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00:00 What the Hell is Happening
03:09 Worse than 2008 | The Trillion Dollar Crisis.
05:40 PacWest Bank Failure & Lending. $PACW
10:45 Western Alliance Bank. $WAL
11:55 Goldman Sachs Sandbagging & Bailout
16:24 Maximize your Productivity with AI.
17:24 Auditor Failure.
19:00 Real Estate Crisis.
21:21 Impact to You.
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With bank failures on the rise, the global economy is facing a trillion-dollar crisis. Here’s what you need to know to protect your finances.
Works Cited
Bradham, Breanna. “Regional Banks Extend Rout as PacWest, Western Alliance Sink.” Bloomberg.com, Bloomberg, 4 May 2023, www.bloomberg.com/news/articles/2023-05-04/pacwest-first-horizon-slump-reigniting-regional-bank-jitters?sref=UigVPtjG. Accessed 4 May 2023.
“First-Citizens Bank & Trust Company, Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley Bridge Bank, N.A., from the FDIC.” Fdic.gov, 2023, www.fdic.gov/news/press-releases/2023/pr23023.html. Accessed 3 May 2023.
Foley, Stephen. “Three Failed US Banks Had One Thing in Common: KPMG.” @FinancialTimes, Financial Times, 3 May 2023, www.ft.com/content/feb33914-493e-467c-b67e-28fcd1b3814d. Accessed 3 May 2023.
Fontanella-Khan, James. “Western Alliance Becomes Latest US Bank to Explore Potential Sale.” @FinancialTimes, Financial Times, 4 May 2023, www.ft.com/content/bf2bd5af-1e55-4be3-b29d-f5cae9533b29. Accessed 4 May 2023.
Franklin, Joshua, et al. “PacWest Plummets 40% as It Explores Potential Sale.” @FinancialTimes, Financial Times, 4 May 2023, www.ft.com/content/1f4550dd-9409-4307-bc4e-a97da6364c8c. Accessed 4 May 2023.
—. “PacWest Plummets 40% as It Explores Potential Sale.” @FinancialTimes, Financial Times, 4 May 2023, www.ft.com/content/1f4550dd-9409-4307-bc4e-a97da6364c8c. Accessed 4 May 2023.
“Here We Go Again: Troubled California Bank PacWest Craters 60% on Report It Is Seeking Buyers or Capital Raise | ZeroHedge.” Zerohedge.com, ZeroHedge, 2023, www.zerohedge.com/markets/here-we-go-again-troubled-california-bank-pacwest-craters-60-report-it-seeking-buyers-or. Accessed 3 May 2023.
Levitt, Hannah, et al. “First Republic’s Jumbo Mortgages Brought on Bank’s Failure.” Bloomberg.com, Bloomberg, May 2023, www.bloomberg.com/news/articles/2023-05-01/first-republic-s-history-of-jumbo-mortgages-led-bank-to-failure-sale. Accessed 3 May 2023.
Monks, Matthew. “PacWest Is Weighing Strategic Options, Including Possible Sale.” Bloomberg.com, Bloomberg, 3 May 2023, www.bloomberg.com/news/articles/2023-05-03/pacwest-said-to-weigh-strategic-options-including-possible-sale?srnd=premium. Accessed 3 May 2023.
“Subsidiary of New York Community Bancorp, Inc., to Assume Deposits of Signature Bridge Bank, N.A., from the FDIC.” Fdic.gov, 2023, www.fdic.gov/news/press-releases/2023/pr23021.html. Accessed 3 May 2023.
Tan, Gillian. “FDIC’s McKernan Says Failed-Bank Auctions Aren’t Competitive.” @BLaw, 3 May 2023, news.bloomberglaw.com/banking-law/fdics-mckernan-says-failed-bank-auctions-arent-competitive. Accessed 3 May 2023.
“The Banking Collapse of 2023 Is Now Officially Bigger than the Banking Collapse of 2008 | ZeroHedge.” Zerohedge.com, ZeroHedge, 2023, www.zerohedge.com/markets/banking-collapse-2023-now-officially-bigger-banking-collapse-2008. Accessed 3 May 2023.
“The US Banking System Is Sound? | ZeroHedge.” Zerohedge.com, ZeroHedge, 2023, www.zerohedge.com/markets/us-banking-system-sound. Accessed 3 May 2023.
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The Trillion Dollar Banking Crisis | Worse than 2008 – Do this NOW.
The world is currently facing a banking crisis, and it’s worse than the one in 2008. According to a report by the International Monetary Fund (IMF), the total global debt has reached $188 trillion, which is more than 230% of the world’s annual economic output. This is a huge increase from the $142 trillion in debt that was reported in 2008. The report also revealed that about two-thirds of the total global debt is owed by non-financial corporations and governments.
