by Tiredworker27
“Combined, First Republic, Silicon Valley Bank and Signature Bank held more in inflation-adjusted assets than the 25 U.S. banks that collapsed in 2008.” https://t.co/o1ENhsZhU3 pic.twitter.com/J6999PswHa
— Michael Jackson (@WorkMJ) May 3, 2023
Combined bank failure losses in 2008/9 adjusted for inflation were around 550 Billion. Within 2 years.
Within 2 months the bank failures of Republic, Silicon and Signature stand at 570 Billion.
But we are not in a recession/depression and the economy is doing great.
I think by the end of the year it will collapse completely – yet many people are still convinced by the propaganda that everything is ok.
Banks be needing suspenders now
