Despite Risk-On Euphoria Banks Are in a Precarious Position. Says Andy Schectman.

[@Christianevanwhite]

"When you put money into a bank it's not a deposit it's an unsecured loan, you are the last to be paid, you are an unsecured general creditor and this is something that I think people need to understand." Well said.

[@rosesmith6208]

yea they come up with all kinds of justifcation to steal from you, there is no disclosure of this fact if people knew they would nto use the banks. period. they are commiting fraud, but they dont care they really dont need us at all, they can just print up their money if they need it. but there would be no productivity produced from it to increase it's value.

[@CosmicSeeker69]

But most WON'T. It's too frightening to conceive for most. Could be worse though: it could be the pension situation.

[@stephenyoung8429]

I became my own central bank 18 months ago! Best move ever. Im not rich but my humble stack has went up 30% in that short time and no 2nd or 3rd party risk 😊😊😊

[@rosesmith6208]

be careful who you tell they can take your money anytime if they know you have ti it is called civil asset forfieture, many people tell their stories about having their money stolen out of their safes even tho they had no warrant and no claim of criminal activity, some up to 100,000 dollars and more. one coupld saved for 30 years and lost it all to the government theft. never got their money back. it is happening more and more, people who have cash are considered criminal and take your money calling the money guilty of wrongdoing, which is bizaare or crazy thinking on their part.

[@Firehorse39]

It’s worse than that. Lindsey is a small farming community of 20,000. “Gov” elites choosing winners and losers since 1913.

[@darinmullins4770]

Lindsey was home of a type of corn grown only for making brooms for sweeping . Broom corn . Then oil was found . The bank that had issues survived the dust bowl and the depression !

[@user-yx2ff3mv2q]

Good morning everyone. Feels like the calm before the storm.

[@ToddGavin-dp6bk]

AGREE.STAY IN THE EYE OF IT.

[@Quadman72]

Thank you Andy and Mario

[@philipdurling1964]

Commercial banks are very vulnerable to cyber attacks. No matter what their defensive position may be, their over reliance on new technology with staff working from home means that they have a very vulnerable achilies heel

[@kevinw9073]

I screamed that years ago, and no one would respond to it. As technologies change so do a multitude of risks.

[@Bill-g7d]

They’re also vulnerable because they’re highly over leveraged.

[@fullofhope2222]

yes! I heard Andy on Liberty & Finance - very sound assessment - thank you Mario, always bringing great guests.

[@mountainpatriot7673]

The bank in Cali, Silicone, was bailed out because of the big tech companies uninsured deposits! Oh and oprah! This whole thing smells to high heaven! 'System risk' is kinda like 'sustainability'. They decide who wins and loses! 😡

[@leodf1]

Great to see Andy Schectman back

[@Bigbushape]

❤

[@philipdurling1964]

@@leodf1 innit!

[@user-Old_Ben]

Andy! The man, The myth! Legend!

[@frederickmuhlbauer9477]

Andy and Mario Two of my favorite metals guys

[@user-Old_Ben]

Andy brings the receipts! Andy does the math! So does Mario - probably why they are a great pair! Assets with no third party liability - physical gold, physical silver and BTC in your own custody! BTC in a cold storage wallet!

[@bver1149]

Love this channel many years❤❤. Infomercial andy not so much = instant tune out❤ no dealer bid andy❤

[@UPdan]

36 Trillion!!! We hit it last night.

[@fullofhope2222]

smh

[@ciscoguru69]

That debt is as real as the money it is printed on. It's all a ruse to keep people slavishly using the central bank's worthless paper promises. It's a huge con. We need to reshape the way we think about these criminal banking cartels.

[@JCS1964-i7w]

And over $220 trillion dollars in unfunded liabilities which is just another name for outstanding debt

[@TheZeek011]

Yeah and Bitcoin is through the roof. Nothing makes sense.

[@ciscoguru69]

@@TheZeek011 That is Blackrock and Fidelity running it up just so they can do a massive rugpull on retail investors to grab liquidity.

[@cockyhemi]

There are no leaks. Any information that gets out to the public is intentional.

