- Life Growth Academy
Today we consider how the next banking crisis could lead to a new monetary reset and how the ecb and the fed could let the banks go bust. For many years now the banking sector has been in dire straits. The decision of government’s globally to shutdown their economies will unquestionably increase defaults of household and corporate borrowers placing enormous stress upon highly leveraged banks. Indeed, banking stocks have sold off heavily dramatically reducing the equity held on the companies balance sheets. Undoubtedly, a huge risk is apparent in Europe.