Trump warns of more bank failures and a depression worse than 1929

[Finance Wisdom] Here is an interesting offer from our partners: Trump Issues Dire Warning After Bank Failures Says Further Financial Calamities Are on the Horizon. "THE BANKS ARE ALREADY STARTING TO COLLAPSE!!!" - Donald Trump My Fellow American, Can Banks truly seize Depositor's accounts? The truth is that under the right circumstances, the answer is yes. Throughout America's history, failed banks were bailed out by our hard-earned tax dollars. But then President Barack Hussein Obama changed all that. In 2010, he signed into law The Dodd-Frank Act. (Public Law 111–203, H.R. 4173) This reverses the policy from Bailing Out the Banks to what is now called a Bank Bail-in. What is a Bank Bail-In, and Why Should You Care? Get your free [Complimentary Protection Guide](. Investopedia describes the Bail-In. "Bail-ins provide immediate relief when banks use money from their unsecured creditors, including depositors and bondholders, to restructure their capital. Banks can convert their debt into equity to increase their capital requirements. Although depositors run the risk of losing some of their deposits." Investopedia also tells us, "the Financial reforms under Dodd-Frank Act eliminated bailouts and opened the door for bail-ins." April Meehl, from the University of Wisconsin-Madison, in her paper Bailouts, Bail-ins, and Banking Industry Dynamics, describes the "Bail-In" Model: - All uninsured debt is converted to equity. - The bank is valued as a new "all-equity" bank. - Creditors (meaning you, the depositor) receive the value of the new shares. Does This Sound a Little Orwellian to You? A failed bank with government approval can take some of your uninsured deposits and use them to keep themselves afloat. In exchange, you get equity in the failed bank. Bank Failures are Beginning to Pick up Momentum Get your free [Complimentary Protection Guide](. The most recent bank collapse the media doesn't seem to be talking about is that of Heartland Tri-State Bank. The Federal Government just closed them down. [The Federal Government just closed them down.]( That is the fifth bank to go under in the 2023 calendar year. Here is a quick reminder of this year's other collapsed banks: - Silicon Valley Bank - Signature Bank - First Republic Bank - PacWest Bank Some may argue that PacWest Bank didn't collapse; they were purchased. But they were only purchased because they were collapsing and could not cover depositor withdrawals. Bank of California scooped up all the PacWest's assets for pennies on the dollar. Donald Trump Saw This Coming a Mile Away and is Trying to Warn Us Trump said on his Truth-Social, "WE WILL HAVE A GREAT DEPRESSION FAR BIGGER AND MORE POWERFUL THAN THAT OF 1929. AS PROOF, THE BANKS ARE ALREADY STARTING TO COLLAPSE"!!! Did you get that? They are already starting to collapse! 5 Banks in 2023. "Danger" Will Robinson. "Danger!" I am Urging You to Get This [Complimentary Protection Guide]( While You Still Can. And I don't mean that as hyperbole. This is a "Take Action" guide to protect you and your family. The best time to plant a tree was 20 years ago; the second best time is now. ACT NOW. It's important not to delay. Grab it here [Complimentary Protection Guide](. [Donald Trump]( Everything you need to get you on the path of protection is in this Complimentary Guide. You'll Learn the following: - About the particular account, rich people use to shield their assets - About the world’s most powerful anti-inflation fighter - About what you must do now to protect your retirement…plus how to profit from the coming turmoil - Plus, we’re also going to reveal the secret IRS loophole that could save you $1,000s in taxes The best time to plant a tree was 20 years ago; the second best time is now. ACT NOW. It's important not to delay. Grab it here [Complimentary Protection Guide](. This third party offer is brought to you by Marketing Tech Solutions. T85, 5th Main Road, Anna Nagar, Chennai 600040, India. [Update preferences]( or [Unsubscribe]( © Copyright 2024. All Rights Reserved.