Masses Will Flock To Crypto When They Realize US Banks Are Toxic

When things go wrong with U.S. banks it will be rapid and much faster than in the financial crisis of 2008. The truth is the U.S. banks are out of money. They are bankrupt. They are toxic. The U.S. banking system has $14.4 Trillion in total assets, yet debt far out strips that. Barack Obama alone added $10 Trillion to the debt. That is more debt by one president than all 43 presidents of the United States combined spanning 275 years. Currently, the debt per U.S. citizen top $156,000 per person. The six largest banks now account for 67 percent of those assets and all of the other banks account for only 33 percent of those assets. The five largest banks now account for 42 percent of all loans in the United States. The Federal Reserve has allowed an absolutely gigantic derivatives bubble to inflate which could destroy our financial system at any moment. Right now, four of the “too big to fail” banks each have total exposure to derivatives that is well in excess of $40 Trillion .