarantees of all deposits.”

When she made this statement, she poured even more lighter fluid on small and mid-size banks all over the country.

Wealthy individuals and large companies have already been pulling billions of dollars out of such banks, and a lot more money will inevitably be pulled out in the days ahead.

Now that these banks are bleeding deposits at an unprecedented rate, what do you think their approach to lending will be?

Needless to say, they are going to be extremely averse to taking risks at this point.

And that means that lending standards are going to be getting a lot tighter.

In response to a tweet in which Joe Biden touted the accomplishments of his administration, Elon Musk warned that “the banks are melting”.

Musk is quite correct.

Our banks are definitely in the process of melting, and hundreds of them could soon be in very serious jeopardy.

And just to make sure that hordes of banks will soon be teetering on the brink of disaster, the Federal Reserve hiked interest rates once again this week.

As CNN’s Richard Quest has pointed out, our banks “are stuffed to the gills with these government bonds”, and every time rates go up those bonds become even less valuable…

Quest said, “Now, if inflation was your goal and your number one target, then you’d have gone 50 [basis points]. But, obviously, the overriding concern today is the banking sector. And remember, Zain, the problem with the banking sector is that all the banks are stuffed to the gills with these government bonds. Raise the interest rate, and the bond becomes less valuable. So, even today’s action at 0.25% makes things that little bit worse for the banks.”

Later, he added, “More banks are going to go out of business. More state and regional banks in the United States will need to be resolved — to use the technical phrase — they’ll be taken over, they’ll be wound up, they’ll be taken into ownership, all sorts of things.”

So is there evidence that all of this banking turmoil is starting to directly affect the behavior of U.S. consumers?

Well, it appears that credit card transactions are already starting to tumble quite dramatically…

As Citi’s Paul Lejuez writes in the latest “Citi’s Credit Card Insights” report (available to professional subs), the bank’s credit card data for the 16 sub-sectors it tracks show that total spending in March wk 3 (ended 3/18/23) decreased 10.3%, a big deceleration vs March wk 2 (-6.8%), and driven by a high-single digit decline in transactions. Ex-Food, spending decreased even more, tumbling by 13.0% vs -8.1% in March wk 2.

As Lejuez notes, “This was the first week of data following the disruption within the financial sector, and we were curious if it might have had an impact on the consumer. It sure did” and as Citi goes on to note, the third week of March, and the first week after America’s regional banks imploded, “was the biggest decline in total retail spending we have seen since the pandemic began (April 2020).”

As economic activity slows down, companies all over the nation will be forced to slash payrolls.

We have already been witnessing a tsunami of layoffs in recent months, and it appears that this tsunami is gathering even more momentum.

For example, Walmart has just announced that it will be giving the axe to hundreds of e-commerce fulfillment workers…

Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations, a spokesperson confirmed to Reuters.

About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania were let go due to a reduction or elimination in evening and weekend shifts, the spokesperson said.

And Accenture just announced that it will be laying off a whopping 19,000 workers worldwide in the months ahead…

Professional services company Accenture plans to cut 19,000 jobs worldwide over the next 18 months in order to trim costs amid the tumultuous economic environment.

Most of the cuts will impact those working in the company’s non-billable corporate roles, Accenture said in a Thursday filing with the Securities and Exchange Commission (SEC).

Even Disney is being forced to slim down.  In fact, we are being told that the coming wave of Disney layoffs in April will be a “bloodbath”…

With Disney’s April 3 shareholder meeting — a virtual affair this year — less than two weeks away, some clarity is emerging about the company’s plans to reduce staff and cut costs.

Insiders tell Deadline that multiple rounds of cuts are being prepared. The first one is being targeted for late March, likely next week, we hear. (March 30 or March 31 have been floated as possible dates, but that has not been confirmed.) According to sources, there will be a big wave in late April, described as “the big one” or a “bloodbath,” when a large portion of the cuts are expected to come.

Needless to say, this isn’t normal.

We haven’t seen anything like this since 2008, and every month this crisis just seems to escalate even more.

You know that things are bad when one of the largest employment websites in the entire world starts conducting mass layoffs…

Job search platform Indeed announced on Wednesday that it plans to lay off 2,200 employees, or roughly 15% of its staff.

