The FED's actions in the fight against inflation and Bitcoin have cost the banks capital. Many large banks have shut down, and many more are getting ready to follow.

722 Banks in heave losses 

     According to records from the FED that were published in April 2023, there are 722 banks in the US that have reported unrealized losses that are greater than 50% of their capital, This may be considered as the beginning of the bank crises.

Reckless Government and the FED

     The Fed had all the information; it also knew that their interest rate policies could have a bad effect on the banks, yet the FED did not warn the government or the public. The government also did not pay attention to the policies of the FED while being negligent. Now that the banks have started closing, only talks are being held to save them.

    Bank, Effect, and De-dollarisation

     Large financial institutions like JP Morgan Chase will keep offering their services to the general population. However, the closure of numerous banks will bring to an economic catastrophe in the US and have an impact on the dollar-based economy. The only economies that will survive are those that are less reliant on the US dollar.