Banks Takes losses. The bank is right now sitting on 1.7 trillion in equity losses.

That means September boot lies the banks. Unrealized losses on investments in security have skyrocket.

Recently, unrealized losses account for 33% of all bank equity capital.

This is a very important trend that we need to watch so watch this. I want us to think about this right quick. The bank's objective is to make money.

So if the bank is sitting on 1.7 trillion losses plus, watch this, plus now we have

420,000 US American workers that are now on strike.

We're going to put some things in perspective and why I say that the economy is we are this is why I say we are we are in a situation where it's about to get real dangerous

So anytime the banks are sitting on 1.7 trillion losses watch this and then people have already tapped into their savings, right? Credit card debt is at an all-time high.

Household debt just hit 1.7 trillion as well.

So if the bank losing this kind of money, people don't have the money,

lending now because the bank understands that people don't have the money,

sales on everything is going down, but while

sales are going down, prices are going up, and wages aren't matching inflation.

So the banks have now done is the banks have now said,

yo, we have to tighten up these lending conditions,

so now the bank not even lending money like they would.

So the bank is losing money,

the bank is not lending money, credit is high, people are at fear of going default because we've already said that the average person is behind at least 60 days on at least two bills.

Not one, but two.

Let's partner that with 420,000 people are now on strike that's the most since 1983.

Why are people on strike?

We need money.

...