c426bc No.375941
Americans Pull $472,000,000,000 Out of US Banks In Three Months As Depositors Exit In Historic Numbers
As if record decline in viewership ratings of State-run media was not a tell-tale sign, this is even more proof far less Americans trust government propaganda telling them "everything is OK, nothing to see here."
New numbers from the Federal Deposit Insurance Corporation (FDIC) show Americans are pulling their money at a pace not seen in yearly four decades.
According to the FDIC’s newly-released quarterly report, depositors took a total of $472 billion out of their accounts in the first quarter of this year – shattering a 39 year record.
The “primary driver” of deposit flight came from uninsured deposits, says the FDIC, as people moved to protect capital that is above the $250,000 FDIC insured maximum.
Case in point – the amount of insured deposits held by banks actually increased during the quarter as people diversified their risk.
The mass exodus follows the failures of Signature Bank, Silicon Valley Bank and First Republic, which were triggered in large part by the Federal Reserve’s aggressive interest rate hikes.
As depositors leave the banking system, money market funds have witnessed massive weekly cash inflows.
https://dailyhodl.com/2023/06/02/americans-pull-472000000000-out-of-us-banks-in-three-months-as-depositors-exit-in-historic-numbers/
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375576 No.375967
>>375941
>Americans Pull $472,000,000,000 Out of US Banks
Considering there is $2,040,700,000,000 in circulation, who cares? 23.13% is meaningless.
>money market funds
Are literally still just banks.
People are fuckin' dumb.
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e14ecf No.376002
bumping foundational news and going offline 98% of the time.
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098809 No.376097
>>375941
I too have liquidated much of my savings into private property and hard assets, some silver and gold coins included. Get what you need for the future now while you still have that option doing so. What is the most important is becoming more self-sufficient as the GOVT-manufactured economic collapse continues.
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d2e791 No.376210
>>376097
THIS.
THIS.
AND THIS.
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55a614 No.376246
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09b9c8 No.376354
1111113wcd5677777
::::::::::::::::::::::::::::::::S777777777777777777777777775gr
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4e0d77 No.376516
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d2e791 No.376548
bumping common sense news
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d57515 No.376789
bumping legit factual news
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55a614 No.376840
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c9ffe4 No.376897
bumping appreciated highly respected news
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f2f5fd No.376935
absolute news anti-slide
demons BTFO
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ef1296 No.376947
>>375941
Hard assets.
Private property.
Silver & Gold.
Guns & Ammo.
All essential goods stocked w/ contingency of backups.
WISE.
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17461a No.377430
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da59ec No.377470
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4e0d77 No.377540
bumping common sense news
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1013fd No.377931
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1013fd No.377932
>>376947
>Private property
But get out from under any debt.
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d2e791 No.379278
common sense news anti-slide
fuck the gatekeepers edition 2.0
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d2e791 No.380034
Liquidate into hard assets and guns and ammo.
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55a614 No.380535
thank you OP for posting real news
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da59ec No.380770
bumping real American news
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e14ecf No.381405
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da59ec No.381745
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f19473 No.383386
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da59ec No.383614
Too bad America is no longer a free country, no wonder the country is in such rapid decline.
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1e1d28 No.383802
Food, water, shelter, weapons, booze, sanitation and medical supplies, goods for bartering, generators, wood stove for winter, backup solar power w/ inverters, etc. get whatever you can while you still can.
Hyperinflation and reckless monetary policy could soon devastate the global economy. We traveled to Argentina, where it’s already happened.
https://twitter.com/TuckerCarlson/status/1702079713622299100
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e14ecf No.384681
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585ec3 No.384808
Glad I prepared for the collapse of the Western world.
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