by Chris Black
The banking crisis is clearly real, and it’s now just a matter how long it’s going to take for it to speed up.
The thing about this is: this could all be fixed by backing off the rate hikes that aren’t doing anything to stop inflation anyway.
Also, inflation is not really even a serious problem, especially in comparison to the collapse of the global banking system.
If they don’t move quickly to fire Powell and take interest rates back to 2022 levels, you’ll know they’re doing this to you on purpose.
The banking crisis could swallow another 50 regional lenders in the US if the country’s authorities don’t take appropriate steps to resolve structural issues, former vice-president at Lehman Brothers Lawrence McDonald has said in an interview with RIA Novosti.
There is no way to stop the inflation created by the covid lunacy.
The good news is, inflation is not really that big of a deal – especially in comparison to say, completely destroying the market with useless rate hikes.