Popular Articles
Today Week Month Year


David Morgan: Many regional banks in the US will COLLAPSE in 2023
By Kevin Hughes // May 22, 2023

Precious metals expert David Morgan expects half of the regional banks in the U.S. are going to collapse this year.

He made this prediction during an appearance on the "Health Ranger Report," telling the Health Ranger Mike Adams that there are between 4,600 and 4,800 regional banks in the country. Citing another personality with a strong internet following, Morgan said he believes half of that number will fail before 2023 ends. In response, Adams said his prediction of half a dozen banks collapsing was more conservative than that of his guest.

"It's made a lot of sense to me over the years, and that's possible. They're all interconnected," said Morgan, also the publisher and CEO of The Morgan Report. As an example, he noted that a particular regional bank might be made up of 300 banks – including its total holdings. If these regional banks collapse, they would be consolidated under the aegis of a bigger bank that serves as the money center. (Related: Moody's downgrades ratings of 11 regional banks as banking instability continues.)

"I'm not trying to scare anyone, but there's a consolidation at hand. That's very obvious. The powers that be want the regional banks to fail. They want to put it on the money center banks [so] they can consolidate their control," remarked the precious metals expert.

"[This] means you've got your all-seeing eye looking over the entire world. And it's one entity that controls everything – that's their AI. That's what they're shooting for."

Meanwhile, Adams mentioned that he feels sorry for the depositors when banks collapse. However, this feeling does not extend to the banksters, bank principals and shareholders – which he dubbed as crooks taking people's money and throwing it into unprofitable instruments. According to the Brighteon.com and Natural News founder, many of the banks aren't doing their business of paying attention to risk and watching over depositors' money.

Human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity's knowledge base about nutrition, herbs, self-reliance, natural immunity, food production, preparedness and much more. We are preserving human knowledge using AI technology while building the infrastructure of human freedom. Use our decentralized, blockchain-based, uncensorable free speech platform at Brighteon.io. Explore our free, downloadable generative AI tools at Brighteon.AI. Support our efforts to build the infrastructure of human freedom by shopping at HealthRangerStore.com, featuring lab-tested, certified organic, non-GMO foods and nutritional solutions.

Morgan agreed, pointing out that capitalism has been blamed for the problem. However, the real culprit is crony capitalism that deprives people access to some financial exchanges merely for what they believe in. Real capitalism, Morgan said, comes with the right to succeed or fail.

Adams: Americans are going to be forced into CBDC

The Health Ranger remarked that Americans are now going to be forced into digital money, in the form of central bank digital currency (CBDC). He cited the Federal Reserve's FedNow payment system as a precursor to this. The push for CBDCs has brought up some questions for Adams, especially in light of the failures of Silicon Valley Bank, Signature Bank and First Republic Bank.

According to him, he would rather trust a private peer-to-peer (P2P) cryptocurrency instead of a CBDC. If banking goes digital, Adams would much prefer a decentralized digital currency than a CBDC which is under constant government surveillance. Morgan seconded the Health Ranger's preference for a P2P model and called on Americans to decentralize.

People have all been enslaved at one level or another because of the current system, said the precious metals expert. Thus, Americans need a system where they can take the power back. A P2P system gives this power back to the people in whatever form – crypto, silver coin or precious metals.

Follow MarketCrash.news for more news about the bank failures happening in America.

Watch the full interview between Mike Adams and David Morgan below.

This video is from the Health Ranger Report channel on Brighteon.com.

More related stories:

David Morgan warns: Dollar crash looms as cryptocurrency collapse shocks speculators.

Precious metals can help make your portfolio invincible amid financial collapse, says David Morgan.

Three more banks see stock trading HALTED, financial sector collapse contagion accelerates as migrant INVASION staged for US southern border.

The banking collapse of 2023 is now officially bigger than the banking collapse of 2008.

Top 25 US banks lose $89.7B after withdrawals surge following collapse of SVB and Signature Bank.

Sources include:

Brighteon.com

TheMorganReport.com



Take Action:
Support NewsTarget by linking to this article from your website.
Permalink to this article:
Copy
Embed article link:
Copy
Reprinting this article:
Non-commercial use is permitted with credit to NewsTarget.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.

NewsTarget.com © 2022 All Rights Reserved. All content posted on this site is commentary or opinion and is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published on this site. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
News Target uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Close
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.