The Global Banking System Is Truly In Uncharted Territory, And They Are Making Up The Rules As They Go Along
- The Global Banking System Is Truly In Uncharted Territory, And They Are Making Up The Rules As They Go Along
by , http://theeconomiccollapseblog.com/
Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that their money is safe. But there are very few places in our financial system that are truly “safe” at this point. The cryptocurrency industry has already experienced an absolutely disastrous crash, collapsing bond prices have blown a 620 billion dollar black hole in bank balance sheets, residential real estate prices have started to plummet, and now the largest commercial real estate crisis in the entire history of the United States is looming. The good news is that stock prices are holding steady for now, but that can only last for so long. Just like we witnessed in 2008, a major banking crisis will inevitably hit the stock market really hard.
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I wish that it wasn’t true, but without the banks we don’t have an economy. And right now we are “in the midst of a nationwide banking crisis not seen since The Great Recession”…:
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Americans are in the midst of a nationwide banking crisis not seen since The Great Recession, leading many to wonder if the country’s current woes are as dire as they were back in 2008. The frightening saga has transpired over the course of just two weeks, and has spurred the demise of now four major banks – Silvergate, Silicon Valley Bank, Signature, and, most recently, major global lender Credit Suisse.
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