>>514869949
>These credit unions and community banks also don't hold all the shit MBS and CRE debt, they are much more solvent.
lel pic related shows the banks will extend credit to the worst if it suits them
this is the 2008 failures on steroids
the Nyfed has $10T in IOUs and $12B in operating capital

sitting on trillions in vacant commercial properties including apartment buildings, condos, trailer parks, nursing homes, offices, strip malls
the real question is how much damage are boomers going to do before they pass on and will it be irreversible?

Credit-based fiat, interest-free US Notes issued by the US Treasury for the citizens to use for daily commerce are VERY DIFFERENT from debt-based, borrowed, private, interest-bearing Federal Reserve Notes issued by the bloodsucking BANKRUPT NYFed, which are then also used to primarily reinvest back into the NYFed’s securities casino.

‘Investing’ is just people further bankrupting the US by putting the NYFed’s private Federal Reserve Notes back into their debt-based system via the treasury market.

the legislative volley between boomers and billionaires that leaves everyone out:
NYFed owners say they need more taxes from social security/medicare payments to pay them interest
boomers say big bank fleecing of the country is fine as long as they're getting social security
and they both continue to make laws to protect their positions, so now, effectively all wealth is going to the old and dying