The recent banking industry collapse of March 2023 is causing great concern across the nation and abroad. When four banks collapse within a month’s time, it leaves Americans in a state of panic and the trickledown impact is significant. Two of the collapsing banks are regional: Silicon Valley Bank in California and Signature Bank in New York. The previous two collapsing banks were cryptocurrency lenders. There is news of many other potential bank failures according to an article by Business Today. They stated, “A new report has found that 186 banks in the US are at risk of failure due to rising interest rates and a high proportion of uninsured deposits.” They indicate their “research does not consider hedging, which may protect many banks against rising interest rates.”
While emergency interventions were introduced to protect bank customers in the case of Silicon Valley Bank and Signature Bank, these failures present grave concern by every US citizen and investors around the world. These events are taking place at a time when the nation is already wading through high inflation, a declining dollar, and a number of geopolitical crises. The most significant threats to our monetary system come from both China and from The Great Reset as planned by the World Economic Forum.
What is the Cause of the Recent Banking Industry Fallout?
The typical contributing factors behind a banking crisis are described as systemic failures that are not anticipated or controllable. The recent regional bank collapses were generally described as due to “heavy losses on bond portfolios and massive runs on deposits.” Whether you believe that is up to you. Other contributing factors in past bank failures include human mismanagement, too much risk, regulatory issues, and consumer reactions that tend to spread like wildfire. These factors are more believable. In the case of the 2023 banking fallout, along with many other US crises, you may begin to wonder if these events are taking place by coincidence or by design.
Banking Industry Complaints and Fines
Interestingly, some of the world’s largest banks are subject to wide-scale complaints followed by massive fines. US News reported that one bank, in only a one-year period, was fined nearly $1.2 billion in settlements and penalties. These fines are usually based on regulatory investigations and litigation by other companies and by individuals. The number of annual complaints on these few banks is a fraction of the nationwide number by thousands of banks: 1) JPMorgan Chase, 8,360 complaints, 2) Wells Fargo, 8,329 complaints, 3) Bank of America, 8,038 complaints, and 4) Citigroup, 6,747 complaints.
How the 2023 Banking Fallout is Different From 2008
In 2008, according to Investopedia, the banking crisis was blamed on abundant subprime mortgages that were sold to secondary market investors (the market in which investors buy and sell securities that they already own). Debt increased as the subprime mortgagors defaulted on loans. Many investment companies and financial institutions that were involved with these mortgages were reliant on government bailouts which in turn resulted in an unstable market with stocks plummeting. The 2008 banking crisis was indeed due to events in the market while the 2023 banking crisis may be the result of total mishandling and/or followers of the new world order that is taking down the country day by day, bit by bit.
What Happens During a Banking Fallout
During a banking industry fallout, the impact is significant. Based on historical financial events, there are three main phases that typically take place: 1) financial system and regulatory failures or mismanagement, 2) a complete breakdown of financial systems between businesses and consumers, and 3) a decrease in the value of assets which increases debit levels. Most small investors and retirees can be certain of what is expected to happen during a nationwide financial devastation:
- Nationwide panic sets in
- Recession and/or or depressions is almost certain
- The stock market crashes
- Credit is limited
- Financial and other bubbles burst
- Currency is vulnerable
- Regional financial impacts are likely to spread globally
While Americans are vulnerable during such a time as a banking fallout, there are investment steps people can take before all of the phases of a banking fallout happen.
What To Do During a National Financial Crisis
While American citizens are at the mercy of government systems during a national financial crisis, there are still many actions citizens and investors alike can take to hedge against inflation. It is the perfect time to review your current asset mix and diversify your financial portfolio. Precious metals are one of the most reliable investments during a financial crisis. The only problem is that everyone buys gold and silver during financial duress, which drives the prices up. It’s not too late to take action:
- Create an asset spreadsheet and list every asset you own
- Meet with an investment advisor and review your financial portfolio
- Add or increase your investment in precious metals (particularly gold and silver)
- Consider a gold or silver IRA as a part of your asset mix
- Keep an eye on the prices of affordable silver and fast-increasing gold
- Buy gold and silver soon as a hedge against inflation while there is availability and before a full recession
Don’t wait another day to take action regarding your government-controlled paper assets. The nation is more financially vulnerable than ever before—and there is no time to waste.
Contact Reagan Gold Group
You have a trusted support system in Reagan Gold Group. Get the gold and silver advice you need to make the best decision for the future of your assets. Put your family and yourself first when it comes to our national financial systems. Exercise your control with non-government backed assets that may be needed as the country experiences the most devastating period in history. A 10% to 20% allocation in gold or silver is recommended for every financial portfolio. A commodities specialist is standing by to assist you with your precious metals purchase. Call now.