We are starting to see some bad things happening in the banking sector and the U.S. economy that looks similar to the 2008 Recession. Will history repeat itself? Mo will take you through what happened in 2008 and what’s going on now in 2023 with the current bank crisis. Will there be more issues like Silicon Valley Bank, Signature Bank, First Republic Bank, Credit Suisse, and Deutsche Bank?
#bankcrisis #bankfailures #everythingmoney
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LEARN MORE ABOUT: Bank Failures
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The Collapse of the Financial System Is Coming… Bank Failures Revealed!
In recent years, there has been growing concern about the stability and health of the global financial system. The COVID-19 pandemic has exacerbated these fears, leading to a massive economic downturn that has left many wondering if the financial system is on the verge of collapse. Now, in a shocking revelation, it has been announced that several major banks are on the brink of failure, further adding to the anxiety surrounding the future of the financial system.
The threat of bank failures has long been a concern, but recent reports indicate that the situation is more dire than previously believed. According to experts, a number of large banks are facing significant challenges that could lead to their downfall. This news has sent shockwaves through the financial industry, with many investors and consumers fearing the worst.
The collapse of a major bank would have far-reaching consequences, not only for the financial industry but for the entire economy. It could lead to a significant loss of confidence in the banking system, triggering a wave of panic and uncertainty that would have devastating effects on businesses and individuals alike. It could also lead to widespread job losses and a sharp decline in consumer spending, further exacerbating the economic downturn.
The potential for bank failures has been exacerbated by the current economic conditions, which have put significant strain on banks and financial institutions. The pandemic has led to a sharp increase in loan defaults and financial instability, putting many banks at risk of insolvency. At the same time, the low interest rates and volatile investment markets have eroded the profitability of many banks, further worsening their financial condition.
While the situation may seem dire, there are steps that can be taken to mitigate the risk of a financial collapse. Governments and regulatory bodies can intervene to stabilize the banking sector and provide relief to struggling banks. This could involve providing financial assistance or implementing policies to shore up the financial system and prevent further deterioration.
In addition, the public can take steps to protect themselves from the potential fallout of a financial collapse. This may involve diversifying investments, keeping a close eye on bank solvency, and taking precautions to safeguard personal finances in the event of a bank failure.
Ultimately, the revelation of potential bank failures is a stark reminder of the fragility of the financial system. It is a wake-up call for regulators, investors, and the public at large to take the necessary steps to protect against the looming threat of a financial collapse. The stakes are high, and the time to act is now. The collapse of the financial system is coming, and we must be prepared.
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
The USA is a backward country, it has many problems that were solved in other countries several decades ago. For example, in the USA there is no free higher education and medicine, in the USA the infrastructure is badly worn out, in the USA there are high prices for essential services, in the USA the majority of employees are not socially protected, they can be fired without explanation, the employer has the right without prior notice and consent of employees change their working conditions: work schedule, salary, duration and payment of leave, provision of benefits, etc.
American oligarchs are constantly ripping off the people of the United States at every turn. For example, in Russia, in St. Petersburg, the removal of the appendix costs about 100 times cheaper than in the USA, this is in a fully paid clinic.
The United States has more homeless people per capita than countries like Vietnam, India, Iran, and Kazakhstan.
Over the moment, an oligarchy has developed in the United States, which is one of the forms of autocracy. Scholars Martin Gilens of Princeton and Benjamin Page of Northwestern University conducted a study that showed that the policies of the United States government are in the interests of the rich and their influence groups, and not the wishes of the majority. The scientists note that “the main conclusion that follows from our study is that economic elites and organized groups representing the interests of business have the ability to significantly influence the policies pursued by the US government, while groups formed to protect the interests of the masses, and ordinary citizens have little to no influence.
The real income of the average American has not risen for several decades, despite the fact that GDP per capita has been growing during this time. The oligarchs benefited from this growth, while the Americans got nothing. In 2011, according to PolitiFact and others, the top 400 richest Americans "have more wealth than half of all Americans combined." The US has a high Gini coefficient.
