Precious metals expert David Morgan expects half of the regional banks in the U.S. are going to collapse this year .
He made this prediction during an appearance on the “Health Ranger Report,” telling the Health Ranger Mike Adams that there are between 4,600 and 4,800 regional banks in the country. Citing another personality with a strong internet following, Morgan said he believes half of that number will fail before 2023 ends. In response, Adams said his prediction of half a dozen banks collapsing was more conservative than that of his guest.
“It’s made a lot of sense to me over the years, and that’s possible. They’re all interconnected,” said Morgan, also the publisher and CEO of The Morgan Report. As an example, he noted that a particular regional bank might be made up of 300 banks – including its total holdings. If these regional banks collapse, they would be consolidated […]
Excerpt Sourced From: ourgoldguy.com
