2118 bank branches closed so far this year with 60,000 layoffs and huge losses. A structural collapse seems close indeed.

by Lapuamies I can confirm Citibank is cutting people.  I have a close friend down here in Tampa, FL who works mid-level at Citibank and was just recently transferred over to a brand “newly-created” position.   Not sure where he falls in the pecking order, but judging off his home and comfortable lifestyle, I’d guess his …

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German energy policy consequences: Shift away from cheap energy impacts competitiveness, factories close, dependence on Chinese steel rises.

Insane German energy policy has consequences. If you put radical left wing socialists and Green (communist) parties in control of your govt, this is what happens. They shut down all cheap energy and then your factories are no longer competitive and they close. Without cheap… https://t.co/Hcp1I64ufY — Wall Street Mav (@WallStreetMav) December 21, 2023

Millions at risk as intercity bus depots close due to rising costs and loss of funding.

via MSN: Millions of Americans are at risk of losing key modes of transportation as intercity bus depots close down en masse in many cities due to rising operation costs and loss of government funding, among other reasons. Made up of companies like Greyhound, Trailways, and Megabus, intercity bus lines offer transportation options between cities that …

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Banks filed to close 30 branch last week, according to new data

American banks filed to close 30 branches last week leaving yet more households without access to basic financial services. Wells Fargo shuttered twelve locations while Bank of America axed five, according to a weekly bulletin published by regulator the Office of Comtroller of the Currency. Meanwhile Citizens Bank shut down four branches between December 3 …

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Nifty is so close to topping out…

by DesmondMilesDant Caption: The 1.618 has to be the top : 21.1k Caption: Vol up, Market up = Meltup is here.   Reliance Industries is underperforming Nifty 50. Will this trend reverse? JPMorgan’s top chartist says the S&P 500 to tumble all the way back to 3,500 JPMorgan head of technical strategy Jason Hunter said …

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Cop28: US commits to close coal-fired power plants

via theguardian: The US joined the Powering Past Coal Alliance today by committing to close all its coal-fired power plants, in a move hailed at Cop28 as “huge news” that puts pressure on the world’s biggest burner of coal, China. Coal is the dirtiest fossil fuel – about 40% of fossil fuel emissions – and …

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A potential monthly close at an all-time high in gold marks a pivotal moment, driven by central banks and traditional portfolios

The current moment is crucial for the precious metals industry, and a monthly close at an all-time high could signal the start of a new secular move in gold. This potential shift is anticipated to be driven by central banks, which still hold 80% of sovereign debt relative to their balance sheet assets, and traditional …

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Bathhouse Barry Obama Says He’s Close to a “First Amendment Absolutist,” Then Adds a “but,” Criticizes “Certain Kinds of Speech”

President Barack Obama has reemerged in the media, as the election campaign in the US is picking up pace. And he got his two cents in on a range of issues, including free speech in the context of the First Amendment, “misinformation,” social networks vs. democracy – as his politically like-minded comrades like to position …

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Looks like we’re getting close. Media actually talking about it now.

$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report $40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report https://t.co/ReCYD0QpLy — The Old Pretender (@Dioclet54046121) November 5, 2023 JPMorgan Chase has quietly …

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How close we are to a market crash?

This is how close we are to a market crash: pic.twitter.com/eP8PFXI0AQ — Mac10 (@SuburbanDrone) October 17, 2023 Walmart CEO Warns Americans Will Freak Out This Winter As Prices Continue to Soar; Goldman Warns of a Consumer Crisis Bulls, artificial intelligence got you into this mess, but it can't get you out. pic.twitter.com/rnMmt8so61 — Mac10 (@SuburbanDrone) …

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Mortgage rates close to 8%; 64% of Americans would welcome a recession if it meant lower mortgage rates — Would you?

Mortgage Rates Close to 8% as Economy Refuses to Cool Inflation and economic growth…  Regardless of our thoughts on the underlying reasons, these two factors have played a key role in skyrocketing rates over the past few years.  The Fed won’t signal an end to its “higher for longer” rate policies until it sees lower …

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ITS CLOSE, ITS VERY CLOSE: Israel Dropping Leaflets over Gaza Warning of Impending Attack

The IDF is reported to have begun the Airdrop of Leaflets over the Northern Gaza Town of Beit Lahia telling Residents that the Actions of Hamas have forced them to launch a Large-Scale Military Operation in the Region and that they must Immediately Evacuate towards the South. — OSINTdefender (@sentdefender) October 12, 2023 LIVE https://www.youtube.com/watch?v=1kuvr2KtBvU …

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Putin Declares Klaus Schwab & His Close Advisors Are “Legitimate Military Targets”

Vladimir Putin has stated globalists including Klaus Schwab and his close advisors are “LEGITIMATE MILITARY TARGETS” because they have been actively attempting to seize power illegally via a globalist coup d’etat…🔥🔥 pic.twitter.com/EC22E1guAR — Pelham (@Resist_05) October 6, 2023 The World Economic Forum’s Klaus Schwab is a “Globalist Terrorist” who is “holding Humanity to Ransom…” -President …

