In 2007, 25 banks failed and needed to be bailed out. The damage totaled 526 BILLION DOLLARS, over a 12-month period. But today’s bank crisis isn’t too far behind. In this clip, Glenn shares today’s banking crisis numbers that seem to be SCARILY similar to 2007, before the 2008 crisis hit. What do these numbers mean, how is the Federal Reserve to blame, and what’s coming next for America’s economic outlook? Glenn discusses it all in this clip…
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
Coffee the Christian way: Promised Grounds
Todays banking crisis is not at all similar to that of 2008. Then you had hundreds of billions or trillions of mortgage loans, where repayment stopped because house prices went below the mortgage balance.
Today banks are in trouble because their DEPOSIT base is walking because there is a large spread between what the bank pays on deposits and what the US Treasury is paying on short dated paper. This forces them to sell their RISK FREE US Treasuries they hold as reserves, at a LOSS. On risk free securities.
This is all because inflation has driven rates 500 basis points higher in a little over a year.
And that is because of massive government spending directly into the real economy as a result of the planned demolition of society starting with the US Sponsored, man-made COVID virus. A tsunami in a pond, which will continue to throw tsunamis for at least a generation
Add to that that COVID and no more working downtown and rising crime is going to cause MANY lease renewals in downtown areas to not be renewed, and there you WILL have loan defaults, but the lease renewal process takes years to play out
So this is much more like the S&L Crisis of the late 1980s and early 1990s which killed off roughly a third of the S&L “banks”