Regular eggs are a staple in many people’s daily diets. They are an iconic breakfast item and are used in baked goods. Most people would agree that fresh eggs taste the best (and are the best for you), but they have a relatively short shelf life. Their prices have become unpredictable, and there may come…

The post What Are Powdered Eggs and How Long Do They Last? appeared first on Survival Cache.

Canned foods are a staple item in most pantries, and they are a long-term food item most preppers recommend. This is because canned food is relatively affordable, comes in a variety of options, is pre-cooked, and – when stored properly – canned food will last many years. All of these characteristics are great…unless you don’t…

The post How To Open A Can Without A Can Opener appeared first on Survival Cache.

I would encourage all of us to watch Israel very carefully in the coming days, because I believe that we could soon see some incredible events take place.  In particular, I am specifically watching for a couple of things.  Rumors of an imminent war between Israel and Iran are starting to reach a crescendo, and I am entirely convinced that such a conflict could potentially erupt this year.  Also, I am closely watching for an announcement about the discovery of the Ark of the Covenant.  Needless to say, such an announcement would be the greatest archaeological bombshell in history.  The current location of the Ark has been kept very quiet for a long time, but the Israeli government is not going to be able to keep a lid on this indefinitely.  And when the truth finally comes out, literally everything will change.

Let me start my discussion by talking about the coming conflict between Iran and Israel.  It is one of the “3 Wars Of The Apocalypse” that I wrote about earlier this month.  Israeli Prime Minister Benjamin Netanyahu is pledging that he will do whatever is necessary to stop Iran from building their own nuclear weapons, and he realizes that Israel has now reached put up or shut up time.

It won’t be too long before this war begins, and earlier today we learned that the U.S. and Israel are currently conducting drills “thought to be focused on Iran”…

Israeli fighter jets and refueler aircraft on Sunday began a two-week air drill with the US Air Force at an airbase in Nevada, a joint activity thought to be focused on Iran, with officials saying the exercises would include long-range flights and simulate strikes in unfamiliar enemy territory.

The seven F-35I fighter jets and two Boeing 707 refueling planes of the Israeli Air Force had been arriving at Nellis Air Force Base since Wednesday, ahead of the drill, known as Red Flag 23-2.

Meanwhile, there are rumors on social media that the Iranian military has been put on “high alert”.

According to local sources, Iran has put its military forces on high alert.

What is the reason for this is not specified. pic.twitter.com/RCK3LJeXGL

— 301 Military (@301military) March 14, 2023

And there are also reports that a top Israeli military official is publicly admitting that the campaign against Iran’s nuclear program “has already started”.

ALERT: Israeli army chief says IDF campaign vs. Iran’s nuclear project has already started in some dimensions, no further details provided on military actions taken so far.#Israel #Iran #BreakingNews

— NEWS ALL TIME (@NEWS_ALL_TIME) March 14, 2023

We will want to keep a very close eye on these developments, because a major war in the Middle East would send energy prices into the stratosphere and would throw the entire global economy into a state of chaos.

As I stated at the beginning of this article, I am also watching for news concerning the Ark of the Covenant.

It has been missing for more than 2,600 years, and as an article posted on MSN recently noted, there are some experts that wonder whether it ever existed at all…

The Ark of the Covenant remains one of history’s enduring mysteries. It’s certainly one of archaeology’s most perplexing puzzles. Did this gold-plated wooden box said to house the stone tablets on which the Ten Commandments were written ever exist? If so, what happened to it? And where might this legendary artifact be hidden?

Of course the truth is that it does exist, but it has been missing for a really long time.

In fact, after the Temple was destroyed by the Babylonians in 586 B.C., it totally disappeared from history…

The last known location of the Ark of the Covenant was in the First Temple’s Holy of Holies. However, after the Temple’s destruction in 586 BCE, it disappeared.

So where in the Ark today?

The answer is actually very simple.

It is still in the cave under the Temple Mount where Jeremiah hid it in order to keep it from being captured by the Babylonians.

Jewish authorities know exactly where it is.

And we know exactly where it is.

And they know that we know that they know exactly where it is.

So they won’t be able to keep this quiet for too much longer.

Incredibly, I also believe that the discovery of the Ark of the Covenant in the last days is mentioned in the Bible.

