How to Survive a Bank Collapse

[@blargminton]

2:01 in case your wondering he said 'to bail out the failed banks'

[@DWalter.27]

Thank you!

[@Kio_Kurashi]

Yeah I thought he said "it's a ballot fail thanks" XD

[@svgPhoenix]

Ty

[@mustang607]

Important post!

[@G102Y5568]

Yeah I don't know who delivered this line, it's incomprehensible. I even turned on CC for it and CC couldn't figure it out either.

[@corrupt1user]

Everyone in 2008: "We want the banks brought to justice!" Obama in 2008: "Me, I can do that!" Everyone in 2009: "Ok, let's see some justice!" Obama in 2009: "First time voting for a politician?"

[@djmars1983]

13 years later We still haven't brought the banks to justice

[@jonathanwells223]

Granddad: “then wtf that nigga gon’ do?!”

[@NarwahlGaming]

@@jonathanwells223 _"What do you mean I'm black? Does mom know?!"_ - Richard Pryor, Hear No Evil, See No Evil

[@BladeOfLight16]

The banks were literally told to do what they did by the government, even threatened with legal action on the basis of "discriminatory lending" because it so happens that black people (who are, on average, in a less financially stable position) were getting less loans. Then the government backed the securities and bought up a ton of the loans to protect the banks from the risk of lending to people who couldn't afford it. Why would anyone in the government punish them? Obama was part of the cause.

[@blitzkrieg8776]

We had someone who was going to go after them. He ended up with his brains smeared all over the interior of a car.

[@crantorbuttons4378]

Silicon Valley Bank (SVB) was the 16th largest bank in the US, and it wasn't subject to the most strict controls. How many banks actually are subject to those controls, besides the big four? Any bank could suffer a run and fail, and if that happens to a community level or even state level bank it probably won't upset the national economy or ecosystem of banks, but any multi-state bank should be more closely watched.

[@serenasmith2859]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival

[@jamesharrison6569]

Such a priceless tip, Thank you so much!

[@jamesgeorge5896]

This is absolutely fantastic the way good work speaks I practically see Sofia Erailda everywhere

[@Grabthar191]

Ah... the ad bots have invaded.

[@MoroniReviews]

You can still get punished for having too much cash. Once at baggage claim in the San Francisco airport I witnessed a man getting detained because his suitcase had too much cash in it.

[@Athetos_Admech]

Why? Did they think he was a criminal fleeing the country or is carrying too much cash literally illegal?

[@GambitsEnd]

@@Athetos_Admech Authorities use "excessive cash" as a sign of illegal activity, which allows them to seize that cash. Even if it is proven without a doubt that the money was not used for illegal purposes the authorities don't need to give it back. They can literally just rob you for no reason.

[@josephyoung4224]

@@Athetos_Admech It's called Civil Asset Forfeiture. An insane nonsense legal precedent wherein DOJ officials (and airport security) can completely ignore people's 4th amendment right without facing legal repercussions whatsoever. The argument they invented to justify this is that the *property* is somehow guilty of being used in a crime (such as being used to pay for drug deals), and therefore must be seized. The person in possession of the seized personal property does not need to be convicted or even accused of a crime for this to happen. An LEO merely needs to *claim* suspicion to fully confiscate the person's property, at which point the victim must file and win a civil lawsuit to prove their property was not used in a crime. Needless to say, this *enormously* incentivizes police and airport security to perform what is effectively legally protected armed robbery against citizens, whenever they want to.

[@Athetos_Admech]

@@josephyoung4224 wait that's literally the opposite of how the legal system usually works. You'd think such a blatant violation of the 4th ammendment would have been challenged in a supreme court case at some point.

[@existinginaspace8347]

​@@Athetos_Admech It has and they let it slide because it makes the states money.

[@RicardoLuna]

Saving in the mattress is a good idea... until inflation kicks and your bills are also impacted.

[@alexanderwsm6296]

Maybe convert money to precious metals first, then stick them into mattresses? ;-)

[@jazz3911]

@@alexanderwsm6296 it'll ruin your spine but at least your finances are secure.

[@rolandswift4311]

@@jazz3911 that's why you hide it in the box spring.

[@_Circus_Clapped_]

why save it as a precious resource when you can invest it on a reliable machine to make money?

[@canisblack]

It won't kick you any softer if it was in the bank.

[@queenbunnyfoofoo6112]

I grew up knowing alot of people who survived the Great Depression. Some of them kept the majority of their $ in cash in a safe or hidden. Sure, they had small checking accounts, but were extremely wary of banks. Federal Reserve hasn't changed in all those years.

