Bank run on America

 3 American banks failed, Silicon Valley Bank, Signature Bank and First Republic Bank, and one more coming. Not sure how many more on the way. This is only just the beginning of the collapse of American banks. Many depositors are queuing to take out their monies from American banks. The bank run on American banks is starting, slowly, not reported in the main media, but would gather speed.

To bail out each failed bank would cost the US a few hundred billion dollars. The bailout of the two failed banks is said to be about $400b. How much more money must the US print if the dominoes start to fall?

These are relatively small, yes, relatively small bank runs. The biggest bank run on America has started and would follow the same pattern, starting small but would increase in speed and the slow depositors would end up getting nothing when there is no money left to return to the depositors.

The biggest bank run of the century, the selling of US Treasuries, has begun, ...bank run on the Fed. Initially it was Russia, China  and Japan selling. Russia has practically sold everything and holding no American Treasuries. China and Japan combined have sold a more than US$700b over the last few years with the bulk in 2022. 2023 would definitely see the amount at least double.

The selling by China and Japan is manageable and with the Fed raising interest rates, this may slow down the decline. But the raising of interest rates is hurting American banks, like the Silicon Valley Bank for starters. So raising interest rates is not a solution. The banks' collapse is planned and executed but meant to collapse countries and foreign banks with the rapid hikes in interest rates. Fortunately only Sri Lanka and Pakistan were hit. And unfortunately, unplanned, American banks were hit instead. Now at least 6 American banks are facing risk of bank runs with more expecting. This move would further undermine the credibility, trustworthiness ad integrity of the American banks and banking system. This follows the weaponising of the dollar and SWIFT banking system. The Americans have engineered their own collapse and downfall.

To make matters worse, the steam roller in dedollarisation is on the run and gathering steam. This is creating a fear in the diminishing role of the US dollar and its value in international trade. Big banks have started to trim their holdings of the dollar and buying gold. The big run is sovereign states starting to dump the US dollars. And these states are not just states on the other side of the fence, but American allies like France, Germany, Saudi Arabia and many countries all over the world. The icing is Israel. Yes Israel is also dumping US dollars and in percentage terms, is the biggest seller of US Treasuries.

Israel is not your average state but the closest allies of the US. When Israel starts dumping, it is serious. The Jews are about the most intelligent people in the world, and the most careful and prudent in managing wealth and the manipulation of wealth. The Jews must have seen something big coming and are switching to Yuan to hedge their savings and reserves.

The bank run on America cannot be kept under wrap anymore. The trickle is turning into a flow and soon the dam would burst. Any country hesitating and think it is safe to hold on to US Treasuries would live to regret their decisions. Start the sell out, run first for safety. There is not much time left before the US would close the door and freeze the selling of US Treasuries in the market, just like closing the banks from a bank run.

The BRICS nations are targetting August 2023 for the roll out of an alternative international currency to compete and may even replace the dollar. The clock is ticking. Bank run on America has started!