Daniel 9:27 tells us the following…

And he shall confirm the covenant with many for one week: and in the midst of the week he shall cause the sacrifice and the oblation to cease, and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.

Most Bible scholars are convinced that the “he” in this verse refers to the Antichrist.

However, there is a massive problem with that theory.

In the original Hebrew of Daniel 9:27, “he” does not exist at all.

So wherever you see “he” in Daniel 9:27 in your English translation, you should cross it out because it is simply not there.

Translators added “he” several times in that verse because they thought it was appropriate, but that was a big mistake.

If you go back and translate the verse from the original Hebrew, it gives it a whole new meaning.

The first clause of verse 27 consists of just five Hebrew words.

The first Hebrew word is “gabar”, and it means “to confirm”, “to be strong” or “to strengthen”.

Obviously, you only “confirm” or “strengthen” something that already exists.

The second Hebrew word in that clause is “beriyth”.  That word is translated as “covenant” 264 times in the King James Version, and in the vast majority of cases it refers to the covenant that God made with Israel.

In fact, “beriyth” is actually used in that manner earlier in the same chapter.

In Daniel 9:4, the Hebrew word “beriyth” is used to specifically refer to God’s covenant with Israel..

And I prayed unto the LORD my God, and made my confession, and said, O Lord, the great and dreadful God, keeping the covenant and mercy to them that love him, and to them that keep his commandments;

Do you think that the exact same Hebrew word will have two radically different meanings when used twice in the exact same chapter?

Anyone that believes that is treading on very thin ice.

The third Hebrew word in the first clause of Daniel 9:27 is “rab”, and that word is often translated as “many” in English translations.

The fourth Hebrew word in the first clause of Daniel 9:27 is “shabua”, and that can be translated as “a period of seven” but more commonly in our English versions it is translated as “week”.

The fifth Hebrew word in the first clause of Daniel 9:27 is “echad” which means “one”.

So let’s put all of these Hebrew words together.

A corrected translation of the first clause of Daniel 9:27 would go something like this…

“The Covenant will be confirmed (or strengthened) with many for one week”.

Let me ask you a question.

When that happens, what will it look like?

Needless to say, God could do this any way that He wanted to do this.

But throughout history, the Ark of the Covenant has always been the physical representation of God’s covenant with Israel.

So the discovery and public unveiling of the Ark would definitely “confirm” that God’s covenant with Israel has always existed and that it still exists today.

And once the Ark is revealed, it will need somewhere to dwell.  So there would be a tremendous sense of urgency to build a new temple or a new tabernacle for it in Jerusalem.

We really are living in the “End Times”, and I personally believe that a historic announcement about the discovery of the Ark of the Covenant is one of the most important signs that we should all be anticipating.

So keep watching Israel, because really big events are just around the corner.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The post Watch Israel, Because I Believe That Events Of Historic Significance Could Soon Happen appeared first on End Of The American Dream.

Nebraska preppers face many of the same threats as anyone else in America: civil collapse, EMP, natural disasters, etc. However,…

This article %Nebraska Preppers – What You Need to Know% appeared first on %SHTF Blog – Modern Survival%.

This article was originally published by Micahel Snyder at the Economic Collapse Blog under the title: 2nd Biggest Bank Failure In U.S. History – “We Found Our Enron” – “On The Verge Of A Much Bigger Collapse Than 2008”

The wait for the next “Lehman Brothers moment” is over.  On Friday, we witnessed the second-biggest bank failure in U.S. history.  The stunning collapse of Silicon Valley Bank is shaking the financial world to the core.

As of the end of last year, the bank had 175 billion dollars in deposits, and approximately 151 billion dollars of those deposits were uninsured.  In other words, a lot of wealthy individuals and large companies are in danger of being wiped out.  In particular, this is being described as an “extinction-level event” for tech startups, because thousands of them did their banking with SVB.  I cannot even begin to describe how cataclysmic this is going to be for the tech industry as a whole.

There is so much to cover, so let me try to take this one step at a time.

Rumors of trouble at SVB had sparked a massive bank run in recent days, and regulators moved quickly on Friday to permanently shut the bank down…

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money.

We haven’t seen anything like this in a very long time.

