Trouble is brewing for global banks.
This recent chart from the St. Louis Fed shows “Net Charge-Off on All Loans and Leases” (red line) spiking up to the 160% mark, a level last seen in 2008, just prior to the Global Financial Crisis. The 1997 spike up near the 160% mark presaged the credit excesses that roiled the financial markets with the collapse of Long Term Capital Management (LTCM) and the plunge of the Russian ruble in 1998.
These spikes have proven to be harbingers of trouble brewing for the global financial system. We are once again in the ‘danger zone.’
h/t – DollarCollapse.com
There will be another round of ‘financial carnage’ for U.S. citizens when the next storm blows in. Millions of jobs evaporated during 2008 – 2012, and 4.1 million American families lost their homes to completed foreclosure actions.
Make no mistake – those storm clouds are gathering on the horizon right now.
It is time to re-target liquidity infusions, eliminate debt – and ‘power up’ the economy.
The Leviticus 25 Plan 2017 – $75,000 per U.S. citizen