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LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Title: More Bank Failures Are Yet To Come: A Glimpse into the Looming Crisis
Introduction:
The global banking industry has long been regarded as a cornerstone of financial stability, playing a vital role in economies worldwide. However, recent events have revealed a troubling reality – more bank failures are anticipated in the near future. COVID-19 has undoubtedly undermined the robustness of banks, exacerbating pre-existing vulnerabilities and accentuating the need for vigilant oversight and systemic reform.
1. Pandemic Impact:
The COVID-19 pandemic has created a perfect storm, significantly impacting the financial system and setting the stage for numerous bank failures. The economic repercussions, imposed lockdowns, and disrupted supply chains led to an unprecedented drop in business activities, rendering countless businesses unable to meet their debt obligations. This, in turn, affects banks as the defaults start piling up, impairing their assets and weakening their financial positions.
2. Unsustainable Debt Burden:
Even before the pandemic, the global economy was laden with excessive debt, poised to become a ticking time bomb. Governments, corporations, and individuals alike were heavily reliant on borrowing, leading to a buildup of unsustainable levels of debt. The pandemic only served to accelerate and amplify this issue, making the situation increasingly fragile. A rising wave of defaults and bankruptcies looms on the horizon, threatening the stability of banking institutions worldwide.
3. Inadequate Risk Management:
A fundamental factor behind bank failures lies in the inadequate risk management practices in place. Many banks, before the pandemic, failed to adequately stress-test their portfolios or consider worst-case scenarios. This lack of foresight has left banks vulnerable, as mounting defaults, bankruptcies, and economic contractions unravel previously unseen risks. Furthermore, low-interest-rate environments and yield-chasing behaviors have pushed banks to take on risky assets, amplifying their potential exposure to severe shocks.
4. Regulatory Challenges:
Regulatory oversight and supervision have also faced significant challenges in adapting to the rapidly shifting landscape ushered in by the pandemic. While there have been commendable efforts to stabilize financial systems, it is crucial to recognize that the long-term sustainability of the banking industry depends on implementing robust and efficient regulatory frameworks. Stricter capital adequacy requirements, improved stress tests, and smoother communication channels between regulators and banks are necessary steps to prevent monumental failures.
5. The Role of Technology:
The rise of fintech and digitization is both a boon and a bane for the banking industry. Technology introduces efficiency, accessibility, and cost savings, but it also presents new risks and vulnerabilities. As hackers and cybercriminals become more sophisticated, the threat of cyberattacks on banking infrastructure poses serious concerns. Banks must remain proactive in fortifying their cybersecurity systems to prevent disastrous breaches, which have the potential to cripple financial institutions and erode public trust.
Conclusion:
The future of the banking industry seems grim, as the consequences of the pandemic persist. Governments, regulators, and financial institutions must work collaboratively to identify weaknesses, mitigate risks, and establish resilient systems that can weather future crises. The path to recovery involves bolstering risk management practices, adopting robust regulatory measures, and prioritizing the digital protection of assets. Only through collective effort can we build a banking sector capable of withstanding the challenges ahead and ensuring the stability of the global economy.
Learn how I make my forecasts here – https://bit.ly/3qzW4ZB
Are you a member of our community yet? – https://bit.ly/3pLyw0O
How can you be so right well in advance but the media can't. Did you see that joker on MSNBC who was advising everyone to buy Silicone Valley stock right before it collapsed?
I think you're smart and that's why I watch your videos, not because I'm scared and look for things to stimulate fear. You would have saved a lot of people a lot of money if they'd been watching you instead even though you're across the pond.
Neil, are premium bonds safe please? My daughter has invested in them, and I'm worried…
Should we start using cash only now ? Do we need money in the bank anyway ?
power in the wrong hands
You ain't seen nothing yet
NATO works for the WEF as does china it's a war against us the people
Wealthy people knows what's going to happen.FDIC can only secure $250,000 from your accounts in millions. Digital currency is imminent ( not bitcoin and similar kind of fake money). When everything is in place the money we have in our accounts will be controlled by the govt. They have control on how much money they give you and it depends on your worth or assets and liabilities. That's why countries are investing on gold increasing their reserves. There will come a time when the money we have outside the banking system or any investments are useless no value at all because of digital currency created by the government.
When is the best time to buy a house in USA? Wait til it collapses completely?
