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“The Minority Mindset has nothing to do with the way you look. It’s the mindset of thinking differently than the majority of people” ~Jaspreet Singh AKA The Minority Mindset
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Video host: Jaspreet Singh
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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence….(read more)
LEARN ABOUT: Investing During Inflation
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The world of banking has been experiencing some seismic shifts in the past few years, as traditional big banks struggle to keep up with the fast-paced changes wrought by the digital age. Two recent casualties in this revolution are Silicon Valley Bank and Signature One Bank, both of which have recently failed.
Silicon Valley Bank was founded in 1983 in California as a niche player in the tech industry, specializing in financing start-ups and small businesses. It enjoyed years of success as a savvy, cutting-edge alternative to traditional banks, building its niche into a globally recognized brand.
However, Silicon Valley Bank’s fortunes began to decline in the face of intense competition from fintech companies that could offer faster, more efficient services and competitive financing solutions. As start-ups became more tech-savvy and demand for digital banking solutions grew, Silicon Valley Bank struggled to keep up with the demands of the modern marketplace.
Signature One Bank, on the other hand, was a more traditional, community-based bank that focused on serving a local customer base. Founded in Cleveland, Ohio, in 2000, it emphasized personal relationships with customers and built a strong reputation for excellent service.
However, Signature One Bank’s emphasis on brick-and-mortar branches and personalized service led to its downfall. As more customers turned to online banking solutions, the bank’s traditional model became unsustainable, leading to its eventual failure.
These examples illustrate two different sides of the same problem: as digital banking and fintech companies continue to gain traction, traditional banks are struggling to adapt. Indeed, the COVID-19 pandemic has only accelerated this trend, as customers increasingly rely on digital banking solutions to avoid physical contact.
In addition, traditional banks are grappling with increased regulation and capital requirements, making it harder to compete with more agile fintech players. As a result, more banks are being forced to consolidate or close their doors, with smaller players often the hardest hit.
The collapse of Silicon Valley Bank and Signature One Bank should serve as a warning to other traditional banks that the old ways of doing things may no longer suffice in the new banking landscape. To survive and thrive, banks must be willing to embrace innovation, adapt to changing customer demands and invest in the latest technology. Only then will they be able to compete with the new breed of fintech companies and succeed in the digital age.
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Thanks very much for this. It is the best explanation I have heard of these issues. It really helped me to understand.
Just makes me wonder how much was learned from 2007/08 when the banks started to go bankrupt and then 13 odd years later something similar seems to be happening again.
Why did he bark the word “below” at 5:26. Seems weird
They should have done more dividends. Better to have dependable moderate income. Other things they should work on is getting rid of feminism and all the problems it causes to our country and the world.
Biden Administration is Failed many many Americans Citizens going to Poor this Administration.
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stocck portfolio, what’s the best way to take advantage of this bear market?
Advice at the end is very useful. 27:00
Bernie Madoff rose from the dead.
There is why they are clapping and there is why are they pushing them toward collapse. They are trying to corner us in so they can for CBDCs on us. This is programmable money and is VERY dangerous! Imagine the government programming what you can spend your money on!
Big but lame n corrupt serve them right. aren't they advance n smart at this moment only reflecting how corrupt their system is.
Good excuses for their government to print more money.
So more to come.
Yes yes yea, money yet again is disappearing is code for yet another DC handout for DC insiders – wholesale stealing by those who hate our country.
They didn't crash. The 3 banks that went down were all heavily involved with crypto. Signature and Silvergate were solvent. They weren't going under. SVB had a buyer. It didn't have to go under. The government stepped in and closed them…the biggest crypto banks. Interesting.
On of the top svb executive pulled 3.5 million from stock in the bank 2 weeks before it went under??? Go woke go broke
Having a hard time finding anything about money reserves going to zero. Anyone know why this was done?
Banks failed Dodds Franks was introduced. Trump got elected removed Dodds Franks regulations bank goes bankrupt.
Just found your page you’re speaking, the truth 10 years from now. If you do not panic, they will be new millionaires.
THIS VIDEO IS SOOOOO GOOD JASPREET! Thank you!
:)…
Taking the first step is the hardest, but 7 house later living off passive income since June 6, 2016. You’ve got to start taking steps to achieve your goal.
Plain and simple why this happened. Not enough diversity in their investments. Seems laws were probably broken investing that heavily in crypto. Very irresponsible. Your not going to pass the stress test with that type of investment so how were they able to do it for so long?
Check out the Lakers playoff basketball. Good stuff they score points and whatnot.
Big banks aren’t failing. Small/Medium banks are failing (2 of them).
Number One case of Go Woke Go Broke. Look at the policies of the folks that ran this into the ground.
Idk whether businesses savings are taxed or not its not a good idea to blow what could be savings on advertising just to avoid tax. That seems like bad advice they shouldn't have to be incentivized to hedge for moments like this it's called just being responsible honestly…idk seems like it's time for these banks to fail I mean how many people do they actually employ anyway…they don't trickle down the money they make anyway…of course they should pay taxes on savings don't regular people do that? Smh
Kim Iverson has a great perspective on the unnecessary controlled demolition of small crypto friendly banks to be replaced by guess who? The central banks and their CBDCs and the surveillance state of course. Consolidation of power is the only goal here. Ain’t nothing new under the global banking sun. Right now they are just sending a message of strong disdain to banks and businesses with exposure to crypto. Consolidation by coercion is all this is. Devious.
I think Jerome is a IDIOT he and Joe is running this country into trash!
Hey it still joe fuc .. heads fault HE KEEPS PRINTING MONEY HELLO MC FLY !
Hello friend…thanks for your information and your experience….
Expecting China to bail out dollar, and build confidence is fallatious.
Likely getting proven, what is termed inflatiin, at a time of lockdowns is likely " Paper money devaluation" and you cannot bring it down as rather than a measure of " Rates" it is a measure of ' confidence' in currency, and policies
I’m see this as dominos affect like when pandemic first started. People bought tons of toilet papers. My only issue with govt is the uncontrolled spending.
What are consumers spending their money on?
I read last week, that GM was shutting down factory production temporarily, because dealer inventory was too high.
That means, they are not selling the amount of vehicles they are producing.
Any one that believes the national debt is only $32 Trillion is a fool.
The actual number is at least double that number.
It’s all going to bust.
What I’d like to know, is what to do knowing it is all going to bust.
Look at the worse case scenario and lay it on the line.
5:26 bro why you gotta do that?? Thanks for the info
Elon Musk asked managers at Twitter to nominate their best employees for promotion, then fired the managers and replaced them with their lower paid nominees
The banks are collapsing because they were run by libertarians who bribed politicians to not put regulations in place. Of course once libertarians fuck up they want everyone to cover for their mistakes, as they are basically just feudalists with a lot of pseudointellectual jargon.
Smart idiots designed this system