Bannon: “The Banks are Insolvent” — and will be Nationalized This is an entirely and utterly fully manufactured crisis — being conducted by the Fe…

As a former chief strategist for President Donald Trump, Steve Bannon is no stranger to controversial statements. However, his recent comments about the state of the banking industry have caught the attention of many in the financial world.

In an interview with the Daily Beast, Bannon claimed that “the banks are insolvent” and that they will eventually be nationalized by the government. He went on to blame the Federal Reserve for the current state of affairs, saying that its policies of low interest rates and quantitative easing have created a bubble that is about to burst.

This is not the first time that Bannon has made such predictions. In an interview with CNBC last year, he warned that the stock market was heading for a crash that could be worse than the Great Depression. He also predicted that Bitcoin and other cryptocurrencies would soon become a viable alternative to traditional currencies.

Bannon’s views on the banking industry are certainly controversial, but they are not without merit. Over the past few years, there have been several warning signs that the financial sector is in trouble. The subprime mortgage crisis of 2008 was just the beginning, and since then, there have been numerous scandals involving fraud, money laundering, and other illegal activities.

Many experts believe that the global banking system is fundamentally flawed and that it is only a matter of time before it collapses. Some argue that the current low interest rate environment is creating a bubble that will eventually burst, while others blame the widespread use of derivatives and other complex financial instruments.

Regardless of who is to blame, the fact remains that the banking industry is facing an uncertain future. While it may not be on the verge of collapse just yet, there is certainly cause for concern. As Bannon puts it, “the banks are in trouble, and they’re not coming out of it on their own.”

So what does this mean for the average person? Well, if Bannon’s predictions come true, it could mean nationalization of the banking industry, which would have far-reaching implications for investors, consumers, and the economy as a whole. It could also lead to greater regulation and oversight of the financial sector, which could help to prevent another crisis from occurring in the future.

Only time will tell whether Bannon’s dire predictions are accurate, but one thing is certain: the banking industry is at a crossroads. Whether it can navigate these choppy waters remains to be seen, but one thing is for sure: we all have a vested interest in its success or failure.