So Loan And Goodnight

The government stepped in to do what it always does … they threw money at the problem and told us everything was better. Big Wall Street banks gobbled up the assets of failing banks. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ November 7, 2023 |  [View Online]( |  [Sign Up]( So Loan And Goodnight: Behind The Scenes, The Banking Contagion Spreads "The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion." — Alan Greenspan , In March, when Silicon Valley Bank failed, Americans panicked. The entire world panicked. Fragility in the global financial system, thought to be contained by the Federal Reserve and central banks around the world, proved to be just below the surface. The ensuing weeks saw a total of three of the largest bank failures in history. Banks saw runs. Markets took a dive. Trading was halted. CONTINUED BELOW... POWERED BY THE ESSENTIAL INVESTOR What Went Wrong With America “Corruption in U.S. at Worst Levels in Almost a Decade,” writes the Foreign Policy Institute. Three major crises are converging on January 15 that could turn 2024 into one of the most tumultuous years since the 1960s... [Click here to watch>>]( CONTINUED... The government stepped in to do what it always does … they threw money at the problem and told us everything was better. Big Wall Street banks gobbled up the assets of failing banks. Victory was declared. Regulators and bankers alike patted themselves on the back. The “banking contagion” ceased to occupy the front pages of the financial media.  But behind the scenes, the financial stability of the banking system hasn’t improved – it has gotten worse. Much worse. While you may have heard about the FDIC and Federal Reserve’s regulatory actions, you likely have not heard about the SIX notable bank failures we’ve now seen this year: - Silicon Valley Bank - Silvergate Bank - Signature Bank - First Republic Bank - Credit Suisse - Citizens Bank The latest, Citizens Bank, barely raised an eyebrow. Still, it’s another brand-name victim succumbing to the “end of free money” and an interest rate environment that will not change its upward trajectory any time soon.  As an emergency measure, the FDIC dropped its $250,000 deposit insurance limit in the wake of SVB to calm Americas, committing over $200 billion to cover all deposits for SVB and Signature Bank. That promise by the government raised the cost of insurance premiums from FDIC member banks, forcing them to pass the cost onto its constituents… you and me. Then the Fed printed $1 trillion to facilitate new loans to member banks, accepting bonds as collateral which could be worth significantly less than the value of the loan itself. All while banks hold more than $620 billion in unrealized losses (aka bonds that have yet to mature). Last week, JPMorgan Chase, the nation’s largest bank, released a statement saying they have lost $40 billion dollars since interest rates began rising in earnest in 2020. CONTINUED BELOW... POWERED BY VAULT METALS America's Banking Crisis Has Reached Critical Mass! Over 200 banks could be on the verge of collapse, putting your hard-earned retirement savings at risk. Where you keep your retirement wealth will determine who survives the financial implosion looming ahead. This [FREE Gold & Silver IRA Retirement Guide]( can help you pivot your retirement savings into Gold, tax-free, penalty-free and without spending a dime of your liquid cash. [Claim your FREE Gold IRA Guide Today!]( CONTINUED... As long as the Fed continues to keep rates “longer for higher” banks – even the big ones like JPMorgan, Bank of America, Citi and Wells Fargo – are going to continue to write down losses from investments made during a decade-long fiesta of “free money”. In short, the “banking contagion” is only going to get worse. All the while, the government smiles and hands out more money to maintain the presumption that everything is stable. Misdirection is all part of their Shell Game, and anyone who doesn’t move to protect their money could see their savings disappear. Take action now. [Get the full American Shell Game briefing here.]( Follow your own bliss, Addison Wiggin, P.S. [The Shell Game]( has serious implications for the US government, the entire US economy and the value of the US dollar. The government itself is a victim of rapidly rising interest rates. While the annual deficit passed $2 trillion in fiscal year 2023, the interest the government now pays on its own debt is over a trillion dollars annually.  POWERED BY THE ESSENTIAL INVESTOR The Daily Missive from The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to The Wiggn Sessions delivering daily email issues and advertisements. To end your The Daily Missive from The Wiggin Sessions e-mail subscription and associated external offers sent from The Daily Missive from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at feedback@wigginsessions.com. If you are having trouble receiving your The Wiggin Sessions subscription, you can ensure its arrival in your mailbox by [whitelisting The Wiggin Sessions.]( © 2023 The Wiggin Sessions 808 Saint Paul Street, Baltimore MD 21202. 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