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Jim Willie - A bigger crisis than the 2008 crisis is coming *vocalization/ Highlights*
1 year ago
1.19K
💣 Jim Willie discusses the current state of the banking system and predicts that a major bank failure is imminent, which will surpass the 2008 crisis.
Three big bank failures have already occurred, surpassing the size of the 2008 Lehman collapse.
The Fed raised interest rates in an attempt to help the banks and protect Treasury bonds, but this strategy is causing further problems.
The banking system is supported by money laundering and dirty money, which will eventually be exposed.
As foreign nations refuse to accept the dollar, trade will be affected, causing a shortage of import supply.
Dumping of Treasury bonds by foreign entities will lead to an increase in the Fed’s balance sheet and the potential purchase of gold from various sources.
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