[@Bill-g7d]

I’ve known about “Bail-Ins” since the beginning of 2013 when I, accidentally, came across a a joint paper from the FDIC and Bank of England titled: Resolving Globally Active, Systemically Important, Financial Institutions,. And in a nut-shell it talks about how they'll do a bail-in. Never heard anyone talking about it, which wasn’t a surprise since it wasn’t meant for people but for banks. Until after big banks in the beginning of 2023 failed and in a hearing about it with Janet Yellen. Those banks were bailed out 100% and a member at the hearing asked if they planned on bailing out all big banks and she said, paraphrasing, after hesitation : No just the Systemically important ones. In other words bail ins. This post is the second time I’ve heard someone talking about it.

[@CosmicSeeker69]

I'm absolutely certain that Mario has raised this subject multiple times. Likewise Lynette Zang, George Gammon, the Economic Ninja and absolutely countless others over the last five years.

[@Cheryl00-e7p]

The stock market and economy at large over the last 15 years was a result of 8+ trillion dollars in FED Quantitative Easing. I find it highly and mathematically unlikely the FED will do that again. When QE was launched en masse back in 2008 inflation was not a problem. There was actually some minor deflation occurring at the time. If the FED were to restart QE again under current conditions, and drive real yields on bonds deeply negative once again, the FED will quickly find itself the exclusive buyer of all government bonds. The Federal deficit is around 2T a year but the Federal government is rolling over maturing debt meaning there are 7+ trillion dollars worth of UST sales per year. There is zero way the FED can print and buy 7 trillion dollars worth of government debt every year without causing double digit inflation.... ... I have managed to grow a nest egg of around 210k to a decent 732k in the space of a few months... I'm especially grateful to Sandy Barclay’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@Cheryl00-e7p]

Sandy Barclays program is widely available online..

[@batiaz]

If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.

[@lihlacerda]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.

[@MaxelDJ_256]

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

[@Birdman5902]

Job will pay your bills, business will make you rich but investment makes and keeps you wealthy even till the future.

[@JustinTaylor1098]

Morning Mario and Rudy, good to see Andy as well. Cheers

[@maneco64]

Hello there!

[@christopherf3918]

Thanks for all the great info and guests you provide us viewers.

[@meinking22]

What Mr. Schectman is saying is essentially this...the Establishment is picking Winners and Losers. And that is precisely what Yellen said would happen.

[@andreavandekleut6379]

good pick for your guest list He is boots on the ground knowledgeable.

[@annaweiers2947]

First heard about " bail ins " from EB Tucker about 2 years ago, he wrote a book during covid , a short easy read, very understandable and he says all the same things about trial bail-ins,, cbdc’s and what gov and big banks are up to. Would recommend it. I was a bit of a gold bug already but he made me into a big bug. He said the gov decides the winners and losers. Keep talking Andy, some of us are listening 🇨🇦

[@ld9044]

A smaller bank was bailed-in in Texas soon after Oklahoma. No one talks about that one.

[@767driver]

First saw the bail in during Cypress banking crisis. Greetings from Oklahoma.

[@Pompomgrenade]

😂 the loss of the 08 crisis is minimal compared to what is brewing right now, indeed!😅 And nobody flinched at a larger banking loss in March of 2023 than the '08 crisis...❤ Good times, in hypocrisy

[@peterbrunsgaard2012]

Good morning Mario, Andy, Rudy, and everyone! ☕️🍳🥓☀️

[@maneco64]

Good morning!

[@peterbrunsgaard2012]

@ 😊 Hope you are well!

[@lilblackduc7312]

@@maneco64 You can tell Andy, a move from Minnesota to Florida is a good one in any case!

[@ecopsych101]

You know Andy - Yellen belongs to a certain club, and she gets her instructions handed to her

[@CosmicSeeker69]

Don't they ALL? However I hear that since Donald got reelected - there's plenty of ppl in those shadows getting ready to grass others up. 🍿🍿

[@cherimeyer5475]

Thank you Andy and Mario. Mario you look great! You look healthy. Keep doing what you are doing!! God Bless!

[@EnergyMedicine2012]

The GOATS of independent financial thinking

[@ChrisWeinert-i8f]

FDIC has less than 3% in available cash to pay off their outstanding creditors cash allocations.

[@marney3340]

Happy Friday Mario, great talk with Andy S. this morning. Great information today, thank you gentlemen!

[@darinthesecularspiritualist]

Instead of one gold get 72 silver eagles.... you will be much wealthier and upset the banking cabal

[@andrewquinn6634]

Interesting

[@scottosborne8735]

The early bird gets the worm. Don't wait.

