Topic: Bank Profits

Dr. Elliott reveals that the FDIC currently has only 0.74% of all U.S. deposits covered, down from 1.7% in early 2023. He reports that U.S. bank profits dropped 44% in a single quarter. He characterizes the banking system as fundamentally failing, despite mainstream media silence, and warns that the emergency funding used to stop previous bank runs has expired.

Dr. Elliott reports that the FDIC currently only has enough assets to cover 0.74% of all U.S. deposits, down from 1.7% a year ago. He notes that U.S. bank profits dropped 44% in the last quarter and that the "Bank Term Funding Program" has expired, leaving regional banks without emergency liquidity. Jones and Elliott agree that the foundation of the economy is failing, even if it is not yet being reported by mainstream media.