Provisions for loan losses are at the highest in a decade as lenders prepare for large-scale company bankruptcies. Governments and regulators have unleashed trillions of dollars of support measures to prop up the system, ensuring the flow of credit and functioning of markets, and helping households stay afloat with salary supports and repayment holidays. All the support will not be enough to shelter the banks from the losses that are waiting from them in the days ahead. Thanks for watching this RTD Live Talk w/ Mike. Share your thoughts in the comment section below. Subscribe & click the ? icon to be notified of the next livestream. Consider becoming a supporter of the RTD Channel. All gifts add up to make a difference. Thanks RTD Patreon (Monthly Support): https://www.patreon.com/rtd RTD Donation (One Time Gift): https://www.rethinkingthedollar.com/donate/ ================================= Get more FREE resources at the Rethinking the Dollar website here: 1. The Four Steps Towards Unplugging From The Financial Matrix https://www.rethinkingthedollar.com 2. The 5 Reasons To Hold Gold Before The Next Recession – ***Free eBook*** http://bit.ly/5ReasonsEbook 3. RTD University (30+ hours of video interviews from authors, economist & commentators) http://bit.ly/RTD_University DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar". Opinions expressed in this video should not be relied on for making investment decisions, tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education.