[@magmat0585]

I'd still be wary, considering what the canadian banks were doing to protesters and how american banks have been moving against non-government approved industries (like gun manufacturers)

[@HenshinFanatic]

It's how my boomer parents raised me, and while I'm far from wealthy, I can still comfortably get by despite these economic times. Being very frugal also helps.

[@jbc175]

I hadn't considered how much of a risk civil asset forfeiture could be to someone keeping their money in currency. Makes burying money in jars in known locations seem more reasonable.

[@S_Roach]

Unfortunately, it has changed. We got off of Silver, back around 1962, for instance.

[@barongerhardt]

NOOOOOOO!!! Not student loans! It's a TRAP!

[@sebastiantrias1529]

That how it work, make you go broke, and make you borrow.

[@DJSkywalker716]

My theory is the gator was gonna go to culinary school. Poor guy.

[@jamestunedflat8942]

That, or music school.

[@AmericanCaesarian]

What about art school

[@NarwahlGaming]

The only true Underwater Basket Weaver.

[@XiloTheOdd]

nope Dentist.

[@S_Roach]

Probably go into a trade, like boot making.

[@deanlawson6880]

Yet another perfect example by "IRS Agent 87,000" of how *Taxation is Theft*

[@WorgenGrrl]

When you think about it...Taxation is Extortion

[@jediknight129]

​@Alex S at least the mob only took 10%

[@Kardel_VA]

I'm suprised Florida Man didn't pull a gun on the IRS agent.

[@prettyboyjeremy]

Even the joker is afraid of the IRS

[@Victor-056]

@@prettyboyjeremy At this point, he wouldn't be. The only reason noone stands up to them has been because of the media. Outside of it, they're Tyrants who have enjoyed the inflated fear of tje populace... And Thus may not be able to handle an actual fight.

[@familygash7500]

He's Florida Man, not Texas Man.

[@potatoheadpokemario1931]

I plead the second

[@jamestarbet9608]

Now the poor fellow needs some Gator Aide. And there is the dad joke for the day

[@columbusnoble6275]

how tf do you guys only have 100k subs????? you guys put out great content and should have much more!

[@kyona5422]

Al gore rythm.

[@noskalborg723]

SHADOWBANS!

[@mustang607]

The SHADOWbans know.

[@Tential1]

Shadow ban. It's ruthless. Twitter files should have let you know, every single company does this.

[@S71xx]

KZbin shenanigans.

[@TransConservativewaifu]

Thank goodness Mr krabs doesn't have a bank account and stores his money in his mattresses. Take that, squidward😅

[@Montross4440]

Squilliamfancyson better get the memo 😮

[@kimmiewise1044]

Let's also remember he owns a business and primarily keeps money in a safe onsite making it part of the business. While illegal on land, his money is much safer as an asset of his restaurant which can be secured through his cheap business practices such as hiring two adult men at minimum wage, no free refills, and even requiring employees to do free labor. Technically though, it seems the sea is under At-will employment so if Squidward or SpongeBob didn't like working for him they could always quit and work for Plankton for better pay and benefits. So I guess Krabs is doing something right for such loyal employees, consumer base and profitable margins.

[@potatoheadpokemario1931]

@@kimmiewise1044 well yeah, Plankton can't afford to pay them better

[@kimmiewise1044]

@@potatoheadpokemario1931 He can afford the electricity to keep on his AI wife on top of keeping the real estate across from the successful Krusty Krab and parts for his various inventions in his various attempts to steal the secret formula to the point of making an alternative reality transporter. On top of the fact he is ridiculously smart and likely has some other means of income other than the failing restaurant which is likely a tax shelter for him if anything.

[@potatoheadpokemario1931]

@@kimmiewise1044 or maybe getting computer parts is really cheap in bikini bottom? just slitting out ideas here

[@Gottaculat]

This is why you invest in ammunition: It's more fun to comply with the feds when they demand you turn over your assets.

[@TnD_BigJax]

This right here "Oh, you want my money? I converted it to lead, here you go"

[@brycelindley5210]

Hollowpoints for the hordes. Lead for the fed. Greentips for the bluehats. Silver for the supernatural. Stay frosty folks.

[@Reubentheimitator6572]

Huh. I didn't think about this. Thank you for typing it.

[@simonnachreiner8380]

It also holds its value better. Pretty soon a few boxes of 9mm will pay for a mortgage in full.

