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We Are Already On A Global Financial Collapse - Warns Respected Economist
Banking System Risks, Jobless Claims Data
Investors are advised to minimize their exposure to the banking system, as the FDIC only has 0.74% of deposits covered. Recent data shows 213,000 new jobless claims, the worst since August, contradicting government claims of job growth. The current market is reportedly propped up by stimulus money rather than real revenue, making tangible assets like silver—which grew from $22 to $28 in 60 days—a safer alternative.