gold news

 this video is to be filed under two ridiculous to be fiction uh so the CEO of the failed Silicon Valley Bank the svb uh bank failure that just happened is no longer a director at the San Francisco Federal Reserve so when the bank failed he was also a director at the Federal Reserve that is supposed to be regulating this bank that was taking extraordinary risk and uh putting their depositors funds at risk because they didn't have their interest rate exposure hedged uh and so he's basically the regulator of his own bank

it's just unbelievable it is too absurd to uh be fiction now uh this is um so uh uninsured Bank deposits so this is one measurement of how vulnerable a bank is and you've got Silicon Valley Bank here up at the top there are other measurements uh but uh this is only looking at one of them but you can then hear Signature Bank which uh you know was closed both of these are banks that deal in dealt with cryptos and uh the government is I believe actively trying to suppress anything that has to do with

cryptos and scare people away from them but Silicon Valley Bank is not the only bank that had exposure and has deposits at risk uh so you know and here's uh State Street Bank one of the jokes that I had made is there was uh silvergate Silicon Valley and signature so if your bank starts with an s yeah you might want to rethink your your banking strategy but anyway this is a good article to take a look at these Banks down here are probably uh quite stable and nothing to worry about but as I am surprised that uh city is uh ranks

so highly on this so uh anyway uh the point is that it's a race to the final four this is a sports channel is he talking about basketball or the banks the final four Banks and it's been five days since the last banking Panic well it's been a little bit longer than that but uh if you watched my presentation uh on the timing of the 2008 Global financial crisis it was uh some sort of uh Bank crisis and then five months five months and then another bank crisis in six months and another bank crisis in five months and

then a month and then a month and then a week and a day and a week and a week and a week and stuff just started uh September of 2008 was when the uh when things were really falling apart at a fast rate so I want to thank you for watching there is another bank Crisis coming someday so we'll see you in the next video