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Banking Crisis Unveiled
This chapter explores the precarious state of the banking system, drawing connections to past financial crises like 2008. The discussion covers the opacity of banking operations, liquidity concerns, and the implications of the Federal Reserve's actions, revealing how these factors contribute to an alarming rise in insolvency issues among banks. As trust erodes, the chapter highlights the potential future landscape of banking, characterized by the dominance of larger institutions and a shift towards centralization.