Ripped From The Headlines, March 14, 2023
#Moodys Says Banks "Negative", Bank Runs Sting Smaller Banks, Sunbelt Traffic Jams Kill Progress - #Read, #Share, & #Subscribe - SherlocExposes.com
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“SHERLOC co-founder RC Williams joined the American Adversaries Radio Show in Orlando yesterday, to discuss the #SVB situation, and what’s happening with the economy overall.”
“Large US banks are being inundated with requests from customers trying to transfer funds from smaller lenders, as the failure of Silicon Valley Bank results in what executives say is the biggest movement of deposits in more than a decade.
JPMorgan Chase, Citigroup and other large financial institutions are trying to accommodate customers wanting to move deposits quickly, taking extra steps to speed up the normal sign-up or ‘onboarding’ process, according to several people familiar with the matter.
A package of emergency measures unveiled by the US government on Sunday, including a new Federal Reserve lending facility for banks, appears to have passed its first major test for now by staving off the failure of a third bank following the implosion of SVB and Signature Bank. However depositors are still attempting to move balances into larger banks such as JPMorgan, Citi and Bank of America, as well as money market funds, the people said.
That is especially the case when balances exceed the $250,000 threshold that is guaranteed by federal insurance.
Deposit transfers from SVB and other regional lenders to large banks picked up steam last week and continued on Monday, the people said. ‘The calls have been coming in today like airplanes stacked on a snowy day at O’Hare airport,’ said one senior banker, referring to Chicago’s busy aviation hub.
‘Goliath is winning,’ Wells Fargo banking analyst Mike Mayo said in a research note on Monday as he singled out JPMorgan as a beneficiary ‘in these less certain times.’”
“In most U.S. cities, traffic is less congested than it was in 2019, as fewer people commute to offices, according to mobility data company Inrix. In some Sunbelt cities, such as Miami, Nashville and Las Vegas, where the population has surged in recent years, it has become worse.
These cities also attracted more companies and tourists during the pandemic. Local roads, built decades ago for a much smaller population, are struggling to accommodate the new reality.
‘They way underestimated their growth,’ said Robert Cervero, professor emeritus of city and regional planning at the University of California, Berkeley, College of Environmental Design.
The traffic tie-ups aggravated by the newcomers threaten to become a drag on economic growth. Miami residents lost 105 hours to traffic jams on average in 2022, according to Inrix, up 30% from 2019. Nashville’s lost hours over the same period rose 13% to 41. Other Sunbelt metropolitan areas with worsening delays include Las Vegas; Sarasota, Fla.; St. Petersburg, Fla.; and Savannah, Ga.
Bad traffic hurts regional economies because people lose time they could be spending working. Shops and restaurants miss out on customers who can’t reach them.
Gridlock also threatens to make regions less competitive. Sunbelt cities have attracted migrants from the Northeast and California partly because of their low cost of living. A big, suburban house in the south can cost less than a one-bedroom apartment in Brooklyn. But longer travel times force more people to crowd closer to city centers where homes are scarce, pushing up housing costs and making cities like Nashville and Miami less affordable.”
What does this mean?
The “Fail Train” is accelerating…
This is the big reason we chose to do Ripped From The Headlines… so you can be out in front of what’s coming.
Take note of what’s happening… the top rating agency in the world JUST CHANGED ITS OUTLOOK ON THE US BANKING SYSTEM TO NEGATIVE CITING A RAPIDLY DETERIORATING ENVIRONMENT.
If they can scare you enough…
With a situation they created…
They can pay off the people that need to be paid, and make it look like a mistake…
They can also provide you with a solution you’ll take… like the Central Bank Digital Currency (“CBDC”).
Hegelian Dialectic (Problem - Reaction - Solution) is hard at work.
That ain’t good.
Why Should I Care?
Because this is going to be your future if you don’t do something about it:
You are going to save yourself.
You should care.
What Should I Do?
Given where we’re at, we want to share our recommendations for things to do:
Grab some precious metals at SherlocEZ.com.
Grab supplies at 4Patriots.
Get started on a food forest at Food Forest Abundance.
Share this newsletter with everyone you know. Steal the content. Repeat.
YOUR FUTURE DEPENDS ON IT.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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