by Kari Donovan at The Republic Brief
The author of “End Times” reported on his disturbing analysis of the 2023 banking crisis and the details are certain to unsettle people who are paying attention.
“If our banking system can’t find a way to turn things around, our entire economy will soon be in a world of hurt. When banks get into trouble, they start getting really tight with their money. That means fewer mortgages, fewer commercial real estate loans, fewer auto loans and fewer credit cards being issued.
That was really bad, but we just learned that things got even worse the next week. During the week ending March 22nd, 126 billion dollars was pulled out of U.S. banks…” Michael Synder reported on his blog, The Economic Collapse Blog, adding:
Depositors drained another $126 billion from U.S. banks during the week ending March 22, according to new Federal Reserve data. This time the outflow came from the nation’s largest institutions.
But this banking crisis did not begin in March as many have been led to believe.
Over the past year,…
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