Indeed CEO Chris Hyams said in a letter shared with employees that the cuts come from nearly every team at Indeed and Indeed Flex, noting that the decisions were carefully made with human resources, the legal department, and Diversity, Equity, Inclusion and Belonging teams.

As economic activity slows down, it is inevitable that many more Americans will suddenly lose their jobs.

Just hope that it doesn’t happen to you.

We have been anticipating that a major economic meltdown was coming, and now it is here.

Unfortunately, most Americans still assume that our leaders know exactly what they are doing, but the truth is that way too often they are taking actions that are making our problems even worse.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have also started a brand new Substack newsletter, and I encourage you to subscribe so that you won’t miss any of the latest updates.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Are They Actually Trying To Crash The Economy On Purpose?

They actually did it.  The Federal Reserve just raised interest rates by another 25 basis points right in the middle of a major banking crisis.  I honestly do not understand what Fed officials are thinking.  They had already blown a 620 billion dollar black hole in the balance sheets of U.S. banks by raising rates so aggressively, and that resulted in the second and third largest bank failures in U.S. history earlier this month.  Apparently they are not yet satisfied with the carnage that they have caused, and so they have decided to make things even worse.  What we are witnessing is either extreme incompetence of epic proportions, or they are trying to crash the economy on purpose.  I am sitting here trying to think of a third alternative, but so far I am coming up blank.

Fed officials can see exactly what their reckless rate hikes are doing to the system, but they are pressing forward anyway.  Wednesday’s rate hike was “the ninth consecutive rate increase”…

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, forging ahead with its fight against stubborn inflation despite a spate of bank failures and a growing crisis within the financial sector.

The unanimous decision puts the key benchmark federal funds rate at a range of 4.75% to 5%, the highest since 2007, from near zero just one year ago. It marks the ninth consecutive rate increase aimed at combating high inflation.

The fact that it was a “unanimous decision” should greatly alarm all of us.

Isn’t there a single voice of reason left at the Fed?

The last time the Fed raised rates like this was just before the financial crisis of 2008.

And we all remember what that did to our banking system.

But the Fed insists that this time is different.  In fact, we were just told that our banking system “is sound and resilient”…

“The U.S. banking system is sound and resilient,” the Fed said. “Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains highly attentive to inflation risks.”

Of course banks don’t tighten the flow of credit when things are good.

They tighten the flow of credit when they get into trouble.

And it appears that another major U.S. bank is now exhibiting signs of distress…

Shares of regional bank PacWest Bancorp dropped Wednesday after the company disclosed it had shed more than $6 billion in deposits during the recent squeeze on midsized banks, though PacWest said it did not plan to raise more capital.

The bank said in a press release Wednesday that it had $27.1 billion in deposits as of March 20, which is down from $33.9 billion at the end of December and from $33.2 billion on March 9. The change appears to have largely come from venture banking deposits, which accounted for a third of PacWest’s deposits at the end of December and now stand at just 24%.

There are more than 4,000 banks in the United States today, and hundreds of them could end up failing before this crisis is over.

That would mean fewer mortgages for potential homeowners.

That would also mean fewer auto loans, credit cards and debit cards.

Unfortunately, the flow of credit is the lifeblood of our economy, and so we need our banks to be healthy.

But if the Federal Reserve continues to go down this road, bank after bank will be absolutely crushed.

Needless to say, the Fed’s insane policies are also bursting the housing bubble.  At this point, U.S. home prices are down 12.3 percent just since last June…

The national median existing-home price fell 0.2% in February from a year earlier to $363,000, the first year-over-year decline since February 2012, the National Association of Realtors said Tuesday. Median prices are down 12.3% from their record $413,800 in June.

U.S. homeowners have already lost trillions of dollars of home equity, and now the Fed has just poured more fuel on the fire.

It is madness.

It is literally insane for the Federal Reserve to aggressively hike rates as we are plunging into a major economic downturn, but that is precisely what they are doing.

Look, if the long-term economic outlook was positive do you think that Walmart would be closing even more stores?…

Walmart has announced plans to close stores in Hawaii and Minnesota, which join a handful of other stores closing in several states this year.

The retail giant said the decision was made after a review process that determined the impacted stores failed to meet financial expectations, the company told USA TODAY.

