Economist’s “News and Veiws” Tuesday 11-7-2023

What the Newest Bank Failure and Q3 Numbers Mean for the Future

Lynette Zang:  11-7-2023

As I previously mentioned following the collapse of Silicon Valley Bank in March, we are witnessing a troubling trend of more banks facing financial crises. In the latest development, Citizens Bank, a venerable institution with 94 years of history, has also succumbed to these challenges.

This unfortunate event marks the fifth bank failure in the United States this year.

In this video, we will explore the implications of these bank failures, along with recent data on Central Banks’ gold acquisitions in Q3.

Together, these factors provide a clear indication of what the future may hold for the financial sector. Stay tuned as I delve into the role of the FDIC in these events and why the security of your money could be at risk if they face insolvency.

CHAPTERS:

 0:00 Another Bank Failure

 3:00 Citizens Bank

4:38 Deposit Delays

8:46 Wall Street Invests Client Margin Under CFTC Plan

 14:04 Path For More Financial Oversight

 16:53 Losses on Investment Securities

20:46 Quarterly Changes in Deposits

22:53 DIF Reserve Ratios

27:14 Central Bank Demand For Gold

31:27 Get Your Plan In Place

https://youtube.com/watch?v=asS13iqG-Pk%3Ffeature%3Doembed%26enablejsapi%3D1

LIVE! NOW ONE TRILLION PER YEAR To Service US Debt. US Trade Deficit Balloons! War Is Expanding…

Greg Mannarino:  11-7-2023

https://youtube.com/watch?v=jnrnSjqd-qs%3Ffeature%3Doembed%26enablejsapi%3D1

Unstoppable Debt Collapse – It’s Now Just Math | Andy Schectman

Liberty and Finance:  11-7-2023

The U.S. has surpassed a 130% debt/GDP ratio. Nearly all nations that have hit this ratio have never recovered, says Andy Schectman.

Many people are waking up to the precarious fiscal situation the U.S. is in and what it could mean for the U.S. dollar.

Schectman says “we’ve crossed the rubicon,” and based on history, the U.S. is headed to default or hyperinflation.

INTERVIEW TIMELINE

0:00 Intro

2:38 The tipping point

10:00 An awakening

16:30 Blackrock

https://youtube.com/watch?v=zG6k9-LTu1g%3Ffeature%3Doembed%26enablejsapi%3D1