______________________________________________________
The Atlantis Report
Premiered May 28, 2021
The Banks are in trouble because people are defaulting on their loans.
If people aren’t earning as much money as they were when they were working, especially small businesses, they’re not paying their loans. So, the banks are not getting interest payments. They’re getting defaults.
In fact, there was already trouble in the subprime markets before the pandemic. Both subprime credit card and auto loan defaults were rising. That will only increase with millions of people suddenly unemployed.
The Bankers are staring into an abyss. The Problem is Main Street just doesn’t know it is staring into the same abyss.
Even when the economy is overheating, banks are insolvent by design. The more insolvent they are, the more they fleece the sheep.
It is all perfectly legal, of course.
Now people are starting to realize that they have been funding compulsive gamblers with unsecured loans at perhaps twenty-five percent interest rate on their bank deposits .
Advertisement
______________________________________________________
And when you realize that governments have made this all legal and that they have pushed through bail-in legislation to protect the taxpayer from bank insolvency, do you trust your government to do anything that is for your benefit?
We are wearing masks, But it is the banks doing the robbings.
The financial sector is the key to the US economy. They shouldn’t be, but they are because we have a bubble economy. We have an economy based on credit, based on debt. So, not people spending the money they earned, but spending the money they didn’t earn, but they borrowed.
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