Ten stores in Florida, Hawaii, Illinois, Minnesota, New Mexico, Oregon, Washington D.C., and Wisconsin will close by the end of the year, along with two experimental “pickup” locations in Illinois and Arkansas.

Walmart exists to make money.

If there was a chance that those stores could be turned around, Walmart would not be permanently shutting them down.

Sadly, other major retailers are also closing locations all over the nation.

They can see what is coming.

Higher interest rates are already crushing economic activity from coast to coast, and they are battening down the hatches.

The “experts” at the Fed are assuring all of us that they know exactly what they are doing, but the truth is that they have lost control.

As you read this article, wealthy individuals and large companies are pulling uninsured money out of small and mid-size banks all over America.

Many of those small and mid-size banks will soon be in very serious jeopardy, and that will significantly reduce the flow of credit into our economy.

Is this what they want?

Do they really want to see the U.S. economy implode?

Our leaders continue to make mind-numbingly bad decisions, and we are on a course that leads to national suicide.

When will the American people finally wake up?

Sadly, most Americans are still blindly trusting the “experts”, and the “experts” have us on a highway to extreme misery.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

What In The World Is Happening To The Sun?

We could not survive without the giant ball of fire that our planet revolves around, and so the stability of our sun is of the utmost importance.  Unfortunately, it has started to behave very erratically lately.  Scientists are telling us that they think everything is just fine, but the truth is that they don’t really know.  We are witnessing activity that is truly unusual, and I believe that should deeply alarm all of us.  In fact, I am entirely convinced that the behavior of the sun will become a really big story in the years ahead.

Let me give you an example of what I am talking about.

Last month, a portion of the sun’s northern pole actually “broke off” and created a “massive polar vortex”…

The sun has been experiencing bizarre behavior recently – in February, a piece of its northern pole broke off.

A video shows a giant filament of plasma, or electrified gas, shooting out from the sun, separating and then circulating in a ‘massive polar vortex.’

While astronomers are baffled, they speculate the prominence has something to do with the reversal of the sun’s magnetic field that happens once every solar cycle.

The size of this polar vortex was absolutely astounding.

It is being reported that it was 74,500 miles high and “14 times larger than Earth”…

The incredible moment a colossal ‘solar tornado’ that is 14 times larger than Earth swirls on the sun’s surface has been captured by NASA in a new video.

The twister, composed of plasma and heat, measured more than 74,500 miles high and moved up to 310,000 miles per hour.

Is this behavior normal?

Scientists don’t really know, because they have never seen anything quite like this before.

A few weeks later, we witnessed an absolutely colossal coronal mass ejection that traveled away from the sun at a speed of “at least 3,000 kilometers per second”…

Late on Monday, March 13, the Sun blasted out a coronal mass ejection (CME) traveling at at least 3,000 kilometers per second (6,700,000 miles per hour), possibly the fastest ever recorded. The expelled particles reached the Earth’s orbit in less than a day. Had they hit the Earth, the results could have been catastrophic, but fortunately the CME was directed almost directly opposite. However, the explosion is a reminder the next time we may not be so lucky.

Wow.

This coronal mass ejection was so powerful that NASA actually classified it as “an R, for rare”.

The good news is that this eruption happened on the far side of the sun…

“Even though the CME erupted from the opposite side of the Sun, its impacts were felt at Earth,” NASA said. “As CMEs blast through space, they create a shockwave that can accelerate particles along the CME’s path to incredible speeds, much the way surfers are pushed along by an incoming ocean wave.”

If the Earth had been facing the coronal mass ejection, it could have potentially caused another “Carrington Event”…

The potentially “catastrophic” CME has been compared to the Carrington Event, the most intense geomagnetic storm in recorded history, peaking from September 1 to 2, 1859.

That event knocked out the ‘internet’ of the time, with telegraph systems all over Europe and North America failing.

In some cases, operators received electric shocks and telegraph pylons threw sparks.

NASA previously said a similar storm today could have a “catastrophic effect on modern power grids and telecommunication networks.”

If you have been following my work for years, then you already know that I have been warning about such a catastrophe for ages.

