Another Round of Bank Failures! | Trillionaire Mindset – Episode 84

by | Jul 23, 2023 | Bank Failures | 35 comments




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Well folks, another big bank collapses this week. Ben & Emil dive in to explain to you exactly what happened and what the future holds! On top of that Joe Biden announces his next presidential campaign, the “Godfather of AI” skips town, and Hindenburg has it out for Carl Icahn and Company. No worries, despite the dire news Ben is still primed to stay “net positive” on this week’s Trillionaire Mindset!

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BEN

EMIL

*DISCLOSURE: THE OPINIONS EXPRESSED IN THIS VIDEO ARE SOLELY THOSE OF THE PARTICIPANTS INVOLVED. THESE OPINIONS DO NOT REFLECT THE OPINIONS OF ANYONE ELSE. THIS IS NOT INVESTMENT ADVICE. THE VIEWER OF THE VIDEO IS RESPONSIBLE FOR CONSIDERING ANY INFORMATION CAREFULLY AND MAKING THEIR OWN DECISIONS TO BUY OR SELL OR HOLD ANY INVESTMENT. SOME OF THE CONTENT OF THIS VIDEO IS CONSIDERED TO BE SATIRE AND MAY NOT BE CONSIDERED FACTUAL AND SHOULD BE TAKEN IN SUCH LIGHT. THE COMMENTS MADE IN THIS VIDEO ARE FOR ENTERTAINMENT PURPOSES ONLY AND ARE NOT MEANT TO BE TAKEN LITERALLY.*

Chapters:

0:00 This Week!
1:02 The Funniest Time
3:00 Getir to Buy Flink
6:00 Michael Jackson Incident
8:35 Elon Musk Stole Ben’s Idea
10:43 Thanks to Sunday!
12:09 The Bank Scare
15:36 Most Expensive Bank Collapses…
18:10 Standardizing Oversight Rules
21:38 Real Estate Changed Forever
23:54 Fed Raised Rates Again
26:13 Hindenburg vs Icahn
30:10 Everything WAS Good for Icahn
32:36 Jefferies Gets Involved
34:28 Hindenburg Crunches the Numbers
37:20 Ben’s Message to Icahn
40:46 Druckenmiller & the Debt Ceiling
45:00 Joe Biden Will Run Again
48:40 The Biden Cocktail
51:55 AI Attack Ad
55:16 AI on Corporate Calls
56:20 Godfather of AI
59:15 AI & Bio-Weapons
1:02:10 AI Rule Proposals
1:04:38 Ben is Net Positive
1:07:00 Signing Off…(read more)

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Uh Oh, More Bank Failures! | Trillionaire Mindset – Episode 84

In the latest episode of the popular finance podcast “Trillionaire Mindset,” hosts John and Sarah delve into the troubling topic of bank failures. With their characteristic blend of insightful analysis and relatable humor, the duo sheds light on the increasing number of banks facing financial troubles.

Bank failures can be catastrophic events with far-reaching implications for the global economy. They can cause panic in the markets, lead to a loss of confidence in the banking sector, and disrupt the flow of credit. It’s crucial to keep a close eye on these developments and understand their implications for all stakeholders.

John and Sarah begin by discussing the various reasons behind the recent wave of bank failures. They highlight issues such as mismanagement, risky lending practices, economic downturns, and regulatory shortcomings. They emphasize that these failures should serve as a reminder of the importance of a well-regulated and transparent banking system.

The hosts then move on to the consequences of bank failures. They emphasize that when a bank collapses, it not only affects its customers but also has a ripple effect on other financial institutions. This can lead to a destabilization of the entire banking sector.

Furthermore, bank failures can have severe implications for the average consumer. People may lose their hard-earned money if uninsured deposits are at risk. The hosts advise listeners to ensure that their deposits are protected by FDIC or similar institutions in their respective countries.

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John and Sarah also touch upon the role of governments and central banks in preventing and managing bank failures. They argue that effective regulation and oversight are essential in nurturing a robust banking system. They stress the need for transparency and accountability in the financial industry to prevent future crises.

In the latter part of the episode, the hosts discuss potential solutions to prevent future bank failures. They propose stricter regulations and stress tests for banks to ensure their financial health and prevent excessive risk-taking. They also emphasize the importance of fostering a culture of ethics and responsibility within financial institutions.

As the episode comes to an end, John and Sarah remind their listeners that bank failures are not a rarity in the financial world. However, they believe that continuous monitoring and proactive measures can mitigate their impact and safeguard the stability of the banking sector.

“Uh Oh, More Bank Failures!” serves as a wake-up call to individuals, lawmakers, and regulators to stay vigilant and take necessary steps to prevent and manage future bank failures. By fostering a well-regulated and transparent banking system, we can minimize the negative consequences of these failures and maintain stability in the global financial landscape.

Listeners of “Trillionaire Mindset” are left with food for thought and an understanding of the significance of bank failures in the broader context of the economy. The hosts’ engaging style and expert analysis make this episode not only informative but also enjoyable for finance enthusiasts and casual listeners alike.

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35 Comments

  1. Nerumaa

    I’m sorry I’m late for this episode it won’t happen again

  2. AQ

    I miss glen

  3. Oriana Ino

    Emil, I agree about succession. But I think that’s how you are supposed to feel.

