The recent failures of Silicon Valley Bank and Signature have made more Americans lose faith in the country’s banks with just 10 percent of those polled saying they have a high confidence in the nation’s banks.

The poll was conducted by the Associated Press-NORC Center for Public Affairs Research and showed a steep decline from the 22 percent who said they had a high degree of confidence in 2020. (See “BAILING OUT DEPOSITORS IN FAILED BANKS RISKS PUBLIC BACKLASH,” 21 Mar 2023.)

The poll also showed that 56 percent of Americans believe the government is not doing enough to regulate these banks, which included 63 percent of Democrats and 51 percent of Republicans.

The poll found that 10 percent of Americans say they have high confidence in banks, 57 percent have some confidence, and 31 percent have hardly any. 

TRENDPOST: Gerald Celente said the collapse of Silicon Valley Bank and Signature Bank is the beginning of a “huge crisis.”

He said the economy should have collapsed when the COVID War broke out and the only thing that artificially propped up the economy and equities market was the trillions dumped into the economy by President Donald Trump and President Joe Biden… and the Fed’s zero-interest policy. 

He said the COVID-19 lockdowns go back to Silicon Valley Bank, which was a major bank for the tech industry in Silicon Valley. Celente said it was the geeks who first enforced lockdowns and banned free thought on social media. He said SVB’s failure is just a “tiny piece” of the overblown markets.

“Read your Trends Journal,” he said. “For three years, we warned about a commercial office building bust because of the slimeball geek freaks” who kept their workers home.

The recent poll found that, overall, 43 percent of Democrats say the economy is in good shape compared to just 7 percent of Republicans. The poll also found that just half of adults in the U.S. described their financial situation as good, compared to 6 in 10 in 2022. 

About 50 percent of Americans believe their economic situation will worsen in the next year, including 75 percent of Republicans and 25 percent of Democrats. The AP noted that hourly wages have fallen in the U.S. due to inflation for the last two years.  

TREND FORECAST: Our TOP TREND 2023: ANTI-ESTABLISHMENT — NEW POLITICAL PARTIES, while taking root across the globe, is on the near horizon in America. As economic conditions deteriorate and the rich-get-richer while everyone else is getting poorer… get ready for new anti-establishment, anti-war, anti-immigration, anti-tax political parties to spring up.

Political movements that work toward spreading peace, prosperity, and political freedom of the people—instead of enrichment for the economic elitists and government “authorities”—will find mass support.