So while bought and sold mainstream media spewed the manufactured BS that people were flocking to the big banks to park their money after SVB crypto bank collapse ostensibly because they wanted you to freak out over bond positions many bankers held putting on demand withdrawal reserves under water in short term and errantly leading you to believe those “midsize” banks were NOT safe havens for your money the truth is actually the opposite. And the real crunch will come incrementally over the next 16 months as commercial real estate leases and mortgages come due and the banks holding the paper brace for a brutal reckoning.And brutal it will be as demise already gathering steam here in affluent areas we have first person access to.Class A office properties already in default as we speak .

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

July 20, 2023

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