In fact, it is being reported that this is the second biggest bank failure in all of U.S. history…

The closure marks the biggest bank failure since the 2008 financial crisis and the second-largest in U.S. history after Washington Mutual collapsed during that industry-wide meltdown, according to FDIC data.

As of the end of December, the Santa Clara, California-based bank — the 16th largest bank in the country — had $209 billion in assets with more than $175 billion in deposits. As with other FDIC-member banks, SVB deposits are insured up to $250,000 per depositor.

The good news is that anyone that had less than $250,000 in the bank will be covered by FDIC insurance…

The FDIC’s standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category. The FDIC said uninsured depositors will get receivership certificates for their balances. The regulator said it will pay uninsured depositors an advanced dividend within the next week, with potential additional dividend payments as the regulator sells SVB’s assets.

Whether depositors with more than $250,000 ultimately get all their money back will be determined by the amount of money the regulator gets as it sells Silicon Valley assets or if another bank takes ownership of the remaining assets. There were concerns in the tech community that until that process unfolds, some companies may have issues making payroll.

Unfortunately, as I noted above, the vast majority of the deposits with SVB exceeded the $250,000 threshold and were thus uninsured…

As we noted before, while the FDIC noted that SVIB had $175BN in deposits as of Dec 31, note that some $151.5BN of these are uninsured, which means they get exactly zero although a sizable number of them likely pulled their deposits in the past few days.

As SVB assets are liquidated, hopefully, those that had uninsured deposits at SVB will eventually see some of their money.

But for now, many of them are facing a complete and total nightmare.

For example, one tech CEO named Ashley Turner is freaking out because she had “at least $10m deposited with SVB”…

Ashley Tyrner, CEO of Boston wellness firm FarmboxRx, said she had at least $10m deposited with SVB and has been frantically calling her banker. She said it had been ‘the worst 18 hours of my life.’

Can you imagine how she must be feeling at this moment?

Sadly, she is far from alone.

The CEO of YCombinator, Garry Tan, says that what we are looking at is an “extinction-level event” for tech startups…

There are thousands of US startups that banked at SVB, often as their *sole bank*. $250K per account is not going to last long.

The #1 pressing issue for these startups is *payroll* – you can’t have people work if you can’t pay them.

This means mass furlough.

It might mean thousands of startups die before the FDIC gets through its receivership process and releases the funds.

From what I hear, there are venture debt options coming from providers like Brex, but we’re going to need *a lot* of options in order to avoid a mass shutdown of all American startups in the next few weeks.

This is an *extinction level event* for startups and will set startups and innovation back by 10 years or more.

I wish that I could tell you that he is wrong.

But I cannot.

When news of what was being done to SVB hit Wall Street, bank stocks started falling precipitously.

Nothing to see here. Just stocks of U.S. banks experienced a carnage. Everyone from top dogs like JP Morgan and Bank of America to all the local banks got clobbered.

But they are all too big to fail. They will get bailed out.

(Remember that bankers control everything in the… https://t.co/XuLbKyChMR pic.twitter.com/WhSrb3ttKt

— S.L. Kanthan (@Kanthan2030) March 9, 2023

Is this the beginning of a horrifying new crisis for the financial industry?

Well, Michael Burry is suggesting that the collapse of SVB could be “our Enron”…

Michael Burry, the eccentric investor featured in the 2015 film “The Big Short,” warned: “It is possible today we found our Enron.”

And billionaire Bill Ackman is already suggesting that the federal government should bail out the bank…

Billionaire investor Bill Ackman says the US government should consider a “highly dilutive” bailout of Silicon Valley Bank amid jitters about its financial position.

The bank’s failure “could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash,” Ackman said in a series of tweets on Thursday. “If private capital can’t provide a solution, a highly dilutive gov’t preferred bailout should be considered,” he said.

At this point, I doubt that Congress will be willing to do anything.

But if that doesn’t happen, Ackman is warning us that there could soon be bank runs at other major banks…

He added: “The risk of failure and deposit losses here is that the next, least well-capitalized bank faces a run and fails and the dominoes continue to fall.”

“That is why gov’t intervention should be considered.”

Once the dominoes start falling, it will be difficult to stop the process.

