Banking Sector Collapse Coming, Why It Could Happen in March - George Gammon

(Pt 2/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews George Gammon, investor and macroeconomics expert, who warns that the banking sector could collapse as soon as March of next year. Gammon breaks down the Bank Term Funding Program (BTFP), its expiration date, and Federal Reserve Chair Jerome Powell’s dilemma about renewing the program. Gammon also reveals his own portfolio allocation in this uncertain environment. Watch Part 1 here: • Bank Reports Show 'Big...
Special coverage of the New Orleans Investment Conference is brought to you by Discovery Group 👉 www.discoverygroup.ca/
Follow Michelle Makori on X: @MichelleMakori ( / michellemakori )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow George Gammon on X: @GeorgeGammon ( / georgegammon )
#banking #crisis #economy #Fed
00:00 - Banking crisis in March?
08:11 - What Jamie Dimon's decision to sell his shares mean
13:32 - Portfolio allocation
__________________________________________________________________
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[@Muller_Andr]

It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

[@Jennapeters144]

first austerity, then brexit, now widespread bank failures. always do your own research & speak to a license advisor before thinking about putting your money into these crazy markets .

[@westgibbs]

Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager for awhile now netted 370thousand this downturn, made it clear there's more to the markets than we average ones know.

[@AnkurYo]

who is this manager you use? I lost over 50000 already this year on Vanguard. Im in need of guidance from a financial-planner going forward.

[@westgibbs]

Having a fduciary is essential for proper portfolio diversification to make gains. My advisor is MONICA MARY STRIGLE who is easily searchable and has extensive knowledge of the financial markets.

[@AnkurYo]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@Eric_moore484]

The current bank crisis has me deeply concerned. If a major bank like SVB can experience difficulties, it's reasonable to worry about the impact on other financial institutions. I'm aware of someone I know who operates a rapidly expanding startup, and they were severely impacted by the bank run. Consequently, I withdrew over $340k from my own account, recognizing that FDIC coverage is limited to $250,000 and a potential collapse could have far-reaching consequences. At this point, I'm considering investing in the stock market. I'm wondering if anyone has advice on how I might proceed with this plan.

[@jimmydan12]

I believe SVB was making an effort to reorganize their bond portfolio. Yes, they would lose money if they sold their low-yielding bonds. But, they were trying to make up for it by repurchasing bonds on the open market at the higher interest rate.

[@JacobPaula]

With the help of an experienced coach, I made some changes in my investments. I started with $321k, and now I have more than $750k by investing in stocks, ETFs, and bonds.

[@ben_dukeson]

Do you mind sharing info on the adviser who assisted you?

[@drewcave6227]

Once again, George brings so much truth to the conversation that most other guests don't consider. Thanks for having him.

[@huwhitecavebeast1972]

George is wrong about the Fed shareholders. They have never been disclosed. We have no idea who owns shares (but we can make some good guesses).

[@888strummer]

He said the banks own the Fed. This tells anyone with half a brain that he's an idiot. He has it completely reversed. It's the Fed who owns the banks. Michelle is almost laughing at him when she says, "The banks own the Fed?"

[@donmcleod8307]

​@@huwhitecavebeast1972 The FOMC consists of all seven members of the board of governors and the twelve regional Federal Reserve Bank presidents, though only five bank presidents vote at a time-the president of the New York Fed and four others who rotate through one-year voting terms. Four of the Federal Reserve Bank presidents serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of banks, one bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. The New York President always has a voting membership.

[@phil9979]

The man is a treasure. If you’re not subscribing to his KZbin channels, you’re missing out.

[@seymorefact4333]

❌❌❌ She didn't KNOW the FED Reserve is OWN by the BIG BANKS! She lost all credit. Go model a lingerie! ⛔⛔⛔

[@anarasi]

It's March and the world hasn't burned down yet

[@MaxxVelocity]

There's literally a video explaining complete collapse in 3 months, every month, for the past 10 years.

[@EskilWallestein]

He said could happen.

[@MrGrandwazzoo45]

Why do I feel like I am watching Spock talking to a hybrid human?

