Banks are hiding at least $620 billion in losses, creating a ticking time bomb of financial disaster

The failure of Silicon Valley Bank (SVB) is just the tip of the iceberg as more than $620 billion in losses across the entire banking sector looms as a financial ticking time bomb.

According to the Federal Deposit Insurance Corporation (FDIC), the banking sector is currently sitting on unrealized losses of well over half a trillion dollars that at some point will have to be realized – but when?

The answer right now is nobody knows, but one thing is for sure: the FDIC, the Federal Reserve, and the Treasury Department are doing everything in their power to plug all the leaks on this financial Titanic to avoid a contagion event – at least for now.

We are told that the reason for this predicament has to do with the loads of bonds and treasuries that banks bought up during times of low-interest rates. Those bonds and treasuries are now deeply underwater as Jerome Powell continues to hike interest rates in a failed attempt to quell skyrocketing inflation.

“This is because higher interest rates mean that new bonds accrue higher rates of returns for investors,” writes Ryan King for The Washington Examiner. “As a result, older bonds have comparatively lower rates of return, rendering them less desirable for investors and therefore triggering a plunge in the value of older assets.”

“A consequence of the $620 billion unrealized potential loss phenomenon is that banks may quickly find themselves with less cash on hand than their books might have suggested.”

If the Fed decides to start dropping interest rates once again in order to save the banks, then you can expect to pay $100 for a loaf of bread once hyperinflation inevitably kicks in. If the Fed keeps raising rates to save the dollar, then the corrupt banking system and all of its financial tentacles will collapse.

It is a conundrum without a solution, hence why a crash and collapse are inevitable. It is a matter of when, not if, this financial Armageddon takes shape in such a way that it is no longer deniable in everyday life.

(Related: The collapse of the American financial system is accelerating – watch as Andy Schectman explains.)

Will the average American still be able to afford food in 2024 – assuming food is still readily available?

We are already seeing the damage of all this financial Jerry-rigging in the form of $7 cartons of eggs – if you can even find eggs – and $5 gallons of gas – let’s go, Brandon! And by this time next year, prices will likely leap even higher.

All of this could have been avoided had American politicians from the past not bowed down to the private central bank known as the Federal Reserve, which in 1913 took over the country’s money supply and started lending its Federal Reserve fiat notes to the Treasury with interest.

This is known as usury, and because it is entirely debt-based, the final endgame is a financial disaster the likes of which this world has never seen – and will never again see, once all the dust settles.

“Biden knows that to get the CBDC into America (for the executive order he already signed in April 2022), the banking system has to crash to force the people to accept it,” wrote one commenter at Natural News about how this is all happening by design.

“The CDBC system isn’t ready yet. Might still be several months to a year out, but it’s coming. SVB caught them by surprise so Biden does what all the Bidens do: Lie, Lie and Lie.”

By this time next year, will America even be recognizable? The latest news can be found at Collapse.news.

Sources include:

WashingtonExaminer.com

NaturalNews.com