Scientists assure us that it is just a matter of time before our planet experiences another “Carrington Event”, and such a disaster could literally fry electronics all over the globe.

Just imagine what society would look like if the power grid was destroyed and there was suddenly no Internet for anyone.

Can you imagine the complete and utter chaos that would create?

The “near miss” that we just experienced should have made major headlines all over the world, but instead it only made a minor blip in the news cycle.

But someday we will take a direct hit, and in that moment everything will change.

Before I end this article, there are two other items of astronomical interest that I wanted to mention.

Firstly, I found it to be quite interesting that scientists have discovered that the deep interior of our planet is “wickedly hot”…

Researchers on Tuesday said an intensive study of Earth’s deep interior, based on the behavior of seismic waves from large earthquakes, confirmed the existence of a distinct structure inside our planet’s inner core – a wickedly hot innermost solid ball of iron and nickel about 800 miles (1,350 km) wide.

Secondly, we are being told that an asteroid that is approximately 200 feet long will fly past our planet at about “half the distance from the surface of the planet to the moon” on Saturday…

Astronomy fanatics may be in for a treat this Saturday as an estimated 200-foot asteroid is expected to “zip” past Earth in about half the distance from the surface of the planet to the moon, according to a report.

EarthSky.org, a website that specializes in science-based reporting about the cosmos reported that asteroid 2023 DZ2 will make its closest approach to Earth on March 25 at about 3:52 p.m. EDT at a speed of 17,403 miles per hour.

That is actually a very close call.

Thankfully, this one is not going to hit us.

But if you have read my books, then you already know why I keep a very close eye on any asteroids that are potential threats.

We live at a time when very strange things are happening above our heads.

The clock is ticking, and one of these days our luck is going to run out.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The Global Banking System Is Truly In Uncharted Territory, And They Are Making Up The Rules As They Go Along

Fear is in the air.  In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that their money is safe.  But there are very few places in our financial system that are truly “safe” at this point.  The cryptocurrency industry has already experienced an absolutely disastrous crash, collapsing bond prices have blown a 620 billion dollar black hole in bank balance sheets, residential real estate prices have started to plummet, and now the largest commercial real estate crisis in the entire history of the United States is looming.  The good news is that stock prices are holding steady for now, but that can only last for so long.  Just like we witnessed in 2008, a major banking crisis will inevitably hit the stock market really hard.

I wish that it wasn’t true, but without the banks we don’t have an economy.

And right now we are “in the midst of a nationwide banking crisis not seen since The Great Recession”…

Americans are in the midst of a nationwide banking crisis not seen since The Great Recession, leading many to wonder if the country’s current woes are as dire as they were back in 2008.

The frightening saga has transpired over the course of just two weeks, and has spurred the demise of now four major banks – Silvergate, Silicon Valley Bank, Signature, and, most recently, major global lender Credit Suisse.

But even though our leaders have had 15 years to figure things out since the last financial crisis, their response to this new crisis has been a complete flop so far.

Despite already being “rescued”, shares of First Republic fell another 47 percent on Monday…

First Republic saw its shares plummet about 47% during trading on Monday, leading losses among regional banks. The stock – which hovered around $115 per share on March 8 – was trading around $12 per share on Monday, the lowest level in a decade and down about 87% from just one month ago.

This wasn’t supposed to happen.

When the biggest banks in America poured 30 billion dollars into the troubled institution that was supposed to be the end of it…

The prolonged slump came amid fears First Republic may need to raise more funds despite an unprecedented $30 billion rescue deal announced last week by some of the nation’s biggest banks.

As part of the deal, JPMorgan Chase, Citigroup, Bank of America and Wells Fargo will each contribute $5 billion; Goldman Sachs and Morgan Stanley will deposit about $2.5 billion each, according to a news release from the banks. Truist, PNC, U.S. Bancorp, State Street and Bank of New York Mellon will kick in about $1 billion apiece.

But that obviously didn’t work, and so now JPMorgan Chase and the other big banks are working on a new “solution”…

The Wall Street Journal reported earlier that JPMorgan and its CEO, Jamie Dimon, were working with others in the industry on a solution for the bank, whose shares are down 87% this month.

The sad truth is that they don’t know how to handle what we are facing, and so they are just making things up as they go along.

