Fed to inject up to $2 TRILLION into collapsing US banking system
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Okay, we were just told that the Federal Reserve is going to inject up to $2 trillion into the banking system in the U.S. to prevent a systemic collapse.
And, of course, we're told at the same time by Janet Yellen that everything's fine.
It's all good.
It's all safe.
The system is stable.
Nothing to worry about.
Why do you need to inject $2 trillion, folks?
This is only the beginning and this is already the scale of the 2008 subprime mortgage collapse situation.
I don't recall the total amount there, but it was kind of low single trillions is what they ended up creating for that bailout.
This is a bailout and it begins with $2 trillion and it's going to become $4 trillion, $6 trillion, maybe $10 trillion by the time this is done.
They're going to print money like mad to bail out the system while telling you it's all safe and stable.
That's what's happening.
Now, this $2 trillion figure for the initial bailout is fascinating to me.
Number one, this is quantitative easing.
This is flooding the system with literally trillions of dollars.
This is going to cause massive inflation.
We'll talk about that in a minute.
But the $2 trillion – well, let me back up.
Last week, the FDIC admitted that U.S. banks had a $650 billion shortfall.
So that's $0.65 trillion, right?
Two-thirds of a trillion.
And that shortfall is because the deposits that the banks – Have the depositor money, the banks have invested it in mortgage-backed securities and low-yield bonds and things that do not hold their value.
And as a result of that, banks are missing $650 billion in value that represents depositors' money.
In other words, if depositors all took their money out right now, Hundreds of banks would fail because, well, the banks would come up short.
And Moody's even downgraded the entire financial banking sector of the United States, saying it's got problems, essentially, paraphrased.
Then after that admission by the FDIC that the banks were $0.65 trillion short...
A study came out, a study I mentioned two days ago, that was published in an economics science journal.
And the study found that the actual shortfall of deposits or assets across U.S. banks was not $650 billion, but rather $2 trillion.
Exactly, $2 trillion, which is the same number that we're now hearing from J.P. Morgan analysts who are saying that the Fed is about to dump $2 trillion into the banking system.
Do you think that's a coincidence?
I think not.
They're $2 trillion short.
The Fed is pumping $2 trillion into the banks and saying everything's good.
Now, the rational question on all of this is, where does this end?
We know where it ends.
This ends in a hyperinflationary total collapse of the system.
But the powers that be want you to pretend that, oh, this is the last liquidity injection needed.
Now that this is done, everything's safe.
Go back to sleep.
Don't pay attention.
Put your money in the banks and just leave it there.
Don't take any money out because that's bad.
You might cause a bank run.
So just leave it in there and we'll all be fine.
Well, you and I know That what's actually going to happen is hyperinflation.
So the $2 trillion that they're dumping into the system right now, this is of course going to spill through the money supply.
It's going to flood the money supply.
That's a better metaphor.
And it's going to lead to far more dollars chasing the same limited amount of goods and services.
And you know what happens next.
Prices go sky high.
Inflation.
Now, who does inflation hurt the most?
It hurts the poor, right?
Even working class poor.
But especially just straight up poor, poor.
Poor people are really hurt by inflation.
Who is the bailout helping the most?
Oh, rich banksters.
That's right.
Financial gangsters.
The banking cartel members, that's who's getting bailed out.
Even the woke ones, you know, the woke idiots that ran Silicon Valley Bank.
Yeah, well, their bank's getting bailed out.
I mean, they don't call it a bailout, but it's a bailout.
It's the non-bailout bailout.
Same thing across Signature Bank.
Another super woke, libby-libby, left-wing, woke idiot bank getting bailed out by the FDIC, by taxpayer money.
Which is essentially created money, printed money.
And again, who's hurt the most?
Well, obviously it's going to be the poor.
So bail out the rich and sock it to the poor.
That's exactly what the Federal Reserve is doing.
That's what the Biden administration is doing.
That's what Janet Yellen is doing at the Treasury.
