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the banks in crisis and the fallout part 1 [I Ve Got Something To Say]

so far this year 82 companies have defaulted on their debt,mostly because the banks have stopped lending. 61 of those in the second quarter of this year its the highest number since the 2008-9 crash,112 year old engine maker briggs and stratton,cirque de soleil, 24 hour hour fitness,california pizza kitchen,gnc vitamin retailer,lord and taylor the us oldest dept store. the list goes on and on.Another 2000 companies have had the credit down graded the first step before bankruptcy. these are the red flags people 馃檨
luctoretemergo61-69, M Best Comment
Most people don't care - as long as their phones work and they still have internet , etc....they just don't care. And when (not if) this worst-than-2008 crisis hits - all these "movements" (BLM, Me2, Global Warming, etc) will mean absolutely nothing . If you have a lot of money now - this is how empires are made. If you don't it's time to be in cash ie as liquid as possible.....thanks for this.
english56-60, M
@luctoretemergo well you seem to be the only one who has some understanding of whats going on the world,i can only share information what people do with it is out of my hands,there is no doubt it will be worse than 2008, and probably lead to a one world currency ,and its all down hill from there agenda 21 ..........
luctoretemergo61-69, M
@english Sorry for my late reply...I'm not exactly a dooms-day-prepper but financially, I'm "going to the matresses" as they said in the GodFather! :)
Be well my friend and be safe!
english56-60, M
@luctoretemergo iyts as smart a move as you can make right now , unless you invest in precious metals you too take care man cheers馃嵒

MarineBob56-60, M
If the CEO is making above $500,000 they should not be allowed to file bankruptcy
SW-User
@MarineBob I don鈥檛 like this commie talk lol
MarineBob56-60, M
@SW-User I'm sure the CEOs don't either
english56-60, M
@MarineBob no argument there bob.
Thanks for this. Its very worrying but its the truth.
heavyone261-69, M
Yep.... the collapse is coming.

 
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