Banks at a Crossroads Is Your Money Truly Secure -3

2,) ZOMBIE CORPORATIONS: - The $1 trillion of high yield debt that's piled up in the last 5 years is about to have a 'day of reckoning,' Bank of America says ● Zombie Corporations - A zombie corporation refers to a financially distressed company that continues to operate despite being unable to cover its debt obligations and generate sustainable profits. These companies rely on external support, such as government bailouts or continued access to credit, to stay afloat. They often have weak cash flows, high debt burdens, and lack profitability. Zombie corporations can hinder economic growth by tying up resources that could be better utilized by healthier companies. ● There's over $1 trillion of private debt that's headed for potential trouble, Bank of America warned. ● Most of that debt has been created by below-investment grade companies through high yield loans or bonds. ● Around $400 billion assets are considered to be in "pre-distress," while $150 billion assets are "deeply distressed." https://www.newsbreak.com/news/3127855455975-the-1-trillion-of-high-yield-debt-thats-piled up-in-the-last-5-years-is-about-to-have-a-day-of-reckoning-bank-of-america-says?noAds=1&_ f=app_share&s=i3 Bank of America says recession and credit crunch could lead to $1 trillion in corporate debt defaults https://biz.crast.net/bank-of-america-says-recession-and-credit-crunch-could-lead-to-1-trillion in-corporate-debt-defaults/ 3.) CBDC Privacy Concerns and Bank Accounts and Deposits: The biggest problem with implementing a central bank digital currency (CBDC) in the United States is the potential impact on privacy and financial surveillance. It raises concerns about extensive data collection, monitoring, and the loss of financial anonymity. There are also operational challenges and potential exclusion of those without digital access.

There has been a massive move towards a central bank digital currency: Monica Crowley https://www.foxbusiness.com/video/6324158732112

The Risks of CBDCs By The Cato Institute https://www.cato.org/study/risks-of-cbdcs