Big Banks Just Went Down
Hold on, kids! Big banks just went down nationwide. Banks are citing temporary glitches, but the fact of the matter is — we might see more of these outages and increasing bank failures.
More customers are growing weary of the hiccups and delays, and beginning to pull out their money from accounts. Also, the banks themselves have overextended their lines of credit and deals with derivatives. All of these factors could lead to further risks and failures over the next few months, even years.
So be prepared for a bumpy patch ahead. Here’s more from ThisIsJohnWilliams.