• 2:04:47 - 2:08:25
Texas Border Showdown: Biden Gives Embattled State Until Noon Today to Follow His Treasonous Order & Stand Down! – FULL SHOW 1/26/24
Citigroup Layoffs, Slow-Motion Bank Run, Beneficial Ownership
Citigroup's announcement of 20,000 layoffs is cited as a sign of deep instability in the banking sector. Dr. Elliott reiterates that under the Universal Commercial Code, bank deposits are considered collateral for the bank's own debts. He warns that a run on the banks could quickly evolve into a run on the stock market as public trust in financial institutions evaporates.