Banking sector is 100% facing a crisis as a bank employee. People are either broke, moving their money into online money market accounts that yield 5%, or investing all of their savings. On top of that, no one is getting loans bc dealerships can match or beat offers since the rates are so high and all car companies decided that acting like they care about the environment is more important that building a functioning car. No one wants a mortgage either bc you’d have to be insane to want to pay almost a million dollars for an overpriced 400,000$ house with these mortgage rates. Don’t even get me started on all the corporate bureaucrats who have no idea how to run a company, let alone a bank in a non zero interest rate environment. People should be very scared
@tarastruck4 ай бұрын
I kind of interpret many post on here as acknowledging that we're reaching a market peak, in general, which is a well-supported thesis, and so if you've been sitting back chill while the gains roll in because bull market, well, time for traders to stay sharp, many are expecting volatility, probably a sharp downturn, smart traders should check their risk management is in shape, time to pay attention. The timing of his post vs what I know about the market supports that well enough. But yeah, the post could mean anything.....managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Tobias Hawke, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
@tarastruck4 ай бұрын
Tobias Hawke program is widely available online..
@sophiepascoe4 ай бұрын
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
@FirstNOnly4 ай бұрын
Building a good investment portfolio is more complex so I would recommend you seek Tobias support.
@501blackhawk4 ай бұрын
Tobias Hawke’s understanding of market indicators is impressive. He knows exactly when to enter and exit trades for maximum profit. His siignals are top notch..
@RuyVictorio4 ай бұрын
The starting point to learn how to make money in general not just trading, is to have a strategy. It might be obvious, but there are many trader's out there who are merely guessing when trading and not having a strict trading strategy
@TheDavidLinReport4 ай бұрын
Higher for longer interest rates will continue to weigh down on bank sector growth, but do banks face a looming financial crisis? Sign up for an IRA with iTrust today using this link: itrust.capital/David FOLLOW FITCH RATINGS: Fitch Ratings: www.fitchratings.com/
@gregorysagegreene4 ай бұрын
Find me somebody who can tell me the truth, David. Seriously? 🤷♂️ 🏃🏃🏃💣⚡️💥💨
@davidepattibiomed894 ай бұрын
Large Bank stocks Up and Up only. Long UBS doubled my money already
@Ttemmah4 ай бұрын
Thank you for letting me know we are in big,huge ,enormous trouble for mid size and small banks going broke.
@CorTec4 ай бұрын
🔥🔥🔥Everything is A-OK, nothing to see here !🔥🔥🔥
@Resmith18SR4 ай бұрын
Weren't people like him saying how the economy was doing just fine right a few months right before the GFC? So no recession, no housing bubble, no losses for consumers, banks, no one? All assets just keep going up with no end in sight? So the COVID pandemic was actually a good thing for the economy? Really?
@TheOpinionSports4 ай бұрын
That’s almost what he saying now
@defunctuserchannel4 ай бұрын
Yes exactly. He toes / tows the "party" line. We are currently at the "partial acknowledgement" stage.
@jcgoogle18084 ай бұрын
Yes,.. they were outright fraudulent,..... before the GFC and even after the fan accelerated toward the fecal matter,... But that's all behind us. They are 100% trustworthy now. Btw if you believe that.. I'm offering 20% off on the Brooklyn Bridge in my bridge Memorial Day sale.
@VinceTomJones4 ай бұрын
This guy just talks BANKSPEAK.... We have entered into the biggest economic and social collapse in recorded History.... There WILL be a run on the Banks make no mistake about it.... If you have saving which most of you do not have these days,,, Remove them from the Bank NOW also buy A GENERATOR...
@VinceTomJones4 ай бұрын
@@defunctuserchannel Yes BANKSPEAK
@chefandy724 ай бұрын
I'm very impressed with this channel. I expect it to grow, oh and I expect gold to go up as well.
@Locpik4 ай бұрын
The spin is strong in this one
@gregorysagegreene4 ай бұрын
Metacloroids, yeah!
@adamalker714 ай бұрын
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.
@LindaHarmel4 ай бұрын
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
@Richardson2384 ай бұрын
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
@Melbn-di6mi4 ай бұрын
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
@FranklyHunt4 ай бұрын
Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@dorathystephanie77024 ай бұрын
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
@chrishardin71834 ай бұрын
Banks are slowly but steadily reducing their unrealized bond loss as the bonds mature and that money is rolled into new higher yielding bonds.
