Ep. 2005 ANOTHER Bank Collapse is IMMINENT!!

Published: Sept. 30, 2023, 1:37 a.m.

We have a huge update on the collapsing Biden economy, our resident Bidenomics and Stock Market analyst Ross joins me once again for this quick and important broadcast. All signs are pointing south for a big-name American Bank, and it doesn\u2019t look good.\xa0

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Highlights:\xa0

  • \u201cUnemployment just made a new high. I think it\u2019s at 3.8%. And that\u2019s what the Fed wants. They want to hurt the economy just enough to bring inflation down without wrecking the whole thing. And that\u2019s a very delicate balance.\u201d - Ross Givens
  • \u201cSilicon Valley and First Republic were likely just the first of many banks that will fail. And I think we are going to have another banking crisis like what we saw back in 2008.\u201d - Ross Givens
  • \u201cYour deposits are secured by the full faith and credit of the United States treasury. But I wouldn\u2019t buy stock in any of these banks today. Some are fine, some aren\u2019t. Which ones are the good ones? I don\u2019t know. But I\u2019m not in the business of playing Russian Roulette with my life savings.\u201d - Ross Givens

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Timestamps:

[03:18] Are the Feds done or will they hike one more time

[05:482] The big problems with our banks that the media is keeping quiet; the bad news for Charles Schwab

[10:58] Are J.P. Morgan or Bank of America will have the same problem as Schwab

[12:56] How you can keep up and be prepared for what might happen in our banking system


Resources:\xa0

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