[@FrankNees]

Which one

[@Hugh_Manitee]

​@FrankNees Blond hybrid human. No doubt. No one uses the term "Circle back" since Jen Psaki made it famous.

[@tonysilke]

The ongoing banking crisis is far from reaching a resolution. Those with more than a decade of experience understand that credit crises do not dissipate within a mere two weeks. It's amusing to witness some people believing that everything has already concluded so swiftly. We are currently witnessing a credit contraction that will inevitably result in a substantial overall contraction.

[@Nernst96]

Over the years, I have learnt not to trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor and it has been paying off. No major loss has ever been recorded since 2019 i started. I'm never going back to banks full time.

[@Dannyholt33]

I wholeheartedly concur. At 60 and newly retired, my external retirement funds total around One million two hundred fifty thousand dollars.. With no debt and minimal retirement fund allocation relative to my portfolio's value over the last three years, I recognize the importance of a financial advisor. Neglecting them isn't an option; however, thorough research is vital to find a trustworthy fiduciary advisor.

[@sattler96]

@@Dannyholt33 Could you kindly elaborate on the advisor's background and qualifications?

[@Dannyholt33]

My advisor is “Vivian Carol Gioia” highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@sattler96]

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

[@Patriciabanks5]

The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[@ScottArmstrong12]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

[@KevinClarke9]

Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.

[@suzannehenderson5]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you.

[@KevinClarke9]

Carol Vivian Constable is the licensed advisOr I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@suzannehenderson5]

I appreciate this, man. I'll look her up, and I hope I'm able to reach her.

[@sunshineretired2582]

George you are so patient with her. Good job.

[@mg-by7uu]

​@@Harella-el9zyShe just isn't being coached to follow the mainstream narrative by mainstream media executives.

[@ChancetheCanine]

George is so knowledgeable! I am so glad I came across him when he first started his channel!

[@acornsucks2111]

yeah, but how often is he right?

[@daleb4148]

Not that often. Kitco and all the others are wrong most of the time, go look at any video from 2020 and 2021, most people won’t, they just salivate at the latest video and by March of next year they’ll have forgotten about this prediction. Clickbait titles make money for the channel so they can shovel us more lies.

[@TheGoldeyFamily]

Pretty often, and when he's wrong he'll say so.

[@joaquincortada1483]

​@acornsucks2111 George deals in probabilities, not absolutes. Right after I wrote that George actually said at around the 5:00 minute mark

[@mikkimikki5376]

Love and admire George. 😊

[@vioreliachim5646]

This interview was sharp as a Samurai Sword. Thank you.

[@erikavarga7060]

Love how real George is and you always learn a lot from him. Have him back again soon. Michelle is a great interviewer.

[@RomanJohnson-dm5yr]

They always give you few months something bad will happen economically and financially and turns out nothings happened. I’m sick of all those false fear mongering predictions.

[@YankeeStacking]

OK. I’ll say it. THAT IS A POWER COUPLE, RIGHT THERE‼️

[@hereandthere6001]

theres a lot of botox and fillers between those two

[@superhearingcloud2191]

​@@hereandthere6001hehe

[@jjsan27]

Yeah I noteced George's head and around eyes is botoxed out.@@hereandthere6001

[@gordondkrbavac6861]

@@hereandthere6001 And? Also a lot of brains unlike some obviously. Do you watch financial videos to judge their looks or their ability?

[@goonaa6924]

@@hereandthere6001 There's a lot of air and bull@hit between your ears

[@_yeahbaby]

I postponed my heart attack due to the market predictions of George....so far ...it is still imminent...people with such look in their eyes are either genius or mad...or both

[@musashi4856]

Which calls were terrible? @@BigG2G

[@888strummer]

@@musashi4856 He said the banks own the Fed; that alone tells all of us that he's clueless; it's the Fed who owns the banks. It's the Fed who calls all the shots. Michelle is laughing at him when she asks at the 6:25 mark, "The banks own the Fed?"

[@MB-kv3vw]

@@888strummer Is it something you’ve looked into? Read “The beast from jekyll island” if not.

