Federal Government is Pumping Billions into America's Banks to Keep Them Solvent

 

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Introduction:

In a recent interview between TV host Brannon Howse and financial expert Wes Peters, alarming trends in the banking industry and the increasing interest in precious metals as a safe haven investment were discussed. This conversation sheds light on the challenges individuals face with their financial institutions and the need for alternative investment strategies.

The Banking Crisis:

The interview began with a troubling observation: the frequent occurrence of individuals facing issues accessing their own funds in banks. Wes Peters, the financial expert, highlighted how clients have encountered difficulties with wiring money or even cashing checks, often due to vague concerns of fraud. This disturbing trend is becoming more common, raising concerns about the safety of keeping money in banks. Peters pointed out that thanks to the Dodd-Frank bill passed after the 2008 financial crisis, when you deposit your money in a bank, it no longer belongs to you; instead, you become a creditor of the bank.

CBS Los Angeles Exposes the Issue:

The interview referred to a CBS Los Angeles report that showcased the experiences of individuals who suddenly found themselves unable to access their bank accounts without warning. One individual had their account shut down, leaving them without access to their life savings. This incident, along with similar stories, highlights the growing problem of banks freezing accounts without proper explanations or investigations into potential fraud.

Suspicious Activity Reports (SARs):

The conversation delved into the reasons behind these account freezes. Banks often cite suspicious activity as the cause, but the majority of these cases do not reveal any actual fraud. Experts believe that banks are overly cautious due to regulatory pressure, leading to innocent customers being caught in the net alongside potential wrongdoers. Banks file Suspicious Activity Reports (SARs) with regulators, and the number of these reports has been increasing, suggesting heightened scrutiny on banking activities.

The Federal Reserve's Role:

To address the banking crisis, the Federal Reserve introduced the Federal Reserve Bank term funding program, a bailout fund designed to help banks remain solvent. However, the initial allocation of $25 billion has grown substantially to $107.8 billion, indicating the severity of the liquidity issues banks are facing.

The Shift to Precious Metals:

In response to these concerns about the banking system, many individuals are turning to alternative investments, with a particular focus on precious metals. Total bank deposits dropped by over $71.2 billion in just one week, highlighting a growing lack of trust in the banking system. Peters emphasized that people are diversifying into gold and silver, which have historically served as hedges against economic uncertainty.

The De-Dollarization Trend:

Another significant factor contributing to the shift towards precious metals is the global trend of de-dollarization. Several countries, including BRICS nations, are stockpiling gold and encouraging the abandonment of the US dollar in international transactions. Central banks worldwide are increasing their gold reserves, anticipating a decline in the dollar's value. This de-dollarization trend is accelerating, further fueling interest in precious metals.

Conclusion:

The interview with Wes Peters and Brannon Howse highlights the growing concerns over the banking system's stability and the increasing interest in precious metals as a safe and reliable investment option. With the banking crisis persisting and the risk of de-dollarization looming, individuals are seeking ways to protect their wealth. Precious metals offer a tangible asset that can preserve value and serve as a hedge against economic instability, making them a viable option for those looking to secure their financial future in uncertain times.

 

Click here to watch this program now:
https://www.worldviewweekend.com/tv/video/federal-government-pumping-billions-americas-banks-keep-them-solvent

This article is sponsored as a public service of the Worldview Weekend Foundation. Thank you for your contribution to www.wvwfoundation.com so we can continue to offer this FREE service.

You can also send your contribution to:

Worldview Weekend Foundation
P.O. Box 1690
Collierville, TN 38027

Click here and visit www.wvwtvstore.com to order emergency, freeze-dried food that will last 25 years and vital emergency supplies or call 901-468-9357.

For a free, no obligation packet of information on precious metals or putting gold into your IRA please text your name and address to Wes Peters of Swiss America or call him at 602-558-8585. 

This article is sponsored as a public service of the Worldview Weekend Foundation. Thank you for your contribution to www.wvwfoundation.com so we can continue to offer this FREE service.

You can also send your contribution to:

Worldview Weekend Foundation
P.O. Box 1690
Collierville, TN 38027

 

 

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