ACarl (@ACarl)

"94 US Banks Burdened by Uninsured Deposits – Risk of Bank Runs...The University’s Liquidity Risk from Exposures to Uninsured Deposits index found that #BNY Mellon and John Deere Financial have a 100% ratio of uninsured deposits, followed by State Street Bank (92.6%), Northern Trust (73.9%), #Citibank (72.5%), #HSBC Bank (69.8%), JP Morgan Chase (51.7%), and U.S. Bank (50.4%)...studies in ancient times as well as modern show that during a crisis you head toward #DEFLATION as money becomes scarce, the VELOCITY of money collapses, and people HOARD wealth – they do not spend it. The #US will experience a period of #stagflation as #GDP will decline as #inflation soars. Banks will begin to fail in #Europe before it becomes a global #contagion." https://www.armstrongeconomics.com/world-news/banking-crisis/94-us-banks-burdened-by-uninsured-deposits-risk-of-bank-runs/ #cash #kontanter #CBDC #digitalcurrency #FDIC #FVB #BNYMellon #JohnDeere #StateStreetBank #NorthernTrust #JPMorganChase #USBank #bankkrasch