The Great Reset: It's coming – More bank closure and more bank layoffs in Q4 2023.
In 2024 and 2025 banks are also facing residential and commercial owners giving back their properties due to high refinancing costs. Moreover, car repossessions are on the rise as auto loan delinquency rates reach highest level since 1994. And where is the credit card debt right now? It is through the roof and bank total deposits declined year-over-year for the first time since 1994 as well.
More in the ThisisJohnWilliams video.
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