Originally published at: First Republic Bank Has Failed | Infostormer.com
It looks like First Republic Bank has just failed. There is talk about it being taken over by the government.
JUST IN: 🇺🇸 US Government prepares immediate takeover of First Republic Bank $FRC, Reuters reports.
— Watcher.Guru (@WatcherGuru) April 28, 2023
This is the second largest bank failure in American history with the 3rd and 4th biggest failures happening just before this one.
Largest US bank failures of all time
1st Washington Mutual – $386 billion
2nd First Republic – $233 billion
3rd SVB – $209 billion
4th Signature Bank – $118 billion3 of these have occurred in the last 2 months
— Macro Dose (@macro_dose) April 28, 2023
Look at all of the banks that have collapsed in just the past few months.
Since March, these banks have collapsed:
– First Republic, $FRC, the 14th largest bank
– Silicon Valley Bank, 16th largest bank
– Silvergate, 147th largest bank
– Signature Bank, 29th largest bank
– Credit Suisse, 45th largest bank in the world— unusual_whales (@unusual_whales) April 28, 2023
The lying Jew Jim Cramer claims that this bank failure marks the end of the banking crisis.
Jim Cramer: “The collapse of First Republic bank could mark the end of the banking crisis” pic.twitter.com/GqSHQwnenO
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) April 29, 2023
Yeah sure Jim.
There’s going to be many more failures to come. The Wall Street Journal of all outlets put out a report a short while ago saying that close to 200 American banks are in a state similar to those that have already failed.
As I’ve said before, you are going to be in trouble if you do not have at least some assets outside of this crumbling system. This means physical gold, silver and Bitcoin. Real estate or other physical property is good also. Just make sure you also have some type of means to protect all of it. This means some type of firearm.
I only personally keep a minimal amount of money I need to function on a daily basis in a bank account. That way if the bank I have my money in fails, it isn’t a life altering event.
Here’s Jeremiah Babe’s latest video. He gets into the First Republic Bank fiasco as well as other general economic doom issues. It is worth watching if you want more details on what’s happening in this failing economy.