BLS lied about jobless claim. Q2 will be bank-run galore!A wipeout like never seen before. History in the making.
You think its only SVB, Silvergate and Signature Bank? Think again.
Check out this article: www.visualcapitalist.com
As I mentioned again & again, Q2 will be bank run galore. Western Alliance Bancorp's deposit fell 11%.
Barclays says $1.5T outflow into money markets (Equities/ETF/Indices/Bonds/Crypto), reported by Bloomberg.
JPMorgan says bank could run out of reserves if pace of capital flight continues.
Sharks are smelling blood and ready to pounce. Hence, TD Bank is on their crosshair as speculators are shorting $3.7B against Toronto-Dominion bank.
More banks will be in their crosshairs. Big money to be made.
Oh yeah and also, Janet Yellen and Sleepy Joe Biden, always claim that US economy is strong due to lowest unemployment rate.
They love to cling to this "lowest unemployment rate" ammunition by BLS, which is a BIG LIE. Layoffs are going on at breakneck speed, McDonald's and Walmart are the latest addition.
What data of unemployment are they looking at? I have always knew that the data is manipulated to hide the truth from the people, by purpose or not, that's irrelevant.
As I mentioned before, it is also a fiduciary duty of nation leaders to not cause panic, even though the house is on fire.
Now BLS says jobless claim exploded after "Revision", according to ZeroHedge.
Every sector is cutting headcount. From tech to fast-food chain.
By Sifu Steve @ XeroAcademy