Bidenomics Fallout: Banks on the Verge of Collapse as White House Claims Americans are “Wrong” for Being Concerned about Economy

(NEW) President of the United States Joe Biden delivers remarks on a possible default of the debt in a speech at Westchester Community College in Valhalla, New York. May 10, 2023. U.S. President Joe Biden discusses why Congress must avoid default immediately and without conditions, and how the House Republican Default on America Act will cut veterans’ health care visits, teachers and school support staffs, and Meals on Wheels for seniors. Credit: Kyle Mazza/TheNews2

The Biden regime has done everything in its power to convince voters that the U.S. economy is humming along while simultaneously REFUSING to fix any of the issues it actually has – and now, shits about to hit the fan.

A new report from the Federal Deposit Insurance Corporation (FDIC) has revealed that the U.S. banking system is on the brink of a complete COLLAPSE, and yes, President Joe Biden is to blame.

The FDIC report exposed some $517 billion in unrealized losses within the U.S. banking system and things are certainly not trending in the right direction.

Unrealized losses are losses on paper which can result from holding an asset that has decreased in price. Only when these assets are sold do these losses become realized.

However, unrealized losses are considered to be an EXTREME liability for banks should they suddenly need liquidity, meaning that if these banks need cash for any reason and are forced to sell their devalued assets they would see massive losses which could completely implode the American banking system.

And this number has been going up.

 

FDIC states in its report, “Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter. Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase. This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in first quarter 2022.”

Of course, if these bank assets are put up for sale anytime soon then it will only further drive their value down – setting off a chain reaction in the industry and putting even more banks at risk.

From the end of 2023 to the beginning of 2024, the number of banks on the FDIC’s problem list has jumped from 52 to 63.

This means that the FDIC suggests that 63 U.S. banks are on the verge of collapse due to severe financial deficiencies caused almost entirely by the economic policy that Joe Biden has forced America to suffer through.

But despite all of this, the regime will still throw on a fake smile in front our faces and tell us that “everything is fine – nothing to worry about!”

The White House’s propaganda machine, aka the media, has been doing exactly that in some of the most disrespectful ways possible.

For example, in late May far-left outlet The Guardian conducted a poll of American voters to get a gauge on how they’re feeling about the Biden economy – and when they didn’t like what those voters had to say, well, they told them they were “wrong.”

Their exclusive poll revealed that three out of every five Americans – damn near 60% – believe that that the country is in a recession.

This poll also revealed that the vast majority of the country knows who to blame for this – President Joe Biden.

But the propaganda outlet wouldn’t DARE to put out anything that might hurt Joe Biden’s chances of winning reelection so they wrote an entire piece gaslighting Americans on the issue while claiming that we the people are just too dumb to realize that Joe’s economy is great!

Joe Biden quite literally changed the definition of a recession to trick the public but there’s no amount of lying that can hide what the democrat leader’s policies have ACTUALLY done to our once booming economy.


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7 thoughts on “Bidenomics Fallout: Banks on the Verge of Collapse as White House Claims Americans are “Wrong” for Being Concerned about Economy”

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  3. But it is all just a figment of your imagination, the economy is doing just great!
    At least that’s what Biden says.

  4. Wow, so next lie they tell us is that basement boy is trying to get rid of President Trump for once and all.
    COMPLETELY UNHINGED: As Biden tries to JAIL his leading opponent, junior Biden campaign spokesman Michael Tyler says President Trump is a “threat” that Biden will “end … once and for all.” Now does that say assignation anyone? They want to remove secret service for President Trump so they can finish him off. Since when do we allow a shadow wanna be king O’biden to actually state his plans to murder a former President Trump on live TV. This should tell all who are thinking of voting this dirt bag back in office. You vote for democrats period you are voting to murder opponents of any democrat and anyone who says or does anything they don’t like. Why do you think democrats flew in and giving everything free to criminals from other countries? Americans have to vote republican down ballot in every single county, every single state if we plan on taking our country back once and for good. Democrats have gone to far with that statement about basement boy getting rid of President Trump once and for all. These people are so frightened of President Trump and I can’t wait to find out all the details why. Remember those envelopes given out at elder Bush’s funeral to the Obama’s basement boy, Clinton’s, Pence’s and Bush’s. They had the look of fear in their eyes. That was when they found out President Trump knows everything and everyone involved. Hold on to your hats in November a awaking is happing and people are learning the truth about all democrats lie’s.

  5. The Democrats are going to wake up one morning and themselves in Prison and no way out . They have gotten away with lying about President Trump and it is coming back to haunt them all. Biden will be out on his ears after the democrats kick him out of Whitehouse and all those ILLGEALS that Biden let in our Country will be in living in his house or backyard in Delaware . The Biden’s and the democrats will get just what the deserve When President Trump gets backs in The Whitehouse in 2024.

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