[@bumbleybumbleton9382]

How to survive the apocalypse; DIY.

[@ChillstoneBlakeBlast]

How to Actually survive; Do everything opposing what the givernment shouts out for you

[@SweatyFatGuy]

@@ChillstoneBlakeBlast its not a binary, doing the opposite isn't often the best course of action... particularly when you don't really know what the opposite is. Its like changing religions and thinking its the opposite of the one you had, its usually still the same thing but with different words and a few other differences.

[@noskalborg723]

Jest like Ezra Taft Benson said.

[@brianjohnson5272]

How to survive this, 1. Multiple banks, multiple accounts not to exceed 250000 usd. 2. Being connected to the government as the FDIC will sure as hell pay the full balance of a DNC candidate even grossly exceeding the 25000 usd limits. 3. Being heavily enough armed that most government agencies will "nope" out rather than accost your person, this can be yourself or heavily armed ex US military contractors. 4. Be faster than anyone else removing your assets from banks as the longer YOU wait the LESS you'll get back! 5. Holding the bank officers accountable and putting them in IRL prison for the investigation and trial as to a one has a seed egg of MILLIONS of USD stashed so WHEN this popped they could leave the US in STYLE! 6. Doggedly hound the escapees across mational borders forcing them to move often and burn up nest eggs faster than they can accrue in hidden accounts. If you wanna survive this, GTFO out of banks NOW and get good security because this might snowball into other banks closing down in rapid succession.

[@haludan111]

Have a crap ton of chickens.

[@jessicaSmash]

A pandemic of financial irresponsibility Ha!

[@David-qi1ys]

"what if there's a fire?" "you think a fire is MORE likely than a bank failure?" "... ... Ah, crap."

[@richterman3962]

The funny thing, the FRC chairman has absolutely no idea what happening. She's over 90

[@theyodaiam6964]

One of many diversity hires….🤡

[@badradish2116]

she knows /exactly/ whats happening.

[@TheAnnoyingBoss]

​@@badradish2116 biden regime cant even tell what gender it is

[@robertkubrick3738]

Gellin like a felon Yellen works for Joey B now as advisor.

[@justicedunham4088]

Not the gator’s college fund!!!!

[@Cracklin]

If a bank collapses, it’s best to be in a bathtub or in a central room without windows.

[@thesaltiestnugget]

No no that’s the safety plan for when your money is getting blown away, in a collapse you want to get outdoors away from all buildings and institutions 😅

[@S_Roach]

@@thesaltiestnugget I'd argue that in a collapse, the best place to be is underground, with stored food and water, and stay inside for a few weeks until the dust has had time to settle.

[@375Cheytac]

Keep 25% up to $15k in cash, 33% up to $20k in the bank (PER HOUSEHOLD MEMBER) and put the rest into investments. Also have (ideally) at least $30k in hard assets. If you can’t financially survive whatever happens on that amount of money, well, I don’t think anyone else around you is going to be surviving either. And pay off your dumb debts - anything with interest above 5% besides your mortgage should be an absolute priority once you have an emergency fund built up.

[@modakkagitplugga]

That ending where the 5th ammendment no longer exists is too accurate

[@gliscaradu1424]

Damn, they got florida man

[@lordseelenfresserdemonking1168]

Then he needs Texas man to save the day with big iron on him hip

[@XericSol]

I LOVE this channel! Takes complicated concepts and makes them easy to understand. Should have re-recorded the audio at 2:01 though for those of us who don't hear at auctioneer speeds.

[@malumnexus7919]

6 nations have abandoned the USD. Make a video on that.

[@CommonSenseSoapbox]

We're leading up to a conversation about the Federal Reserve.

[@FallenEvaneskyro07]

@@CommonSenseSoapbox How about on the History on how America lost the gold standard and eventualy the Fed took over and who was in charge

[@robfarrell9104]

As if you need any more information on how well the dollar is doing, a lot of physical gold outlets are ramping up the minimum purchasing amount due to the sheer volume of buyers.

[@S_Roach]

To me, that signals that I should not be one of them.

[@robfarrell9104]

@SkyDemonAirPirates given the options of keeping the cash in the saving account to be ate up by inflation in a matter of months or investing in something that will retain more value the options are less than ideal.

[@S_Roach]

@skydemonairpirates And at a set price, too.

[@grovercleavland2698]

Please tell me you guys are going to talk about the student loan bubble in your next video.

[@Kio_Kurashi]

I feel like they already have, though it certainly doesn't mean they can't do so again.

