Comments by "Ade M" (@adem5762) on "Stunning Admission By Janet Yellen on Fed's Real Goal" video.

  1. Such a lightweight RJ. The US banking sector is full of dead weight, Powell is doing the correct thing, letting the losing banks collapse before they bring down the ENTIRE US Banking Sector. this year, it will be carnage for small and medium Us banks, MANY will go to the wall. SVB and First Republic were the first many more will follow. Even 2 of the 4 big US banks are in Trouble, Citigroup and Morgan Stanley are wailing becasue they cannot meet the 20% deposit rates mandatory to prevent bank runs. They have even threatened to sue the FED...which is laughable. The entire US banking system NEVER learned from the GFC. After 2009 they went right back to where they left off, and LEARNED NOTHING. In the EU the GFC was a wake up call, tighter regulation forced banks to be more resilient. the whole UK nbanking sector cut back on los making areas of their business. Over 80% of branches closed, insurance sectors were sold off as were small regional banks. The last time I used a cheque was in 2010, all banking is done online or by phone app. No money orders, no checks, just tele bankng. What happened in the EU in 2009 is going to happen in the US in 2024-2025. Only the Us will get hit harder than any other country.
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