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@peterschiff
U.S. #banking system is teetering on insolvency. Banks, over-reliant on #mortgage backed #securities & #treasuries, are in a dire state as their values plummet. Even the ‘too big to fail’ banks aren’t immune. With interest #rates soaring, the worth of these securities is tanking - most are worth mere cents on the dollar. My #bank, unique in its solvency, was unjustly shut down. This financial turmoil is a predictable outcome of flawed policies and shortsighted economic practices. This clip is from my interview with Darren Moore, recorded September 16, 2023.

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    • mortgage
    • bank
    • securities
    • banking
    • rates
    • treasuries