It Appears That We Have a Major Problem with the Banks

November 05, 2023

by Michael Snyder The Economic Collapse Blog

In recent weeks there have been numerous high profile bank “glitches”, accounts are being shut down without warning at a staggering rate all over the nation, and more institutions continue to get into very serious financial trouble. For a while, I was ignoring some of these reports because I thought they were isolated issues. But when you step back and take a bigger picture view of things, it really does appear that we have a major problem with the banks.

According to CNN, on Friday many of our largest banks “were hit by deposit delays”…