[@grovercleavland2698]

@@Kio_Kurashi well they have talked about student loans before. But I don’t think they have discussed the bubble.

[@Brandonhayhew]

This whole situations will only get worse. Get ready in advance just in case

[@lonekirin905]

Think of the gator, people. Think of the gator

[@TarsonTalon]

Society when humans lose their livelihoods for circumstances beyond their control: "I sleep." Society when cartoon crocodile loses their college fund: "REAL SHYT!"

[@Snakedude4life]

Don’t put your money in woke banks. 🎩 🐍 no step on Snek! 🇺🇸🇭🇰

[@bootywarrior69420]

Already have a master plan for that

[@SweatyFatGuy]

They are working on making cash worthless to force us into using their easily controlled digidumber that they can turn off if they don't like us, and we cannot save any of it, since it expires.

[@stevenschnepp576]

I find I don't have to worry about that problem very much since Biden took office. It's because I don't have money anymore. I am now poor.

[@arandomfox999]

Looking like shiny metals are pretty decent, you can also use them to prop-up crooked furniture. Extremely useful.

[@dragonkeeper1990]

You need to do another one about the dangers of the new cbdc the reserve is rolling out

[@Rdzz4000]

I don't think I'd ever describe treasury bonds as a massive risk. That's what makes this scarier.

[@aliasjones6381]

Actually... With CPI officially at 5% and 10 year yields being 3.6% ish, they are guaranteed loss. Return free risk.

[@chadharger9323]

Bonds aren't supposed to be that risky. They're supposed to be safe long term investments unlike stocks which sre fast right now investments.

[@Zoten001]

Video title: How to Survive a Bank Collapse Me: * watches video * My conclusion: So, you don't.

[@moldyshishkabob]

It's okay, Florida Man. Yer gator's too good fer college

[@mrow7598]

I see a civil asset forfeiture video coming next.

[@RoronoaZorosHaki]

those treasury bonds were supposed to be super low risk. the problem occurred when a super rich guy started a rumor that SVB had a liquidity issue. In order to get more liquidity, they had to sell the treasury bonds, but since the rates have increased, the super safe bonds are now worth less on the market. They would have to take a loss on the bonds just to get some liquidity.

[@MineCartable]

Evidently they weren't as low of a risk as just having liquid cash. They put all their money in an investment that would lose value if interest rates rose, and didn't hedge their bets for that properly. In this scenario I wouldn't say it was a rumor as much as it was someone informing people on the amount they could to lose on their super safe investments. Sure there are scenarios where it's not an issue, but in this case people chose not to risk holding an empty bag.

[@joshuaewalker]

But, how do I survive a bank collapse? The answer to this question is why I clicked on the video. Now I'm still uninformed and even more scared.

[@TarsonTalon]

You throw away everything you knew as an individual and embrace the monster you were told previously not to be, because they themselves are monsters.

[@thesaltiestnugget]

Go get yourself a gator.

[@ChristnThms]

I don't think money is going to be a solution, on its own. Barter of both hard goods and skilled services is the core of an economy. When the scorecards all go blank (money and banking systems), those goods and services retain their value.

[@charleshill1906]

It's why I don't invest in gold but rather in things like alcohol or the ability to create food and alcohol. People who think that just because they have gold they're safe from inflation or economic collapse don't realize that gold doesn't actually serve a purpose and in desperate times people want things that have value through their utility. A farmer, in total collapse, is a king among men while the guy with all the gold is a guy will a bunch of useless shiny bullshit who has to con people into taking it off his hands.

[@AwanamaIsHere]

@@charleshill1906 besides brewing, what other skills you recommend?

[@charleshill1906]

@@AwanamaIsHere farming in general. The ability to produce food out weigh's everything else. Specifically protein. So I would recommend chicken's or ducks for eggs at the very minimum. Bee keeping is also an option as honey has some medicinal properties, the wax can be turned into candles, and you can always make mead very simply. An old trade skill like carpentry, blacksmithing, or similar with the tools necessary. This way you can turn trash into treasure or other useful things that people will eventually need. In the case of blacksmithing, tools/weapons. In the case of carpentry, furniture/shelter. Wood glue would be something to invest in just to have a stockpile since it's so effective in creative woodworking. Independent ability to generate power off the grid. This could be solar, wind or even just a wood fired electrical generator or water wheel. Charcoal production capabilities for water filtration and fuel would also be helpful.

[@AwanamaIsHere]

@@charleshill1906 speaking of stockpiling, what items are also worth storing too after wood glue? Are cigars great?