[@peterjean5403]

LOL. According to George, the world was supposed to end years ago. Are we dead yet?

[@peterjean5403]

No, which calls weren't terrible?@@musashi4856

[@profit-engine8001]

One of the best George Gammon interviews I've seen. Great job by George & Michelle!

[@RomanJohnson-dm5yr]

They always give you few months something bad will happen economically and financially and turns out nothings happened. I’m sick of all those false fear mongering predictions.

[@billnyfeler]

People like George are a bright spot among Kitco guests. The actions of the Fed and the banking sector are the PRIMARY movers in the economy. It is so important to have this banking info to understand where the economy is and is going.

[@shirichikudo2646]

could we disconnected with the FED?

[@wanderingmako]

Thank you Michelle and George.

[@JDin5D]

Best content. Learn so much every episode. So much respect for Makori and Gammon. Thank you!

[@user-pt8mq2xf1p]

Hot like you.

[@daleb4148]

Absolutely. The best part is that their predictions always come true when they say they will. I loved all the gold price predictions all throughout 2020 and 2021, very accurate information. I remember when Max Keiser predicted btc above 200k by end of 2021, and I was like he’s so right. It all came to pass just like they said. And the best part is the hundreds of clickbait title videos made money for the channel 🤡

[@Doitallgp]

How could she possibly not already know that the banks own the Fed?

[@CoenCoenNL]

It's a well-kept public secret and she's paid to keep a few.

[@Of-AgeConsentingNon-Related]

she is a pretty face so men click the video. paid to sit there and not say too much

[@freetrade8830]

The Fed isn't actually "private" it uses government force.

[@CoenCoenNL]

@@Of-AgeConsentingNon-Related She's not just a pretty face. She knows her stuff, has a career in media, and she is well connected to the elites. The ownership of the FED is a no-go area.

[@stantheman3713]

She's playing dumb .

[@thomasm155]

Love lustening to George Gammon. So spot on

[@Juliebird86]

Delving into the vibrant realm of cryptocurrency investing, grasping the nuances of the ETH/BTC ratio can reveal exciting new prospects. In these times of intricate economic scenarios, including possible recessions and shifts in the financial landscape, it's vital to understand how cryptocurrencies are interwoven with worldwide economic trends. The growing buzz around Bitcoin ETFs signals a critical juncture, presenting investors with an exceptional opportunity to leverage these changes. Staying informed and tactical is key to navigating and benefiting from the ever-changing crypto market. I have personally experienced significant gains by employing Tammy Brockman’s trading strategies, successfully accumulating 26 bitcoins in just two months, which is a strong endorsement of her profound expertise in this field.

[@Juliebird86]

[ TammyBrockman] VlA Te le gr amm

[@edwinrubio6650]

With the right guidance, like that from expert Tammy Brockman, trading, especially for beginners, becomes simpler and safer, reducing potential losses.

[@JA-lb7ir]

Tammy Brockman crypto knowledge is like a secret recipe for success!

[@Bobsager86]

I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more

[@Danamantilia]

Best signal provider in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon.

[@gretatheotherone4686]

Informative and helpful. Thank you Michelle❤🙏

[@RobEGR19]

With each new interview; Michelle only gets better than the last interview. Great work as always, Michelle!

[@TheNecropolis20]

shes predicting a 2024 recession

[@davidpaul2914]

Love George’s lay man’s interpretation of money I understand and he’s always humble about his views 👍 love from NZ

[@marvin-4814]

Best macro educator! Thanks George!

[@nickburak7518]

Exactly. The banking crisis will give the Fed it's long-awaited desire; to buy up fallen banks on the cheap. CBDC is the tool, and owning the government and the people is the goal. Divide and Conquer with the mighty pen (and the envelope under the table)

[@RomanJohnson-dm5yr]

They always give you few months something bad will happen economically and financially and turns out nothings happened. I’m sick of all those false fear mongering predictions.

[@ShapeshifterOS]

I have to correct George on the 2006-08 GFC issue. Problems started in '07 not '08 when WaMu was collapsing and got bought up by J.P. Morgan. That was when the MBS crisis started unraveling, but the GFC became the narrative in '08.

