Major Bank Runs Ahead , As Canadians lose confidence in Governments , runoffs to kick in by 2025

n this segment, Mike Martins is sharing his frustration with the mainstream media in Canada and the broader economic situation. Here are the key points:

Mainstream Media Focus: Mike expresses frustration that the main news story circulating in Canada is about oysters protecting coastlines from climate change. He finds it absurd that this is the top story, instead of more pressing issues like the housing crisis, rising food prices, the mass exodus of youth, or political corruption.

Bank Runs and Economic Concerns: Mike warns about impending bank runs in Canada, citing a lack of confidence in the government. He references former regulators who have warned about potential bank collapses and emphasizes how people are moving their money out of banks, leading to liquidity problems.

China’s Influence and Economic Moves: He discusses how China’s economy has contracted and how people moved money from China into Western countries, particularly into real estate, before the pandemic. He suggests that this has had a destabilizing effect on global and local economies.

Predictions of Financial Collapse: Mike points out that he has been warning about bank runs, banking system collapses, and bail-ins (when banks take depositors' money to stay afloat) for years. He criticizes the lack of action and preparation, noting that Canada is "too late" to avoid the fallout because the digital currency hasn’t been fully implemented yet.

Canadian Banks in Trouble: He specifically mentions Canadian banks like CIBC, which he predicts will face failure by 2025. He views the Canadian banking system as a Ponzi scheme and believes that a collapse is imminent.

Frustration with New Influencers: Mike expresses annoyance at new influencers who are now talking about these issues as if they’ve just discovered them. He feels that the problems have been evident for years, but nothing was done when they could have been addressed.

In summary, Mike is frustrated with media priorities in Canada and is deeply concerned about the country's banking system, warning of impending financial collapse and a lack of confidence in the government. He also criticizes new influencers for not acknowledging that these warnings have been discussed for years.

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