Blackstone limiting withdrawals amid Wall Street panic and escalating bank runs
12/13/2022 // Ethan Huff // Views

The $69 billion private Blackstone Real Estate Income Trust (BREIT) has imposed withdrawal limits as Wall Street struggles to keep its usurious Ponzi scam afloat.

AMTV's Christopher Greene covered the story with warnings about how he believes the bank runs have already started and that the nightmare has only just begun.

"Bank runs have officially started in the United States of America," Greene said. "We're going to have bank runs; we're going to have capital controls; we're going to have restrictions on withdrawals – and this is only the beginning."

"Blackstone, which holds tons and tons of customer funds and debt, is now prohibiting the willful withdrawal of customer funds and monies in their accounts. How is this any different than SBF or FTX?"

BREIT sits under mountains of debt, Greene added, noting that this is part of why it has run out of liquidity. Blackstone COO told CNBC that investors should look at the fund as a "long-term vehicle that's well positioned for the future" – in other words, do not panic and leave your money there.

It is not as though investors can even get their money out even if they wanted to, though. With those withdrawal limits in place, they are restricted from doing so, which also sent the company's stock price tumbling. (Related: Are the U.S. markets on the verge of a collapse?)

"They have zero liquidity because, again, the investments that they're invested in cannot be sold and they're in mountains of debt," Greene warned.

America's entire financial system is "built on a Ponzi scheme," says Greene

Americans really started getting dosed with this type of information back around 2008 when Ron Paul ran for president. Hidden truths about the inherently corrupt nature of the U.S. markets and financial system started to go mainstream, and now they are reaching the point of becoming common knowledge.

Brighteon.TV

"The whole system is built on a Ponzi scheme," Greene explained.

"The whole U.S. financial fractional reserve banking system is built on debt and fractional reserve monies that are lent out 10:1 – sometimes 100:1 – and in the case of the derivatives market, thousands to one, based on nothing, just a figment of the imagination – what they call the faith and credit of the U.S. treasury, which a lot of Americans have zero faith in, including me."

Greene's advice is to put your money into "alternative" investments like real estate and cryptocurrency as opposed to traditional bank accounts, the stock market – including 401ks – and other fiat-based financial instruments.

"I work at a bank and we are completely out of debit and credit cards due to supply chain issues," wrote a commenter about how even the plastic needed to make credit and debit cards is unavailable. "If people lose their cards, it takes almost two months to get it replaced."

"I went into my credit union the other day and the teller told me that many people have been taking large withdrawals lately," claimed another.

Another suggested that Greene's extrapolations from the REIT situation does not necessarily apply to the rest of the financial system, especially since real estate investments can be hard to redeem rapidly as it is due to the time it takes to liquidate such assets.

"Again, it's the REIT only," this person added. "The sky is falling, but not nearly as fast as you're claiming."

Another wrote that in his neck of the woods in Colorado, everything appears to be "business as usual," at least for now.

More news about America's plunge to the bottom of the Mystery Babylon heap can be found at Collapse.news.

Sources for this article include:

CNBC.com

NaturalNews.com



Take Action:
Support Natural News by linking to this article from your website.
Permalink to this article:
Copy
Embed article link:
Copy
Reprinting this article:
Non-commercial use is permitted with credit to NaturalNews.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.
App Store
Android App
eTrust Pro Certified

This site is part of the Natural News Network © 2022 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
Natural News uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Close
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.