Of course the same thing is happening over in Europe.

Shares of Credit Suisse are down 67 percent over the past month, and in recent days a purchase of the bank by UBS was hastily arranged.

Unfortunately for those that were holding “additional tier-one bonds”, the value of those securities “will be written to zero as part of the deal”…

One section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion) become worthless.

The Swiss regulator FINMA announced Sunday that the so-called additional tier-one bonds, which are widely regarded as relatively risky investments, will be written to zero as part of the deal.

This isn’t what those bondholders were anticipating.

Normally, shareholders are subordinate to bondholders, but in this case shareholders will get paid while AT1 bondholders literally get nothing…

The move has angered Credit Suisse AT1 bondholders as their investments have seemingly been lost, while shareholders will receive payouts as part of the takeover. Usually, equity investments would be classed as secondary to AT1 bonds.

Therefore, the decision “can be interpreted as an effective subordination of AT1 bondholders to shareholders,” Goldman Sachs’ credit strategists said in a research note published Sunday.

They just changed the rules of the game on the fly, and as a result the entire market for AT1 bonds is crashing like a house of cards…

Not surprisingly, this morning the entire universe of riskiest bonds of European lenders – those in the AT1 tier – plunged after UBS agreed to buy the bank in a historic, government-enforced deal aimed at containing a crisis of confidence that had started to spread across global financial markets. It was the biggest loss yet for Europe’s AT1 market, which was created after the financial crisis to ensure losses would be borne by investors not taxpayers.

The financial world is supposed to operate based on a very predictable set of rules.

But if authorities are just going to make things up whenever a new crisis erupts, that is only going to create even more fear.

As I discussed yesterday, one recent report determined that there are 186 more banks in the United States that are “at risk of failure”.

So if the failure of a couple of banks has already caused so much drama, can you imagine what conditions will be like if dozens more start going belly up?

I would encourage everyone to do whatever you need to do to get prepared for the chaos that is coming, and that includes putting your money in places that are relatively safe.

Unfortunately, the list of safe places to put your money is getting narrower with each passing day.

Cryptocurrencies have already crashed, corporate bonds are clearly a danger, government bonds have lost value, real estate is a huge gamble, and anyone that has more than $250,000 in a single bank in this environment is not being wise at all.

We really are in uncharted territory, and things are only going to get crazier from here.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

186 More Banks “Are At Risk Of Failure”, And That Could Push Us Into The Next Great Depression

They are desperately trying to plug one leak in the system after another, but what happens if the entire system suddenly comes crashing down all around them?  Back on January 4th, I specifically warned that our problems would “greatly accelerate over the next 12 months”, and that is precisely what has happened.  We are now in the midst of the most severe banking crisis since 2008, and it could soon get a whole lot worse.  We have already witnessed the second and third largest bank failures in the entire history of our nation, and now it is being reported that 186 more banks “are at risk of failure”…

On the heels of Silicon Valley Bank’s collapse earlier this month, 186 more banks are at risk of failure even if only half of their depositors decide to withdraw their funds, a new study has found.

That is because the Federal Reserve’s aggressive interest rate hikes to tamp down inflation have eroded the value of bank assets such as government bonds and mortgage-backed securities.

“The recent declines in bank asset values very significantly increased the fragility of the U.S. banking system to uninsured depositor runs,” economists wrote in a recent paper published on the Social Science Research Network.

Needless to say, these banks realize that they are in jeopardy, and a coalition of mid-size banks is literally begging federal regulators to cover all uninsured deposits for at least the next two years…

A coalition of midsize US banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

“Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” the Mid-Size Bank Coalition of America said in a letter to regulators seen by Bloomberg News.

If federal regulators don’t do this, vast amounts of money will continue to be transferred from small and mid-size banks to the “too big to fail” banks.

But I’ll tell you why such a move is not likely to happen right now.

If every bank account in America is suddenly fully guaranteed by the federal government, there will be a giant sucking sound as wealthy individuals pull their money out of European banks where large balances are not fully insured.

The European banking system is already teetering on the brink of collapse.  In fact, we just learned that UBS has just agreed to an emergency purchase of Credit Suisse…

Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.

“UBS today announced the takeover of Credit Suisse,” the Swiss National Bank said in a statement. It said the rescue would “secure financial stability and protect the Swiss economy.”