That's what's happening.
Bail out the rich, sock it to the poor.
But it's not just bailing out the rich.
It's bailing out the woke idiot rich.
The wokesters.
You know, who spent all their time focused on lesbian awareness day instead of risk awareness day, right?
Or, you know, trans party time at the bank instead of, hey, let's find out a way to not lose people's money.
How about that?
Let's focus on that.
They didn't want to be nerdy.
They wanted to be wokey.
And so, yeah, they got all woked all the way to the bankruptcy.
You know, get woke, go broke.
So now...
The woke are getting bailed by the broke.
Think about that.
Now, most of my listeners are people who aren't low-income people.
Most of my listeners are far better off.
So you listening to this are probably not going to be thrown into bankruptcy because food doubles in price.
It's going to be an inconvenience.
You'll scream at the grocery store.
You won't like it.
I mean that both as in you will gladly pay triple for food rather than starve, but also you are going to pay triple for food.
You're going to pay quadruple for food.
Food inflation is going to go insane.
And I remember Marjorie Wildcraft making a prediction in an interview I did with her a little while back.
She said that she thought food prices would double from January of 2023 to January of 2024.
And I believe she's correct.
And now we see the mechanism for how that's going to happen.
They're flooding the system with trillions of dollars.
This is going to have catastrophic effects on inflation.
Now, at the same time, this is happening, by the way.
Hundreds of thousands of Americans are losing their jobs.
The layoffs in the tech sector are already accelerating.
And the banking collapse that's also happening is already leading to more companies declaring bankruptcy, more job losses.
And the economic implosion caused by the Federal Reserve raising interest rates is also, of course, causing more people to lose their jobs.
Well, now we're faced with a situation where hundreds of thousands of people, probably millions coming, are losing their job.
And they're colliding with rapidly rising inflation because of the massive money printing by the Fed to bail out the rich banksters.
This inflation will eventually become hyperinflation, of course.
But the question is, how can jobless people afford to pay double, triple or quadruple for goods and services and groceries and so on?
And the answer is, they can't.
Because they just lost their job.
Just lost their job.
And most people, unlike you listening to this, most people don't have any savings at all.
They can't survive to the next paycheck.
Much less another month.
You know, they can't make next month's rent.
Out of savings.
They have to have a paycheck or they're delinquent, right?
They're out on the street quickly.
So that's what you're going to see.
More and more people losing their jobs.
More companies going bankrupt.
More banks getting bailouts.
More people becoming homeless and starving.
Famine will kick in.
In the UK right now, it was reported, we covered this on Natural News, people are skipping meals to be able to afford to eat.
Skipping meals?
How's that for a weight loss program, huh?
Not the kind of program that you ever want to really participate in.
It's not the Jenny Craig weight loss, it's the Becky Broke weight loss.
Becky Broke can't buy no food, you know?
That's not a good scene.
You don't want to be part of that scene.
But here's the thing.
Even those of you who have savings, most of you have it in the bank.
Some of you listening, because you planned ahead, you already have some gold and silver.
Excellent.
Excellent.
You're going to need it.
That's your savings right there.
Whatever is in the bank is at risk of total loss.
Now, of course, Janet Yellen and the Fed, they're going to say, oh, we're going to keep printing whatever money is necessary to bail out the banks so the banks won't ever fail.
Okay, maybe they're right.
But if they keep printing all that money, the currency will fail.
So yeah, you'll have your bank account, however much you have.
I don't know, maybe you have $300,000 in the bank.
It's just going to be worth nothing.
Hence the importance of gold and silver, as I routinely talk about.
I interviewed Gregory Manarino.
And if you missed that interview, you've got to catch it.
It's a very good interview.
It's up on my channel on Brighttown.com.
And I'm about to interview Gerald Salenti and also Peter Schiff.
And I've got to tell you, Manorino really strongly emphasized the importance of getting silver.
He says silver is his favorite metal.
