Loading ...Seems to me it’s not banks their worried about or they wouldn’t have done fast pace purposeful interest rate hikes. It seems more like they are diverting their failed policy’s and irresponsible money mismanagement that have done nothing good for this country by causing a currency war with there poxy war in Ukraine and knowing it would devalue the Russian Ruble with others being collateral damage or adding to their troubles but with a backdrop of China benefiting and their continued irrational spending. Not that they wouldn’t bail the banks out. The big banks lack of raising interest rates to customers while benefiting at higher interest rate loans they don’t seem to be worried about it either less borrowing dried up.
It seems at this point it would take a reconstruction of our economy because of them which would drive the dollar down but also raise taxes up, as well dealing with corruption including risking national security and sovereignty within the Government and driving cost not just to businesses but cost of living up and crime up with their lawless policy’s even though the dollars up.
This just causes more dollar holding, bond selling, even gold selling and what they want apparently at any cost thats effecting the cost of living and quality of life for that matter to the country.