As interest rates have risen, countless companies in the US are on the brink of failing. The collapse of these “zombie” companies could impact the banking system as they default on their commercial bank loans, says Rafi Farber, founder of The End Game Investor. When the first big company fails, “then you’ll see dominos starting to fall.” It’s important to build community and prepare financially, he says, because tough economic times are ahead.
Rafi Farber on YouTube:
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INTERVIEW TIMELINE:
0:00 Intro
1:43 National debt
10:00 Foreign holders
14:14 Commodity-backed currency
22:20 State laws
27:27 Zombie companies
31:00 Zombie households
33:24 Weathering the storm
46:40 Last thoughts
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LEARN MORE ABOUT: Bank Failures
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In recent times, there has been growing concern about the increased risk of bank failures due to the rise of so-called “zombie” companies. These troubled firms, already at the brink of collapse, are now facing even greater challenges as the COVID-19 pandemic continues to impact economies worldwide. The consequences of their potential defaults could be disastrous for banks, making it crucial for institutions to take preemptive action in order to mitigate these risks.
Zombie companies, also known as “the walking dead,” are businesses that are unable to cover their debt obligations with their current level of earnings. These firms often survive by continuously refinancing their debts, despite having no realistic chance of ever becoming profitable again. In essence, they exist solely due to a surplus of cheap credit in the financial system.
The unprecedented economic fallout caused by the pandemic has severely compromised the financial health of many already vulnerable companies. Government-imposed lockdowns, reduced consumer spending, and disrupted supply chains have all contributed to their deterioration. Despite massive efforts by governments to provide stimulus measures and financial support, these firms are sinking deeper into insolvency, leaving banks exposed to substantial risks.
As these zombie companies continue to struggle, the likelihood of them defaulting on their debt obligations is increasing exponentially. The repercussions of such defaults could have a cascading effect, leading to a wave of failures within the banking sector. It is in this critical period that banks must act decisively to avert financial ruin.
Recognizing the risks associated with these struggling firms, banks must diligently assess their loan portfolios and identify high-risk sectors and companies. It is crucial to conduct rigorous stress tests to accurately gauge the potential impact of a widespread default scenario. By doing so, banks can better prepare themselves for the challenges ahead and determine the necessary steps to mitigate the fallout.
One option available to banks is to proactively engage with these zombie companies and restructure their debt obligations. This approach involves renegotiating loan terms, extending payment deadlines, or reducing interest rates. While a temporary solution, it can give struggling firms a chance to recover, potentially avoiding default and subsequent bank failures.
Additionally, banks must maintain robust capital reserves and liquidity buffers to absorb potential losses resulting from defaulting loans. Adequate capitalization is essential for weathering economic downturns and minimizing the need for government bailouts or intervention.
Regulators also have a role to play in this precarious situation. They must provide guidance and support to banks, emphasizing the importance of stress testing and highlighting potential risks. It is essential for regulators to closely monitor the banking sector for signs of distress, intervening promptly when necessary to prevent a systematic crisis.
Ultimately, the fate of zombie companies and their impact on the banking sector depends on a variety of factors, including the duration and severity of the ongoing pandemic. However, one thing is clear: banks cannot afford to remain idle. The risk of widespread defaults is real, and institutions must take proactive steps to protect themselves and the broader financial system.
While the road ahead may be challenging, the potential consequences of failing to act far outweigh the costs of preemptive measures. The time for banks to address the looming threat of zombie company defaults is now, and those that do will have a better chance of surviving and thriving in a post-pandemic world.
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Another way of saying "to big to fail " is we will guarantee your success . So the rules and laws don't apply some ?
Rafi needs to be dry shaved. I don't see women falling all over him like Elvis Presley.
This little fool is safe where he is.
Today.
My father lived through a currency failure. He said back then, gold was only for the rich making large transactions. The regular currency on the street for buying everyday groceries and other products was silver.
This is one of the best interviews I seen in a long time. Thanks guy!
Rafi is Great!
Whaaaaat???? How can they afford it if they have to issue. Being able to afford it is paying for it honestly. Not print more or issue shit. I can’t believe he said that. This country isn’t rich it’s bankrupt financially morally and corrupt just like Ukraine is.
Social security was started in 1935 the 1st recipient was a lady if I'm not mistaken who paid in it for one week and lived until she was in her nineties
I'm 60 years old and I work 60 to 80 hours a week doing doordash I'm gonna count on social security when I'm 68 or 69 to pay for beer wine and strippers
Apple, Facebook, amazon…. Zombie firms
Thank you guys
Greenspan not credible Nesara/ Gesara Gold back in bound
State governments creating laws to accept AG or AU as currency is an end run on a US failing fiat to collect tax. Unlike the FED, States can’t print currency ad infinititum.
States’ altruism is a falsehood
The last few minutes of the discussion were the best. This is where DK shines as an interviewer, bringing life experience and higher mature perspectives.
Y HASNT DERIVATIVES COLLAPSED EVERYTHING ?????
The good new is that a ridiculously unjust monetary system is falling apart. The bad news are that the new one will not be any better. Why? Because there has never been honest money issuing. It has always been a matter of monopoly. Honest can be just a man, and those imastering the issuing of money are not even men, let alone honest. Those who dream that subjects like China or Russia ara on the line to correct an unjust unipolar system, or introducingba sound money based on gold, will have a very bad surprise when they will wake up and see that the actual monster has been swapped by the CBDC system. Huge storage of gold will be used just in order to avoid any eventual and unprobable honest man, as the old founding fathers, may use it for the good. Those dreamers will see the unravellng of a project at least from the '50s in USA to hand the world over in the hands of the communist beast.
Get rid of the ads…. upgrade your channels quality with the revenue you receive.
Taking social security at age 62 because if I wait until 67 it will be bust. I'll trade the money substitutes I receive for gold as long as that trade lasts.
God made the world. And he made gold and silver to be money. It's in the Bible.
thank you Rafi & Dunagun
Don't you DARE feel sorry for Boomers, who have profited all their lives from Globalization, bombing and killing innocent people, and even children, all around the world for DECADES! Besides, they all buy gold watches to store their wealth, monster boxes of silver, and Krugerrands. I have seen them
My jeweler does more watch repair of gold Rolex than anything else. The people will be fine. People will need each other, and any woman who knows how to knit and crochet or weave will have NO PROBLEM earning money.
What state has a surplus
The problem with miners is if the dollar collapses then all govt will nationalize resources . That’s why they are not 10 x . I think multifarious housing is the best way to generate secondary income . It has its own risk
Sounds like a Zombie Apocalypse coming.
Stay away from gold or silver, buy all the copper you can find instead.
Not seen anyone talk abt the following, but …… a possibility that banks have agreed with each other to NOT charge one another the high interest rates that joe public has to pay? Thus saving them all £$ billions.
If you're not fruitful, do not multiply.
Your right, a trillion in interest which they cant pay, Medicare, SS and other crap
Pray for Israel when they attack Iran
J e w z