Another Bank Crisis / Collapse is Coming … Soon
The FDIC has seen roughly $548 billion in banking assets ‘collapse’ in the last year but with very few banks actually in the mix.
This first figure is about 60% higher than the initial collapse / failure of the ‘too big to fail’ banks in 2008 in the US ($370 billion).
The definition of hell is doing the same thing over (1819) and over (1837) and over (1873) and over (1907) and over (1929) and over (1980s / 90s savings and loans) and over (2008) again.
And not learning anything after all the grifters and billionaires pocket our money.
Capitalism is f&cking useless for the rest of us.
Don’t say you weren’t warned.
The next financial crisis is right around the corner.