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TIMECODES
0:00 Is This the Start of Something Bigger?
0:19 The Actual Citizen’s Bank That Did Fail
1:36 How Banks Actually Work
4:45 An Alternative Option to the Banking System
6:31 What Happens When a Bank Fails
9:37 How to Avoid Losing Money to Bank Failures
11:55 Why Bank Failures are Happening Now
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LEARN MORE ABOUT: Bank Failures
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The Second Wave of Bank Failures has Begun
In the wake of the global financial crisis of 2008, the banking industry has seen its fair share of challenges and struggles. While many banks have managed to weather the storm and recover from the crisis, there are now signs that a second wave of bank failures is beginning to emerge.
According to recent reports, a number of smaller and mid-sized banks have started to show signs of financial distress. This has raised concerns among industry experts and regulators who fear that these banks may not be able to stay afloat in the face of mounting economic pressures.
The reasons behind this second wave of bank failures are varied, but some common factors include economic uncertainty, low interest rates, and high levels of debt. In addition, the rapid pace of technological advancements has also put pressure on traditional banks to innovate and adapt to a changing landscape.
One of the main concerns surrounding the second wave of bank failures is the potential impact on the broader financial system. While the failure of a single bank may not have a significant impact, a string of failures could have a ripple effect, leading to widespread panic and instability.
To address these concerns, regulators are taking a more proactive approach to monitoring and managing the health of banks. They are conducting stress tests and implementing stricter regulations to ensure that banks are able to withstand future economic shocks.
In addition, some experts are calling for greater transparency and accountability within the banking industry. They argue that greater oversight and regulation is necessary to prevent another financial crisis and to protect the interests of consumers.
It’s important to note that not all banks are at risk of failure. Many larger banks have implemented measures to strengthen their balance sheets and improve their risk management practices. However, the overall health of the banking industry remains a concern, and it will require continued vigilance and cooperation between banks, regulators, and policymakers to ensure stability and resilience.
As the second wave of bank failures continues to unfold, it’s clear that the banking industry is facing significant challenges. However, with the right strategies and oversight, it is possible to mitigate the risks and prevent a full-blown crisis. By learning from past mistakes and taking proactive steps to strengthen the financial system, the industry can emerge stronger and more resilient in the face of future challenges.
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Just saw articles in the WSJ and Fox News about the FDIC party culture.
This is so refreshing that these organizations are having their feet held to the fire.
I took my money out 2k wvery few days for the past few years like many others
When the central bank and fed started fractional reserve bankin counterfitting pyramidscams they knew day 1 what the long term inflation would be. Thats why they are waging wars around the world to win time and continue the scam. This terrorist org vould write of all debts in 1 sec if they wantes becouse its fictional. So we get stagflation
I LOVE your explanations, they help me understand so much better, thank you.
I'm a regular viewer.. This one is above average.
The Janet Yellen Negative Reserve System. Utopian Existence
I think that if there (quite) soon comes a bigger correction in the financial markets, then it will be somehow more or less directly because of the situation of the US banks.
Failure for citizens who will have to suffer the inflation. Revolt is here.
Would love to see a video about how to buy T-bills
From the government to the monetary system… it’s just one big Ponzi scheme
if a debt instrument is bought at 100 for a 2% interest and if the interest rates double and become 4%, the adjusted price of that debt instrument is not 50, but somewhere around 97-98.
I wonder how much money the fed will print for all those coming bank failures. The worst part is that the banks did not really lose the money, they just need to hold their bonds to maturity and collect 3% but of course they are too greedy and now they want 8%.
Good luck getting the average normie to understand that YOU CAN'T TRUST ANY INSTITUTIONS!!!!
Great video! Excellent job simplifying the complex (insolvent) banking system. PLEASE add some insight into the FHLBank report and what we may expect to ripple through capital markets.
[It was illegal for banks to lend depositors’ money/funds… And now they are they are simply without the authority to function as a business, since there is no-valid-money-system, and they are not in-joinder with the global postal union and the postmaster general of our world: Russell-Jay: Gould.]
