Banks Are Cutting Credit To Everyone Preparing For Economic Collapse, America Is In A Trance! (Video)
Banks Are Cutting Credit To Everyone Preparing For Economic Collapse, America Is In A Trance! Video by Silver Report
Banks are preparing for an economic collapse by hoarding billions in loan loss provisions. One of the main reasons we are not heading for a V-shaped recovery is the fact that banks have begun cutting credit to just about everyone. It has become just about impossible to obtain credit regardless of ones standing.
According to Federal reserves lending survey Net 41.5% and 39.7% of banks said they tightened lending standards for large/medium and small C&I loans in the April survey, respectively, compared with net flat and 1.4% reporting easing standards in the prior January survey, according to Bank of America. Meanwhile, the share reporting tighter standards for CRE loans jumped to 51.3% in the April survey from 2.9% in the January survey so there has been a major shift in credit standards.
Our entire economy, unfortunately, runs on debt and when the debt is cut that means there can be no real recovery regardless of the shape. I also wanted to touch on a recent spike in unexplained losses that would suggest someone isn’t being honest and I believe it deserves an attentive eye.