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In recent times, the global economy has been hit by an unprecedented crisis due to various factors, including the COVID-19 pandemic and market volatility. As a result, many countries around the world have been forced to implement massive bank bailouts to stabilize the financial sector and prevent a collapse that could have severe consequences for the entire economy.
Bank bailouts involve the government providing financial support to troubled banks to prevent their failure and protect depositors’ money. These interventions typically involve injecting massive amounts of capital into the banks or assuming some of their troubled assets. While such actions are designed to prevent a financial meltdown, they can have significant ramifications for the economy as a whole and, consequently, impact individual finances.
One of the most immediate concerns for individuals during such times is the stability of their own financial institutions. If a bank is undergoing a bailout or is heavily reliant on government support, there is a risk of instability. In some cases, governments have stepped in and guaranteed deposits in case banks fail, but it is prudent to stay informed about the financial health of your bank and any potential risks involved. Keep an eye on news reports and official announcements regarding government bailouts to gauge the level of risk your bank may be facing.
Another aspect to consider is the broader impact of bank bailouts on the economy. Massive injections of capital into the banking system can lead to inflation and a devaluation of the currency. This may erode the purchasing power of your savings and investments. In such situations, it becomes essential to diversify your financial portfolio by investing in assets like gold, real estate, or even foreign currencies that can serve as a hedge against inflation and currency devaluation.
Moreover, the aftermath of a bank bailout may necessitate governments taking measures to recover the funds injected into the banks. These measures could include higher taxes, reduced government spending, or austerity measures to repay the debt incurred. As an individual, it is crucial to prepare for potentially higher taxes and reduced state support by reviewing your own budget and finding areas where you can cut back on expenses or increase your savings.
During times of financial instability, it is also wise to reconsider your investments. Seek advice from financial advisors or invest in low-risk assets that can weather the storm of economic turbulence. Establish an emergency fund that can provide a buffer should you face unexpected financial hardships.
Finally, it is paramount to stay informed and monitor the evolving situation. Keep an eye on government policies and decisions related to bank bailouts, as they can have far-reaching implications for your finances. By staying well-informed, you can make informed decisions and take appropriate actions to protect your financial well-being.
Huge bank bailouts happening right now are a reminder of the fragility of the global financial system. While they aim to prevent financial disasters, they can have far-reaching effects on individual finances. By staying proactive, diversifying your investments, and carefully evaluating the stability of your financial institution, you can better prepare yourself for any potential fallout and protect your financial future.
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I owe 3 more car payments to my CDC credit union and my car will be paid off. Should I pay it off early to be sure I get my title?
My bank is empty
Credit Suisse bank customers are in talks with lawyers re the T1 BONDS losses.
Sad thing,people pick the wrong person or party for the TOP job !
There goes my free checking account, I'm sure after what I heard about all banks charging fees to there customers to pay those liberal broke banks , thanks a lot
15:30 Exactly! Those responsible for 2008 banking crisis were not held accountable. Instead, they were rewarded and allowed to continue working in the same financial sector. They should have been put in jail and prohibited from holding managerial positions anywhere in the future. Our government officials and oversight agencies failed in their responsibilities to our citizens… and our citizens failed to hold them accountable. We are all being played for fools while they lie and divide us — and it will continue until we are no more.
Its goona be like 2008. The banksters will get bailed out. The people will be fleeced of their homes by the banks. Its theft ether way. No thanks to Biden and his voting base. Admit it. You are all pawns of the Biden and Greta regimes
The nature of fractional reserve banking is that banks are always insolvent. On paper they have long term assets that can meet withdrawals; but since fractional reserve lending creates money and drives up asset prices any large scale selling will collapse asset prices. The banks also have stupid amounts of leverage and will collapse if things move against them even slightly.
Neil, its a bailout…. and not a bail in …why?
Do you think Metro bank And Lloyds Bank will be okay?
Bank bail out, is like a bank behaving badly and getting an IVS, then it probably buys a tesls, has a vidal sasson hair cut and goes for Tea atvthe Ritz, & goes shopping at Harrods.
Meanwhile the rest of us …. yea …
let's see what happens on Monday 20th March?
If you put policies in place to put bankers in jail they would just make new policies for that policy
If they let First Republican go there will be no stopping others going
You know there's something up, when the gold price adds £80 a troy ounce in one week!
Hey Neil, you mentioned banks in AU and NZ also experiencing significant withdrawals – do you have any more specific info, or could you point me towards more info?
"This medium of exchange isn't real money" is the No True Scotsman fallacy. Anyone stuck in this frame of mind ought to read Money and Credit by Ludwig von Mises. Medium of exchange and store of value do not have to be linked — it is just arguably somewhat better if they are (though tying it directly to a commodity tends to have problems on top of the problems from credit, which has existed for thousands of years).
In the first half of this week, the Fed issued a $300B bailout via primary credit facility ($148B), other credit extensions ($143B), and the new bank term funding program ($12B). Source: FRED. These three figures are updated every Wednesday.
The Fed did not create this inflation. The Fed is just fighting this inflation the wrong way to create this banking crisis. This inflation is clearly due to shortage of supply of everything. We have shortage of supply of everything because the pandemic had destroyed all our supply chains. Just think about this. The QE had been going on for decades and the low interest rates had been going on for decades. How come we didn't have any problems in 2019 and before? Why are we having all kinds of problems today? It's because the pandemic has lasted too long destroying everything. The people who had refused to wear a mask and follow the pandemic restrictions and are now doing the finger pointing should be ashamed of themselves.
14:10 FDIC Has an effectively unlimited line of credit to the Treasury if required. Never defaulted since it's 1933 inception. Why would this time be any different?
So basically you are incorrect saying no bail out will come.
It’s like musical chairs-plenty of bailouts and bonuses now but will the fdic run out further down the line when the regional and smaller banks do not get bailed out because of the previous bail outs. It’s called getting the short end of the stick after the can has been kicked down the road. Money doesn’t go to money heaven it goes to the rich.
I thought you said they weren’t going to be bailed out.
They're not bailing out the banks in the true sense. Central banks are swapping high quality bonds for bank reserves at face value via QE (which isn't inflationary) to provide liquidity. If forced to sell in the open market they'd take huge losses and likely fail. The alternative would be to let the banks fail and take each other down and if that happened there would be no economy, food, fuel or other goods and services. We need a long term solution because QE is clearly not the answer and never was.
Thanks Neil
For some of us joining a religious order or converting to puritism seems less of a hassle
STOP BREEDING
Neil, now they are ‘refitting’ 3 banks in central Bristol. Due to reopen Spring and HSBC in August. WHAT are they updating?