UBS is paying 3 billion Swiss francs ($3.25 billion) for Credit Suisse, about 60% less than the bank was worth when markets closed on Friday. Credit Suisse shareholders will be largely wiped out, receiving the equivalent of just 0.76 Swiss francs in UBS shares for stock that was worth 1.86 Swiss francs on Friday.

So to protect foreign banks, small and mid-size banks in the U.S. will be allowed to fail.

But if large numbers of small and mid-size banks start failing, this country will rapidly plunge into an economic nightmare.

On Saturday, Zero Hedge posted one of the greatest tweets that I have seen in a long time…

I couldn’t have said it any better myself.

Our economy runs on mortgages, auto loans, credit cards and debit cards.

If a bank gets into trouble, the flow of credit from that bank is restricted.

And if a bank fails, the flow of credit from that bank completely stops.

If lots of banks start going under in this country, economic activity will shrink substantially and we really will be facing “another great depression”.

At this point, conditions are so dire that Warren Buffett is getting personally involved…

Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.

There have been multiple conversations between Biden’s team and Buffett in the past week, according to people familiar with the matter, who asked not to be identified because the information is private. The calls have centered around Buffett possibly investing in the US regional banking sector in some way, but the billionaire has also given advice and guidance more broadly about the current turmoil.

It appears that far more is going on behind the scenes than we are being told.

Interestingly, lots of private jets were flying in and out of Omaha on Friday…

Hopefully a way can be found to stabilize the banking system, because economic conditions are certainly bad enough already.

Earlier today, I was surprised to learn that Disney is getting ready to conduct a second round of layoffs…

After announcing a plan to slash nearly 7,000 jobs, Disney is reportedly instructing managers to propose budget cuts and put together lists of employees to be laid off in the coming weeks.

It is unclear whether Disney will begin layoffs in small waves or cut thousands of employees all at once, but the company will announce at least 4,000 current employees will be out of work sometime in April, according to Business Insider.

All over America, large companies are letting workers go.

But even though a significant economic downturn has already obviously begun, we are being told that the Federal Reserve is likely to raise interest rates yet again this week…

The Federal Reserve will kick off its meeting with trading expected to be light heading into a decision on interest rates Wednesday.

Despite the market tumult, 62% of investors expect the policymakers to continue hiking rates, which would mark the ninth straight increase. Thirty-eight percent expect no change, according to CME’s FedWatch.

After everything that has transpired over the past couple of weeks, it would literally be suicidal to raise rates again.

But they just might do it anyway.

So many of the things that I have been relentlessly warning about are now starting to transpire right in front of our eyes.

A great financial meltdown has begun, and our leaders seem very unsure about how to handle it.

Unfortunately for them, what we have gone through so far is just the tip of the iceberg.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Janet Yellen Just Poured Lighter Fluid On Every Small Bank In America

What in the world was she thinking?  When a bailout was hastily arranged for uninsured depositors at Silicon Valley Bank and Signature Bank, the implication was that the same thing would be done for uninsured depositors at any other banks that failed.  But now U.S. Treasury Secretary Janet Yellen is telling us that is not actually what will happen.  She just admitted that depositors at a failed bank will only be protected if officials determine that a “failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences”.  So that means that depositors at big banks are likely to be protected and that depositors at small banks are much less likely to be protected.  In other words, Janet Yellen just poured lighter fluid on every small bank in America.

Why would anyone keep more than $250,000 in a small bank at this point when there is a very real risk of losing all of the uninsured money if the bank suddenly fails?

Wealthy people are not stupid.  They are going to move billions of dollars from small banks to large banks in the days ahead, and that is going to cause a tsunami of stress on those small banks.

Does Janet Yellen even understand what she just did?

During congressional testimony on Friday, Senator James Lankford asked Yellen the sort of question that many of us have been hoping that someone would ask…

Republican Sen. James Lankford of Oklahoma pressed Yellen about how widely the uninsured deposit backstops will apply across the banking industry.

“Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now?” asked Lankford. “Will they get the same treatment that SVB just got, or Signature Bank just got?”

Incredibly, Yellen came right out and admitted that uninsured deposits will only be protected under certain circumstances…

Yellen acknowledged they would not.