In fact, the situation is already so dire that Peter Schiff is proclaiming that we are “on the verge of a much bigger collapse than 2008”…

“The U.S. banking system is on the verge of a much bigger collapse than 2008,” said economist Peter Schiff, known for his dire predictions.

“Banks own long-term paper at extremely low interest rates. They can’t compete with short-term Treasuries. Mass withdrawals from depositors seeking higher yields will result in a wave of bank failures.”

Of course, a lot of the “experts” in the mainstream media never saw this coming.

Just last month, CNBC’s Jim Cramer was actually telling his viewers that they should buy SVB stock…

CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.

“The ninth-best performer to date has been SVB Financial (the bank’s parent company). Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”

Cramer listed SVB Financial among his “biggest winners of 2023 … so far” alongside blue-chip stocks such as Meta, Tesla, Warner Bros. Discovery, and Norwegian Cruise Line.

Unfortunately, SVB’s situation is not unique.

Thanks to rapidly rising interest rates, many other banks are also sitting on mountains of Treasury bills that have lost a lot of value…

Banks are big investors in assets like Treasury bills because they need lots of safe places to park their cash. Many financial institutions piled into these investments during a period of historically-low interest rates that spanned the early years of the pandemic, as banks took in tons of new deposits and lending was somewhat restrained.

But now the Fed is hiking rates at a rapid clip, with Fed Chair Jay Powell warning earlier this week the central bank may have to speed up the pace of its rate increases to cool the economy further. The problem that creates for banks is simple: higher rates lower the value of their existing bonds.

For an extensive breakdown of why this is causing so much distress for our banks right now, I would highly recommend reading this excellent article.

As I have been telling my readers, our system simply cannot handle higher rates at this point.

But the “experts” at the Fed assured all of us that they knew exactly what they were doing.

Now they have caused one of the biggest bank failures in U.S. history, and much worse is on the way if they do not reverse course.

But I don’t expect the “experts” at the Fed to listen to any of us.

They are just going to keep doing what they are doing, and we are all going to have to live with the consequences.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to the new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Major employers all over America are announcing mass layoffs, but the mainstream media continues to insist that everything is just fine.  Every month the Biden administration gives us numbers that suggest that the economy is stable, and most mainstream reporters willingly go along with that narrative.  But anyone with half a brain should be able to see that we are headed for big economic trouble.  The housing bubble is imploding, food prices just keep rising, and we haven’t seen a wave of layoffs like we are currently witnessing since the days of the Great Recession.

One of the things that I appreciate about Challenger, Gray & Christmas is that they don’t have a political axe to grind.  They just report the facts, and their latest report tells us that announced job cuts in the United States are running 427 percent higher than they were at this time in 2022…

So far this year, employers announced plans to cut 180,713 jobs, up 427% from the 34,309 cuts announced in the first two months of 2022. It is the highest January-February total since 2009 when a total of 428,099 job cuts were announced in January and February.

Let those figures sink in for a moment.

When the number of planned layoffs is running 427 percent higher than a year ago, your economy is moving in the wrong direction very rapidly.

And the latest report from Challenger, Gray & Christmas doesn’t even include any of the job cut announcements that we have seen so far in March.

For example, it is being reported that General Motors will be offering a “voluntary” exit to the majority “of its 58,000 U.S. white-collar employees”…

General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra.

The “Voluntary Separation Program,” or VSP, will be offered to all U.S. salaried employees who have spent five or more years at the company as of June 30. Outside of the U.S., the automaker will offer buyouts to executives with at least two years of time at the company.

General Motors is insisting that these are not “layoffs” because employees will get an opportunity to make a choice.

But we are also being told that workers will be “strongly encouraged to consider” the program.

In other words, nobody will be forced out the door, but a significant amount of arm-twisting will be taking place.

Meanwhile, I just learned that Johnson & Johnson has decided to lay off hundreds of workers…

Johnson & Johnson is letting go of nearly 350 employees in the surgical robotics space, according to layoff notices filed in California at the beginning of this month.

The WARN notices list layoffs involving 292 workers at Auris, 47 at Verb Surgical, and four at Ethicon Endo-Surgery. All of the jobs were based in Santa Clara County; the layoffs are effective April 30.

The “tsunami of layoffs” that we have been warned about is here.

