Doom Loop Will Cause Total Societal Meltdown – Michael Snyder

May 08, 2023

by Greg Hunter USA Watchdog

Journalist and popular author Michael Snyder says his new book “End Times” is revealing just what he predicted. The bad news is it’s going to get worse, much worse. Let’s begin with the banking crisis that is really just getting started. Snyder reminds us what Jesus warned about End Times in Matthew 24:21 when He said, “For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.”

Michael explains, “We are talking about this in terms of a banking crisis, but I believe we are very close to literally a banking apocalypse where we could see dozens and, ultimately, hundreds of banks fail here in the United States. . . . Basically, at this point, we’ve got hundreds of banks that are essentially insolvent. They are walking zombies. One recent study said there are about 186 banks on the verge of failure. So, we are going to see a lot more banks fail. If you look at the banks that have already failed in 2023, (SVB, Signature and First Republic) it is greater than all 25 banks that failed in 2008 combined. So, already, the banking crisis of 2023 is worse than the banking crisis in 2008. But, here’s the kicker, we’re only one third of the way through the year.”