Off, and on for the past two years, I’ve talked about the coming banking failures, financial crises, and impending economic collapse of America. Countless truther podcasters have covered this impending disaster many times over.
All of the signs and indicators are there. If you can’t see what’s at our doorstep it’s because you don’t want to. We cannot say that we weren't warned.
Gerald Celente:
“The banks are going to go bust. The banks are going to go bust. What happened last year around this time with the bringing down of the Silicon Valley Bank, with the Silicon Conman bank, and First Republic. Nothing, nothing compared to what you're going to see.
We're going to see a banking crisis the likes of which we’ve never seen in modern history!Link to my cover video:
EMERGENCY ALERT: Bank Runs Are Starting & the Media Is Covering It Up w/ Dr. Kirk Elliott
Man in America Mar 11, 2024
Opening excerpts from the transcript of the interview.
Seth Holehouse:
Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse.
So last week's show, talking about finance, we talked about the impending issues with the banks.
March 11th, the billionaires pulling their money out of the stock market, etc.
Well, that is already accelerating. We're already seeing the beginnings of bank runs. A very large bank, New York Community Bank, has had its stock tank.
They've lost $6 billion in deposits. CNN rushes to say, oh, it's not a bank run.
What is it? So things are happening. Significant things are happening.
Honestly, I think the next couple of weeks, we're going to see major shifts happening in the banking industry. So folks, this is going to be a very important, it's only about a 20 minute interview, but it's a hard hitting discussion about what's really happening with the banks. So please enjoy the interview.
Kirk, as usual, it's great to have you on. How's it going?
Dr. Kirk Elliot:
I'm doing really well. How are you doing? There are a lot of beautiful things in life. I mean, it really, there really is.
Seth Holehouse:
And you've got so much fun happening in this new chapter for you with, I mean, just so awesome, but at least you're looking like you are getting a little bit of sleep.
Dr. Kirk Elliot:
Am I right? Yeah, I am. We're figuring it out. We're figuring out the nursing schedule and everything. So it's, it's going great.
Seth Holehouse:
Um, so you and I did a show that we just published last week. Um, and then into this week about the March 11th. And really about this, a lot of speculation that there's a lot of turmoil that's going to be hitting for the banks.
We talked about how all these different billionaire groups, whether it's the Waltons of Walmart or Zuckerberg or Bezos, Buffett, they're pulling billions out of the stock market.
Banking news is looking bad, but as we were just talking about before we started recording, we're already seeing. So this whole idea that there's going to be potentially another round of bank collapses and bank runs It's already here. I'll pull up this one article, which I think is funny to start with.
So New York Community Bank has already started to have bank runs and it's already starting to have some major issues. It's a pretty big bank. So here, again, I pull up CNN intentionally. CNN's headline, customers are pulling their cash from New York Community Bank, but it's no bank run. Like how funny is that?
You got the first paragraph here. It says, customers of New York Community Bank have pulled $6 billion worth of deposits between February 5th and March 5th, which is 7%. So they've pulled $6 billion out of this bank. But it's not a bank run, right? It's a mostly peaceful riot that's burning down the city.
So we've got that, which I'll let you talk about that. But I also just want to pull this other article up about how U.S. bank profits have dropped 44% in Q4 as big firms cover failed bank costs. So there's a lot more to go on about this, but I just want to hand it back over to you. And what do you think about these two different articles juxtaposed compared to our recent discussions?
Dr. Kirk Elliot:
Yeah, so the recent discussions, I mean, to me, this is not rocket science, but I believe that a banking crisis is truly upon us. This is why we warned about it last week and the week before. It's like this is going to be Silicon Valley Bank times 10. This is going to be like bank runs on steroids. The fact that that first article that you mentioned said $6 billion exodus out of deposits in a month. But it's not a bank run? What? I mean, if it looks like a duck, quacks like a duck, walks like a duck, it's a duck, right? So this is a bank run.
And here's the problem.