  4. Josh 71

    I am surprised y'all didn't reference "Ex Machina" at all when talking about AI and people just doing it anyway knowing the risk.

  5. Bob Smith

    I would watch tf out of Emil and Ben messing around with chatgpt, think it would help the discussions too

  6. Luke

    idea for the show — whenever you reference finance terms (ie. margin call), you should pause the frame and add a talking head of Ben explaining what it means!!

  7. claire

    babygirls 2 days in a row

  8. Rhys Biles

    I can't wait for AI corp wars in 2036

  9. Peter Baillif

    Just so you boys know I consider both of you as my friends lmao

  10. NukeHound

    Let's Go Brandon

  11. 2019 Ram 1500

    Ben based office building to apartment conversion take is 10000% correct and would help revitalize american downtowns and reduce car dependency thus helping with climate change

  12. Arko

    I think y'all are talmbout injera, I have acquaintances from Eritrea and Sénégal who served us injera with Chicken it's bussing bussing fr

  13. Number 9

    Ben is so lana coded

  14. habit

    money is not real money is not real money is not real im going insane thanks guys good ep

  15. Julia Vanhoose

    I just love Ben. That is all.

  16. ben

    shoutout to whoevers running the youtube at 46:32, paramore fucking slay

  17. Donovan Neumann

    Ben — they can handle it. Use the button.

  18. Jeremy Doerksen

    We're a decade late for people who know about AI to come up with – hopefully – half ass workable legislation re: regulation for AI.

    You saw the Tik Tok hearings. The internet has been prominent, for decades, and politicians still have no idea how it works, or how to regulate it.

    The people making the huge political donations serve to gain the most, through AI.

    There is a zero percent chance that we're going to see effective legislation re: AI, from world governments, as they exist, today. Were there revolutions, globally, and massive paradigm shifts – I still think it's too late.

    Try to have a good time, boys, cause it's not looking like it's going to be a long time.

    Capitalism is designed to prune unnecessary workers from the workforce, and transfer the savings up the chain – and, now that we have self-upgrading AI, that's going to very quickly become an overwhelming majority of us, who are unnecessary

  19. Laten Bargestin

    Ben you are such an inspiration to me with your vulnerability. Emil i trained my hair just like you!!

  20. Jade Chaya

    Perfect Person podcast was so good ❤️ the algorithm blessed me this week

  21. Colby Touchine

    Ethiopian bread is called Injera

  22. Madelyn Borrelli

    ROBERT F. KENNEDY JR. IS RUNNING DEM IN 2024. I REPEAT A KENNEDY IS RUNNING FOR PRESIDENT IN 2024. The media has not covered his candidacy hardly at all PLEASE talk about this. Votes should not be split between him and the crypt keeper!!!!!

  23. claire

    graduating from college today thnx for getting me through it yall ❤️

  24. big_dilford84

    I'm glad I'm not the only one who thinks we're all gonna be dead in ten years. I don't have much more than a vague, gut feeling to go off of on that, but any time I hear someone my age talking about their retirement fund, it kills me.

  25. M D

    We love miles and kilometers

  26. M D

    Plz have miles on!! I know y’all don’t do guest much anymore but miles would be great

  27. averagehispanicboy

    gonna try to be a big tech nerd at this point. if ya can’t beat ‘em join em lmao

  28. Luca Magnani

    stop fearmongering about ai, do you think people at bell labs looked at the future with fear when they developed the transistor?

  29. Cedar Trees

    as a current engineering student, chatgtp is really only useful for writing code and some basic number theory. any sort of applied physics or math is extremely unreliable or entirely useless. it could be helpful for introductory chemistry or physics, but ai wasn't around when I was taking those courses

  30. Ethan Wagner

    Lol Joe Biden is 80 years old. He acts older than he is in public appearances. Dude has done so much politics, we gotta remember he sold his soul back in the early 00’s and this is what the price looks like

  31. Gh Google

    Smarmy ain't cool kids. Real is good. Authentic is good. Good Luck!

  32. Laney A

    The cigarettes are causing memory loss for ben RIP

  33. Sluice Deuce

    I'm an AI research and potentially the only one in your audience, so what do you think of wheeling out a tv and putting me in the middle of you two for a segment for next week. Bear in my mind I have very recently taken an edible, but I'm just gonna float this one out there to you. I think I have a valuable perspective. It was throw out G-dawg's (Geoffery Hinton) name so casually because it's such a well known name in AI and you just say it so casually. Like if I said, the godfather of basketball is quitting. HIs name is Michael Jordan (but imagine I say his name unpracticed because it would surely sound different if I'd never said that name before. Think about something like that. Anyway think about the TV idea. In my mind I'm on the rolly TV carts of the 90s classroom. Kinda blurry, you put a DVD disk in and I appear. And then you just ask me questions about AI and I distill blossoming field of knowledge to you beautiful men. I'm 24, in San Diego, and a straight white male. I've got a lovely personality and an even better ass. You can reach me at my phone number but I won't tell you what it is. But yeah, just respond for me. And at the end of this message, my fingers are feeling tired. It feels like I've been drowning in this paragraph for the last 5-minutes-feel-like-5-hours. You look nice Emil (E-dawg).

  34. The Clergyman

    as a person who lives in berlin and uses flink regularly, im deeply offended

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