Banks Hide At Least $620 Billion in Losses, Creating Ticking Time Bomb of Financial Disaster – zoohousenews.com

(Natural News) The collapse of Silicon Valley Bank (SVB) is just the tip of the iceberg as more than $620 billion in losses across the banking sector looms as a ticking time bomb.

According to the Federal Deposit Insurance Corporation (FDIC), the banking sector is currently sitting on well over half a trillion dollars of unrealized losses that will eventually have to be realized – but when?

The answer right now is nobody knows, but one thing is certain: The FDIC, the Federal Reserve, and the Treasury Department are doing everything in their power to patch all leaks in this financial titanic to avoid a contagion event — at least for now .

We are told that the reason for this predicament has to do with the vast amounts of bonds and government bonds that the banks have been buying up during periods of low interest rates. These bonds and Treasuries are now deep under water as Jerome Powell continues to hike interest rates in a failed attempt to quell skyrocketing inflation.

“That’s because higher interest rates mean new bonds bring investors higher returns,” writes Ryan King for The Washington Examiner. “As a result, older bonds have comparatively lower yields, making them less attractive to investors and therefore triggering a fall in the value of older assets.”

“One consequence of the $620 billion unrealized potential loss phenomenon is that banks may quickly find themselves with less cash on hand than their books suggest.”

If the Fed decides to cut interest rates again to bail out the banks, you can expect to pay $100 for a loaf of bread once hyperinflation inevitably sets in. If the Fed keeps raising rates to save the dollar, then the corrupt banking system and all of its financial tentacles will collapse.

It’s a puzzle with no solution, which is why a crash and collapse are inevitable. The issue is when, not if, this financial Armageddon will take shape in a way that is undeniable in everyday life.

(Related: The collapse of America’s financial system is accelerating — watch Andy Schectman explain.)

Will the average American still be able to afford groceries in 2024 – assuming groceries are still readily available?

We’re already seeing the damage of all this financial jerry manipulation in the form of $7 cartons of eggs – if you can even find eggs – and $5 gallons of gas – let’s go Brandon! And by that point next year, prices are likely to continue to rise.

All of this could have been avoided if American politicians of the past had not bowed to the private central bank called the Federal Reserve, which took over the country’s money supply in 1913 and began lending its fiat Federal Reserve notes to the Treasury at interest.

This is known as usury, and since it is based entirely on debt, the ultimate endgame is a financial catastrophe the likes of which this world has never seen – and never will again, once the dust settles.

“Biden knows that in order to bring CBDC to America (for the executive order he signed back in April 2022) the banking system must collapse to force people to accept it,” a commenter at Natural News wrote about it how it all happened by design.

“The CDBC system is not ready yet. It could be a few more months to a year, but it’s coming. The SVB surprised them, so Biden is doing what all Bidens do: lie, lie, and lie.”

Will America even be recognizable by this time next year? For the latest news, see Collapse.news.

Sources include:

WashingtonExaminer.com

zoohousenews.com