Author Archive
Michael Snyder
Many Companies Are Already On Their Second Round Of Mass Layoffs
We haven’t seen a tsunami of layoffs like this since the Great Recession. According to Challenger, Gray & Christmas, the number of job cuts announced in January and February was 427 percent higher than during the same period in 2022. Unfortunately, the mass layoffs have just continued to roll on here in …
Global Banking System In Uncharted Territory – Making Up Rules As They Go
Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that their money is safe. But there are very few places in our financial system that are …
186 More Banks “Are At Risk Of Failure”, & That Could Push Us Into The Next Great Depression
They are desperately trying to plug one leak in the system after another, but what happens if the entire system suddenly comes crashing down all around them? Back on January 4th, I specifically warned that our problems would “greatly accelerate over the next 12 months”, and that is precisely what has …
2023: A Year When Everything Is Suddenly Breaking Loose All At Once
If it seems to you like everything is breaking loose all at once, it isn’t just your imagination. At the beginning of January, I warned that the overall theme of this year would be “here we go”, and global events have certainly been accelerating in recent weeks. At this moment, we …
Janet Yellen Just Poured Lighter Fluid On Every Small Bank In America (Video)
What in the world was she thinking? When a bailout was hastily arranged for uninsured depositors at Silicon Valley Bank and Signature Bank, the implication was that the same thing would be done for uninsured depositors at any other banks that failed. But now U.S. Treasury Secretary Janet Yellen is …
The Big Banks Have Bailed Out First Republic, But Who Is Going To Bail Out The Big Banks When They Start Failing?
Every single day there are more twists and turns to this new banking panic. In fact, we just learned that the big banks have gotten together to save First Republic. That is good news, because a collapse of First Republic would have been a major catastrophe. But First Republic is …
A “Too Big To Fail” Bank In Europe Is Literally On The Brink Of Collapse
Do you remember when wealthy people all over the world would stash their money in Swiss banks because there were so strong and so private? Well, the second largest bank in Switzerland is literally on the brink of collapse. As I discussed yesterday, Credit Suisse is a prime candidate to be …
The Dominoes Are Starting To Fall Very Rapidly Now – Could These Banks Be Next?
Welcome to the great banking collapse of 2023. Please try to enjoy the ride. When FTX crumbled, I explained to my readers that it was not the first domino to fall and that it certainly would not be the last. Sadly, that prediction turned out to be completely accurate. Within …
It’s Not Working! The Fed’s Emergency Rescue Plan Has Not Ended The Banking Panic!
The widespread panic that we just witnessed is definitely not what the bureaucrats at the Federal Reserve were anticipating. Following the second largest bank collapse in U.S. history on Friday and the third largest bank collapse in U.S. history on Sunday, the Federal Reserve unveiled an unprecedented rescue plan that …
Question: Who Is Paying To Bail Out The Failed Banks? – Answer: You Are
Don’t listen to the load of malarkey that Joe Biden is trying to sell you. We are being told that it won’t cost taxpayers a single dime to bail out the second and third largest bank failures in the history of the United States. Every single depositor is going to …