Sean Foo: The Crisis has Gone Global, Banks are Desperate for Cash ~ March 29, 2023

__________________________________________________________________________________________________________

Sean Foo
Mar 28, 2023

The US banking crisis is now triggering a treasury dump by foreign central banks as a dollar shortage is brewing. This is bad as banks are pre-empting yet another spree of bank runs as depositors flee away with their money. The incentives to keep money in the banks just isn’t there and if this continues, we could be in for a deadly credit crisis which might grind the economy to a halt! Here’s what you must know.