[@darrenfoster442]

When it comes to implementing Trump's policies, Brexit may be a good analogy. Despite the Brexit referendum being won, there was still the battle of overcoming the Blob's resistance to it (and a compromised implementation of Brexit as a result).

[@Pompomgrenade]

💯SVB, was illegally bailed out!

[@joconst2880]

Morning Mario all the best for the weekend and fellow stackers 😊

[@maneco64]

Morning!

[@codyeynon8467]

I had trouble moving a modest amount of money between two banks in order to just pay bills for a month. Nobody could tell me the reason. I had cash to cover, but it was a little spooky. I closed that account and have since been moving the rest of my money out of the system. That little inconvenience was a warning that I will heed.

[@gh00stbeard]

HOLY $H!T. Is this why Coinbase recently told everyone making direct deposits from their payroll that they were ending it?

[@Spirit-FilledMindset]

That was not a pullback or correction. It is a tamp.

[@Jody-howl]

Yup agreed.

[@Picknroll6]

Someone educate me on what a tamp is?

[@mikem2983]

Always nice to see new footage of Andy

[@littlemanhovis]

Thanks Mario. Andy is a great guest. I would think it depends on who the depositors if you get bailed in or out. A two tier system, like we have in the UK with two tier policing ,two tier judicial system why would'nt they implement a two system banking system.

[@ToriPhillips-u6g]

They already have

[@Hilltopblues]

And they will blame Trump!

[@andrewquinn6634]

Bet on it

[@johndoe-mm3jk]

He's just as much to blame as every other president before him possibly more with his bank reserve to zero and ultra low interest bs he also openly called for a weaker dollar and got it

[@sterling-gd3hx]

Mario get Bix Weir on with Clive, it would be GOLD.

[@darinthesecularspiritualist]

Clive could not hang with bix

[@Scott-i5o1r]

Great idea!

[@sterling-gd3hx]

@@darinthesecularspiritualist Clive is a gent, of course he would do it.

[@CosmicSeeker69]

Nice idea. HOWEVER, they're from totally different realities.

[@JustinThyme007]

Mario would need to interject every few minutes to explain to Clive how Bix's New Years day 2000 revelation is structured. What we NEED is Clive, Andy in an East End pub with Mario holding the mic. Now that would be Gold!

[@borisperez3129]

If Russia is truly buying silver , you’ve been handed a gift. Bring up the armada and demand delivery. Action!

[@rich5310]

50years suppressed , debt never stopping gold should have zero, zero correction

[@ddprepper5227]

Excellent report 👍👍👍👍👍💯

[@richardhaughton4303]

It would be helpful to prepare a table of the showing the exposure of losses if there was a bank(s) failure in net terms. 250,000 at 2% actual cover equals 5,000 for each and every depositor, that will be a wake up call. Cash at home to cover 3 months requirements is essential, in either gold or silver coins. It’s not if, but when, tinned food is still a good idea😮

[@virtualreality4me544]

America needs a less than honorable president to correct the less than honorable banks.That sounds like a great system

[@Sh311Sh0ck3d]

Good morning Mario and family 👍

[@maneco64]

Good morning and thank you.

[@rumpelstiltskin9768]

Hey andy! Excuse me but Rumplestiltskin DID NOT wake up. Rumple has been awake for quite some time. You are referring to my childhood friend, Rip Van Winkle.

[@JALRML1251]

Schectman is a snake.

[@JamesBond-vg6wz]

Don't be fooled..Even the devil was once an ANGEL..Don't be distracted by Money and false prophets..🙏🌍

[@mountainpatriot7673]

Hi Andy S and Mario! President Trump will face monstrous financial and social issues. Hopefully, he will navigate these issues in a way that solves problems rather than sweeping it under a rug or kicking it down the road! Get your lives free from sin! We are still in a battle. Christ wins!

[@Indomitablespirit108]

End Bitcoin darkweb hype now!

[@kimoconnell5152]

Love Rudy! You and Andy are ok too 😊. Love the show! Thanks

[@jvin248]

Mario, you need to make a clip at 20:00 where Andy tells the scenario of the wife sending the husband down to the bank to rescue currency and the chain reaction of chaos to put that on youtube Shorts. Include a link in the short back to the original video (too many youtubers fail to do that). Andy's story reveals a powerful point. You may not think to freak out, but your spouse will, and that drives the panic.

