America's 186 banks will collapse like Silicon Valley | American economy to collapse?- Watch Video

Saumya JaiswarPublish Date: 23 Mar, 2023

Cracks have started appearing in the world's largest and strongest economy. In March itself, 4 big banks of America collapsed and the danger is increasing. Trusting a recent report, like the Silicon Valley Bank, 186 more banks are at risk of drowning (American Bank at Risk). Presently these banks are running on the mercy of the people. If the government does not take concrete steps soon and people start withdrawing their money, then the risk of sinking these banks will also increase. 

The Social Science Research Network study, in a report titled 'Monitoring Tightening and US Bank Fragility in 2023', said that 186 more banks in the US face the same risk as Silicon Valley. This type of risk has arisen due to an increase in interest rates and an increase in uninsured deposits. It has been said in the report that the return on investment of these banks is already decreasing. In such a situation, the entire onus has come on the depositors.

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