@Resmith18SR4 ай бұрын
It sounds like he thinks this economy is doing just fine. Im sure he's doing just fine but what about the millions of people who are really suffering living on low incomes?
@ethanhensley31944 ай бұрын
see thats the issue here, all this money in the stock market & crypto is just rich ppl moving around other rich peoples money. And they got alot of it; they are just recreating new ways to take as much as possible from the retail investors. And then it leaves us peasants to go against other peasants bc once again its harsh capitalism for the working class.
@Resmith18SR4 ай бұрын
@@ethanhensley3194 Exactly, and then they have the nerve to complain about all the unsightly homeless encampments messing up their pristine environment. They wonder why there's more fentanyl and drug abuse and crime in their cities while they're driving around in their $80,000 EV or truck. They could absolutely care less about poverty and their fellow Americans suffering.
@VinceTomJones4 ай бұрын
This guy just talks BANKSPEAK.... We have entered into the biggest economic and social collapse in recorded History.... There WILL be a run on the Banks make no mistake about it.... If you have saving which most of you do not have these days,,, Remove them from the Bank NOW also buy A GENERATOR...
@kr0nz4 ай бұрын
i could be wrong in my assessment but i felt he had to fit his explanations within some sort of polished agenda.
@vikramkhaira4 ай бұрын
Hey David just curious, why you interviewed this guy???
@VinceTomJones4 ай бұрын
ha ha ha Nailed it
@wayne47684 ай бұрын
I thought I was watching CNBC
@VinceTomJones4 ай бұрын
Very cleaver David.. I didn't see it at first.... But I can see you had this pilock on to show us just how well and truly fearked we all are,,,, Great Strategy David,...
@slowridefpv96684 ай бұрын
Isn’t loaning the government money at 1% and 30 year mortgages below 3% risky lending? The interest rates that are troublesome aren’t the current rates it’s the plandymic rates?
@gregorysagegreene4 ай бұрын
Man, this is the guy you definitely need - to tell the next lemming that the last lemming had no problems going over the cliff and is just fine! 5 mins later: Everyone runs screaming to exit.
@jshatfield1154 ай бұрын
This guy is highly blue pilled. His opinion is irrelevant. But hey we gotta talk to these people as well I guess.
@MrJkenner4 ай бұрын
I keep hearing "experts" say the reason consumer debt is going up suddenly now is because the fiscal stimulus checks from a couple years ago are just now running out. Could someone show any evidence of this because it seems ridiculous? I feel like this would be reason number 78, not 1.
@gregorysagegreene4 ай бұрын
They keep wanking us off on this idea of a few measly bucks given out long ago ... and long gone. It's a great distraction, from what they *really* don't want to tell us.
@toxicmasculinity62464 ай бұрын
Community and regional banks are getting screwed by the Fed Funds rate. Deposits are fleeing banks and going into treasury money market funds. If banks don’t have deposits they don’t lend. If they don’t lend, the economy grinds to a halt
@PonziZombieKiller4 ай бұрын
It's all gunna crash like a mofo and Jerome and Janet will give them golden parachutes and another 12 to 15 years of debt to gamble with...
@justinchapman58764 ай бұрын
Aren't the banks pulling back on loss provisions despite the increase in defaults? I don't think we truly understand the amount of fraud that exists within the mortgage industry. I get that banks don't have massive exposure to this anymore but someone does.
@zkal114 ай бұрын
At least some banks are, I don't know if it's widespread tho. Sounds like we both still know more than this guy (or maybe we'll just SAY more of the truth outloud). No disrespect to our host, enjoy the channel.
@paulsaragosa3714 ай бұрын
I attended our Lady queen of angels seminary at 12yrs in San Fernando Valley California
@25Soupy4 ай бұрын
This guy Christopher Wolfe, Managing Director and Head of North American Banks at Fitch Ratings was fumbling all over his words like he was afraid to say the wrong thing. Did anyone count how many times he said the words "umm" and "yeah know"? It's like he's a afraid he'll get canned like when the S&P downgraded the US government in 2011 from an AAA grade to a AA+ grade. "Later, the US Government commenced an investigation into S&P's role in the rating of several mortgage-backed securities which played a role in the 2008 financial crisis." "In order to mend its relationship with the US government, S&P asked its then-CEO to step down, a mere 18 days after the US was downgraded. S&P announced on August 23, 2011, that Deven Sharma would step down as a Chief of Standard & Poor's effective September 12, 2011, and would leave the company by end of the year."
