Ripped From The Headlines, March 20, 2023
200 More Banks At Risk Of Implosion, Amazon Lays Off 9000 More, Sherloc Exposes On National Radio - #Read, #Share, & #Subscribe - SherlocExposes.com
We Are The Watchmen On The Wall
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“Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: the value of the assets they hold.
There are 186 banks across the country that could fail if half of their depositors quickly withdraw their funds, a new study published on the Social Science Research Network found.
Even insured depositors — those with $250,000 or less in the bank — could have problems getting their cash if these institutions face the sort of run that SVB saw a week ago.
The concern is that these banks hold a significant amount of their assets in interest rate-sensitive financial instruments like government bonds and mortgage-backed securities. The value of those older, low-interest investments dropped sharply as the Federal Reserve hiked interest rates over the past year.
Now, the study shows that a slew of those other banks could be vulnerable to the same developments if a high percentage of worried customers start trying to withdraw their deposits.
‘Our calculations suggest these banks are certainly at a potential risk of a run, absent other government intervention or recapitalization,’ the economists wrote.
The study looked at banks’ asset books nationwide, and found an estimated $2 trillion loss in their market value.”
“Amazon.com Inc (AMZN.O) on Monday said it would axe another 9,000 roles, piling on to a wave of layoffs that has swept the technology sector as an uncertain economy forces companies to get leaner.
In a remarkable turn for a company that has long touted its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9% of its roughly 300,000-strong corporate workforce.
The latest cuts focus on Amazon's highly-profitable cloud and advertising divisions, once seen as untouchable until economic concerns led business customers to scrutinize their spending.
The decision follows a near-endless drumbeat of layoff news in the technology sector that has seen some of the world's most valuable corporations, among them Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O), sever ties with staggering numbers of employees they once courted in droves.”
Sherloc Exposes Co-Founder Discusses #SVB & Banking System Implosion On Salem Nation Radio Network
“SherlocExposes.com co-founder RC Williams join the Officer Tatum Show on the Salem Radio Network with Carl Jackson, to discuss Silicon Valley Bank (#SVB(, Nationalizing Banks, FedNow, #CBDC, and more. This interview provides information critical to thriving in the coming crisis.”
“Hangin’ On By A Thread” Monday, Ripped From The Headlines. Things To Ponder:
“Federal Government: We Got It Covered! - Oh Wait… No, We Don’t… Make Stuff Up, Quick!”
Yep, the US Federal Government is at it again…
They opened their mouth on Friday about not bailing all banks out, and then Saturday, 200 mid-sized banks asked for their “fair share” of FDIC guarantees… that same day, a study showed that 200 banks in the US were at risk of collapse if people ran on them…
Yikes.
THEN, the central banks of the world decided on Sunday to get together and provide the US liquidity. Click Here to read that article.
Ask yourself this: If the central banks have to get together to provide liquidity to the US Banking system, is there something wrong?
That’s The Right Question.
“The Economy Is GREAT! Just Look At the Layoffs!”
Sounds funny… but it’s true…
The layoffs part, not the economy part.
Let’s be honest…
Things aren’t good…
Numbers are made up… and tweaked to tell whatever story is needed…
And firms are laying people off…
What your gut is telling you…
…is Right.
Listen to it.
Be Vigilant, & Prepare.
What does this mean?
The economy Your future is hanging in the balance… literally.
The people running things have no clue how to fix the problem… Even if they did, it’s too big to fix now.
They’ll be using any assets you have left in their hands (i.e.: pensions, 401k’s), and rob you blind to try and “fix” the problem.
You’ll be less wealthy, with fewer supplies, and less freedom to speak your mind.
Those aren’t good things.
Why should I care?
There’s so much to unpack…
Your wealth…
Your legacy…
Anything you plan to leave for future generations…
Getting the basics to live…
All of these things are teetering on the edge.
You should REALLY care.
What Should I Do?
Start thinking about the basics that people will need, and look at those things as potential avenues to protect yourself and as an investment.
Do you know why Berkshire Hathaway’s stock is so expensive?
They touch 90% of your life every day, and you don’t even realize it. That’s inflation/deflation/recession/depression insurance. You’ll still need toilet paper and toothpaste.
You should also tell as many people as you can about what’s happening. Don’t leave people behind, while we still have a window to help them.
A quick way to do that: Share this newsletter… heck, take from it, and do your own. We give you permission…
Take the time to learn more about Parallel Economies, and find alternatives to the things you use today… food, money, and transportation.
GET MOVING ASAP.
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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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
Have a tip on a story, case, or issue that needs to be covered? Email us: asksherloc@protonmail.com. Confidentially assured.