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LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
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In 2008, the United States faced a financial crisis that required a series of bank bailouts. These bailouts were necessary to prevent the country from slipping into a long-term economic downturn, but what many Americans might not realize is that they ultimately ended up paying for these bailouts themselves.
The government bailouts were made possible through a combination of taxpayer money, federal loans, and guarantees. These bailouts, which cost taxpayers trillions of dollars, were used to prop up the country’s biggest banks and save them from collapse.
Initially, the government attempted to allocate the costs of the bailouts to the banks and other financial institutions that caused the crisis. However, as the situation worsened, the government was forced to resort to more extreme measures, including the use of taxpayers’ funds, to rescue the country’s struggling banks.
While the government’s actions managed to avert a financial disaster of even greater magnitude, the cost of these bailouts was significant. According to some estimates, American taxpayers will end up paying over $7 trillion to cover the costs of the bank bailouts.
The impact of these bailouts is felt at all levels of society. Ordinary Americans were forced to shoulder the burden of these bailouts, as their taxes were used to fund them. This can be felt in the form of higher taxes, lower wages, and reduced social services.
Furthermore, the government’s response to the financial crisis has created a sense of disillusionment and mistrust among many Americans. The idea that their hard-earned money is going to bail out banks and financial institutions that caused the crisis has understandably generated resentment and anger.
In conclusion, the bank bailouts of 2008 have had long-lasting implications for the American economy and society. While they prevented a catastrophic economic collapse, they have also resulted in a significant economic burden for many Americans. It remains to be seen whether the country has learned the necessary lessons from this crisis to prevent a similar situation from arising in the future.
With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making up to 250K within few months and I'd like to know how.
I love Peter but he is wrong about BTC
When is Peter going to be back on Joe Rogan?This time in person
Impossible to pay back, Peter warned for it from early 2005s+
So lets start war with Russia to ruin everything?
Peter: "The economy is literally a house of cards".
DOOD! YOU JUST BLEW MY MIND!
hahahah YOU ALMOST spilled the beans on P2P currencies
but you gotta sell the gold to someone
Middle class is taken for a ride, only for a head on bang with a wall. Well done America.
Yellen gives me the creeps.
Grandma Yellen is full of !
Us taxpayers always pay for dumb shyt.
old yeller is insane.
She has the presence of the "Caring Nana" but Yellen's Mugabenomics will help transfer the rest of the Wealth from the People to the Oligarchy.
The time is right for Peter Schiff to make his debut on CBS Face the Nation.
The planned collapse of the banks is to consolidate the banks to one world bank that is going to force everyone to go to their Government Crypto. This is why they are outlawing all other Crypto to use only government Crypto. The Transgender stuff is just to shut up the critics.
US-UK-EU proxy war on Russian and Shock and Awe economy WAR on Russian economy sanction on Russian gas, oil and materials , goods has resulted in the run away Inflation in the US -EU-UK -west.
If you all in the US-UK-EU, think thing will get better in 2023, 2024 or 2025 — your smoke too much weed and reality means nothing and illusion looks good.
There is strong possibilities that civil unrest is on the cards..
Why are you even on here none of this matters to anybody Banks fail everyday second businesses and you know what there are millions and millions of other things to take their place all money from the bank it's available all the time 365 days per year 1 billion years in a row friends so as I've already told you know your role and shut your mouth says the rock or you will be check into the smackdown Hotel
NOPE WE WILL ABSOLITELY NOT, IF YOU COULD READ YOU WOULD KNOW THAT ALL THE MONEY WILL BE COMIMG FROM TJE BANK FEES TJEMSELVES
Biden is a liar. Where does he think the money is going to come from? Thin air?
Why should my community bank be assessed special fees to bail out wealthy investors (domestic and Chinese), which my bank will then pass on to me in the form of lower interest rates?
Phony bank bust. Obarfma legalized stealing passed in 2010
Not so funny…… they want to tax OUR unrealized cyrpto gains, yet DONT account for unrealized losses of bank assets. What a crock of bologna….
Hitting the nail on the head better than all the rest, Peter.
The people with the spam/scam farms need to stop it. They always start off by saying something relatively benign around how they came out well in some investment…and then the others will pop in, thumb the comment up and then go on to asking about how they did it and how they are so amazed at how well it worked. I am not sure if YT knows how to track this kind of spam/scam, but it is really pissing me off. Hopefully no one falls for their BS.