The world’s banks are teetering on the edge – with one foot dangling over a 500 foot drop. Here’s the latest news about financial affairs. I doubt if you will read any of this in the mainstream media.
- The unrealised losses on securities held by the FDIC in the United States is now over $620 billion and rising. American banks are sitting on unrealised losses of $1.7 trillion. If all depositors go and ask for their money back the majority of banks will go bust in an hour. The bank crash hasn’t even started yet. And shares and other investments are due for a gloomy decade or two…
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Source: Dr Vernon Coleman - MB ChB DSc Read the original article here: https://vernoncoleman.org/