JUST IN: Moody’s has downgraded New York Community Bank’s, $NYCB, credit rating to junk.
— The Kobeissi Letter (@KobeissiLetter) February 7, 2024
Just 11 months ago, New York Community Bank acquired the collapsed Signature Bank.
Their acquisition of Signature Bank has pressured the bank as they attempt to meet new regulatory… pic.twitter.com/WyQfBTon4y
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Check out the Federal Reserve Home page. It states, “The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.”
😳🤣🤣🤣
The plebes even believe it. Got gold?
I’ve always gotten a kick out the cry to “audit” the Fed. They won’t say “abolish.” Best info I know is “Creature From Jekyll Island” by G. Edward Griffin.
I would not hold savings in US dollars nor at any financial institution at this stage. If you haven’t yet, you have a few weeks left, move your money out of banks, safe deposit boxes, etc.
If you have cash savings on deposit (CD’s, interest bearing accounts, etc.), you should take that cash and pay off debt as best you are able. As cash savings act as a life-preserver in normal times, debt will be an anchor around your neck. Safe deposit boxes will not be safe, either. Money in your hand is about all you can trust (I said Money, not federal reserve notes).
Bail-ins are coming, a bank holiday was what they used in the past. Oh yes, this has happened before, you learned about in your history class no doubt….
Down another -11.43% @ 10:44 am