It is really happening.

If you lose your job in the months ahead, you can blame the Federal Reserve.

After pushing interest rates all the way to the floor and flooding the system with unprecedented amounts of new money, the Federal Reserve has reversed course.

Now Fed officials are dramatically hiking interest rates and are rapidly reducing the size of their balance sheet.

As a result, money supply growth has actually turned sharply negative…

Money supply growth fell again in January, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. January’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.

Our system is not designed to handle this sort of a rollercoaster ride.

So there will be more layoffs.

And the housing market will continue to crash.

And more major financial institutions will be in peril.

In fact, it is being reported that a very important bank in California could potentially be on the verge of collapse…

Is the bursting of the tech bubble finally spilling over to the financial system?

One day after the biggest crypto-focused bank, Silvergate Capital, announced plans to unwind and liquidate after a deposit run effectively killed its core business model, this morning its far larger peer – the parent company of the venerable Silicon Valley Bank, SVB Financial Group – saw its shares plunge the most in more than two decades after the company took “steps to bolster its financial position” that included not only a highly dilutive stock offering but also a panicked asset sale that sparked fears of a liquidity crisis at one of the biggest and original providers of funding to the Venture Capital industry.

The Santa Clara-based company’s shares sank by as much as 60% on Thursday, their biggest decline in the company’s history since going public in 1987.

This is a really big story.

It has even been suggested that this could possibly be another “Lehman Brothers moment” if the financial position of the institution cannot be stabilized.

This news was part of the reason why stock prices were way down once again on Thursday…

The S&P 500 slid 1.85% to end at 3,918.32, while the Dow Jones Industrial Average dove 543.54 points, or 1.66%, to settle at 32,254.86. The Nasdaq Composite shed 2.05% to finish at 11,338.35.

Thursday’s losses brought the Dow to close below its 200-day moving average for the first time since Nov. 9. For the week and year, the 30-stock index is down 3.4% and 2.7%, respectively.

I am going to be watching the financial markets very carefully in the weeks ahead.

Trouble is brewing.

Hopefully the recent slide that we have been witnessing will not become an avalanche.

But if the Federal Reserve continues to go down this road, it will inevitably cause a tremendous amount of chaos.

For a very long time, the Fed artificially propped up our financial system.  Unfortunately, now the artificial support has been removed, and that is really bad news.

We all knew that a day of reckoning would arrive eventually, but hopefully we have at least a little bit more time before our financial system starts coming apart at the seams.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The post So Far In 2023, Announced Job Cuts Are Running 427 Percent Higher Than They Were At This Time In 2022 appeared first on The Economic Collapse.

The wait for the next “Lehman Brothers moment” is over.  On Friday, we witnessed the second biggest bank failure in U.S. history.  The stunning collapse of Silicon Valley Bank is shaking the financial world to the core.  As of the end of last year, the bank had 175 billion dollars in deposits, and approximately 151 billion dollars of those deposits were uninsured.  In other words, a lot of wealthy individuals and large companies are in danger of being wiped out.  In particular, this is being described as an “extinction level event” for tech startups, because thousands of them did their banking with SVB.  I cannot even begin to describe how cataclysmic this is going to be for the tech industry as a whole.

There is so much to cover, and so let me try to take this one step at a time.

Rumors of trouble at SVB had sparked a massive bank run in recent days, and regulators moved quickly on Friday to permanently shut the bank down…

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money.

We haven’t seen anything like this in a very long time.

In fact, it is being reported that this is the second biggest bank failure in all of U.S. history…

The closure marks the biggest bank failure since the 2008 financial crisis and the second-largest in U.S. history after Washington Mutual collapsed during that industry-wide meltdown, according to FDIC data.

As of the end of December, the Santa Clara, California-based bank — the 16th largest bank in the country — had $209 billion in assets with more than $175 billion in deposits. As with other FDIC-member banks, SVB deposits are insured up to $250,000 per depositor.

The good news is that anyone that had less than $250,000 in the bank will be covered by FDIC insurance…

The FDIC’s standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category. The FDIC said uninsured depositors will get receivership certificates for their balances. The regulator said it will pay uninsured depositors an advanced dividend within the next week, with potential additional dividend payments as the regulator sells SVB’s assets.

