by Stefan Gleason, Money Metals:

The global fractional-reserve banking system is teetering on the brink of failure.

Financial strains are exposing major banks as under-capitalized and ill prepared to weather additional strains from high inflation, rising interest rates, and a weakening economy.

Banks operating outside the United States are presently most vulnerable. A spike in interest rates concomitant with a spike in the exchange rate of the Federal Reserve note “dollar” is wreaking havoc in global debt markets and driving capital flight.