Do You Know What an Absolute Mess Our Financial System Is?

Do you know exactly how weak and risky our entire financial system is and what that means to your savings? You would be amazed at how many people have no idea. Maybe that is why gold makes up about 1% of all financial assets as crazy as that fact may be. But that is where the opportunity comes in. The facts and numbers regarding the US financial system are absurd and outrageous. How did we get here? How have we lost our way so quickly? Grab your popcorn, sit back, and enjoy the show. I hope climate protesters don’t interrupt the writing of this blog today.

Do you know the banking system is leveraged and very dangerous?

The banking system is based on a fractional reserve banking system. That means that only a fraction of our money is available at any given time. Our deposits are technically loans from bank customers to the banks. There were 14,000 banks in the 1980s. In 2008 there were 10,000 banks, now there are 4,600. It is extremely hard to withdraw large amounts of money from your bank account. Our bank accounts are being spied on and our bank information is being shared with many different contractors and agencies according to many recent lawsuits filed and whistleblowers.

The 4 biggest banks Bank of America, Citigroup, Chase, and Wells Fargo control $4 trillion in uninsured deposits. $7 trillion in all banks are uninsured deposits. The 25 largest US banks have seen the largest fall in deposits in 38 years, close to a trillion dollars. The FDIC, an independent organization, insures $12 trillion in deposits but has $128 billion in assets. These same banking institutions control trillions of dollars of risky financial derivatives. 83% of US Bank Derivatives are held by 5 banks. These banks include JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, and Morgan Stanley.

The 2008 bank bailout was $700 billion, today it could be close to $20 trillion. Australia has made its banking system cashless. Did you know exactly how risky our banking system is? The first bank failure of 2024 just occurred as Republic Bank was taken over by Fulton Bank. The FDIC lost $667 million on the deal. Three of the largest US bank closures occurred in 2023.

Do you know that the US dollar as the world reserve currency is waning?

The dollar was 73% of global reserves 20 years ago; today it is near 58%. 20% of the global oil bought and sold in 2023 was in currencies outside of the dollar. Foreign central banks have been net sellers of US debt since 2014. 10 countries are members of BRICS and 27 want to join. The Middle East, the Far East, and Russia are dumping US Treasuries and buying gold. Did you know that many countries are doing more oil business in their own “local currencies”? The US shot itself in the foot when the Biden administration sanctioned Russia in 2022 and weaponized the dollar and dollar reserves. Other countries see this, and I am sure they are making efforts to “de-dollarize.”

Do you know that the purchasing power of our dollar is dwindling?

$1 in 1933 is now worth about $.03. It takes $29.63 to buy today what $1 bought in 1913. $100 in 1971 would have the same purchasing power as approximately $745 today. $1 in 1971 is worth about 15 cents today. $1 in 1999 is worth about 55 cents today. $1 of gold in 1971 is now worth $8 of gold. The dollar has lost 98% of its value versus gold since 1971. Groceries that cost $19.83 in 1990 now cost $72.28.

Our currency on average is losing over 5% a year under Joe Biden. Between 1999 and 2023 the Fed “printed” nearly $8.5 trillion in new money. Our paper money has merit but it is losing tremendous value. Is our money anything more than digits on a screen? The higher gold price is the admission of fraud and corruption in our system and our currency. Did you realize that throughout history fiat currencies ultimately move to their intrinsic value, zero?

Do you realize that a sovereign debt crisis is quickly approaching?

Spending and borrowing have brought US debt to $34.6 trillion and interest rates are higher. 40% of all personal income taxes paid are being used to just service our debt. The national debt is $264,000 per taxpayer. $34 trillion would make a stack of $100 bills 19,000 miles high. Our government is adding $1.2billion in debt per hour. US Government debt is increasing by approximately $200 billion per week. Our government overspends by $10 billion every day. And it gets better.

Our government is on a pace of $1 trillion in new debt every 100 days. Annual government spending will be $10 trillion by 2033; it was $6.3 trillion last year. Annual deficits are $2 trillion now, and likely $3 trillion by 2030. It now costs over $1 trillion annually to service our past debts. $50 trillion in debt at 4% is about $1.5 trillion a year in interest cost. $50 trillion in debt at 8% is about $3 trillion a year in interest cost. The US Constitution was to prevent Washington from getting too big for its britches. Did you realize just how big this debt problem is? The whole world is in debt over its skies.

Do you realize our financial privacy is eliminated with a CBDC?

More than 114 countries are pursuing a Central Bank Digital Currency (CBDC) right now. A CBDC will be monitored and it would be programmable, allowing our money to be turned on and off. The digital system could be the deep state’s last middle finger as it fades off into the night. Our money will be stuck in a system that is sure to fail. Did you realize that at that point it would be too late to move any of your money back out of their system? All your money was stuck!

The White House is proposing a 44% capital gains tax. The mental patients in the government have taken over the asylum. Gold is the best insurance against a rotten system that money can buy. The real inflation-adjusted price of gold of $850 in 1980 is $29,200. The real inflation-adjusted price of silver of $50 in 1980 is $1,350. Gold is not a way to get rich, gold is a way to not be poor.

Are Americans ready to see prices skyrocket and the value of their assets crash? The job of gold is to make sure you and your families are not collateral damage in the coming financial war. The largest asset on the US Financial Statement is $1.4 trillion of “Federal Direct Student Loans”. Did you realize how utterly pathetic this whole financial situation is? Prepare yourself to hear the word “stagflation”. Stagflation is slower growth and higher prices. It’s extremely dangerous for such a risky system we are in. Did you realize that it is more important than ever to protect your assets with gold while you still can?

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