Whether depositors with more than $250,000 ultimately get all their money back will be determined by the amount of money the regulator gets as it sells Silicon Valley assets or if another bank takes ownership of the remaining assets. There were concerns in the tech community that until that process unfolds, some companies may have issues making payroll.

Unfortunately, as I noted above, the vast majority of the deposits with SVB exceeded the $250,000 threshold and were thus uninsured…

As we noted before, while the FDIC noted that SVIB had $175BN in deposits as of Dec 31, note that some $151.5BN of these are uninsured, which means they get exactly zero although a sizable number of them likely pulled their deposits in the past few days.

As SVB assets are liquidated, hopefully those that had uninsured deposits at SVB will eventually see some of their money.

But for now, many of them are facing a complete and total nightmare.

For example, one tech CEO named Ashley Turner is freaking out because she had “at least $10m deposited with SVB”…

Ashley Tyrner, CEO of Boston wellness firm FarmboxRx, said she had at least $10m deposited with SVB and has been frantically calling her banker. She said it had been ‘the worst 18 hours of my life.’

Can you imagine how she must be feeling at this moment?

Sadly, she is far from alone.

The CEO of YCombinator, Garry Tan, says that what we are looking at is an “extinction level event” for tech startups…

There are thousands of US startups that banked at SVB, often as their *sole bank*. $250K per account is not going to last long.

The #1 pressing issue for these startups is *payroll* – you can’t have people work if you can’t pay them.

This means mass furlough.

It might mean thousands of startups die before the FDIC gets through its receivership process and releases the funds.

From what I hear, there are venture debt options coming from providers like Brex, but we’re going to need *a lot* of options in order to avoid a mass shutdown of all American startups in the next few weeks.

This is an *extinction level event* for startups and will set startups and innovation back by 10 years or more.

I wish that I could tell you that he is wrong.

But I cannot.

When news of what was being done to SVB hit Wall Street, bank stocks started falling precipitously.

Nothing to see here. Just stocks of U.S. banks experienced a carnage. Everyone from top dogs like JP Morgan and Bank of America to all the local banks got clobbered.

But they are all too big to fail. They will get bailed out.

(Remember that bankers control everything in the… https://t.co/XuLbKyChMR pic.twitter.com/WhSrb3ttKt

— S.L. Kanthan (@Kanthan2030) March 9, 2023

Is this the beginning of a horrifying new crisis for the financial industry?

Well, Michael Burry is suggesting that the collapse of SVB could be “our Enron”…

Michael Burry, the eccentric investor featured in the 2015 film “The Big Short,” warned: “It is possible today we found our Enron.”

And billionaire Bill Ackman is already suggesting that the federal government should bail out the bank…

Billionaire investor Bill Ackman says the US government should consider a “highly dilutive” bailout of Silicon Valley Bank amid jitters about its financial position.

The bank’s failure “could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash,” Ackman said in a series of tweets on Thursday. “If private capital can’t provide a solution, a highly dilutive gov’t preferred bailout should be considered,” he said.

At this point, I doubt that Congress will be willing to do anything.

But if that doesn’t happen, Ackman is warning us that there could soon be bank runs at other major banks…

He added: “The risk of failure and deposit losses here is that the next, least well-capitalized bank faces a run and fails and the dominoes continue to fall.”

“That is why gov’t intervention should be considered.”

Once the dominoes start falling, it will be difficult to stop the process.

In fact, the situation is already so dire that Peter Schiff is proclaiming that we are “on the verge of a much bigger collapse than 2008”…

“The U.S. banking system is on the verge of a much bigger collapse than 2008,” said economist Peter Schiff, known for his dire predictions.

“Banks own long-term paper at extremely low interest rates. They can’t compete with short-term Treasuries. Mass withdrawals from depositors seeking higher yields will result in a wave of bank failures.”

Of course a lot of the “experts” in the mainstream media never saw this coming.

Just last month, CNBC’s Jim Cramer was actually telling his viewers that they should buy SVB stock…

CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.

“The ninth-best performer to date has been SVB Financial (the bank’s parent company). Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”

Cramer listed SVB Financial among his “biggest winners of 2023 … so far” alongside blue-chip stocks such as Meta, Tesla, Warner Bros. Discovery, and Norwegian Cruise Line.