@VinceTomJones4 ай бұрын
He is afraid to say the wrong thing..... They have PHOTOS of him.... rest assured..
@louistan75604 ай бұрын
Parallels? It is going to be a lot worse except people who are asked try to avoid confirming it. This clearly shows how bad the situation is. Rating agencies have been very relaxed on rating criteria and a wide rating range. Now is the time to tighten and compress the range if they truly do their job.
@conduit2424 ай бұрын
Those that can’t bank, rate
@dchung7264 ай бұрын
Great interview!
@ANSHUL17004 ай бұрын
My bull run picks: LINK, UNI, and SOL. Best presale? Hands down, Revux.
@paulsaragosa3714 ай бұрын
What is happening with the gargoyles
@IshuKumar-k1m4 ай бұрын
Hearing so much about Revux in my crypto groups. Definitely on the rise!
@jeffsurfanderson4 ай бұрын
Does Consumers have a spending problem. Parents don't teach the kids how to save. It's like a drug addiction for kids and young adults once they have it they can't stop they need financial education
@tilaktamboli64324 ай бұрын
Consolidating my portfolio to focus on BTC and Revux, maybe a touch of LTC.
@Firehorse394 ай бұрын
Good Grief!?!
@thegrail96364 ай бұрын
Subprime loans are still alove along with games. They just call it a different name to get around Dodd Frank
@deepakkumar-ih6hk4 ай бұрын
Moved all my funds into BTC and Revux. This presale is too good to pass up.
@danielmarks51334 ай бұрын
Like the FED I’m staying higher for longer David!
@cristinavillegas22294 ай бұрын
I am off to the horse races what do you think about number 5 😂
@Resmith18SR4 ай бұрын
No housing Bubble? What's this guy been smoking?
@gregorysagegreene4 ай бұрын
Guess prices double historical ratio to incomes is juuuust fine.
@blockmedia55764 ай бұрын
oh god they are starting to say they arent worried. When they say they are not worried, thats when you panic.
@brianoleson57854 ай бұрын
would someone working with fitch ratings lie?
@duperpokgab4 ай бұрын
These are the same people who rated subprime debt AAA. Asking them about parallel to 2008 is sus.
@paulsaragosa3714 ай бұрын
Swans and thy redundancy of thy pawns
@jacknaneek16814 ай бұрын
What’s Tom Papa’s brother doing here?
@nickbargas73524 ай бұрын
I thought the same
@paulsaragosa3714 ай бұрын
It is thy special act of thy whole world thy entirely so to speak on and on down into the ocean
@paulsaragosa3714 ай бұрын
1993 Shazam wowee prise into the sky with vanilla
@paulsaragosa3714 ай бұрын
Like a horrible times of thy hang man's game
@banana-lakefishing60774 ай бұрын
David why the hell did u bring this guy in?
@eponaepona4 ай бұрын
The fact that I opened comments in the first 5 minutes tells something is off with the episode 😂
@oishisakana4 ай бұрын
So your saying no one really has any idea what is and will happen. Got it.
@paulsaragosa3714 ай бұрын
Omnipotent brains 🧠 storming
@paulsaragosa3714 ай бұрын
Thy magnificent ⌚️ ⏱️ 🕛 ⏳️ ⌚️
@GreenNutGuy4 ай бұрын
Ya'know... You know... Ya'know... This guy sounds just like SBF to me.
@sliekerstar4 ай бұрын
Doesn’t see a recession in 2024!?! I think this guy is on the $100 lunch program
@paulsaragosa3714 ай бұрын
Let s go count sand okay game 🎮
@MaxAntihero114 ай бұрын
So 0% rates and QE don’t qualify as financial engineering for this guy?
@paulsaragosa3714 ай бұрын
Let s not worry be happy song lyrics 1980s song Bobby McFarlane
@sajen76764 ай бұрын
Who else thinks Revux will outperform XRP soon?
