Banks Going Bust

Before you proceed - please note that I am NOT personally familiar with the ins and outs of banking or the way Wall Street operates.

I received the following links and images a short while ago from an astute subscriber (VHP) and thought it best to use them immediately in this standalone newsletter.

Forewarned being forearmed, for some time we personally have used a credit union for essential purposes, but we are also very accustomed to dealing with the Mattress Bank (or something like it). Our favorite tellers are Mr Smith and Miss Wesson, backed up by the manager, Mr Mossberg.

We switched to that bank some time back because there have been plenty of experts, Clif High among them, who have been saying for quite a while that we should expect the big banks to start going broke...which means there is an inevitable trickledown effect.

I'm not sure, but I'm hoping credit unions will be less likely to experience the domino effect, but don't take my word for it.

What follows is the copy and paste of some of the text and links, and the images that tell their own story. I have not yet had time to research all the links, so I'll leave it to you to do your own due diligence.

All the best.

Michael Knight.

PS - Clif High has recorded two audio reports today about the banking situation - I have not listened to them yet, but I will. There is a link to those audios on his substack site at the end of this report.