Not sure why you didnt discuss the feds discount window for banks?
ugh. Gold is nowhere near as strong as a dollar preserver as Bitcoin. Its a nice second but its still inflationary, seizable and cant easily be moved if need be.
Debt is an asset
AND we have had a drastic drop in M2.
Do CD’s at a bank get treated as a deposit in a failure? If I had $200k in bank deposits and $200k in CD’s, how would that be treated in a failure?
Also you should never keep more than $500k in any single brokerage other than a mega bank. SIPC insurance covers investments in the case of the brokerage failing up to 500k per account. Kevin Bacon learned this the hard way when Bernie Madoff was caught running his scam.
Fractional reserve banking on your money that's ridiculous you lose they win
Buy from Treasury Direct.
Bond sellers tomorrow what's going to happen?
Best explanation I have heard on why banks holding bonds are in trouble. 03:00
Is credit union safer?
I'm living 6 pack to 6 pack.
Correction: they very well may be solvent. What they are not is “liquid”.
Solvency means your assets are valued higher than your liabilities.
Being liquid means you currently have enough to meet all obligations that COULD come due right now.
Let’s say I’m a bad bank. My $100 million of assets consist of $5 million cash and $95 million tied up in 15 year mortgage bonds.
Now let’s say I’ve financed my assets using $30 million in checking accounts (demand deposits), $60 million in 20-year CDs (time deposits), and $10 million in owner’s equity.
I am solvent because I have positive equity of $10 million. But I am not liquid because if $15 million of checking deposits get withdrawn, I only have $5 million cash to make good on those obligations.
Love the university but still hooked on the u tubes !
Consider that the 3 failures in 2007 were the appetizer, followed by nearly ten times as many failures the following year, which were coming off the back of one of the most prosperous times in human history. In 2023, banks were still reeling from the 2008 collapse and associated liquidity issues which persist today, which is why the 6 were not able to be saved despite representing huge dollar losses – much larger than 2007.
I would actually expect a multiple of 2023's 6 failures to follow in 2024 and an enormous dollar loss that makes this year look like smooth sailing.
"aannnd it's gone."
THANK YOU for actually producing accurate, ethically vetted information! I have been tearing my hair out, fuming over so many willfully ignorant youtubers spreading rampant fear for clicks/views, slinging speculation o things they most certainly do NOT understand. You are a single candle on a dark and windy night, and I love you for it ❤
what if the mutual fund holding the money market fund goes bankrupt? you lose it all.
Lol, the bots make me laugh. All you have to do is look at the thumbs up to know which ones are bots. They outsmarted themselves with too many thumbs up, makes them easy to spot.
Don't forget that IF your bank owns other banks the FDIC will ONLY cover a total of $250k cumulatively!
I know gold is supposed to be a store of value and all that, but if you bought gold in 2013 it would only be worth 50% more than when you bought it. If you bought the S&P 500 in 2013, it would be worth 3x. And once you have them ship that physical gold to you, where do you propose to store it? In a $5000 1200 pound TL-30 safe?
one gold locked me out of my account and then charged me holding fees until the $500.00 i had in the account evaporated.
What if you have more than $250k at the same bank but split between traditional bank accounts and money market accounts all through the same bank?
Man i love you. This is a biblical size storm and youre beginning to see it play out.
The central planners (i love this. Not the elite, but those who plan for us and against us) only want a handful of very large banks for their coming system. Things arent normal.
You didn't comment on Money Market accounts having a bigger risk of being seized for bail out or bail in purposes, than a standard savings acct.
Bix Weir talks about an alternative to the $250,000 per bank. He said you could set up beneficiaries or something like that with each of them getting $250,000 or something like that. Do you know anything about that?
Joe, I love the vids and your presenting style so this isn't a criticism. Talking about banking failures in the context of past financial crisis is great but what we have coming down the tracks is a complete destruction of the existing system whilst they switch to the new one. We have never had this perfect storm of a looming depression AND a switch to a new system before in modern history I think this this deserves a video exploring what this will look like.
All those banks purchased mortgage backed securities. They over-leveraged themselves to the max, and with fewer people buying homes, less money is being made, and rates look like they could stay this way for years.