The pending March 11 2024 banking hell

[Eric J (Viking)]

🤷🏻‍♂️

https://www.google.com/search?client...&oe=UTF-8#ip=1
About 1,100,000,000 results

I wonder what kind of chaos is gonna ensue from this due to our incredibly STUUUUUUUPID debt based economy.

Sample snip on one article:

Why economists are warning of another US banking crisis

March 2024 is making investors nervous. A major scheme to prop up the US banking system is ending, while a second may be winding down. Some economic commentators fear another banking crisis. So how worried should we be?

The red letter day is March 11, when US central bank the Federal Reserve will end the bank term funding program (BTFP), a year after it began in response to the failures of regional banks Signature, Silvergate and Silicon Valley. These banks were brought down by customers withdrawing deposits en masse, both because many were tech or crypto businesses that needed money to cover losses, and because there were better savings rates available elsewhere.

This damaged the banks’ profitability at a time when raised interest rates had already weakened their balance sheets by reducing the value of their holdings in government bonds. Silvergate failed first but Silicon Valley Bank’s collapse on March 10 was particularly memorable. It triggered a bank run by announcing it needed to raise capital after being forced to sell bonds at a loss.

End snip
https://theconversation.com/why-econ...-crisis-224092

From RMN

[ExomatrixTV]

• The 2024 Real Estate & Bank Crisis has Begun:

Source: https://youtube.com/watch?v=4q8qlq5VQSQ

0:00 Video Overview
0:44 History Shows Us This
4:49 Bank Failure Patterns
8:33 Hard Times Are Coming to Small Banks
10:57 How to Play This

• It's MARCH! (Ready for a Banking Crisis?)
• Why economists are warning of another US banking crisis
  

• Fed Likely to End Bank Funding Program in March 11, 2024
• Bank Term Funding Program set to expire March 11, 2024
• ‘Difficult to defend’ renewal in normal environment: Crandall

• More Banks Will Fail: 11Th March Signals Hell As Commercial Real Estate Foreclosures Double:

Source: https://youtube.com/watch?v=GWwDfS32Slk

• Will the Federal Reserve End The Bank Term Funding Program on March 11, 2024

March 11th Financial Market Doomsday: Act Now for Wealth Building


TLDR The potential impact of the Bank term funding program ending on March 11, 2024 could lead to a financial market doomsday, but the key to building wealth is to consistently buy and hold assets over time, regardless of market conditions.

Key insights

• 🗓️
  March 11th is causing concern due to the potential impact on banks and their ability to supply cash to depositors.
• 💸
  The crash of 2022 caused banks to lose billions in customer deposits due to declining asset values.
• 💰
  The Bank term funding program ending on March 11, 2024 could lead to a financial market doomsday due to the $164 billion still owed by Banks.
• 📉
  Concerns about the market crashing on March 11th due to banks not having the money, but the Federal Reserve may delay the short-term loans.
• 💰
  The key to building wealth is to consistently buy and hold assets over time, regardless of market conditions.
• 💰
  "Just buy blue chip good historically proven performers, that's the key guys."
• 💰
  "If you're in the building stage of wealth you better be in the market 365 so that you don't miss any of the rally days."

source

[ExomatrixTV]

• Something Very Strange Is Happening... Are They Trying To Tell Us Something?!

Source: https://youtube.com/watch?v=IDmntfO1oVQ

00:00 - Intro
01:00 - They Are All Selling Assets
05:23 - What Are They Doing With Their Money?
07:35 - No Bunkers For You
13:07 - Where Are They Going?

[ExomatrixTV]

• A Major 1971 Style Dollar Reset Announcement Is Coming:

Source: https://youtube.com/watch?v=9pHD0QZWjvw

[ExomatrixTV]

• What's going on? Jeff Bezos sells $8.5bn of amazon stock THIS MONTH