This is intriguing question to be answered and there are many more questions related to this topic which I will try my best to answer it. Banks are nowadays the hottest topics of discussion and also had worried many people in the US. When I was young enough I always thought that banks are the safest place for the worlds economy.

The Collapse of US Banks and the Impact on the Global Economy.png

But I was wrong at that time and now I came to realize that banks are now no more secure. The recent bankruptcy have effected the economy very badly and the main thing that Investors are more attracted towards Crypto, Gold and Silver then banks and other fixed APR incomes.

It is really strange to hear that banks are collapsing in United states which is the world super power and had the strongest financial economy. According to the research and reading from an article it was written that USA is drowned in debt and when I compare to my country they are more in debt then us.

ALARMING SITUATION OF WORLD ECONOMY AND BANKING SYSTEM

It is really an alarming situation of the worlds economy and world banking system, and the investors are now understood about these financial problems. One of the main reasons the worlds economy is struggling because they are denying the reality of cryptocurrency which will effect them badly.

After some research, I came to know that those countries who had allowed Bitcoin transactions as legal in their country are running smoothly. Their finance and economy are not struggling as much as the strongest financial countries.

The Collapse of US Banks and the Impact on the Global Economy1.png

It is true that if the banks in US are not safe, the entire banking over the world will not be safe. The bankruptcy in US had impacted the economy of the whole world and also the banking system all around the world. People have realized that if banks are not safe in US then how it is possible third world countries banks can survive.

The recent bankruptcy news had affected my city banks as well, people came to know about the news and were moving their money from bank accounts. When I visited the near banks they were out of cash and told me to wait for days. I understood that this is the reason of the US bank issues.

What do you people think banks are really collapsing and investors are no more trusting banks for their money protection? Will accepting crypto will give strength to the banking systems? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

NOTE: PICTURES ARE TAKEN FROM CANVA AND EDITED IN CANVA.

DISCLAIMER

Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!

Thank You!
Best Wishes.

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nonsowrites (75) last year

Bank runs are contagious and if not well managed can lead to a financial crisis on a global scale esp when these bank runs are occurring in the most powerful country in the world currently.

Although I do not think crypto is the answer to everything, it does have a part to play in the grand scheme of things.

$0.00

aliakbar2 (71) last year

Quite right. Banks are the leading for the financial growth and must play its role to give strength to the worlds economy. Else people will came to invest into Crypto to find Financial solution.

I agree with you crypto is not the answer to everthing, but is been the main focus of all organizations and governments.