Banking Crisis: Three big banks collapsed, two trillion dollars were lost… where will this devastation take America – us banking crisis three banks collapsed in two months two trillion dollars gone this year
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About 27,000 banks have collapsed in America in the last 100 years. It is believed that there is a danger of drowning hundreds of banks. But the condition of ten banks is bad. Shares of these banks have fallen by up to 75 per cent this year. In the first place is HomeStreet. Its shares have declined 75 percent. PacWest shares 71%, Metropolitan Bank 64%, Zions Bank 51%, Western Alliance 47%, KeyCorp 45%, HarborOne 39%, Valley National 35%, Truist 33% and Citizens Financial. declined by 32%. People are withdrawing money from regional banks and depositing it in big banks. That is, in the coming days, the banking crisis in America may deepen further.
America will become defaulter for the first time!
Meanwhile, US Finance Minister Janet Yellen has warned that if the Parliament does not approve to increase or suspend the debt ceiling by June 1, then there may be a cash crisis in the country. After reaching the debt ceiling, the government will not be able to borrow more. Since 1960, the country has changed the date limit 78 times. If it is not increased, America can default for the first time in history. Experts say that due to default, there can be a recession in the country and unemployment can reach its peak. Government employees and soldiers will not get salary, beneficiaries of social security will be affected. Even the weather forecast will be affected. Many people in the country use the data of the National Weather Service, which runs with the funds of the Central Government.
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