[@robertkubrick3738]

@@charleshill1906 The farmer is king until the entire south side of chitcago descends on his farm hungry.

[@dreamwolf7302]

i mean, given that gators could live to be over 100 years old, if left alone, Gator might live long enough to pay them off.

[@SamlSchulze1104]

It's always the last punch you gotta watch out for.

[@TheInlander420]

Florida Man is the best pet owner ever, giving his Gator a fuggin Temperpedic bed

[@sqocks8254]

Poor Gator, he was sleeping so well.

[@masonpyle5929]

Florida man is like Mr. Krabs having money under his mattress.

[@moosemcgillicuddy7585]

Agent 87,000! 🤣🤣🤣🤣🤣 And yeah, we're doomed!

[@mbag8767]

Credit Suisse did all the hedging they could but still went belly up... **cough** **cough**

[@chadharger9323]

Mattresses. . .PFFFT! Mason jars and the backyard are the way to go.

[@MrThndrkiss75]

No banking, no borrowing, pay cash until the dollar collapse (them pay in eggs and skills). I haven't banked in 30 years. Feels good to be that far ahead of the curve.

[@BoyKagome]

"It's a ballot in development."

[@BirdTho]

I didn't understand it

[@Neuman357]

Love how Ben Bernanke is still the fed chair in this video.

[@runecowman]

Oh no, now Gator is going to be forced to be a wage slave in order to pay off their student loans! Oh the Gat-manity!!

[@societyofrobots]

Get out of the US dollar and put your savings into non-fiat assets. Preferably assets that are very difficult to tax. Have multiple bank accounts, in case one fails. Any savings with a high interest rate is suspicious. Diversify. Verify your bank isn't woke, or funds Democrat candidates.

[@europa5068]

Wokeness cant be cured a employee will always make the company woke its really ashame cause there is no way to weed them out till they fuck up your company

[@palehorseman8386]

Credit Unions not banks

[@kilbymorgan8626]

How the hell can a bank be Woke?

[@spartanonxy]

@@kilbymorgan8626 Look into who was hired by the bank especially in top positions. Not just what they look like but their public background.

[@societyofrobots]

@@palehorseman8386 Credit Unions are often corrupt and often Democrat controlled.

[@coreyayers8575]

I love ur Florida man speels im from Orlando

[@TarsonTalon]

Those who live by the sword, die by the sword, but at least they don't starve to death.

[@reubenoakley5887]

That sequel bait at the end 😩👌

[@Bobsheaux]

So... HOW do we survive a bank collapse? I didn't catch a word of this...

[@TarsonTalon]

That's the neat part: You don't. Or at least, your standard of living doesn't.

[@philobetto1224]

In real life, the agent would have, well ya know. Really clumsy guy fell on those fishing poles all by himself. 🤷‍♂️

[@GerSanRiv]

I'm not American but this was a good video for the basic economics of the current situation. That poor alligator's collage fund.

[@cherubin7th]

This is why good Christians use Credit Unions or Cooperative Banks, and not Usury Banks. Also get Monero.

[@BasementBerean]

This Christian uses his stock broker. Brokers don't do fractional reserve lending. They're not banks.

[@markdorn8873]

Just how did the IRS agent take anything away from the gator without "becoming a deposit" instead?

[@videakias3000]

you should change the title to "why the banks collapsed". this video is not telling us anything on how to survive a bank collapse.

[@ordinaryhuman5645]

Uh, did you see the mattresses? Just keep it a secret from the IRS.

[@BasementBerean]

I missed the part that tells me how to survive.

[@robertkubrick3738]

The mattress but don't tell anyone, that was Fla man's mistake. Tried to become his own bank and popped up on the radar.

[@benjaminchristman2712]

It was wild and still is

[@benfarrar741]

You should do a video about what would likely happen if the U.S. debt were to rise too high. I know something bad would happen, but I have trouble wrapping my mind around what that would be.

[@robertkubrick3738]

Think Zimbabwe.

[@margibso]

1:00 Buying Federal Bonds is usually the most conservative thing a bank can invest in. You make it sound like they were doing something super reckless for potential profits. Federal Bonds pay out almost nothing. They were too conservative in their investing, likely because they were already on shaky financial ground.

[@petelee2477]

Investing is no different than gambling most of the time. If you think different than point me in the direction of a 100% risk free investment.

[@mackenzie305]

Investing in a fireproof safe is important, though

[@undoubtedcrow8010]

Florida man is going to get the IRS back so bad...

