Bank runs are closer than I feared.

Paraguay, Japan, France, and Indonesia are all facing withdrawal lockdowns or major hacks. These situations effected million of people globally. I think it won’t be long for before bank runs now. I just want to quickly go over some things with American banks. Please feel free to add anything else you got. Their current marked to market losses on mortgages sit a 25%. A 8 trillion dollar market with an average apr in the mid 4s. Not Only are they losing money on defaults they are losing money on fully paid loans. Bank reserves are basically nonexistent. rehypothicated several times over on every deposit. Thanks to laws on bank reserves In the USA. Feel free to add more things below but I’m cashing my paycheck from now on I’m out. I know it’s coming and I refuse to take part in this disaster.