Although the United States is the largest economy in the world, it still does not have free medicine and higher education. More than 20% of American adults have difficulty writing, and some can't even read a newspaper, ABC reported. This was shown by a study of the International Program for the Assessment of Adult Competence (PIAAC) under the auspices of the US Department of Education. According to the study, one in five adults in the US has a very low literacy rate. 43.5 million Americans experience difficulties with writing and reading. And we are talking not only about migrants, but about people who speak English from birth. “The historical and political illiteracy of the population is quite high in North America. This must be fought, taxpayers' money must go to eliminate this illiteracy, and not to enrich the class of oligarchs, ”Mark Tagliano, a US writer and author of several books on geopolitics, told 360.
Also in the United States, only 55% of those who enter universities receive a diploma of higher education, American experts note the Spencer Foundation Emeritus Chairman and former co-chairman of the Commission on Bachelor Education of the American Academy of Arts, economics professor Michael McPherson and head of the program for education and development of competencies of the American Academy of Arts and Sciences PhD Francesca Purcell. However, the average dropout rate is also significant. In Russia, this figure is 21%, at the level of France and Belgium. In Denmark, Korea and Japan it is lower – from 11% to 17%. The average figure among OECD countries is 31%. Against this backdrop, the American dropout rate of 45% is almost a record. McPherson and Purcell explain it by the high cost of higher education in the country and the insufficient quality of teaching.
In the United States, accidents and disasters constantly occur due to the depreciation of infrastructure.
A Guardian analysis of data compiled by the Environmental Protection Agency (EPA) and non-profit groups that monitor U.S. chemical accidents shows that accidental releases of harmful substances – whether train derailments, truck accidents, pipeline ruptures or leaks and spills at industrial enterprises – constantly occur throughout the country. By some estimates, such incidents occur on average every two days.
In the first seven weeks of 2023 alone, the Chemical Disaster Prevention Coalition recorded more than 30 incidents, about one every one and a half days. The coalition recorded 188 incidents last year, up from 177 in 2021. Since the count began in April 2020, the group has counted more than 470 incidents.
The incidents reported by the coalition vary in severity, but each involves the accidental release of chemicals believed to pose a potential threat to human health and the environment.
Railroad accidents have been fairly common in the US over the past two decades. The Bureau of Transportation Statistics recorded 54,539 train derailments between 1990 and 2021, averaging 1,704 per year.
A lot of the comments saying this is different is correct. This time, it is cause by printing of money out of mid-air, which depletes the value of the dollar. Different cause, same effect, the question remains to be seen if as in history with other country's, will it destroy the dollar or will it rebound.
Great video loved watching. It definitely encourage you to make more of these.
These guys are such a joke
Click bait. Click bait
This is incoherent rambling
THIS is far different than 2008… this is every recession printed out of existence catching up.
This will be a full collapse.
The USD will be paper. Banks will consolidate in to a handful and become nationalized. They will flip from the USD to a CBDC.
Invest in dry goods and ammo.
I like how Mo was a young teenager (if that) during the 2008 financial crisis. It’s hard to imagine he has a true sense of 2008. He can cherry-pick all the data he wants, but the crisis back then wasn’t even remotely comparable to now.
Great video, As a new investor, it's important to remember that investing and trading require more than just technical analysis skills. Discipline and emotional maturity play a significant role in achieving success. It's wise to keep in mind the adage of "time in the market vs. timing the market," as this mentality can help you whether market volatility. With insights of Erin Mary and my commitment to learning and growth, I've been increasing my earnings in just a few months. Erin Mary’s consistency in the field has earned her some good reputations not only as a good manager but as an expert whose aim is to put smile on every investor and trader out there finding it difficult to earn.
This time its gonna go down and under for good type of vibe
Lol…. Great stuff guys. Work for Wells at the time. People have no clue what happens and what will happen. Banks went bankrupt 2008. Now it will be whole nations.
This channel has quite literally become all the things it stood against.. you guys are creating so much FUD with these sorts of videos and thumbnails..
Can you please for the love of god go back to facts, data and rationale not this clickbait BS..
Need a BABA video asap
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