What a Collapsed Banking System Looks Like

In the 1930’s the collapse of the banking system propelled the world into an economic collapse.  Depositors lost their savings, confidence was shattered, companies starved for capital went out of business overnight, borrowers defaulted en masse and unemployment soared.  A collapsed banking system guarantees an instant economic depression. A mere generation later, the world is […]

European Banking Crisis Spins Out Of Control – Officials Have No Solutions

The European banking crisis intensified as the threat of debt default contagion spread across Europe.  What was once a “Greek” problem has quickly overwhelmed all of Europe, resulting in a broad sell of equities and frozen credit markets.  Bloomberg reports that European banks are now being valued at levels last seen during the worst of […]