Bank Runs Quietly Continue to Increase Where Depositors Cannot Withdraw Their Funds

Vaccine Impact

by Brian Shilhavy

March 5, 2023

While we have not seen a total collapse of the worldwide financial system yet, bank runs that began in 2022 with the collapse of FTX and the $billions that were lost when depositors were not able to withdraw their funds, continue to happen here in 2023, although they do not get headline news coverage.

Last week, Pam Martens, writing for Wallstreet on Parade, reported that bank runs were happening at Silvergate Bank, a U.S. FDIC insured bank.

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