A Large number of office defaults could force banks to mark down value of these and other loans. A record amount of commercial mortgages expiring in 2023 is set to test the financial health of small and regional banks already under pressure.

Smaller banks hold around $2.3 trillion in commercial real estate debt, including rental-apartment mortgages, according to an analysis from data firm Trepp Inc. That is almost 80% of commercial mortgages held by all banks.

The fiat system is crumbling at every turn. It is only a matter of time before it collapses.