# "The Banks Are Melting", and Signs of a Major Credit Contraction Are Already Starting to Emerge ![rw-book-cover](https://readwise-assets.s3.amazonaws.com/static/images/article1.be68295a7e40.png) ## Metadata - Author: [[Michael]] - Full Title: "The Banks Are Melting", and Signs of a Major Credit Contraction Are Already Starting to Emerge - Category: #articles - URL: http://theeconomiccollapseblog.com/the-banks-are-melting-and-signs-of-a-major-credit-contraction-are-already-starting-to-emerge/ ## Highlights - We haven’t seen anything like this since 2008, and every month this crisis just seems to escalate even more. ([View Highlight](https://instapaper.com/read/1591447724/22169882))