Now, John Perez, who I also interviewed, was talking about platinum.
He thinks platinum prices are really suppressed right now and have a lot of upside potential.
Peter Schiff, of course, will advocate gold.
He's got Schiff gold.
And he's been talking about gold for a very long time.
And Gerald Salenti also.
Metals, right?
So everybody who knows what's going on is talking about metals.
Get into metals.
Metals will preserve your wealth.
It will save your money better than anything else that we can think of.
Now I promise I'm going to plug our gold and silver sponsor through this entire crisis.
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And don't buy proof coins from anybody.
Buy bullion.
Get physical gold and silver, the maximum ounces per dollar.
And, of course, do your research.
I'm not your financial advisor.
That's my disclaimer.
There is, of course, risk, price risk in metals.
But from what I'm seeing in the minds of most people right now, there's way more risk of leaving money in the bank.
There's risk of total loss.
I mean, just ask the people who banked at Silicon Valley Bank.
Their deposits went from, in some cases, $100 million to zero last weekend.
And then, 48 hours later, oh, it went back to $100 million because the FDIC stepped in and did an emergency declaration.
But can you imagine losing all your bank deposits for days and not knowing if you're wiped out or not?
I mean, that's risk, folks.
That's risk.
100% loss.
Just like that.
With gold and silver, you will never have a 100% loss because you always have the metal.
And the metal always has value.
It's on the table of elements.
It has specific properties that give it intrinsic value throughout all of human history, surviving the rise and fall of civilizations.
So have somewhere to put your assets where it won't vanish.
In the meantime, we need to accept the reality of the erosion of the dollar on an accelerated scale.
Now, I've spoken before.
I've said in my estimates the dollar is losing about 2% of its purchasing power every month.
Every month.
You could roughly say that's a little over 20% annual inflation.
It's not quite 2% every month, but it's close.
So let's say 20% annual inflation.
Some people say it's 25%.
Well, what's it going to be now?
Now that the Fed just printed $2 trillion effectively.
Oh, they say they have it in an emergency fund.
Yeah, well, where did that emergency fund come from?
And when it's depleted and you need more money, where is that going to come from?
They're going to print it, folks.
They can make up excuses.
Oh, we're not printing it.
No one's paying for this.
Give me a break.
We're not kindergartners here.
I'm not pulling a magic trick like a rabbit out of your hat.
We're not so easily fooled.
Of course you're printing the money.
And because they're printing the money, the dollar is going to start losing more than 2% per month in terms of its purchasing power.
And I think you need to be looking at a 3% per month loss in the dollar.
That's where we're headed very soon, probably by summer.
So 3% per month loss, which means in one year, and this is without compounding it, in one year, You would lose, let's say, roughly 36% of the purchasing power.
It's actually more than that.
If you use the rule of 72, you'll get a more accurate figure.
That tells you that you'll lose about half the purchasing power of your dollars in, what, 24 months?
Is that what that comes out to?
Yeah, I think so.
But roughly speaking, roughly speaking, your dollars, two years from now, your dollars will purchase half what they are now.
And that's if we only limit it to 3% per month roughly of erosion of the value of the dollar.
Bottom line is, yes, you're going to pay double.
The question is just when.
Is it going to be 12 months, 18 months, 24 months?
you're going to pay double for everything and your cash is going to be worth half of what it is today.
So that's coming.
No question about it.
And the Fed is bailing out the rich and they're they're hammering not only the poor, but they're making middle class people poor.
So they're adding to the poverty, adding more people to the group of poverty and then wiping them out.
So, yeah, this is going to get ugly, folks.
It's going to get real ugly.
So stay tuned.
I've got a lot of great interviews coming up so you can get more information on all this.
I'm Mike Adams here.
Naturalnews.com is where you can read my articles.
And brighttown.com is where you can find my interviews.
HRR is my channel, Health Ranger Report.
And don't forget to check out our sponsor, Treasure Island.
And that's at metalswithmike.com.
Take care.
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