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April 5, 2023 - Health Ranger - Mike Adams
09:52
Blackstone limits withdrawals from real estate investment fund
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Here's another bombshell in the world of financial insolvency.
So Blackstone is now limiting withdrawals from its REIT, the Real Estate Investment Trust.
Limiting withdrawals, this is something that we've seen with other banks before those banks collapsed.
We've seen it with crypto before the crypto collapse that took place.
Now we're seeing it with real estate investment trusts here, a major one.
They're limiting withdrawals because they can't provide the cash that everybody wants.
In other words, here's another case of your cash is safe as long as you never need it.
Just keep it in the system and you won't lose it.
But if you take it out, then you're a bad person because you might crash the whole system.
Like, that's kind of what we're seeing now.
And remember how I had a source, well, one source and then confirmed by a second source that told me that bank freezes were coming or withdrawal limits coming?
And you're already seeing this narrative being pushed by the regulators of the Fed that says, oh, it's consumer behavior or I guess customer behavior that's to blame for the bank runs.
Customers, they want their money out and they're crashing the system.
And it's so irresponsible for them to take their money out.
Probably going to be called an act of financial terrorism soon if you withdraw money from any bank, any stock market, any fund, any pension.
They'll call you a terrorist.
Yeah, that's coming.
But what I've been told is that they're going to limit withdrawals from the banks.
There'll be some daily limit of outflows.
So from your own accounts, you will have a limit of, let's say, $25,000 a day or maybe $10,000 a day.
We don't know the amounts yet.
But that's the max outflow from all methods, wires, checks, ATMs, cash withdrawals, whatever, in-person withdrawals.
Your max might be 10K or 20K or 25K, something like that.
And we're starting to see the early signs of that, I think, here with Blackstone limiting withdrawals from its REIT, R-E-I-T. Just saying we simply don't have the liquidity to give you all the money that you want.
But why are people taking their money out of a real estate investment trust?
Why?
Well, because the real estate markets are cratering.
Why is that happening?
Because the Fed is continuing to raise interest rates.
And so higher interest rates means that homebuyers can't afford as expensive homes or land.
So real estate, of course, has taken a nosedive in most places around the country.
Not all.
There are still a few pockets that are doing well, like Texas, for example, and maybe certain parts of Florida.
But definitely in the blue states, people are fleeing and selling and prices are coming down.
So investment funds that put all their assets into real estate are now, of course, having a very difficult time not only providing the liquidity or the withdrawals that customers demand, but also actually selling real estate.
So if you have money in real estate, of course, it's locked up in that property.
And in order to convert that into liquid cash, you have to sell it.
But right now, it's taking much longer to sell homes and land than it was for many years, maybe over a decade.
So homes are sitting on the market for longer, and prices are coming down as a result.
The demand just isn't what it used to be, again, because of rising interest rates.
Now, people are fleeing the banks right now.
Over $200 billion in cash outflows from banks in the last, what, two or three weeks, something like that.
Massive, huge.
And they're moving into things like gold and silver.
No kidding, gold just spiked $30 plus in one day.
Silver spiked.
I'm feeling really good about the fact that I just put out a podcast saying that I had purchased with company money to have some kind of liquidity.
I had purchased Like a pretty large amount of gold and silver trust and gold and silver mining companies.
And I did that just two days ago.
And then yesterday, gold spiked $30 plus.
It actually went up $40 and then kind of settled back down a little bit.
It crossed over the $2,000 per ounce mark.
It hit like $20,000, $30,000 and then settled back down.
And so the company cash that I just put into gold and silver...
I've already shown a massive profit in 48 hours.
It's crazy.
I was just trying to avert risk.
I wasn't trying to speculate on gold and silver, but I've already earned money for the company by doing so.
So once again, that was a very wise decision.
I posted a separate podcast about that if you want to know what I invested in.
I tell you the exact trust Trust funds like PSLV and then some gold and silver mining companies, mining funds, ETFs, and so on.
And remember, I've been out of the markets for years.
I mean, more than a decade.
And I just now decided to jump in because I'm getting money out of the banks, company money, that we need to use to buy raw materials.
This is cash that we need to use.
I put it into tradable, very liquid gold and silver funds that I can buy and sell through brokerages, and that's become my bank now.
In other words, I trust the gold and silver ETFs.
The mining companies or the vaulted gold and silver, I trust them more than I trust the banks at this point.
That's what my actions actually admit, is that I trust them more than I trust the banks.
And apparently I'm not alone, because a whole lot of people are taking their cash out of the banks, they're taking it out of the REITs, they're taking it out of real estate, where prices are going down, and some people are putting it into real estate in states like Texas and wherever.
Wherever it might hold value.
But the point is there's a lot of cash moving around right now.
And because of the insolvency of the financial system, a lot of financial institutions can't handle the cash outflows at all.
So the bottom line is we're going to see more limits, I believe, placed on withdrawals.
No limits on deposits, of course.
If you want to give more money to the banks, which they'll be happy to take that because they can use that on their bail-ins later on.
But if you want to take money out, you're going to be limited.
And that's going to come down, it could be any day, any week.
It can happen just without notice.
You wake up one day, boom.
There's a nationwide bank withdrawal limit that has been enacted to, quote, stabilize the financial sector.
And you'll be told, everything's fine.
It's all solvent.
It's all good.
You just can't have your money at the rate that you want it or need it.
You're going to have to slow that down now to protect the banks, you see.
And, of course, I think that will backfire.
It will convince everybody that, oh my God, I really need to get my money out of the banks.
They're not going to let me have access to it.
It's probably not a good place to keep money.
So it could make the problem worse.
Hopefully they will consider this before enacting such an onerous type of measure.
But the bottom line here, folks, is take steps to be safe.
Protect your assets.
Take a look around at all the possibilities.
Consider gold and silver.
Consider real estate.
Consider maybe ETFs.
Consider some crypto as a backup, backup plan.
Consider these things.
Do your research.
Avoid risk.
Move money now while you can before they clamp down on withdrawals and transfers.
Take advantage of the opportunity that we have right now to move assets around.
Open multiple bank accounts.
Make sure you can transfer money from one bank account to another.
Make sure you open at least one or two brokerage accounts in case you want to move money into that.
Have accounts opened.
Have crypto wallets opened and functioning.
Make sure you know how to use everything.
Make sure you can move assets around.
If you have assets, I'm assuming you do, you're going to need to be nimble and And in my opinion, don't buy any long-term treasuries.
Don't lock yourself into anything.
Not even a 30-day treasury, I think that's too long.
I think you've got to be able to move within a day or two based on what's likely to be emerging here.
That's my take on things, but hey, do your own research, get your own financial advisor, make your own decisions.
I'm not your financial advisor, thank goodness, because it's hard enough being responsible for my own money, not yours too.
But thank you for listening.
Mike Adams here, The Health Ranger, naturalnews.com, and also variteon.com.
Take care.
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