Unfortunately, SVB’s situation is not unique.

Thanks to rapidly rising interest rates, many other banks are also sitting on mountains of Treasury bills that have lost a lot of value…

Banks are big investors in assets like Treasury bills because they need lots of safe places to park their cash. Many financial institutions piled into these investments during a period of historically-low interest rates that spanned the early years of the pandemic, as banks took in tons of new deposits and lending was somewhat restrained.

But now the Fed is hiking rates at a rapid clip, with Fed Chair Jay Powell warning earlier this week the central bank may have to speed up the pace of its rate increases to cool the economy further. The problem that creates for banks is simple: higher rates lower the value of their existing bonds.

For an extensive break down of why this is causing so much distress for our banks right now, I would highly recommend reading this excellent article.

As I have been telling my readers, our system simply cannot handle higher rates at this point.

But the “experts” at the Fed assured all of us that they knew exactly what they were doing.

Now they have caused one of the biggest bank failures in U.S. history, and much worse is on the way if they do not reverse course.

But I don’t expect the “experts” at the Fed to listen to any of us.

They are just going to keep doing what they are doing, and we are all going to have to live with the consequences.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The post 2nd Biggest Bank Failure In U.S. History – “We Found Our Enron” – “On The Verge Of A Much Bigger Collapse Than 2008” appeared first on The Economic Collapse.

When it rains, it pours.  On the exact same day that we witnessed the second largest bank failure in U.S. history, Wells Fargo experienced an unprecedented nationwide computer glitch that caused countless numbers of account holders to have “incorrect balances” and “missing transactions”.  This is yet another example that demonstrates why it is never wise to put all of your eggs into one basket.  If you have all of your money in just one bank, you may wake up one day and find that you are suddenly not able to access any of it.  For years I have been telling my readers to spread their assets around, because our banking system is far more vulnerable than most people realize.

In particular, I have never been a fan of Wells Fargo.

It has been embroiled in controversy for years, and now this massive “computer glitch” has happened…

A nationwide computer glitch at Wells Fargo left irate customers with incorrect balances and missing transactions Friday morning, sometimes dipping accounts into negative balances.

Funds remain available, even though some customers’ direct deposit transactions were not showing on their accounts, bank spokesman Josh Dunn said.

Dunn did not say how many customers were impacted by the problem and did not provide a time when customers can expect the issue to be resolved. But he said Wells Fargo was “working quickly on a resolution.” As of 4:30 p.m. Friday, Dunn could not say when the problem would be resolved.

The number one thing that you should want from any bank is security.

And right now Wells Fargo seems to be severely lacking in this area.

When users tried to log into their online banking apps, they received a very alarming message…

It’s not clear what might be causing the direct deposit issue or when it might be resolved, but Wells Fargo posted a message at the top of its online banking app saying: “If you see incorrect balances or missing transactions, this may be due to a technical issue and we apologize.”

Needless to say, a lot of account holders were not pleased.

Wells Fargo is further proof to keep cash on hand for use. In the blink of an eye, a computer glitch or whatever, your funds are inaccessible.

— SD (@SDWilliby) March 10, 2023

i do not like to feel massive panic immediately upon waking but wells fargo decided to give me that gift this morning

— Katy Barber (@katy__kakes) March 10, 2023

I woke up to overdraft protection emails. @WellsFargo better have a good explanation because I had a paycheck yesterday

— aegyo tired leader @ htx (@_hasesuns) March 10, 2023

Wells Fargo has me like this at 9am on payday. I will definitely be closing my accounts. #WellsFargo pic.twitter.com/qFGVpaWyFY

— trav (@kingtravvv) March 10, 2023

Of course those that have their money in Silicon Valley Bank are in much worse shape.

Rumors had caused a huge run on the bank in recent days, and regulators moved very quickly on Friday to permanently shut it down…

The Federal Deposit Insurance Corporation (FDIC) says it has seized control of Silicon Valley Bank (SVB), confirming the lender was shut down by California regulators amid a run on the bank.

The FDIC said in a press release that SVB was closed on Friday by the California Department of Financial Protection and Innovation, which in turn appointed FDIC as the receiver of all insured deposits of the bank.

