So the economy is doing fine although we lost more in bank crashes than in 2008/9 combined?!

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.” 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