[@NAWPS]

What a great guest and show. Thanks, Mario.

[@funkibloo3811]

I think he meant "RIP Van Winkle" woke up...😉

[@Firehorse39]

Nobody Special Finance YT covered “Lindsey” extensively.

[@GregFunnell-q9f]

Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024.,..

[@JeremyBilbrey]

I would really love to know how much work you did put in to get to this stage

[@GregFunnell-q9f]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver

[@JimJamieson-z4h]

As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Mr Jihan Wu is also my invest analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my investment decisions align with market dynamics for optimal returns.

[@lalsingh7340]

Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's

[@VictoriaFirmstone]

His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.

[@susanemig972]

Yellen- to hell with the law, we’ll do what we want

[@QuaaludeCharlie]

Good morning Andy , Rudy and Mario :) QC

[@ocelotmaniaify]

What do u mean a run on the banks!.... They are systematically closing physical bank and going only online. Get your money out Now!!!!!!!!!

[@gollwoods3854]

BTC going up seems like a few people running for cover

[@DarrenSmith-tq2xz]

Thanks mareo and Andy for this great content God bless you both stay safe and well and have a great weekend weekend ahead

[@gh00stbeard]

Uuuummmm? That is EXACTLY what they're gonna do. Hold until Trump is in office. Then pull the rug. Did you see those ridiculous CPI numbers?

[@richardpeychers4076]

National govt in NewZealand before their last departure instigated bail in law into the banking system.

[@willhart8753]

Uhhh there’s been multiple others that have failed since signature and SVB, citizens bank in Iowa failed earlier this year….

[@ednorton47]

Perhaps Trump should request Congress to reimpose the Glass-Stegal Act and get deposit banks out of the gambling business.

[@johndoe-mm3jk]

😂 and loose control of his precious ponzi Market sounds good to me the retirees probably won't like it much though if they're living on a pension

[@angry-white-men]

What happens to all those businesses is us gold holders swoop in and buy them up for pennies on the dollar. Win-win, the owners get to retire early and we get cheap businesses.

[@roma5770]

As a superb example of the insanity of our times...... Yorkshire Police have termed the Leeds riots of last year ' A Romanian Vigil ' in their explanation of why they held a middle aged white female, community figurehead, in a cell for 13 hrs without charge. Apparently, they dragged her into that cell because she told the Romanian/ & immigrants from wherever else to " stop ( with their disturbance of the peace) & go home". She Apparently brought refreshments to the police as it was a very hot summers evening. Overturning cars, setting them on fire, setting fire to a bus, large scale stone throwing, hugely aggressive& threatening behaviourby immigrants...( arrested any of them ??).....police running away in their trainers ( no riot gear for non natives obviously).....has now been actually written down by the police as " a vigil". The good lady incarcerated without charge.....for " racial disturbance & threat " There is something very very sinister indeed going on in Britain. Kafkaesque. Follow the money as to why & how. The world needs Trump....I'm not a big fan....but at least he gives us a breather & a fighting chance. Hopefully enough people wake up & do something before it's too late. Which it will be Sooner than we think. Be your own central Bank. Pay attention to the reality of what is really going on.

[@scherbius-q8j]

$107,494, that's what each of the 334.9 million Americans would have to pay to clear their successive governments accumulated spending of $36 trillion sold as debt in US treasuries. The UK is no different only smaller in scale, so the point being, all are fiat credit, paper numbers. The only real money is gold and silver, in your hand as insurance.

[@Silver_5150]

Still gonna maintain that we haven't overcome $30 Silver yet - and the more I think about it, the more I realize there are no economic conditions that can overcome the amount of paper leverage the Comex & the LBMA have over the price - which will likely keep Silver below $40 for the remainder of the century, unless something's done about them.

[@Jody-howl]

Price Controls always result in shortages- The Artificial Price Control of silver via naked shorting with paper Silver derivatives will also result in shortages. We will soon see the true price of Physical Silver- and its not 30 $

[@ssuwandi3240]

No, as the Fed will maintain higher rate for longer until Drill Baby Drill takes down the energy costs

[@Dan-ew5vs]

Thank you.

[@JohnBurman-l2l]

Jean Genet the criminal French writer said he didn't like visiting Nazi Germany because the whole state was criminal..it was boring. He would have definitely avoided USA.

