It’s over for Americans
There is no more room for a reversal! Over 2400 banks in the United States are insolvent meaning less assets than liabilities.
40% of their deposits have disappeared.
It is a miserable slavery where the law is vague or uncertain
-Maxim of Law.
Taking in creditors while trading insolvent is actually a criminal offence. But this is reality The criminals are in charge. Rules and laws only until they need to break them.
It’s hard to imagine 2400 banks collapsing at the same time.
Currently in the US. We are screwed. Homeless people are everywhere, crime is rampant and people are just barely getting by. Absolute carnage over here.
The banking crisis “contagion” is government bonds. The banks are coerced and forced to buy the government bonds with customer deposits.
However everything is going as planned…
This is a planned consolidation for the July launch of their Fednow CBDC. They need a small handful of banks left at the end. Good luck everyone.
Ps: it’s not just banks big billion dollar entities are collapsing over night think vice, buzz feed!