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Global Banking Collapse Continues

The Money Podcast

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The Global Banking Crisis Continues

A bank that was founded in 1856 has just gone into potential bank run potential collapse. Its credit swiss shares fell 24% overnight and it's looking to borrow 50 billion from its central bank. Asian markets have dropped some US banks, the shares in them have dropped significantly. Do you know what causes a dramatic drop in the shares of banks? Because I think there's one overarching thing. If you fear you may lose your money. And if more than 10% of depositors do that, there's probably no money left in the bank to pay the depositors. So I believe we could be on the precipice of a global banking crisis. Rob Hodgson has been saying this for

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