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The Banking Sector Is Collapsing — The Truth Behind The Panic
Learn how the banking sector went from everything is fine to the banks are all collapsing and what’s next in line.
As of September 30, 2022, there were 4,157 commercial banks in the US.
If we could look at the confidential data from these banks, we would certainly find a lot of dirt behind the perfect façade that banks always show.
For the last few years, a low interest rate environment perfectly covered all the bank’s activities. Let’s see why.
How Low Interest Rates Protected “Bad Banks”
The blessing of low interest rates turns out to be knife that stabs banks in the back. Ironic…
Low interest rates means that banks don’t earn substantial amounts of money from loans, but from the process of giving loans. It also means that most people can get a loan independently of their financial condition.
I’m the only one that thinks that environment is setting people and banks for failure?
