The Federal Deposit Insurance Corporation (FDIC) reported that Americans withdrew $472 billion from US banks over a three months period, a pace not seen in yearly four decades. 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. As depositors leave the banking system, money market funds have witnessed massive weekly cash inflows.
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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 quarterly decline is the largest reduction reported in the QBP since data collection began in 1984.
This was the fourth consecutive quarter that the industry reported lower levels of total deposits.”
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.
A memo was leaked showing the Karen Bass wanted to cut $49 million more from the fire budget that would close of 16 fire stations. An LAFD employee said that Mayor Bass wanted to allocate the money for the homeless. Critics have accused Bass, Crowley and Quinones of being DEI ‘diversity’ hires.
Melanin is responsible for pigmentation and it is not always evenly distributed. Melanin protects against UV radiation, but we also need this radiation for vitamin D.
Professor Jeffrey Sachs said, “That war [with Iraq] came from Netanyahu. He’s still trying to get us to fight Iran [to] this day.” Sachs added that Netanyahu is “a deep, dark son of a bitch — sorry to tell you — because he’s gotten us into endless wars.”
. As the pedophile Muslim gang scandal has exploded into the mainstream this week in the UK, horrible accounts are being shared by fathers of some of the victims, with one relating how the police
Tulsi Gabbard will now support FISA-702, the warrantless searches of American communication and electronic metadata. FISA-702 is the likely the gateway to the massive surveillance system currently being put into place using Real ID and the AI facial recognition software provided by Palantir (CIA).
Ten people have reportedly died. 200,00 people have been evacuated. Property damage and economic losses are estimated to be as high as $150 billion. Over 9,000 homes, businesses and other buildings have been damaged or destroyed.
The “pizzagate” gunman, Edgar Welch, who opened fire at Comet Pizza restaurant in Washington, DC eight years ago because he believed it was the center of a Hillary Clinton-involved child sex ring was fatally shot by North Carolina cops during a traffic stop
. New York County District Attorney Alvin Bragg’s failure to prosecute real criminals while charging Good Samaritan Daniel Penny is itself a crime. Many people are afraid to defend themselves and others because they don’t
A man on a bicycle with a blowtorch appeared to be setting old Christmas trees and trash cans on fire in Woodland Hills. Neighbors detained him and immobilized him with zip ties.
Horrific child grooming and rape gangs, mainly perpetrated by Pakistani men against white native British girls, have been covered up for over 14 years for fear of offending the ‘Asian’ community in England and avoiding being labeled ‘racist’.
The nation’s first “H5N1-related human death” has been reported in Louisiana. Authorities say patient is that he (or she) was over 65, was reported to have underlying medical conditions, and had been exposed to a “combination of a non-commercial backyard flock and wild birds.”
Trudeau will remain iin office until a replacement is selected, meaning he will lead Canada during the early months of Donald Trump’s presidency, including navigating tense trade negotiations and potential tariff threats from the United States [Trump threatened a 25% tariff].
New Jersey Democratic Governor Phil Murphy passed a law to remove the requirement to pass a basic skills test for reading, writing, and math, for people seeking an instructional certificate. In 2017, New York also scrapped its basic literacy requirements, noting it was meant to increase diversity among teachers.
Leana Wen, MD, is advocating for mass testing and the H5N1 Bird Flu vaccine that has yet to undergo full safety testing. Attorney Thomas Renz says that PCR testing is a scam so that dishonest politicians and bureaucrats can declare many “cases” in order to justify lockdowns, masks, tracking and untested vaccines.
Shamsud Din Jabbar and Matthew Livelsberger both had ties to Fort Bragg, home to military psychological operations. Alex Jones explains that the attacks may have been set up for the purpose of inciting war between the US and Iran, and to create a narrative for future attacks to be blamed on MAGA and patriots.
The Center for Immigration Studies estimates that 300,000 anchor babies were delivered to illegal-immigrant parents in 2024, and a further 72,000 were delivered to foreign tourists, foreign visa workers and foreign students.
The ten injured teens sustained non-life threatening injuries. The venue was hosting a memorial ‘celebration of life’ event for a 16-year old who was shot in Brooklyn in October. The shooting is believed to be gang-related.
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Oklahoma is taking action to ban 13 major financial institutions from doing business with the state after it was determined that the banks engaged in boycotting energy companies. The move ultimately blocks the banks from managing billions of dollars in Oklahoma pensions, investments and other state entities.
Critics are concerned that banks will deny services to political dissidents, conservatives, and Christians. A week ago, the American Family Association was reportedly banned From credit card processor over their pro-life religious views and criticisms of homosexuality.
Banking is an amazing business.It collects interest by loaning money created out of nothing, when it hits hard times it is bailed out with tax dollars, and when it is riding high, it enjoys incredible tax breaks. It loans money to governments, but it’s the taxpayers who guarantee repayment and pay the interest.
