Across the United States and around the world, the average individual is dangerously overleveraged, and yet they continue to borrow even more money. In recent years, consumer debt, household debt, and personal debt have all skyrocketed. Credit card debt is on the rise as more and more people struggle to meet their obligations, and there is no end in sight to the debt cycle. According to TransUnion, loan defaults across all sectors have increased, and it is predicted that they will continue to do so.

In the US, 63% of households currently live paycheck to paycheck, have no savings, and continue to borrow an even higher percentage of their income as a result.

Do you think the banks are in trouble? No, you are in trouble!

As the savings rate has dropped to negative, banks are literally drying up when it comes to depositing, lending, and closing deals. Bank liquidity is literally drying up. In the current economic climate, it is becoming increasingly difficult to find viable loans. These are the loans that can be repaid by former middle class members, who are defaulting on their debt at a rapid pace.

While interest rates are rising, the rich and well off are increasingly using cash to purchase expensive items such as real estate and automobiles. Currently, the environment in which the banks are operating is not favorable, and that should make you nervous. It is because these institutions will not be permitted to fail at some point in the future, so bail-ins and bailouts will become a reality again some time in the future.

There is a continued rise in inflation in the country.

It has been reported that inflation has continued to rise despite the actions of the Federal Reserve, Swiss National Bank, European Central Bank, and Bank of England, all of whom raised their interest rates by fifty basis points. Consequently, the currencies they lend to the world (the bills in your pockets/bank accounts are not yours).

It continues to lose more and more of its purchasing power as a consequence of the fact that they are owned by the issuing central bank and have to be repaid to the issuing central bank along with interest which is created out of thin air.

Money supply is expanding at an ever-increasing rate.

In actuality, the entire financial system would be locked up if the global money supply did not continue to expand. It is the responsibility of the issuing central bank to pay back the note, irrespective of the form in which it is issued, in addition to interest that has been generated from nothing.

Moreover, while central banks continue to sell the lie that by raising rates at some time in the future, inflation will diminish, this is not the overall effect of an expanding money supply. In the meantime, mainstream propaganda ministries continue to sell the lie that by raising rates, inflation will decrease.

Silence is deafening when it comes to the situation.

It is not necessary for a central bank to restrict the money supply to stop/control inflation. In order to accomplish this, it would be necessary to require financial institutions to increase their capital reserves. The mainstream financial channel, as well as a politician, as well as a central banker, has not yet spoken about contracting the money supply. And you won't ever hear anything about it.

A central bank's primary responsibility is to maintain inflation. Its single source of power, as well as its Achilles Heel, is the ability to issue debt. Therefore, the ability of the central bank to issue debt is the single source of power for the central bank.