Uninsured deposits, she said, would only be covered in the event that a “failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences.”

If your bank fails in the days ahead, bureaucrats in Washington will get together and take a vote to determine if the uninsured depositors at your bank are important enough to protect or not.

Needless to say, that means that wealthy individuals with very large balances at very small banks are at great risk.

Senator Lankford clearly understood that Yellen and her fellow bureaucrats have now created a two-tier banking system…

“I’m concerned you’re … encouraging anyone who has a large deposit at a community bank to say, ‘we’re not going to make you whole, but if you go to one of our preferred banks, we will make you whole.’”

If you have not seen the exchange between Lankford and Yellen yet, you can view it here…

We are in so much trouble.

Prior to Yellen’s testimony, banks were already being forced to rely on the discount window at the fastest pace that we have ever seen…

Data published by the Fed showed $152.85 billion in borrowing from the discount window — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week. The prior all-time high was $111 billion reached during the 2008 financial crisis.

The data also showed $11.9 billion in borrowing from the Fed’s new emergency backstop known as the Bank Term Funding Program, which was launched Sunday.

But now this stampede threatens to evolve into an avalanche.

There are more than 4,000 banks in the United States right now, but if our leaders are determined to only protect the biggest institutions we could ultimately see hundreds of them fail.

Unless something changes, I cannot recommend keeping more than $250,000 in any small or mid-size bank.

Of course the vast majority of us do not have to worry about such things, but those that do have lots of money are paying very close attention to what is happening.

In fact, on Friday investors once again pulled lots and lots of money out of banking stocks…

Stocks fell Friday as investors pulled back from positions in First Republic and other bank shares amid lingering concerns over the state of the U.S. banking sector.

The Dow Jones Industrial Average lost 384.57 points, or 1.19%, to close at 31,861.98 points. The S&P 500 slid 1.1% to end at 3,916.64 points, while the Nasdaq Composite was down 0.74% to 11,630.51 points.

First Republic slid around 33% to end the week down nearly 72%.

I had hoped that the banking panic would settle down a little bit after the emergency measures that were instituted.

But now there is a great risk that the panic could escalate significantly.

Many are warning that this crisis could eventually grow to be even worse than the last financial crisis.  For example, Dave Kranzler believes that what we are facing “will be 2008 x five unless the Fed and the other big Central Banks print enough money to monetize the fraud in the banking system”…

I believe what is starting to unfold will be 2008 x five unless the Fed and the other big Central Banks print enough money to monetize the fraud in the banking system. But if the Fed takes that kind of action, the dollar will likely collapse. It may take bigger blow-ups for the Fed to act. In which case, I am confident that Blackrock (BLK), Citigroup (C) and Goldman Sachs (GS), among several others, are at risk.

You may not have any sympathy for the banks.

But a healthy banking system is absolutely critical for our economy as a whole.

For a moment, just imagine what our system would look like if nobody could get a mortgage, an auto loan or a credit card.

Relatively few people pay with cash or checks these days, and that is especially true for major purchases.

If banks start failing, the flow of credit will start drying up, and we will plunge into a full-blown economic nightmare.

So you better hope that our leaders can find a way to prop up our rapidly failing system.

Because economic conditions are already bad enough.  In fact, earlier today we learned that leading economic indicators have now fallen for 11 months in a row.

We are already in the midst of a substantial economic downturn, but if banks start collapsing left and right we will soon find ourselves in an economic horror show.

So I don’t know why Janet Yellen did what she just did.

It is madness.

She just put a target on every single small bank in America, and so now uninsured deposits will likely get pulled out of those banks at a rate that is absolutely breathtaking.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The Big Banks Have Bailed Out First Republic, But Who Is Going To Bail Out The Big Banks When They Start Failing?

Every single day there are more twists and turns to this new banking panic.  In fact, we just learned that the big banks have gotten together to save First Republic.  That is good news, because a collapse of First Republic would have been a major catastrophe.  But First Republic is just one in a very long list of banks that are in very serious jeopardy.  For months, I relentlessly warned that our financial system could not handle higher interest rates.  It was inevitable that financial institutions would start to break, and that is precisely what has happened.    We are in far more trouble than most people realize, and we are still only in the very early chapters of this crisis.

