3 Banks Gone Bust Within the Past Month -- Bank Failures & Bank Runs Alert in America! - Great Video!
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Three Banks gone bust within the past month – Bank Failures & Bank Runs Alert in America — Economic Collapse — Stock Market Crash Three banks in America have gone bust within the past month.
The Banks that went bust are City National Bank of New Jersey, Resolute Bank of Ohio, and Louisa Community Bank of Kentucky.
But many other banks are struggling anyway, in an era of low-interest rates and hot competition. The more margins stay low; the more likely banks are to move into unsuitable areas to boost them.
Many companies are already carrying more debt than they can handle, while households are showing signs of strain, too.
The latest survey carried out by the New York Federal Reserve, released last week, showed record-high consumer loan balances and worsening delinquency trends in car loans, student loans, and mortgages. Granted, the three bust banks are just small canaries in the coal mine.
It is however interesting to notice that, the last time there were zero US-bank failures was 2006. In 2007 there were exactly three, just like this year . What happened the year after that? No one needs reminding.We all know what happened in 2008 , don’t we !.
guys this time they will bail in first, mean they will wipe out all creditors before asking for bail out. Banks won’t fail but you will lose everything.
Eventually the people wil rise up, take control of the government, eliminate the Federal reserve and finally arrest all private bankers by ceasing their Banks and their personal property. All banks in America and the world should all be Federal credit unions that are non profit banks.
There is a housing crisis and medical ins crisis. Many people now, don’t have savings, when they retire. In our system, people r living on Social Security. It was originally designed to be supplementary.There r long lists for housing availability now. The world is in trouble.
Coming collapse of the US.
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2 of the 3 closures were in October so 1 per 3 months on average, its 4 in total this year, none in 2018, 8 in 2017, 5 in 2016, and 8 in 2016 its therefore say an average of 7 to be expected and 2018/19 have been an exceptionally good years. Its like hearing from the media constant hurricane warnings where an overrated storm is pre estimated from wind speed over wind force and the fact hardly any had made landfall, or in fact formed at all was entirely ignored.
Banks are being saved or destroyed by decisions made over a decade ago, since that is the life of a mortgage and the last round of bailouts.
Wells Fargo is still in business and they have skull f*cked their own clients and depositors over and over. Why haven’t they failed yet?