Banking Collapse Has Begun
The Reese Report’s Greg Reese says banks are tumbling like dominos around the planet, many the result of corrupt governments, others from poor financial policy.
Banks in Nigeria and Lebanon have shuttered their doors, much to the chagrin of a rioting public. Meanwhile, the rise in Federal Reserve rates has killed America’s biggest lender, Silicon Valley Bank, destroying $152 billion in uninsured deposits. The pinch by the Fed also victimized Silver Gate Bank and many bank stocks have plummeted. Reese, breaks down the dire collapse, plus bring more intel on current events.