In the words of Mr. Dawes Sr. in the movie Mary Poppins
“While stand the banks of England, England stands. When fall the banks of England, England falls.”
More bailout money to be had.
In the Dark ages , Bankers were imprisoned or executed if they went bankrupt.
Btw , UK inflation is 35% unofficially – source Dr Vernon Cole
Credit suisse… is the after effect of the Hindenburg research who was bent to Adani group off but missed the markets on SVB and other banks.
A lot of doggy short sellers lost their money and the banks money on Adani because it more rhan month to reel some profits. We in India love our conglomerates. Adani daspite loosing 130 billion on the market did not lay off any one staff member or worker, because it has solid businesses.
Sorros who the playbook behind the Hindenburg Research to take down the Nifty and India political system, must have lost a bunch in the credit suisse scam of not accepting Adani bonds.
Imagine Credit Suisse stopped accepting Adani bonds as collateral , then the bank's own stock crashed.
That a slap for all the shortsellers who were involved in trying to take the indian conglomerate and indian economy. We are not fake.
Already 5 banks in the US are having a heavy price beacuse of your Sooros and Hindenburg likr morons.
More to follow..!
No problemo , they'll flatten the curve very soon. Rest assured we've got hard working government professionals that will resolve these issues in a safe and effective manner.
Hi is my pension plan safe or should I move it to gold and cash it in what should I do because this banking stuff is making me uncomfortable can anyone advice????
At least the UK is Honest
WAR MONGER US BIDEN IS DESTROYING THE AMERICAN AND WORLD ECONOMY
WAR MONGER US BIDEN NEVER WANTS TO STOP THE UKRAINE WAR
AS HE GETS BIG KICKBACKS FROM US WEAPON, OIL, AND GAS MANUFACTURERS
WAR MONGER US BIDEN LIKE BLOOD OF INNOCENT UKRAINIANS
WAR MONGER US BIDEN SHOULD STOP FUELING AND ENCOURAGING UKRAINE WAR
HE DOES NOT CARE ABOUT HARD-EARNED AMERICAN TAXPAYER'S MONEY,
HE WANTS TO SIPHON OUT THAT MONEY INTO UKRAINE WAR
WAR MONGER US BIDEN SHOULD STOP SUPPLYING LETHAL WEAPONS TO FUEL UKRAINE WAR
Fox is just as corrupt
We're planning to sign up with Neil's program and it would probably be a better place to ask this … but with all this information about bank failures we're wondering how USAA will fare. For those who don't know, USAA is a members' only savings bank for military, former military and their dependents. USAA has a whole host of other services, and as far as I can tell the only division that has gone woke is their real estate division.
USAA is not a local bank per se. It has no brick and mortar facility for customers. But, even though it has a huge customer base it is never listed among the banking giants. In short, does anybody have an idea of how USAA would fare during this banking, economy and financial crisis?
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I started taking out small sums from my account when the pandemic hit. I now have a a stash of cash at home. Yes, I know its not what you should do, but it's safer with me, hidden from the banks and government. The bailed out banks lost no time in paying our their bonuses and cashing in their stocks. Jamie Dimon is back at the taxpayer trough.
Banks are quite well capitalised. What is happening is unusual withdrawals from smaller banks and transferring to larger banks purely due to panic. This panic is being caused by people like you.
please explain how the banks can go skint, when they can create money out of thin air, the BOE say they dont control banks fractional leverage. thank you, print some Bradbury23….. 10 billion rupee notes, bring back Gordon Brown, give the rest of our gold away
Hi Neil, I’ve been following Gareth Soloway as well as yourself. It’s be great to hear your thoughts on Bitcoin, he believes it’ll fall to around 9-12 thousand before rallying again even though people are viewing it as a safe haven along with gold & silver like you say. Any opinion’s would be appreciated!
The US have said Biden plans to increase spending on the US Budget by 50% I!
Neil,
You’re Spot On About The Guy On FOX Business, But That’s How These Financial People Think.
GREED.☎️
K E E P
U S I N G
C A S H
Neil McCoy-Ward "The Financial Prophet!!!"
In 2017, the credit suisse CEO said "Bitcoin at $7000 is the very definition of a bubble". Since then, credit Suisse has fallen 99% and Bitcoin has gained 300% against the dollar.
Bitcoin is driving a train through the credibility of those in old finance. Most even in the crypto market don't yet understand why Bitcoin is special.