OH SH*T... The Global banking System Is Breaking Down

Global banks are tightening their belts, prioritizing U.S. Treasuries over lending. This trend highlights shared reluctance among both U.S. and European banks to support economic growth during turbulent times. Meanwhile, dollar scarcity is causing foreign governments to raid their reserves, raising alarms about the stability of the global banking system. The podcast delves into how these banking behaviors reflect deeper risks and challenges in the world economy, questioning the prospects for recovery.