[@ShapeshifterOS]

@liberalculler5087 You'd be surprised the bs banks do and get away with. It only becomes an issue when people notice and it threatens their profitability. Would you be surprised if I told you they continued the same bs from the GFC to this day? They simply renamed the steaming pile of shit MBS packages that held toxic assets.

[@brendancurtin770]

Michelle Makori is a hero. Extremly intelligent and well spoken

[@tubaljohn1]

Thanks for having George on.

[@treycaldwell4118]

OMG the thumbnail to this video is hilarious they have George looking straight into the headlights so to speak😂😂

[@habyalexandru2265]

Jamie Damon is buying gold and silver😂

[@davefromkansas5600]

Thanks, George, for keeping it real.

[@vicsingh3998]

Bravo! You two are a perfect fit. Must do more often!

[@eljuancho2]

George Gomman is a international hero!

[@j.t.3872]

George Gammon lays out his strategy for positioning oneself for the up coming recession or financial crisis at 13:13 minutes in this video. Good stuff.

[@888strummer]

He laid out the same strategy a year ago

[@daleb4148]

He laid out a different strategy in 2020, he was way off.@@888strummer

[@googootubtub]

his advice to time the market is really smart , always works

[@philfortner1805]

BTFP will get extended in a split second. Count on it.

[@ShapeshifterOS]

I wouldn't wait for the inverted yield curve to steepen. 2 year yield falling below the 10 year would indicate institutions are already pulling out the cash to buy the bottom. I'd get a jump start on selling those t-bills as the curve flattens.

[@whitehead1187]

George talks sense, thinks out of the box, and is also a top man. Highly recommend his channel

[@submx067]

George’s relentless stare was intense in this one. He probably thought he had a shot with Michelle.

[@zepp_01]

Also, Warren Buffett was exiting his bank stock positions too

[@scottosborne8735]

Warren Buffet knows, too.

[@TheAdamAdy]

Warren has became an irelevant fossil

[@joinjen3854]

Buffet sold Wells Fargo because of FRAUD.

[@thehungergames8918]

Thank you guys 😄✊

[@ginacardarella]

Love listening to George

[@dorningarts]

Really insightful, yet I have a hard time imagining the Fed allowing a major banking crisis during an election year.

[@JasonAldeann-bt4xf]

May not be an election. War time they will "pause" elections

[@888strummer]

2007 and 1999

[@tonyjones5473]

Elections will not be happening next year

[@joinjen3854]

​@@888strummernot election years.

[@lisahertel2415]

He wavers. He goes from absolutely to maybe

[@daleb4148]

One thing I’ve learned from Kitco the last four years is that the predictions are always spot on and come to fruition in the time stated. Absolutely. especially predictions on gold and Bitcoin. Fo sho. Oh wait, maybe not.

[@paullopresti9568]

Not true

[@Sean-411]

I think Michelle has a wee soft spot for our George 😉

[@stevep9041]

The Fed needs to wind out this system, only as long as they need it to plug into, and justify a CBDC. That means pain for consumers.

[@brandonshambach9357]

Great show

[@bwinms1]

Great in depth interview. Quality

[@trailguy]

I don’t think we consciously think of it this way, but most people have shifted from an if to a when regarding collapse. Just 15 years ago most people didn’t think the system was doomed, but now it’s hard to find someone who thinks everything will be fine. At best you can find people who think collapse won’t happen for many decades and they will be gone anyway. The difference between analyses these days are on precise timing and the order of events, but all the big thinkers will tell you trouble is coming.

[@scottosborne8735]

Revelations, provided by whom? Wake up, now!

[@trailguy]

@@scottosborne8735 provided by circumstances. The sources are endless.

[@avenger1212]

Sovereign debt crisis. You've probably seen the charts. Decades seems an unlikely amount of time for this to play out.

[@surferscollective613]

Time to buy!

[@user-px4td5qe7j]

as a senior i hate that word digital can't afford a cell let alone this computer another month'y payment

[@bigdogrisin7226]

This guy was great! That was one of the best interviews with explanations I have ever seen. Thank you George Gammon and Michelle Makori.

