Here is a very short note and chart laying out the bank crisis perfectly.
April 10 (King World News) – James Turk: In the Federal Reserve’s inflate or die currency system, US dollar liquidity is the essential lifeblood & it’s disappearing as M2 declines (down $520 billion from July peak). Fed loans have soared as weak banks seek a lifeline. Way too soon to say the bank crisis has ended.
As Max said, “You can’t taper a Ponzi scheme.”
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