The banks are crashing in the United States, and it's about to get much worse.

Big trouble is ahead for many banks that have commercial real estate in their portfolios.

Fed chief Jerome Powell warning, quote, there will be bank failures at the Senate Banking Committee that was in early March due to

declining values and defaulting loans in the commercial real estate space. Smaller banks are specifically

feeling the pinch. Specifically, those small and mid-sized banks could collapse in the coming months.

And guess what? The consolidation will happen. They will be either failed, completely, or gobbled up by the

bigger banks. That's exactly what they want. It's all part of the plan. Listen to what he said in

March. On commercial real estate, we have a secular change in people working from home. This is one

big part of it. That means that in many cities, the downtown

office district is very underpopulated. There are empty buildings in many major and minor cities.

It also means that all the retail that was there to service the thousands and thousands of people

who work in those buildings, they're under pressure to. And banks will have made loans to many

of those buildings, not all of them, but And banks will have made loans to many of those buildings,

not all of them, but many. So this, this we've known for some years. And so what do we do?

We have identified the banks that have high commercial real estate concentrations, particularly

office and retail and other ones that have been affected a lot.

We identify them and we are in dialogue with them around, you know, do you have your arms around

this problem?

Do you have enough capital?

Do you have enough liquidity?

Do you have a plan?

You're going to take losses here.

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