@paulsaragosa3714 ай бұрын
I'm not a very tiny little brain storming
@shakazulu35944 ай бұрын
So, the banks aren't making bad home loans...in fact, they aren't making home loans that much anymore at all. Instead, home loans are now coming from unregulated lenders. I'm sure they all have pristine underwriting standards and the housing market is hunky dory.😅🤣😂 #wakeup
@c80899234 ай бұрын
This interview takes me back to The Big Short - when Mark and Vinnie meet with S&P Rating Agency. Good times
@Gordyswhey4 ай бұрын
His issue is that he believes banks abide by the Dodd-Franks Act.
@paulsaragosa3714 ай бұрын
Albiet is thy Albert Einstein mannic depression
@dorningarts4 ай бұрын
I do not think this interview is going to age well.
@doit23764 ай бұрын
Think you missed the timing on this guy, he would of been hit a few weeks or a month out after the down grade.
@maverickjones94184 ай бұрын
Man this man knows what he’s talking about.
@nancygreen81864 ай бұрын
This fella isn't going to say anything negative. He doesn't want any runs on the bank. So we're just going to hear a bunch of blah blah blah blah.
@paulsaragosa3714 ай бұрын
Nixon
@paulsaragosa3714 ай бұрын
99percent of the entire world 🌎 captain kirk and rent and Stimpy cartoons
@paulsaragosa3714 ай бұрын
Pack mannic depression fever
@richardchapman-u1d4 ай бұрын
yawn, all ok really then so pointless clickbait title
@lqspopculturereview53394 ай бұрын
Plz disguise Lyn Alden better with AI
@user-rc7gz4ok4e4 ай бұрын
La-La-Land
@welchkoservices42004 ай бұрын
I miss the old lady who was blind.... Bee Well all
@Chuck68ify4 ай бұрын
It's all good, housing hasn't gone up, the fiat toilet paper has lost 25%.😊
@billwalton45714 ай бұрын
you lose all your money by staying in cash
@brianoleson57854 ай бұрын
@@billwalton4571 bad comment.... just forget the bubbles pandemics and speculation no deflation black swans possible ok
@brianoleson57854 ай бұрын
@@billwalton4571 ONLY if u dont expect a historic recession or depression im in that camp so short term few years ur money is not trash if assets crater and people remember 2024 / 2025 like 2008 and 1930s
@paulsaragosa3714 ай бұрын
Mmmmm mmmmm mmmmm mmmmm good
@conduit2424 ай бұрын
Fitch 🤣🤦♂️
@paulsaragosa3714 ай бұрын
Stupidity love lonesome love song by the hemlock lonesome and the entire world 🌎 endless love Lionel and the 🦁 simba and all other Nala s animals and their friends the lions 🦁 king s
@MM-qv5lf4 ай бұрын
The more you listen to these "experts", the more you realize these guys are completely clueless.
@paulsaragosa3714 ай бұрын
Holly strawberries batman we are in a jam yah tada hahaha bad Colby cheese 🧀 and it's not cho cheese okay with all this stuff 8oomillion x8 sh ooooooooo hug me
@erikonas8224 ай бұрын
BS
@rodpetrie10884 ай бұрын
Boring, yawn.
@BolsakTBagger4 ай бұрын
boring guest
@25Soupy4 ай бұрын
Yeah, David couldn't get rid of him fast enough. His shortest interview to date.
@paulsaragosa3714 ай бұрын
Prideful mountain ⛰️
@ptupy4 ай бұрын
Fitch’s rating of US creditworthiness is like me writing my own credit score
@afsalafsal34394 ай бұрын
Consolidating my portfolio to focus on BTC and Revux, maybe a touch of LTC.
@bradw2k4 ай бұрын
100% this guy will not see GFC2 coming
@VinceTomJones4 ай бұрын
He cant even find his own nose on a good day...
@michaelwillis50404 ай бұрын
I'm just finishing up reading Gregory Zuckerman's book titled "The Greatest Trade Ever" about the 2007-2008 housing debacle. It certainly seems that many of the same forces at play then are still active today and I expect the result will be much the same only worse as commercial real estate will be added to the wreckage. Bank failures will continue and the merry go-round will continue turning until the Federal government stops spending money they don't have.
@paulsaragosa3714 ай бұрын
Lucy's is the sky with diamonds 💎
@shaunblue35944 ай бұрын
Bros now using the same boring old headlines “financial crisis” 😂😂😂 He leaves Kitco to go it alone to put his own creative spin & still churns out the same pastries. 😂
@Jdhsjdgjshdhdh4 ай бұрын
Consolidating my portfolio to focus on BTC and Revux, maybe a touch of LTC.