Delinquencies and reserves for bad and doubtful debts within the banks are increasing as per their latest financial statements. This video specifically covers BAC (Bank of America) but suggests other banks following suit. Consumers have maxed out their CC's and now can't afford to pay for their borrowings let alone keep spending like the govt if going to keep printing money for the 'people'. The only 'people' they are worried about are the corps and instos.
9.5 min
Delinquencies and reserves for bad and doubtful debts within the...
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