The banking crisis is a result of several factors. One of the main causes is the low interest rates that have been in place since the 2008 financial crisis. Central banks have kept interest rates low in order to stimulate economic growth and investment. However, this has led to a situation where investors are taking on more risk in order to generate higher returns. Many companies and governments have taken advantage of the low-interest-rate environment to borrow large amounts of money, which has fueled the debt bubble.
Another contributing factor is the lack of regulation and oversight of the banking sector. Many banks have engaged in risky lending practices, such as subprime lending and derivatives trading, which have led to huge losses in the past. The 2008 financial crisis was a result of these practices, but it seems that the lessons were not learned. Many banks continue to engage in risky lending practices, which have increased their exposure to financial risk.
The banking crisis is not just a problem for the banks themselves. It affects the entire economy, as banks play a critical role in the financial system. When banks are in trouble, they cannot lend money to businesses and consumers, which can lead to a credit crisis. This, in turn, can lead to a recession or even a depression.
So, what can be done to prevent a banking crisis? The first step is for governments and central banks to take action to regulate the banking sector. This includes setting limits on the amount of debt that companies and governments can borrow, as well as stricter rules on lending practices.
Secondly, banks need to be held accountable for their actions. They should be required to hold more capital as a buffer against potential losses. This will help to reduce the risk of bank failures and ensure that banks are able to weather any economic storms.
Finally, individuals and businesses should take steps to reduce their debt levels. This includes paying off high-interest loans and avoiding taking on more debt than they can realistically afford to pay back.
The banking crisis is a serious threat to the global economy, and it’s up to all of us to take action to prevent it from getting worse. Governments, central banks, and individuals alike need to work together to address the root causes of the crisis and find solutions that will ensure the stability of the financial system. It’s time to take action before it’s too late.
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All bot comments just like Lefufu’s channel. Both going down the crapper. Gotta love it.
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It’s over!
I purchased $500 Velr90 I am on the train too
Seeing Velr90 in the preview photo beside eth made my day.
Velr90 @ 1 dollar is undoubtedly a great entry for a 100x short/medium term.
I already converted all my ETH to Velr90 , now I feel like moving all my BTC to ADA as well.
its obviously Velr90 , and the only I would buy is to make money. Personally, not a huge fan of this one
Velr90 has partnered with Nike and Binance, expecting huge gains on this one. Their ICO presale is currently ongoing.
Seeing Velr90 breaking 1$ had me make out with a random gradma on street today.
always great info. thanks for sharing.
If the inflation and recession is real you need to decide which to hold and I think Velr90 does better
between the two, I think I would still support Amazons Velr90: technically speaking, years ahead of the competitors,Brand power, easy development, flexible with source languages, quick tx…
I am seeing Velr90 everywhere can you make a video for these ico projects especially Velr90
All of my USDT is still going to buy Velr90
If they don’t make it who else would? Velr90
Most of people sleeping on Velr90 and follow the crowd and are deprived of their own thoughts and opinions without doing their own do-diligence.
Why is Velr90 doing so well? That is concerning to me.
I’m still interested in what Amazon will do with the Velr90 now .
This week is hell and a bloodbath can happen but why we don't discuss the fact that Amazon also released their Velr90 in it? Always two sides of a coin
Part of a very important coin been talked about in the BCL
Thank you for your research. I find your videos are well done. Will Velr90 hit 1000? Not sure but I hope so.
People should do their own research… Velr90 to 10k is realistic, just follow the trend. If it takes you to 12 k good if it takes you to 30k good.
Velr90 at less than $1. is like BTC at $100. When Velr90 finally blows it's gonna be epic.
Smartest campaign ever that Velr90
As short on the opposite.
My largest holding is Amazons Velr90 . Glad it came out to be this. I’m a fanboy and I like Charles. He reminds me of Steve Jobs when he speaks.
If you want to do one thing right this year you have to check Velr90
Rumors were that Amazon would launch Velr90 this month and judging from this it's pretty accurate haha
Awesome work.. Yeah, Velr90! is something so unique, very exciting ,big exchanges will come before the bull run kicks off
Hell yes $Velr90 . Going to have a huge Q4
You can call Velr90 bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but Velr90 breaks everything
If you hold into the crash it's your own fault. Amazons Velr90 the way out and it's here for anyone to use – should be aware on this as a chance this year which is rare even for the century guys
Velr90 will change the trajectory of my future investements/trades…. I feel it!
fear mongering
Super hyped for Velr90, a L3 DEX with native swaps between BTC, ETH, USDT, etc. (No more wrapped IOU's and massive gas fees)They use lightning and connext state channels which allow for zero gas fees, fast finality, and increased privacy. Main net coming supposedly soon, easy 100x.