The Failing Banks and the Faith of the Masses

April 7, 2023 Cde. Celeste 0

The U.S. economy is bleeding, it’s hurt. It’s stumbling along on stilted steps, and the Federal Reserve needs to keep up the faith. That’s how all this works, right? Faith that the slip of paper, or the mark on the computer, means you have money somewhere that will be honored when you try to take it out.