Please compare the number of banks that failed during subprime crisis happend on year 2008-2010 and the current 4 banks that just failed recently due to drastic move of interest rate by Federal Reserve to counter the high inflation after covid-19 after too much of quantitative easing by all centrel bank around the world.

We are not going to stop here with just only 4 banks collapsed, we will see more and more banks to declare themselves out of business.
Just seat tight and let us withness the history in making.

In the means time pls protect your own wealth with a lot of physical gold, we never know whether the contagion effects of bank collapse with hit our nation or not.
We just need to buy some insurance for our family. Yes we need physical gold.

For record

1. Silvergate bank asset $11b
2. Silicon Valley Bank (SVB) asset = $209b
3. Signature Bank asset = $110b
4. First Republic Bank asset =$230b
5. Credit Suisse asset =CHF531b (USD478b)

#pgbo
#publicgold

The three banks that failed this year were bigger than 25 that crumbled in 2008 (even adjusted for inflation)

Source: Willem Middlekoop

#banking #economy

Dato Wira Louis Ng