Unrealized Losses on Securities at Commercial Banks

Unrealized Losses on Securities at Commercial Banks

US banks like JP Morgan Chase, Bank of America, Wells Fargo, and Citigroup are quietly revealing massive unrealized losses as footnotes on their quarterly financial reports humming to the tune of $558 billion USD. These footnotes were the very reason people started to pull out their money ranging anywhere from +$1k to +$100M USD from banks like Silvergate Capital, Silicon Valley Bank, Signature Bank, and First Republic leading their collapse. Additionally a well known banking insider has stated the US banking system only has a few months (6 at the most) before its eventually collapse - he said this with 99% certainty - the only reason it wasn’t 100% is that it hasn’t happened yet.

This doesn’t mean you won’t have access to your US fiat currency (USD) it means the money you have will be worthless (similar to how Venezuelan fiat is deemed as actual paper waste). The question is how do you protect yourself against this collapse. The answer resides in two must have assets; real gold (or silver) and digital gold (bitcoin). These two things are going to be the key to surviving this imminent banking collapse in order to get essential items needed to survive as trading fiat currency such as the US dollar for goods and services will simply not be an option.

JM Bullion is a top rated source to purchase real gold and silver.

Get your crypto today on Phemex a US friendly cryptocurrency exchange at the link below and claim up to $5,000 USD in signup, deposit, and trading bonuses.

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