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Banks to Suffer $850 Billion in Credit Losses through 2025
Published 1 year, 3 months ago
Description
Standard and Poors says market uncertainty would lead to banks losing $850 Billion (yes, billion) in credit losses, a level not seen since the 2008 credit crisis. Swiss America's Dean Heskin and Chris Agalestos discuss the seriousness of the situation and why the longtime financil gurus of S & P predict such a high number on the Secret War on Cash.
Dean and Chris also issue a warning about scammers today who airm for people's bank accounts as one banking giant revealed $2 milloin was drained from accounts in eight days.
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Articles referred to in this podcast:
Banks This Year As Uncertainty Prevails: S&P Global Forecast
https://dailyhodl.com/2025/01/10/850000000000-in-credit-losses-will-hit-us-banks-this-year-as-uncertainty-prevails-sp-global-forecast/
Read more at:
https://econo
Dean and Chris also issue a warning about scammers today who airm for people's bank accounts as one banking giant revealed $2 milloin was drained from accounts in eight days.
Subscribe to our Youtube channel: https://www.youtube.com/@swissamerica?sub_confirmation=1
Call for your FREE copy of The Secret War on Cash newsletter: (800) 289-2646 or
Visit our website for more information: https://www.swissamerica.com
Call for your FREE copy of How the Coming Global Crash Will Create a Historic Gold Rush: (480) 548-2975
Follow us on Facebook: https://www.facebook.com/swissamerica/
Follow us on X (Twitter): @Swiss_America
Follow us on LinkedIn: https://www.linkedin.com/company/1023049
Articles referred to in this podcast:
Banks This Year As Uncertainty Prevails: S&P Global Forecast
https://dailyhodl.com/2025/01/10/850000000000-in-credit-losses-will-hit-us-banks-this-year-as-uncertainty-prevails-sp-global-forecast/
Read more at:
https://econo