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First Republic Banc Corporation (FRC) delayed releasing it’s first quarter numbers until stock trading had closed for the day on Monday; now everyone knows why:
During Quarter One of 2023, Depositors at FRC withdrew forty percent (40%) of the total deposits in the bank! Worse, if it wasn’t for the larger banks depositing $30 Billion to shore them up, FRC’s actual withdrawal amount was fifty-seven percent (57%).
When releasing their numbers late Monday, the bank quickly noted it is cutting twenty-five percent (25%) of its workforce, and is “pursuing strategic options.”
Within minutes of the quarterly numbers being revealed, the stock price of FRC began to plummet in after hours trading, and has now lost 22.19% of its Monday closing value:
Thus, people in the financial industry are now openly describing FRC as a “Zombie” bank.
For what it’s worth, FRC is the eighteenth (18th) largest bank in the United States. The fact that banks in the top 11-20 are now going “Zombie” means the contagion will likely spread to the top 1-10 banks within 3 months. The reason: Even with the FDIC, people in the general public are no longer trusting the banks.
Proof that people have lost trust in the banks is typified by the Twitter posting, today, from Rob Kientz who reported to the world that he knew of a single Investor who asked him to source $150 MILLION in DORE gold/silver bars, immediately.
UPDATE 5:55 PM EDT- TUESDAY:
Twitter has DELETED the tweet below from a major Precious metals dealer. Clearly someone does NOT want ***YOU*** to know that big money players are pulling out of banks and markets, and diving head-long into precious metals. The fact that Rob Kientz published this was surprising; the fact that Twitter has now DELETED it —– ought to be scary as hell to you. You can, however, still read the test of his message in the remnants below:
Talked with an investor this morning that asked me to source $150 million in gold DORE bars.
Yes, the physical #gold and #silver markets are on FIRE. 🔥🔥
No wait, make that a burning inferno.
Don’t wait to get your physical folks. pic.twitter.com/WGEisonNOz— Rob Kientz | Gold Silver Pros (@goldsilver_pros) April 24, 2023
For those unaware, a doré bar is a semi-pure alloy of gold and silver. It is usually created at the site of a mine and then transported to a refinery for further purification.
The fact that a single Investor is openly asking to source this metal shows that the big money is getting OUT of markets, OUT of banks, and looking for safe haven in precious metals.
When money like this keeps moving OUT of banks and OUT of markets, the result is . . . well . . . unavoidable.
Comments
#Santander — ell2023-04-26 10:15
Looks like this might be another bank in trouble.
#Stop reading comments — bridalhints2023-04-26 10:03
I come here for the news, and no longer will be reading comments, most are by whackos! Don’t get sucked in!
#Trolls — ell2023-04-26 10:28
There sure has been an increase in trolls lately.
-1 #How curious, PaleHorse — NDA2023-04-25 16:27
Never said in my post that strange people are trying to kill me, or that I received calls from the aforementioned, and correct, phone number.
You’re not very bright. You are, however, rather revealing. Poor Joe. At least he’s been smart enough to stay out of it and not give up anymore Intel.
You? Not so much.
As for Joe, I appreciate the kind email he sent, along with the lovely scripture. Since I’m surrounded by evil as far as the eye can see, the whole love thy neighbor law has proved a great challenge for me. So I appreciate that at least Joe tried, even if it was insincere.
You? Not so much…
and that strange people are trying to kill you, and you receive
mysterious phone calls from a Colorado number… then you erase
#█▓▒░ Why Did Your Posting Disappear? ░▒▓█ — Palehorse2023-04-25 18:26
|
How convenient that you erased the posting where you stated such.
Interesting angle you employ as a troll. Gain peoples sympatric
interests, erase your original post, then begin friction concerning
the subjects. Right out of the Satanic playbook.
You even claimed the reason you want to leave this forum is
because of “trolls,” to divert attention from your being just that.
You are here playing games and nothing else.
#More good news….not — Dogsncars2023-04-25 16:26
#█▓▒░ Stock Market Crash Alert: Credit Default Swaps From 2008 Are Back ░▒▓█ — Palehorse2023-04-25 20:44
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That was posted hours ago, 4 posts below yours.
+2 #Funding????? — Bill512023-04-25 15:42
Are we funding this month??
+1 #Ladies, and Gentlemen! — NDA2023-04-25 15:35
Thank you for your prayers when I’ve reached out for them. So many of you has stepped right up and almost immediately I could feel the light shining through. Sometimes, wow, like a cannon went off, sending shockwaves through my core! Think, and thanks, the inimitable Steve and Tyler Quayle, and all!
It’s time for me to carry on as these ever fluid days they are.
Know that I don’t miss a day of prayers to each and all of you, and your families. One day I will get the chance to personally bid you my gratitude.
Until then Godspeed to you and yours. Aside from the far too many trolls now polluting this otherwise sacred environment,; welcome to the new fka US, the sum of the children of God here is truly precious, and fierce.
As the days are upon us remember so long as I am here and able, my prayers and blessings are with you.
Heavenly party for sure !
Praise the Lord! He’s Our King 😉
Love Always,
Jane
Rose Rambles... 