Central banks are buying gold at a record pace in anticipation of fiat currency collapse. Meanwhile, the commercial banking sector is imploding. Just today, three more banks were halted on the stock exchange as their stock prices collapsed.
Those three banks are PacWest Bankcorp, Western Alliance and Metropolitan Bank.
More bank failures are imminent. Fiat currencies are collapsing (by design). The goal of the corrupt establishment is to take out the small and mid-sized banks, and leave just a few giants standing, holding all the assets. JP Morgan, anyone?
Once the small and mid-sized banks are destroyed, the powers that be will initiate the final collapse of the dollar and attempt to force everyone into Central Bank Digital Currencies (CBDCs), which will be the final nail in the coffin of human freedom.
Just yesterday, I interviewed Chris Olson, the CEO of Treasure Island, about this very scenario. That interview is featured in today’s hard-hitting Brighteon Broadcast News episode shown below.
I also interviewed Michael Yon about the globalist invasion being staged through the UN-funded migrant camps in Panama (near the Darien Gap).
and this
Regional banks plunge in value by up to 45% as shockwaves from First Republic’s collapse continue to reverberate
First Republic was seized by California banking regulators Monday, and its assets sold to JP Morgan Chase
It was hoped the move would calm markets, but by the close of trading on Tuesday some regional banks saw their share price plummet
Part of the concern is the Federal Reserve’s interest announcement at 3pm ET Wednesday: Many expect rates to rise again and put more stress on the system
h/t Coastie Patriot