So you add that to the March 11th story that we discussed last week. We're now emergency funding sunsets on March 11th. So when you go back to Silicon Valley Bank a year ago, right? That's when this happened was a year ago. To the day, literally, Silicon Valley Bank went down on March 11th of 2023. Funding for the banks sunsets on March 11th of 2024. These people in charge, they're very symbolic with their numbers. And I think that this thing is really weird.
Now I'm not saying that every bank in the world is going to go under on March 11th, but when you have banks like New York community bank that are going to need emergency funding, this is how they stopped bank runs after Silicon Valley is with the, the, um, the bank temp funding program, the BTFP that we talked about last week. So people were applauding the Fed.
It's like, look, whatever you guys did, this was amazing. You stopped bank runs because we had Signature Bank and Silicon Valley and Silvergate and Credit Suisse and First Republic and then nothing. It's like whatever they did was amazing, right? No, it wasn't amazing. But what they did do worked.
It was emergency stimulus money that was being injected to cancerous toxic banks so it would stop a bank run. Now that that's gone, really, now that that's gone and you've got New York Community Bank, which why are they in trouble? We have to start asking why.
So they're in trouble because they have way too much commercial real estate exposure. Okay, commercial real estate's hitting the skids. And B, they bought Signature Bank. They were the bank that basically consolidated Signature Bank when Signature Bank went under. So for them to think that they could buy a multi-billion dollar bank when they're a multi-billion dollar bank. It's not like they're that difference in size.
So when you purchase toxic assets to think that your balance sheet isn't going to become toxic, you're stupid, right? I mean, it doesn't make sense.
Now, if you're JP Morgan Chase and you bought out a $6 billion toxic bank,
JP Morgan is so big, it dilutes it so much that it wouldn't really make a difference, right? But if they bought 20 or 30 or 40 of those banks, well, now it would make a difference, even with JP Morgan Chase, right?
So this is the problem with New York Community Bank. So when the story broke that the emergency funding was going to end on March 11th, they came out with this at the end of January. Prices, share prices tanked down 70% in January alone. Now, what happened last Friday?
The news came out that, well, actually $6 billion left in the last 30 days.
Well, their share price went down another 24% in one day on Friday alone. So this bank is in trouble. But to me, it's the symbolic first sacrifice, right?
I think that what's coming is going to be all kinds of bank failures coming."The banks are going BUST and they planned it" Gerald Celente | Redacted with Clayton Morris
Redacted Mar 11, 2024
Trends Forecaster Gerald Celente joins us with the very latest troubling trends he's watching right now including the collapse of small and regional banks. We're also watching gold hit all time highs. Coincidence? You can sign up for the Trends Journal and save 10% with our link: https://redacted.inc/trends
Opening excerpts from the transcript of the interview:
Clayton Morris:
Gold hits an all-time high. Banks go bust. The US border Invasion gets worse. Apple ditches its electric car project. Commercial real estate collapse unfolds. All of all these things are happening right now. Our next guest predicted all of them. So how can any one person do this?
Well our next guest is one of our favorite guests here on redacted and our audience asks for Gerald Celente to come back regularly. He is of course the founder of the Trends Journal. Which of course forecasts what we're about to see many months before we actually see it.
And Gerald welcome back to the show. We had you on right at the new year. And we did our big 2024 predictions forecast. And you have the big Trends Journal predictions for 2024. And I can't believe I was going through it, I was going through how many of the forecasts that you nailed on our show back then a few months ago have already started happening. Gold just hit an all-time high so you guys have been nailing this.
Gerald Celente:
Yeah uh it's you know I've been at this for 44 years. 
Rumble link to the interview:
"The banks are going BUST and they planned it" Gerald Celente | Redacted with Clayton Morris
Redacted News Mar 11, 2024
Trends Forecaster Gerald Celente joins us with the very latest troubling trends he's watching right now including the collapse of small and regional banks. We're also watching gold hit all time highs. Coincidence?
The Truth Is Stranger Than Fiction!
You Want The Truth, You Can’t Handle The Truth!
There Are None So Blind As Those Who "Will - Not" To See!
You Can’t Wake Up - If You Don’t Know That You Are Asleep!
Bank Failures Already Underway - We're Going To See A Banking Crisis The Likes Of Which We’ve Never Seen In Modern History!