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 this accounting sham equals 10 percent more than 10 percent of the U.S currency Supply hi this is Mike Maloney and once again I was going through the news on my own website goldsilver.com that's where I get sort of a condensed version of what has targeted version of what has been happening I want to know about the economy I don't want to know about the latest car crash or the latest sports hero so in scrolling through here the very first thing the three largest banks that blew up this year were not even on the

fdic's problem list and you click through and you will find an article from Wall Street on parade and uh this is by Pamela Martens and Russ Martin's and they are probably the best investigative reporters out there when it comes to really digging deep into what the Federal Reserve is doing the treasury and the big Banks they really keep an eye on things and they are excellent at making analysis of this but as you scroll down through here um the banks that were on the fdic's list uh there were 39 banks that had that

they thought might be a problem that had combined assets of 37.5 uh billion dollars but the banks that actually blew up Silicon Valley signature and uh and then later uh was first Republic uh had a total of 551 billion between those three Banks and so they missed the mark that that's 11 and a half more than 11 and a half times more eleven and a half times larger than the FDIC thought could possibly happen that is how badly I mean it is more than a one thousand percent error it's huge uh they were just so Off the

Mark not even noticing what was going on but as you read further the situation gets even scarier you know this to me is the time to be preparing for something big we have been given a little reprieve here I don't think this reprieve is going to last forever there's going to be a second wave of crisis when you look a little further you'll see that it says that the U.S banking system's market value of assets is 2.2 trillion dollar lower than suggested by their Book value of assets accounting for loan portfolio

portfolios held to maturity uh now you know and it lists JP Morgan and uh there's Bank of America Citigroup and Wells Fargo are included in here and uh 2.2 trillion these numbers just go over everybody's heads these days but that the entire M2 currency Supply is uh just over 20 trillion so this is more than 10 percent of the U.S currency Supply is the error that the banks are making and uh you know they write these loans and the loan has a value uh when written but as interest rates go up the secondary value

there's the value on the secondary Market if they want to sell that loan if they need uh capital for some reason if a bunch of people show up and want currency they have to sell an asset to provide that currency if you want to take out physical dollars from the bank or move your deposits to another bank that bank which is what happened to Silicon Valley Bank uh if people want to move their deposits uh they have to sell those loans and a loan that was written at three or four percent is not as

valuable as a brand new loan coming out at six percent or something like that you know with interest rates with the FED funds rate up at five and a quarter so uh the value of all those loans that are on their books that were written at low interest rates has plunged by 2.2 trillion dollars but the banks are allowed to just uh keep it on their books as held to material maturity if the uh person that took out the loan just continues making the payments this is what that loan is worth so that's how

they keep it on the books uh but uh what's uh interesting in this article they call that held to maturity or HTM one expert in the field calls it hide till the maturity which I think is great just hide this thing until mature but uh what you're talking about here is just an immense amount of semi-fraudulent accounting I guess it you know it isn't completely illegal but it should be uh hiding uh and a potential uh threat to the economy that this this accounting sham equals 10 more than 10 percent of the U.S currency

Supply I highly suggest reading this article uh it shows you that things are not over with that there is a second leg of uh this financial crisis and when it happens it's going to be far worse than the for the first leg was just that was a speed bump it was nothing uh Silicon Valley and First Republic uh this this really didn't add up to much in the big scheme of things but it did add up to 11 times more 11 and a half times more than the FDIC was expecting and preparing for and analyzing it totally uh went right

over their heads just uh they they missed it completely and toward the end of the article one of the things that uh Pam and Russ do say here that their analysis is excellent I highly suggest reading this article like I said but the FDIC did re provide the figure of 7.7 trillion dollars of total uninsured deposits so deposits that people have that are that do not fall under FDIC and like I said these figures you know these when when everybody's throwing around figures now that are in the trillions

and it just flies over people's heads this is 37 of the U.S currency Supply that is in uninsured deposits so get ready for the next Crisis protect yourself I hope you can actually do well and profit during this crisis instead of being a victim of what is basically an evil monetary system it's set up it's completely fraudulent and the more you look into it the more you will find that out go to ggsr21.com click on online chapters here and that'll take you to chapter this chapter four we'll show you exactly

you'll you'll understand how the monetary system works it's free we're not even going to try and get your email address but if you like these videos and you want more education like this if you do decide to buy gold and silver please consider buying it from us we put more Financial education out there we produce more content than anybody else in this space and uh and a lot of it is a very original research research such as what Pam and and Russ are doing over at Wall Street on Parade I want to thank Pam and

Russ and I want to thank you for watching we'll see you next time