In a recent episode of Steve Bannon’s War Room: Pandemic, the former White House Chief Strategist made a bold claim that the entire banking system has collapsed in just three years. Bannon warned viewers of the dire consequences that would result from these events, including a complete economic collapse.
According to Bannon, the root cause of this collapse was the Federal Reserve’s actions in creating too much money and credit. This caused an artificial boom in the economy, which led to over-investment and risky behavior by banking institutions.
Bannon also pointed to the debt burden that many countries and individuals are currently facing. He argues that the debt has become so large that it is nearly impossible to repay, putting the entire financial system at risk.
While some experts disagree with Bannon’s assessment of the situation, there can be no denying that the global economy is facing significant challenges. The pandemic has caused widespread disruptions, particularly in the areas of trade and commerce, leading to job losses and economic uncertainty.
Despite these challenges, there are still many opportunities for growth and development. Governments and businesses can work together to find innovative solutions and invest in new technologies, such as artificial intelligence and blockchain, which could help strengthen the financial system.
In addition, it is crucial that policymakers take steps to address the root causes of the current crisis. This may involve implementing stricter regulations on banks and financial institutions, imposing limits on government debt, and promoting greater transparency and accountability in financial transactions.
Ultimately, the collapse of the banking system would have devastating consequences for individuals, businesses, and entire countries. It is up to all of us to work together to find solutions and prevent such a catastrophic event from occurring.