Thought the banking crisis was over?
Moody’s, one of the main financial rating agencies, has just downgraded its outlook on several U.S. banking giants. The rating agency provided a negative outlook for J.P. Morgan & Chase, Wells Fargo, and Bank of America.
The agency cited extremely high debt in a high-interest-rate environment as the main driver of the negative outlook.
WLTR has long warned our readers to get their affairs in order before the banks inevitably collapse and the entirety of the U.S. banking system and the currency are revealed to be giant Ponzi schemes.
This isn’t financial advice, it is merely a call to educate yourself and come to your own choices about who acts as a custodian, if there is to be a custodian at all, of your hard-earned money.
Read these reports over and let us know if you are worried about the unsustainable debt situation with the banks and the broader U.S. economy:
“Moody’s negative outlook on bank debt reflects “the potentially weaker capacity of the government of the United States of America to support the U.S.’s systemically important banks”https://t.co/vo1sK8f1Qp
— Amy Nixon (@texasrunnerDFW) November 20,…
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