gold news

 this only goes up to uh you know 600 billion so this is 530 billion dollars of bank failures so far uh in in This Global financial crisis that they would that we are currently in probably the worst financial crisis in all of history that's how it's going to end up playing out I believe at goldsilver.com we have a price match guarantee free shipping and global storage options learn more about how to invest in Precious Metals at goldsilver.com hi everyone the financial crisis is not over with and I'm going to

show you why uh so Dan if you can bring up my screen now um real Vision uh had just posted this uh current bank failures have exceeded 2008 adjusted for inflation I'm going to come back to this chart later because it's very very important uh this is an older article from March 20th but the banking crisis might not be over this was a very uh Lucid uh article that that brings up some very good topics and and a reason to still be wary about the finance Global this is a global financial crisis and it's just starting

but credit Swiss is near failure is stoking uncertainty about whether the banking crisis can be contained uh by the way in in the banking crisis I did I took a look at the Timeline but I think I already covered this in another report that the uh CEO of Silicon Valley Bank was also simultaneously uh a director at the San Francisco Federal Reserve So within like a week of each other this guy lost two very highly paid jobs uh all at once uh for uh you know his failure to uh guide Silicon Valley Bank

successfully uh and watch things yet he was also on the board of directors of the San Francisco Federal Reserve uh and it just shows you when I the more I learn about all of this the more I know that Janet Yellen Powell These Guys these men and women do not know what they're doing they they lack an understanding of fundamental economics a timeline of how the banking crisis unfolded now I'm going to take you to my own timeline this is a um from a presentation that I did in March mid-march right after Silicon Valley

Bank and this shows or maybe it was just before uh I can't remember but it shows the unrealized gains and losses in on investment Securities in the banking system so uh this is the 2008 Global financial crisis so it reached uh basically minus 79 75 billion uh and then you see just like a top that's spinning just fine and then it starts to wobble and then the wobbles get bigger this is the wobbles getting bigger here and uh I discovered this about a month or two uh before the uh Silicon Valley

bank failure um and I presented this in my wealthyon presentation which was made before the bank the Silicon Valley bank failure and I believe then uh the it was presented just after after the Silicon Valley bank failure came in the middle but the day after uh or the Monday after Silicon Valley Bank was seized on a Friday the Monday after there was a report from some economists uh on the banking sector and the systems market value of assets is two trillion dollars lower than suggested by their Book value

if you marked them to Market they've the bank assets have declined by an average of 10 percent across all banks and 10 percent of banks have larger unrecognized losses than those at Silicon Valley Bank with 10 percent of banks having lower capitalization than Silicon Valley bank and then I went on to show you how the 2008 Global financial crisis played out April of 2007 New Century Financial uh went bankrupt uh September Bank runs in England March bear Stearns July Indie Mac and Countrywide September 7th Fannie Mae and

Freddie Mac were nationalized then September 15th Lehman Brothers failed uh September 16th AIG gets bailed out September 25th Washington Mutual this is the largest bank failure in history except it's not technically it is but there was another bank failure that was Far Far larger but we're going to get to that in a minute uh October uh the feds tarp commits 700 billion in taxpayer funds Citigroup bailout in November December General Motors and Chrysler get billed out January Bank of America gets

bailed out February President Obama approves 787 billion in stimulus and June of 2009 General Motors files for bankruptcy now the important thing here is the speed of how this played out there was five months six months four months two months between these crises eight days one day eleven days one month one month one month one month one month and four months so you can see it started off slow and then it all started happening at once uh now uh I'm going to take you to how it's happening uh this time around

uh March 8 2023 silvergate Capital they voluntarily closed but basically they had reached insolvency and decided to unwind so silvergate then marked two days later March 10th Silicon Valley Bank seized by the FDIC uh then two days later Signature Bank seized by regulators and uh one day after that FDIC creates Bridge bank in the pre and the president declares the deposits are safe and a few days after that credits Credit Suisse is sold to UBS in a shotgun wedding they would have failed they were within a day of failing when

this happened and it was all arranged with Swiss government guarantees that is the reason that this marriage took place and credit Swiss which had assets of 1.75 trillion if they had failed this was a globally systemic uh you know critical bank that would have taken down the world monetary system and then May 1st First Republic is taken over by JP Morgan but we have two days two days three days seven days two months uh is the timeline so far and I've left all of this I'll update you periodically I've

left all of this space on the bottom there uh to be filled in in the future because it will be uh now to get to the bank failures in each year adjusted for inflation this is that uh chart that was uh put up by real vision and um you see that there's Washington Mutual the largest bank failure in history Lehman Brothers was not a bank that was bigger much bigger than Washington Mutual but this is the largest bank failure in history uh and then you've got these 24 other Banks so you have the

second largest at the time and third largest Zone and then the next year and the next year and the next year so when this turns uh uh dark here that's because there's so many happening that are small Banks and they're so close together that it it's you know there is no blue area in the middle so this is a lot of banks failing this is what's happened so far is the second uh largest bank failure in history the third largest bank failure in history and then if this only goes up to uh you know 600

billion so this is 530 billion dollars of bank failures so far uh in in This Global financial crisis that they would that we are currently in probably the worst financial crisis in all of history that's how it's going to end up playing out I believe you know know I just spent several years studying the financial system and what is wrong with it and I became so scared in uh like you know September October I was just rushing and rushing and rushing to try and get this book out because I absolutely knew that

there was a banking credit Crisis coming I knew it was going to come soon and so I wanted to get this out by October the book was done at the end of October it took uh November and December just to set up to get it printed there was supply chain disruptions we couldn't get paper we couldn't get cardboard I ordered way too many of these books because of that took uh all of December and January to open up uh our the actually November December January just to open up the amazon store and get

these things uh written and then the book became the best-selling book on precious metals in February and then and Amazon Shadow banned Us by changing the book from a book to they listed it as a video game and just today I finally got it got them to change it back to a book I have been battling on this every day for the last two months and it has delayed the uh ebook the Kindle version and other ebook formats and the uh audiobook I've spent two weeks in recording studios doing the audiobook

and so those are coming I promise but first I had to get this turned back into a book instead of a video game because it absolutely crippled my sales so uh that is the big story on the current Global financial crisis and it is global uh because of credit Swiss this is global and uh this is just the beginning of it we have yet to see any of these small bank failures like and this is where that like if you look at last week's video you'll I talk about how the Federal Reserve has uh aided all of the

big Banks the biggest banks in the world to gobble up all of the small Banks and get all of their depositors on their books and this is what is uh happening right now and we have yet to see these periods like uh in in 2009 with all these small Banks failing and larger Banks taking over their depositors I want to thank you for watching we'll see you in the next video