[@angelinaai9344]

Some good content on financial youtube world finnaly ! ❤

[@marialangley5528]

I would have like Andy to have a 2 way conversation with you Mario. Your input is valuable to me and everyone. I find it a bit condescending by Andy not be be able to have 2 way conversation. Sorry Andy but you do not let others get a word in. Crypto Col

[@sebastiancioek5970]

You are right, there is a law, that gives the right to own to the person who's face and copy right objects are on.

[@AuntPeggy1019]

Rudy's adorable! Good morning, gentlemen. Thank you for the intelligence.

[@hughjass7914]

Certainly not out of the woods. At best we've glimmered a number of interwoven paths rather than cliffs and brambles. 👍

[@mountainpatriot7673]

Rhudy is adorable! Put his little face on camera more often!❤

[@reverendfry6088]

DJT has one chance. He needs to get the heads of the five families together and handle our business. #woodchipper

[@jayd1008]

wake up and see 10 yr at 17.8 % and Gold @ $6,899.. thats about all that would = Truth

[@sheilaforde836]

Rudy is absolutely adorable. He's got such a lovely face!

[@Paul-dorsetuk]

US banks can value their US treasuries at par for their balance sheets, but at market when customers want their money. What is there to worry about..... Does this happen in the UK and Europe, anybody know?

[@kevinw9073]

"Dynamic Duo" speaking common sense in a world gone financially & economically insane. Stack your gold and silver.

[@Trumponepingonly]

In the end, silver will be worth more than gold

[@cleartexas]

Great show 👍

[@DavidG-qe7yn]

Thanks gentlemen 😎

[@garfieM.-uu3kw]

Thanks andy and mario. Mario id rather have a bail-in than inflating our currency away because if they inflate our currency away we are done for but with a bail-in atleast we get to keep some of our savings and it will bring those rich people who got wealthy off of leverage brought down a peg or 2. Mario do you agree?

[@petruflorintofoleanu5865]

ANDY SCHECTMAN ❤

[@jamesreal7987]

THANKS MEN

[@HannaR2049]

Happy Friday Mario and Rudy and Andy🎉🎉🎉TGIF!

[@davidbradley9204]

$155B to bailout $16T of deposits or about half of one cent on every one dollar in FDIC funds! What could possibly go wrong?

[@Theoldman62]

Great interview

[@JakesCustomParts]

Tks Andy👍🏻👍🏻

[@_KarlS]

KZbin, what are you talking about "this video cannot be played in the background"? Its not in the background, i clicked the video to watch it. Put the pipe down.

[@terrydelorenzo4804]

Thanks

[@johnbarleycorn7845]

Morning Mario

[@Pompomgrenade]

😂 a bank only gets that treatment when Gary gensler and Mary Daly are involved😅

[@georgedoolittle9015]

Not over in Europe but in the USA by specific example the price of aluminum has been *VERY* well bid so no, i don't see an "aluminum crisis" playing out in the USA...nor a Banking Crisis either. Energy upon in the USA prices for coal, oil, natural in particular oil and distillate fuels from oil primarily gasoline and diesel fuel but most importantly propane these *PRICES* continue to be very much on sale and heading lower. As is the gold price actually. So too copper as well. People stealing copper with hundreds of thousands if not millions of battery electric vehicles all over the USA now really need to have their head examined actually. There is no shoetage of copper (refined) in the USA *AT ALL.* there are obvious reasons of course why aluminum in such strong demand one reason of course right now today *DIRT CHEAP* to produce tho does come to mind😊😊

[@Pompomgrenade]

Precious metals have no counterparty risk or interests... When the times get tough you can't barter and trade with gold. Or silver, as force becomes the common denominator of choice.

[@jonathanblack3]

Great, thanks

[@14Unow]

Unfortunately, if the stock market falls over, gold will decline by 25% probably half the decline of share values. Silver will die financially temporarily, but will shine when the supply squeeze takes hold.

[@user-yx2ff3mv2q]

You're talking in dollars. In real terms Gold and Silver cannot be devalued.

[@angry-white-men]

Yep, all other assets will fall as well. So you could then sell your gold and buy real estate or stonks.

[@user-yx2ff3mv2q]

@@angry-white-men You don't need to sell your gold. Gold is money, we have to begin to think differently. We are going to be forced to think differently.