But I thought the 'STRESS TESTS' Were Protecting Us... Plus Financial News
EXPOSED: Your Bank Is BANKRUPT! – This May Cause A Bank Run!
Every major bank and credit union and the truth is truly shocking (if you don’t study this kind of stuff on a daily basis). The fact is, they’re all bankrupt. Totally insolvent. Not even going into their derivative exposure, their cash to deposit ratio is alarmingly low, and by low we mean likely 0.20 to 5% covered.
the bank run and collapse of ABLV in Latvia which just got bailed out. Their cash to deposit ratio was 13%. Compared to most of the big banks, they were doing well!
Here are some examples…
JP Morgan:
98.26% of deposits are not covered. So they cover about 1.74%.
Wells Fargo:
98.41% of their deposits are not covered. So about 1.59% is covered with cash on hand.
Goldman Sachs:
98.76% of their deposits are not covered. So about 1.24% is covered by cash on hand.
Alpha Bank in Greece:
99.48% of their deposits are covered. 0.52% is covered by cash on hand.
Then looking at some of the credit unions…
Assiniboine Credit Union in Canada:
97.53% of deposits are covered. 2.47% covered by cash on hand.
Cambrian Credit Union in Canada is astounding:
99.84% of deposits are not covered! 0.16% is covered by cash on hand!
the banking system is insolvent!
Source: investmentwatchblog.com
Meet The 'Man' Who Crashed Bitcoin In 2018 - So 'not a bubble after all'.
https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash
Rosenberg: Everything Today Is Eerily Similar To 1987
https://www.zerohedge.com/news/2018-03-08/rosenberg-everything-today-eerily-similar-1987?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
I Thought We Were In An Economic Recovery... What Economic Recovery? Half Of U.S. Companies Are Losing Money
https://www.zerohedge.com/news/2018-03-07/what-economic-recovery-half-us-companies-are-losing-money?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
After Record Debt-Fuelled Splurge, US Credit Card Usage Post Sharp Slowdown
https://www.zerohedge.com/news/2018-03-07/after-record-debt-fuelled-splurge-us-credit-card-usage-post-sharp-slowdown?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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