Initially, there were rumors that a buyer was being sought for First Republic, but instead the “too big to fail” banks agreed on a plan to deposit a total of 30 billion dollars into the troubled institution…

A group of financial institutions has agreed to deposit $30 billion in First Republic Bank in what’s meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon.

Bank of America, Wells Fargo, Citigroup and JPMorgan Chase will contribute about $5 billion apiece, while Goldman Sachs and Morgan Stanley will deposit around $2.5 billion, the banks said in a news release. Truist, PNC, U.S. Bancorp, State Street and Bank of New York Mellon will deposit about $1 billion each.

They have all agreed to keep that money in First Republic for at least 120 days, and you can read the joint press release that they issued right here.

Needless to say, executives at First Republic are greatly relieved.  So much money had been pulled out of the bank in recent days, and at one point on Thursday the stock was selling for less than 20 dollars a share…

First Republic’s stock, which closed at $115 per share on March 8, traded below $20 at one point Thursday. The stock was halted repeatedly during the session and rose to $40 per share at one point, up more than 20% on the day.

Did insiders at First Republic know that this was coming?

It is being reported that top executives have sold off a staggering number of shares since the beginning of 2023…

First Republic Bank executives quietly sold nearly $12 million worth of its stock in just the past three months, according to the Wall Street Journal.

Executive Chairman James Herbert II sold the most of any of the other insiders, off-loading a whopping $4.5 million worth of shares since the start of the year.

In all, four of the struggling bank’s top executives sold $11.8 million worth of stock so far this year, at prices averaging just below $130 a share, the Journal found.

As I have always said, you only make money in the stock market if you get out in time.

And those guys got out in time.

So why was First Republic in so much trouble?

Well, just like Silicon Valley Bank and Signature Bank, they were sitting on enormous unrealized losses because the government bonds that they were holding had lost a ton of value thanks to rapidly rising interest rates.

Ultimately, those unrealized losses made a potential purchase of First Republic quite “unappealing” to the “too big to fail” banks…

In the great financial crisis, several struggling banks were bought for cheap by the larger firms in an effort to help calm the banking system. However, the unrealized losses on First Republic’s bond portfolio due to last year’s rapid rise in interest rates have made an acquisition unappealing, the sources said.

The markdown, which would involve the bank’s held-to-maturity bond portfolio, would amount to about a $25 billion hole on First Republic’s balance sheet, sources told Faber.

But the “too big to fail” banks are collectively sitting on hundreds of billions of dollars in unrealized losses themselves.

And they also have trillions of dollars worth of exposure to the derivatives bubble.

So who is going to bail them out when they start failing?

That is a question that we all need to start asking.

And as trouble increasingly shakes our banking sector, that is going to have enormous implications for our economy as a whole…

A fall in bank deposits will lead to less “high-powered” money, i.e. bank reserves, in the system, which means considerably tighter financial conditions than hitherto experienced. That would be the final straw for an economy that was already highly likely to enter a recession as soon as the summer.

In order for our current economic system to function effectively, we need stable banks, and we need people to have faith in those banks.

For the moment, most ordinary Americans say that they still have faith in the institutions where they are currently doing their banking…

Seven in 10 people surveyed said they still have faith in banks. That compares with two-thirds of customers who said they trust banks in February, the Morning Consult survey found.

But the same can’t be said for those at the top of the economic food chain.

In fact, many of them are now transferring vast sums out of their banks while they still can…

Wealthy investors and family offices are moving more of their money out of bank cash balances and into Treasurys, money markets and other short-term instruments, according to wealth advisors.

High net worth investors typically keep millions of dollars or even tens of millions in cash in their bank accounts to cover bills and unexpected expenses. Their balances are often way above the $250,000 FDIC insured limit. Following the collapse of Silicon Valley Bank and potential cracks in the network of regional banks, wealth advisers say many clients are now asking fundamental questions about how and where to keep their cash.

This crisis is just getting started.

Every domino that falls is just going to make things even worse, and ultimately I believe that the entire system is headed for an unprecedented meltdown.

So I would encourage you to do whatever you need to do to protect yourself, because things are only going to get crazier from here.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

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