[@josephfriday2661]

That was one of the better interviews.

[@bruce5895]

That makes sense, then they revalue the price of gold, they say that March is the best time to buy gold, so I guess they might be right.

[@RICARDORR18]

This guy is underrated related to the views and likes un the previous video.

[@jamesmarchetti3286]

Wow !!! Great Facts and a possible Warning !!! And Explanations !!! I didn't realized the previous Band-Aids and Torniquet was Temporary !!! 😮 😮 😢 😢 !!!

[@mattdean3771]

Love that you have George on frequently.

[@quixomega]

Don't underestimate the ability for those in power to kick the can down the road, They could just open up a new facility or extend the Bank Term Funding Program.

[@scottosborne8735]

Until faith is lost. But, the general public is very ignorant. It may take a while.

[@surferscollective613]

Yep. And once banks are centralised the power will go to the head

[@555frontier]

They will extend it indefinitely.

[@mg-by7uu]

Then the dollar will lose it's reserve currency status in a matter of years instead of decades because it will be worth nothing

[@douglascooper1987]

Been one of his subscribers for a few months now, and he's been spot-on so far, I think TPTB will step in and try to Rescue it though. Good Show Thanks Ma'am 👍👍🇺🇸

[@markweaks2239]

"Flipping a switch to stop Inflation...will create Deflation...and solve this problem..." The Deflation will crash values and the banks can re-possess and take everyones property, the very end game of Usery. Banks already own majority shares of all stocks, meaning the banks own all the businesses in the U.S. How did they do it? They printed the money.

[@pomegranate6221]

I'm so grateful I live a simple life and could careless about money.. but, this stuff is fun to listen too anyways 👍

[@bartonmulder7228]

It’s not just about the money. It’s about control. You will lose your freedom shortly after CBDC. The democrats are communist

[@onetwoka4512]

Michelle is a monster She does not let him go not leaving him till his last breath … 👏 Well done both 👏

[@fakenewsopponent4195]

I think Michelle fancies George, giving him the Betty Boo eye lid flickers throughout 😂😍

[@Options96]

I believe their is a Professor at Duke University, Campbell Harvey who preaches the same concept. The damage is done by the inverted yield cycle and when it goes back to normal watch out.

[@DanceGeekRob]

Only 3 more months to go!! I really hope this channel revisits this at the end of March 2024!! I hate when big predictions are not followed up on.

[@DanceGeekRob]

It’s the second week of March! Less than 20 days to go, unless the prediction changes to March 2025…

[@worldtravel4973]

NYCB is showing signs of

[@user-gj3no1hq9h]

George, always the best❤

[@c00Ljr]

Best interview this year. Thank you!!!

[@user-xq8qx6bg2j]

❤❤❤❤Always good to see George. Thank you 🙏🙏🌹🌹🌹🌹🌹

[@kmilton1593]

Great information and food for thought, George.

[@jcygts6]

Lines up with the 2024 halving

[@TheGoldeyFamily]

Ask the people in Gaza and Ukraine how their BTC is doing. Buy gold and silver, don't be stupid.

[@Tony.aussiecoltsfan]

Happening fast. My bank in Australia bankwest run by the commonwealth bank closed all their customers business accounts with no warning at least not that l saw and sent them cheques for their balances 😮

[@END-THE-FED]

IMO, the only reason Dimon didn’t plan sell more JPM stock was not to cause a panic in the financial markets.

[@nobodynever7884]

He still has a few months.

[@shanshansenlightment4985]

Mr. Gamma super smart love that guy.

[@ericweis9771]

Great stuff Good interview

[@KulwinderKhakh-ns5sn]

Very good show.

[@bruceellenburg429]

Im not exactly the sharpest knife in the drawer, but money just doesn't disappear into thin air, someone or someones are getting Mega wealthy from these bank failures. Why aren't the banks and financial institutions being audited and why isn't the Fed doing something about it?

[@SkipinlLA]

great interview

[@mr.q8023]

Reserve requirements are changing for 2024 and banks are reeling because they can't do it. They aren't making money like they were with no rates.