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CVS will close 900 stores by the end of 2024 – 10% of all its shops – as it moves to online strategy amid increase in shoplifting

via MSN: CVS is set to close hundreds of stores across the country as it undergoes a complete retail overhaul – as more outlets move towards online sellers amid rampant increases in crime. The major drugstore chain is coming to the end of a policy launched in 2021 which will see 300 stores closed each …

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America in decline: CVS to close 900 stores due to rampant increase in shoplifting

via DCG: America is in decline, particularly in democrat-run cities. As a result, our nation is facing the folowing: Increased inflation and interest rates Increased debt (both for the nation and many individual households) Disasterous “Defund the Police” policies Increased crime with soft-on-punishment policies Open borders with thousands of illegal aliens arriving daily as well …

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CVS announces it will close THREE HUNDRED stores by the end of 2024 and 600 more by 2027 – 10% of the chain’s stores – as it moves to an online strategy amid rampant increase in shoplifting

CVS is set to close hundreds of stores across the country as they undergo a complete retail overhaul – as more stores move towards online sellers amid rampant increases in crime. The major drugstore chain is coming to the end of a policy launched in 2021 which will see 300 stores closed each year – …

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Rite AId pharmacy will reportedly close 400 to 500 stores as it plans to file for bankruptcy… US courts are overwhelmed with bankruptcy cases at record levels.

via foxbusiness: Pharmacy giant Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report. People familiar with the company’s talks with creditors told the Wall Street Journal that Rite Aid has proposed to close as many as 500 …

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AOC HECKLED by furious New Yorkers WITH CALLS to CLOSE THE BORDER

Protesters shouted ‘close the border’ as the ‘Squad’ member tried to address the press outside the Roosevelt Hotel in Manhattan, where migrants are housed ‘Close the border! Close the border! Respect the constitution AOC! I am your constituent!’ one man shouted into a megaphone Democratic Rep. Alexandria Ocasio-Cortez was drowned out by New Yorkers furious …

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US Credit Default Swaps Price Now Above Spain As US Debt Gets Close To $33 TRILLION And $194 TRILLION In Unfunded Federal Promises (Joy To The Globalist Elites!)

by confoundedinterest17 I ain’t never been to Spain, but the US under Biden is like Spain in terms of default risk. Actually, I have to Spain numerous times and love visiting Barcelona. But the US debt fiasco under Biden and Congressional spending sprees has led to … US credit default swap being priced worse than Spain’s …

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A massive credit card debt catastrophe is coming. Even though we are not yet in a recession, banks are already perilously close to collapse.

Default rate on credit card loans from small lenders is now higher than: Dot Com bubbleFinancial CrisisC-19 Buckle up. pic.twitter.com/1dBkzHOI1X — Bravos Research (@bravosresearch) September 7, 2023 Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis. The current accumulation rate of credit card debt may lead …

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Bidenomics 101 (Hand To Mouth): 61% Of Americans Living Paycheck To Paycheck With Unsustainable Debt Levels, Up 19.4% Under Biden (50,000 U.S. Stores Likely To Close By End Of 2027)

by confoundedinterest17 Bidenomics is forcing Americans to live hand to mouth. Or as Lou Chrisite sang, “Lightning Strikes …. Americans” leaving them worse off under Bidenomics. The cost of living has been soaring, and our standard of living has been steadily going down. Coping with inflation is tough for American households where consumer debt is up 19.$ under …

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US Banks Are Close To Insolvency; Enter BTFP

by WhatCanIMakeToday This NYU paper [Why do banks invest in MBS? (March 2023)] says rising interest rates have led to unrealized bank loan losses of about $1.7 trillion which is only slightly less than total bank equity capital of about $2.2 trillion. Interest rate risk beyond MBS: The estimated losses on securities are only part of the total unrealized …

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Social Security Update: Worry Less about These 4 Things (But Pay Close Attention to This One)

From Peter Reagan at Birch Gold Group Americans planning for retirement already have a lot to contend with. Today, good news! This article might ease uncertainty a little when it comes future Social Security benefits. We’re going to discuss four factors to worry less about. And then one more we think deserves more attention than it gets. #1: Worry less …

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Sources in Maui say the death toll is close to 1000

My source in Maui (storm chaser) said the death toll is close to 1000. Said it’s so bad they can’t identify people & they’re transporting bodies into buildings to shield them from view. One building alone he guessed had about 500 bodies. Said it looked like the Holocaust. 😢 pic.twitter.com/M8hgU8BWMy — Heather Mullins (@TalkMullins) August …

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Tyson to close 4 chicken processing plants

2 in Missouri, 1 in Arkansas, and 1 in Indiana. SPRINGDALE, Ark. (KNWA/KFTA) — Tyson Foods Inc., one of the world’s largest food companies has reported a multi-million dollar loss in its third quarter report. Tyson’s report shows an income loss of $417 million, $1.07 per share, for July 2023. This time last year, the …

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Nearly 100 Banks Are Set to Close in Coming Weeks

via End Time Headlines: Nearly 100 bank branches are set to pull down their shutters for the final time in the next few weeks. The closures come as a number of major high street banks move more of their banking services online. Data from LINK, the UK’s largest cash machine network, reveals dozens of banks …

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