The Next Big Bombshell is About to Hit U.S. Banks in a Big Way

I can imagine municipalities will start converting commercial space into residential. That will drive down home prices but will be devastating to construction workers.

Inflation? The indexes are bereft of food, fuel and housing. Those are the ongoing and rising costs that make inflation in other areas inconsequential. When the bankers told Nixon to take us off the gold standard our fate was sealed, it was simply a matter of time.

All of the banks that are carrying Commercial Real Estate on their books are about to get a “Crew Cut” once those Asset Values reset and must be refinanced and they are UPSIDE DOWN The Banks Are Already Laying Off.

Steven Van Metre - https://www.youtube.com/watch?v=Pp63NF0ezs0