In The News Today

Posted at 5:06 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

“WOW! Even the top .001% are being affected (already lost more than 50% of net worth)? Maybe they are losing control?”

One month ago we showed that while the BLS still revels in its seasonally-adjusted statistical nonsense to divine the monthly level of payrolls, the real world is seeing a wave of mass layoff the likes of which have not been seen since the covid crash

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Bill Holter’s Commentary

“Wait until the cow itself succumbs, what a bloody mess!”

JSMineset
JSMineset

Bill Holter’s Commentary

“Contagion from China?  And people “supposedly”sold  real money over the last few days?”

Australian bank collapses, customers told to withdraw funds now

An Australian digital bank has collapsed, leaving 140 employees without a job and 6,000 customers racing to withdraw their money before next week. Volt Bank announced on Wednesday it was closing its deposit taking business and will return its banking license after it couldn’t raise enough funds to stay afloat. ‘Volt has made the difficult decision to close its deposit taking business and has commenced the process of returning all deposits to its account holders,’ the neobank’s website said. ‘Customers need to transfer the balances held in all Volt accounts to a nominated bank account with another financial institution before the 5th of July 2022.’

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