Lockdowns and shutdowns led to the current banking crisis
A bulleted summary
Great piece above, and my own bulleted summary below…
(1) Government handouts of money and low interest loans meant people were no longer seeking bank loans.
(2) Banks were suddenly awash in deposits, and so loaned to the government itself.
(3) But loans to the government were super low interest because there were so many banks competing to lend.
(4) So, banks have tremendous moneys invested in super low interest loans, and any inflation will undermine that investment.
(5) And of course there was inflation. Not only was money madly printed and doled out, but lockdowns/shutdowns strangled the economy, ensuring there was simply less stuff to buy. Way more money and less stuff means big inflation.
(6) And all those low-interest bank loans to the Feds become massive losses.
(Link: https://thegrayzone.com/2023/03/15/covid-lockdowns-financial-crisis/)
Absolutely and I really think it was no accident either. If I, a lowly little supermarket assistant, knew instinctively that lockdown would financially cripple nations then, in my opinion, those 'in power' who are paid to know and understand such things certainly both knew and understood.
In addition to this the FDA has granted emergency authorization to the updated Pfizer-BioNTech COVID-19 vaccine as a booster for children as young as 6 months old, even though Pfizer has produced no clinical efficacy data for any age group.
They are never going to give up on the scam until we start sending them to prison