MORE SEVERE than Imagined! $800 Billion of US DEBT may be LIQUIDATED .丨AsianQuicktake

 

1,112 views Premiered 42 minutes ago

"On May 3rd, the Federal Reserve released the minutes of the latest Federal Open Market Committee (FOMC) meeting. According to the minutes, the Fed raised the target range for the federal funds rate by 25 basis points to between 5% and 5.25%, marking the tenth consecutive rate hike since March. Since March, the banking crisis in the United States has escalated. Some believe that continued aggressive rate hikes could exacerbate the crisis and bring the U.S. closer to a recession. In the face of the Fed's rapid and sustained rate hikes, banks are suffering significant asset losses, leading to the closure of small and medium-sized banks. Biden's assurance that banks are safe is a sham. Depositors, frightened by bank closures, will surely withdraw their money from small banks and move it to larger banks, making the U.S. banking system even more fragile and possibly causing another wave of bank failures. The New York Times believes that the Fed is using euphemisms such as "soft landing" or "hard landing" to avoid the issue of an economic recession. In reality, there is a high probability that the U.S. economy will slow down within a year, and the "soft landing" that the Fed expects may be difficult to achieve. Yellen has again issued a stern warning that the U.S. may default on its debt as early as June 1, and faces the risk of "defaulting on all of its obligations," which would lead to a historic debt default and liquidity crisis.'