"The battlefield is a scene of constant chaos. The winner will be the one who controls that chaos, both his own and the enemies." – Napoleon Bonaparte Consumer trust in large institutions is faltering. It's not a surprise. Hardworking, everyday Americans feel like they've been let down – over and over again – by our so-called leaders in Washington, by big corporations, by the news media, and more. Gallup poll results show degrading confidence in institutions, including Congress, media, public schools, and organized religion. Banks are the latest of the institutions to get a "no confidence" vote. For example, in 2022, just 27% of Americans reported having a great deal or quite a lot of confidence in banks compared to 33% in 2021 and 38% in 2020. And these feelings of angst – and betrayal – lead to action. Here at LikeFolio, we've seen a surge in consumer mention volume related to the failure of small- to mid-size banks in 2023. Check out how mentions of banking withdrawals skyrocketed in the last quarter, currently up 81% year-over-year: Here's where things get interesting, though. Because, as Napoleon once said, chaos leads to opportunity. Even with the banking crisis. We can show you how, why – as well as the opportunities that crisis has spotlighted – right here... Click here to continue reading |
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