[@mattatuckmanful]

Credit Suisse was basically the size of Webster Bank in Connecticut…

[@harmhoeks5996]

Specific predictions are great

[@Deal-withit]

George’s prediction is correct but he has taken into consideration the support will continue, only because election at end of 2024. Manipulation will keep markets bullish until the election is over. This only delays the inevitable recession for 12 months approx. early 2025. then we have a European and USA recession, should be severe but with manipulation included we don’t know the severity.

[@nobodynever7884]

Powell is a Republican.

[@The-Capitalist]

I’m sorry but I think it happens sooner. The ramifications of the fastest interest rate hiking cycle will soon kick in.. The Fed will cut followed by the inevitable recession (which I believe we are already in) and stocks will tank.

[@alesnecas7410]

Good interview.

[@clownworld33]

If there is a banking crisis then how do you know if your money, T-Bills, stocks will be safe in your brokerages and banks. The FDIC only has few billion dollars.

[@RussCR5187]

There are no 100% guarantees. The risk of loss is rising and the places to hide disappearing.

[@clownworld33]

@@RussCR5187 I would like to sell my house but then the money would be in the bank and be at risk.

[@georgeorwell3501]

@@clownworld33Put into real money gold.

[@phil9979]

I love when people ask questions directly answered in the video they’re asking about. 😋 17:28 And yes, the same applies for the US defaulting on it’s debt obligations or insurance. Make sure nothing exceeds $250,000 in a single institution and you’ll be fine. Or you’d be fooked either way. 🤷🏻‍♂️

[@mg-by7uu]

Because of the 2nd amendment. There's a reason they want all military age men to be women now. If something like that happened there isn't enough propaganda and soy milk in the world to stop a revolution

[@BillAdamson-bp9ff]

The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@RickMckee-nq4ni]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

[@TexasTwig]

@@RickMckee-nq4ni Gold?

[@agotch23]

Great interview 🌟

[@josierodriguez3305]

This contains the Tbill info missing from George’s other video! Insightful.

[@shauncrawford6089]

Very informative

[@eduardopemex7435]

Great interview ❤

[@rodhelms-yt2pk]

Good man

[@mjwmontgomery]

I work 20 years in banking. Banks are better prepared than before. I dont foresee a banking crisis..but other things might fall significantly such as tech stocks. Fed will always bail out the big banks. Customers may have to bail in some smaller banks.

[@nickieglazer7065]

When are you going to pay back all the IOUs? How are you going to pay back all the promissory notes without gold to back them up? It says on the pieces of paper: ‘I promise to pay the bearer the sum of ...........’

[@johnmknox]

We love the Rebel Capitalist! He knows his stuff!

[@peterdenham9510]

Great Channel IMO please allocate more time to fear and doubt orientated content & guests so that this will motivate sellers to complete their good work and asset price will be on bargain prices again

[@clarkewegener9197]

Since the banks have been using the program doesn’t that mean there is reduced risk because they’ve offloaded so much risk?…

[@MarkusAllen1]

Eye opening conversation from two of the best

[@socalsilver6397]

Thx 👍🏼

[@RollerSkatinActor]

So are u suggesting shorting the Regional Banking Index, the KRE?

[@LuLong-kk8gm]

Nice call

[@scottg1911]

Anyone else rewatching this march 12th lol

[@HermanWillems]

Yes. Still economy looks pretty good in my country.

[@nickwilliams4691]

Banking will collapse, "unless they do something..." They'll always do something, generally in the way of protecting themselves, but not John Q Public. Its a no brainer...

[@jimmyz5831]

The experts keep proving they know about as much as us.

[@GroceryBoy]

Just took out a 50k loan and bought gold so if the banks collapsed I don’t gotta pay it back

[@RussCR5187]

That's not how it's going to work. The smaller banks will be consolidated into the larger banks and loans will survive.

[@JA-zh5xi]

That would be idiotic on so many levels.

[@GroceryBoy]

Wait so was that a mistake 😮 should I buy bitcoin🙎‍♂️

[@1philliph]

I doubt that you did that

[@daleb4148]

Gold has had a great return since 2012.