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.
.
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.
Haaretz reported that Israeli intelligence was warned a year before the October 7 Hamas attack of Hamas activity at the border fence indicating that Hamas was planning an attack. Israel’s intelligence stopped monitoring Hamas handheld radio traffic and underestimated the impending attack.
Sharika Soal wrote, “It is not white supremacy or even conservative views hurting the trans community. It’s violence stemming from the community in which they (trans women) choose to engage the most. The black community.”
There is a deadline of December 1, 2023 for countries to opt out of future amendments to the International Health Regulations that are being used to remove power from nation states and transfer it to the WHO.
‘The Fall of Minneapolis’ reveals startling information that was withheld from the public in the George Floyd murder case, including an undercover drug investigation of of Floyd in 2019 and an arrest of Floyd a year prior to his death when he was agitated and said that he could not breathe, but he was not held down.
Chauvin asserts that the jury in his case was biased. There was concern that the protests at the courthouse would become riots unless he was found guilty. Congresswoman Maxine Waters called for protesters to get violent when she said they should ‘get more confrontational’ if there was no guilty verdict.
The police at the Capitol appeared on video pushing a woman down a flight of staris TWICE! And according to the Gateway Pundit’s sources, this brutal display of police abuse ignited the crowd that day.
The state’s Dept. of Health (DOH) can pull people from their homes and quarantine them to stop the spread of communicable disease. The state does not have to prove the individual is sick. The DOH can hold individuals for however long they want; there is no way to get out of lock down unless they get a lawyer and sue.
Police said a five-year-old girl, a woman in her 30s and a man in his 50s sustained serious injuries during a stabbing spree. Bystanders disarmed a man, who is believed to be an Algerian immigrant, and pinned him to the ground while waiting for police. The stabbing was a catalyst for a mass protest in Dublin.
The IMF wrote that CBDC could be “programmable.” and authorities “could restrict where or when it could be spent.” The handbook also recommends “user identification and transaction tracking.”
The Advanced Clean Cars II rule, set to take effect Jan. 1, will make the Garden State the 11th state on such a trajectory, joining California, New York, Vermont, Washington, Oregon, Massachusetts, Virginia, Rhode Island, Maryland and Connecticut.
An unidentified man was driving at a high rate of speed when he hit the center divider and launched into the air. The Bentley caught fire after it crashed. Fox News originally reported that the event was a terror attack and that there were explosives in the car. The story was later retracted.
Last Sunday, in the small rural French village of Crépol, a 16-year-old boy was stabbed in the chest and throat and died, and at least 17 other people were injured after an organized gang of at least 15 males armed with knives attacked people at the annual winter ball event.
A 2018 ruling by the FCC)blocks states and municipalities from taking actions that would impede or delay the rollout of 5G technology. Stamford, Connecticut leasers rejected a model agreement allowing AT&T and Verizon to install 5G equipment on city-owned utility poles, risking a lawsuit from the vendors.
No study has yet proven that HPV vaccines prevent cervical cancer. Some experts questioned the necessity of giving the HPV vaccine to teenage boys. An attorney noted that the Vaccine Injury Compensation Program (VICP) “has paid more than $70 million in damages and awards to children injured by Gardasil.”
Ray Epps was recorded on video numerous times calling for people to enter the Capitol building. Epps was charged two and a half years after the protest at the Capitol with a class A misdemeanor for disorderly conduct on restricted grounds; he pleaded guilty. He will be sentenced on December 20, 2023.
Dutch politician Thierry Baudet has been hospitalized after he was attacked at a campaign event by a man who hit him repeatedly on the head and neck with a beer bottle. The incident was the second attack on Baudet in recent weeks, and took place two days before a general election.
Bayer was ordered to pay $1.65 billion to three plaintiffs who were diagnosed with non-Hodgkin lymphoma that they alleged was caused by using Roundup pesticide on their family property. Bayer purchased Monsanto in 2018 and maintains that Roundup is safe for human use.
Argentina has 140% inflation and 40% of the country lives below the poverty line. Javier Milei has just been elected president. Mr. Milei has pledged to close Argentina’s central bank and replace the nation’s currency with the US dollar.
Classified Ads
The appearance of ads on this site does not signify endorsement by the publisher. We cannot vouch for accuracy of statements or integrity of advertisers. We will investigate complaints, however, and remove any message we find to be misleading or that promotes anything fraudulent or unethical. For ad rates, click here.
Choke Point 2.0 targets cryptocurrency (crypto) as regulators are cracking down on banks taking deposits from crypto clients. Cryptocurrencies may trade against CBDCs in the future, which could allow those in power to take control of the industry.
Bank depositors risk losing a portion of their bank deposits. However, since each account is protected by the Federal Deposit Insurance Corporation up to $250,000, the scheme would covertly revert back to passing the bill to taxpayers to fund the FDIC, which quickly will be bankrupted by the demand for payouts.
The Sydney Morning Herald reported that Bitcoin users across Australia are reporting that their accounts have been abruptly frozen by the country’s “Big Four” banks. Some users complain that the banks are describing their Bitcoin activities as a “security risk”.
