In this short clip, Patrick Bet-David, Michael Malice, Adam Sosnick and Tom Ellsworth react to 34 banks being at risk of failure.
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The recent news that 34 more banks are at risk of failure has sent shockwaves throughout the banking industry and left many consumers wondering if their own bank could be the next to collapse. This announcement comes on the heels of a wave of bank failures over the past decade, which have left many Americans feeling uneasy about the safety and security of their savings.
But what does it mean when a bank is at risk of failure, and how can consumers protect themselves from the potential fallout? The term “bank failure” refers to a situation in which a bank is unable to meet its financial obligations, whether that means repaying deposits or paying off loans. When a bank fails, it can be a devastating event for its customers, who may lose access to their money or see their savings wiped out entirely.
So why are so many banks at risk of failure right now? There are a few factors at play. The first is the ongoing economic uncertainty caused by the COVID-19 pandemic. With so many businesses struggling and so many people out of work, it’s harder for banks to lend money and earn interest. This can put pressure on their bottom line and make it harder to remain financially solvent.
Another factor is the low interest rate environment. Interest rates have been at historic lows for years, which means that banks are earning less money on their loans and investments. This can also make it harder for them to stay financially stable, especially if they take on too much risk in order to try to earn higher returns.
So what can consumers do to protect themselves from the risk of bank failure? The first step is to make sure that your bank is insured by the FDIC (Federal Deposit Insurance Corporation), which protects depositors up to $250,000 per account if the bank fails. You should also keep an eye on your account balances and make sure that you’re not keeping more money in the bank than you need to.
Another option is to diversify your savings across multiple banks. By spreading your money out across different institutions, you can reduce your exposure to any one bank’s risk. You can also consider opening an account with an online bank, which may offer higher interest rates and lower fees than traditional brick-and-mortar banks.
Ultimately, nobody knows for sure which banks will fail and when. But by being informed and taking steps to protect your savings, you can minimize the potential damage if the worst does happen.
i have the solution!! print more and more money baby
you should be get out you money
Currupt politicians have allowed currupt business owners to put greed and crime first. More banks Will Fail. Zion bank is next td in trouble ewbc these will fail. Biden in chargevof largest stock collapse in history
First time to this show…the amount of spam bits in the comments is a big turn off. Not subscribing and won’t be back.
All these so called investors panicking is making for good buying opportunities. You making your money in a down market. With being down below 5% cash I have to be really selective.
Russia must use nuclear weapons to end America, erase this Devil from the globe.,,,,,if you can't hand over nuke weapons to me,,,,,as i will
Citizens had a "computer glitch" and people's accounts were charged twice for everything about two months ago.
Is it a hangover from the GFC? A lack of scrutiny/reform on the misbehavior of those financial institutions?
Just waiting for the FED and the US Government to implode all small banks; and introducing CBDC’s. The USA is going for a full blown totalitarian tecnocracy; just like communist China. CBDC’s, Digital Passports, Social Credit System, Vax Passports. Mindblowing how many Americans are ignorant for this agenda. There’s a totalitarian government coup; and most Americans are looking the other way!
You'd think we'd learn from our mistakes..
XRP > BITCOIN
I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
Buy gold and silver
We can thank the US Congress for where we are at currently with banking, they allowed removing those bills that were put in place to protect us from things like this.. if more fail, you can guarantee another bailout will happen without any wording that they will have ot pay back with high interest, and exec's ,shareholders, CEOs CANNOT get any bonus or raise with that money.
Powell and Yellen
just gave banks another lifeline. One more year of QE and caused treasury rates to drop between 75-80 basis
points. This will reduce the number of deposits leaving regional banks, with less going to the treasury and just increased the lending profits for banks
by widening credit spreads by 75-80 points. This is of course temporarily necessary as the FED implements its USDC.
It’s according to plan.. tontooos
Well not only the banks will fall in the US..its everything ..
The great babylon is now fallen down .
Don't worry they will keep printing money to bail them out