Just look at the graph from the Fed. The blue bump below on the left is the lending from the 2008 crisis — you know, that little old thing. The purple is COVID.
And the giant orange/aquamarine monster on the right is the 2023 banking crisis.
See how much higher it is than even 2008?
https://i.redd.it/zxo2rv22c8ed1.jpeg
by wakeup2019
3 comments
[https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-hidden-defaults-reflect-weak-local-government-finances](https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-hidden-defaults-reflect-weak-local-government-finances)
This is why they invented bitcoin
Make the stock market green again