Those that have less than $250,000 deposited with SVB will be covered by FDIC insurance.

But as I detailed in an article that I posted earlier today, the vast majority of the funds deposited with SVB are not covered by FDIC insurance.

Some depositors are literally in danger of losing millions of dollars, and that should deeply alarm all of us.

Meanwhile, there are now rumors that another major bank on the west coast may be in jeopardy…

Concerns have quickly shifted to other banks that might be in trouble. First Republic, another West Coast-based bank whose shares are down more than 30% since Wednesday, tried to reassure investors. In an unusual statement midday Friday, it said tech companies only account for 4% of its deposits and that less than 15% of its total assets are invested in securities like bonds.

Is this the start of a new financial crisis?

Some experts that were interviewed by CNN claim that this is not the case…

Mike Mayo, senior bank analyst at Wells Fargo, said the crisis at SVB might be “an idiosyncratic situation.”

“This is night and day versus the global financial crisis from 15 years ago,” he told CNN’s Julia Chatterley Friday. Back then, he said, “banks were taking excessive risks, and people thought everything was fine. Now everyone’s concerned, but underneath the surface the banks are more resilient than they’ve been in a generation.”

Similarly, former US Treasury Secretary Larry Summers told Bloomberg News Friday that he saw “no systemic risk” if the situation “is handled reasonably,” adding he had “every reason to think that it will be.”

You can believe them if you want.

But as I explained earlier today, SVB got into trouble because they were sitting on mountains of Treasury bills that rapidly lost value once the Fed started aggressively hiking interest rates.

Unfortunately, there are lots of other banks that are in the exact same position.

The financial day of reckoning that I have been warning about for a very long time appears to be rapidly approaching, and most Americans are not prepared for it at all.

If you have all of your money in a single institution, or if you have more than $250,000 in a single bank, I would encourage you to consider taking action while you still can.

Things are starting to get really crazy out there, and you don’t want to find yourself exposed when the music stops playing.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The post Wells Fargo Customers Have “Incorrect Balances And Missing Transactions” Due To An Absolutely Massive “Nationwide Computer Glitch” appeared first on End Of The American Dream.

A modern cellphone is a powerful tool, and the modern prepper should not gloss over the potential usefulness of prepper…

This article %12 Survival Prepper Apps to Download in 2023% appeared first on %SHTF Blog – Modern Survival%.

Germany’s energy crisis continues to worsen and power cuts are coming. The country could face an electricity shortage in the next two years as its own energy resources become increasingly insufficient and demand rises.

Germany’s Public Now Favors Nuclear Power

Not to mention, the Nord Stream pipeline destruction that devastated the already hammered energy supply. Welt am Sonntag reported on Sunday, citing a local McKinsey study, that by 2025 the country will lack some four gigawatts of power capacity, while by 2030 the deficit will increase to 30 gigawatts, according to a report by RT.

“So we’re heading toward a significant shortage: 30GW corresponds to the capacity of about 30 large thermal power plants,” the study warned. Analysts claim the country will not be able to cover its energy needs with its own resources at peak loads, and by 2030 up to 100 power outages may occur, with the longest phase lasting about 21 hours. The analysts also warned that Berlin will not be able to give up gas in the next ten years.

“Our scenario analysis shows that natural gas will have to play a role in the electricity mix in the future. It is therefore important to reduce import dependency by diversifying suppliers. Part of the strategy must also be to make more green hydrogen available for power generation,” analysts stated, adding that Germany must also ensure it can obtain electricity from neighboring European countries, which requires innovation and expansion of networks.

Russia: Evidence U.S. Is Guilty Of Destroying Nord Stream Is “More Than A Smoking Gun”

The McKinsey study contradicts a recent report by the country’s Federal Network Agency (funded by the ruling class), which said the power supply would be secure for the next decade even if electricity consumption increases significantly.

Bloomberg reported that by 2030 Germany will have to spend at least $1 trillion to increase energy production from renewable sources. The German grid regulator and think tank Agora Energiewende estimates that Germany will face a one-third increase in demand by 2030, which means the country’s power plants will need to generate about 250 gigawatts of additional electricity by that time.

Nord Stream Sabotage Was US Covert Op: Seymour Hersh Bombshell Prompts White House Response