Subscribe for free to the America First Report newsletter.
The fastest growing conservative news aggregator in America.
You have probably heard it by now but Silicon Valley Bank went tits up, making it the second largest bank failure in America’s history. I know what it was. The “climate changed,” specifically bonds, which we’ll come to in a minute.
For a moment, it looked like anyone with over $250,000 in the bank would lose their money. Apparently more than 90% of deposits at SVB exceeded this figure. That was the situation until the Fed came in and bailed everyone out over the weekend. A timely reminder that money in the bank is NOT YOURS.
You are an unsecured creditor in what may very well be an insolvent institution. Some countries don’t even have deposit insurance, and every penny can be taken.Meanwhile, here’s a live shot of me surveying my gold hoard (very little in banks): In all seriousness, the issue […]
Excerpt Sourced From: discernreport.com
- Concerned about your life’s savings as the banking crisis decimates retirement accounts? You’re not alone. Find out how Genesis Precious Metals can help you secure your wealth with a proper self-directed IRA backed by physical precious metals.
Bypass Big Tech Censors
My Shows:
- The JD Rucker Show (M-F 2pm Eastern)
- Red State Talk Radio (M-F 2pm Eastern)
- America Out Loud (M-F 7pm Eastern)
- America First Report (Substack)
- The Late Prepper (Substack)
- End Medical Tyranny (Substack)