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Banking Crisis Insights of 2023
This chapter explores the financial difficulties faced by banks in 2023, particularly focusing on high bond yields and mismanaged duration risk, leading to significant losses for institutions like Bank of America. The discussion highlights the unsustainable nature of low interest rates for depositors and the potential risks of a liquidity crisis in the banking sector amid evolving economic policies. Additionally, the chapter examines the implications of government financial strategies and the rise of alternative assets like gold and Bitcoin in response to increasing economic instability.