During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
As you've no doubt seen on the news, our economy is facing uncertain times ahead. Inflation continues to skyrocket, the Fed has been failing us left and right, and the government is in shambles. As it stands, your money is not safe. But there is hope, the Inflation Survival Plan will tell you everything on how to not only survive, but actually thrive through this harsh economic change.
They point out that assets under management for money funds has now exceeded $5.1 trillion, up over $300 billion over the past four weeks. They also counted the biggest weekly flows to cash since March 2020, the biggest six-week inflow to Treasurys ever, and the largest weekly outflow from investment-grade bonds since Oct. 2022.
Gold futures traded mostly higher on Friday, but struggled to hold above the key $2,000-an-ounce level, as banking-sector fears spread to Germany's Deutsche Bank, contributing to a slide in the U.S. stock market.
Silver prices also climbed, rising to their highest level in more than six weeks.
DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
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