[@kishin901]

Best thing is investing in physical assets

[@1manwalkingfreakshow]

Florida Man should have diversified and looked into coffee cans, cookie jars and frozen pizza boxes.

[@jonsmitt9769]

There are 3 levels of emergency savings. 1) savings in bank enough to pay 6 months worth of bills 2) physical gold & silver, it holds its value 3) beans & bullets, shtf and currency has devolved to exchanging actual resources, if you can’t find a buyer, you can store it until you use it yourself

[@that1guy487]

I've been a subscriber since I first heard you on Tom woods many years ago. How am I learning about this channel just now?

[@JoesWebPresence]

I just lost all respect for Florida man. Cash? In matresses? The REAL Florida man would have bullion. He wouldn't tell his friends NOTHIN' and the IRS wouldn't even know where he lived! Who IS this imposter?

[@TarsonTalon]

Florida man just isn't comparable to Tali-man.

[@TheAzureNightmare]

Hey, you forgot the part where the IRS Agent laughed his ass off and started talking ghetto after he drove away.

[@AtarahDerek]

Tell the gator to use Skill Share or go to trade school. Unless he wants to be a doctor or a lawyer, he doesn't need college.

[@ningunoningunos3044]

They took Gator's college funds??!! They crossed the line!

[@LucidTyrant]

I'm surprised this didn't in a Civil Asset Forfeiture punchline.

[@SolzhenitsynBoogie]

Shimcast needs you, you beautiful potato 🥔 ☘️ ❤️

[@zaknelthepony7124]

I think that they did not actually mean to just have liquid cash, and they actually meant assets like gold and jewelry, or stocks and cryptos.

[@PersonaAmericana]

Next time, we learn about the evils of the IRS

[@JohnDoe-nq4du]

I'm weathering the bank collapse pretty well, just by not having any money in the first place.

[@ThinWhiteAxe]

The gator should do an apprenticeship instead

[@uspittbullbreader]

Had to play 10 times to hear what the irs agent said :-)

[@RealJohnnyDingo]

what did he say? subtitles didn't seem right 🤔

[@uspittbullbreader]

To bail out the banks. Somebody posted it below me I read and laughe hard.

[@Jamesmatise]

They took that gator's college fund! Guess it's time to apply for Gator Aid.

[@facelessman9224]

Another bank just collapsed today. This is going to get bad.

[@ColinTherac117]

With the reality of civil asset forfeiture, the last bit really hurts.

[@helwrecht1637]

This is why other countries regulate their banks

[@stupidanon5941]

Glass-Steagal wouldn't have stopped this.

[@TarsonTalon]

Doesn't matter, because they use the US currency as their reserve, so regulation or not they still fail.

[@robertkubrick3738]

Deutch bank has been on the verge of collapse for over 15 years, most corporate depositors get Negative insterest or the bank would crash and take All of europe with it.

[@GaryWinstonBrown]

These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth.

[@MichealTanner141]

The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Gregory Thomas Patchak.

[@AdelinaLanoszka1299]

Gregory Thomas Patchak is a very knowledgeable person. I've known him for years, and reading through his qualifications, educational background, and resume is always impressive.

[@GaryWinstonBrown]

Search his full name online you will find his webpage,drop a msg

[@Bradleyschaeffer376]

Sir Gregory Thomas Patchak is great at his skill for a while now he has been my advisor and I make good profits weekly

[@NeverSuspects]

You could also just produce something of value needed in the world to do things rather then generating an income doing nothing but having ownership of something and then using that income to sit around and kill time consuming stuff made by operations that make useful needed things in what they actually provide to you. Investing is good but investing shouldn't earn you billionaire living status because you allowed someone to use your resources that you didn't use and generate via your efforts directly and never intended to do anything in the world with to produce anything of value with wealth your created. I mean if your rich from being a owner/investor and not doing anything else and out clubbing or sitting around in a big climate controlled home drinking and driving around in your million dollar sports car then you are more of a parasite in terms of human contribution to the world and did nothing but consume wastefully in excess of what you provided in the world meaning total wealth growth by your actual efforts is negative and someone who was productive is making up for your physical actions relative to consumption in the world in excess so that total wealth grows when useless investment millionaire types sitting around in high value resources that vastly exceed the value they provide back to a market by direct contributed value generated with their own hands exist and act as if what they are doing is smart when if everyone actually did what they do there would be 0 capital and nothing getting done and zero investors able to survive doing nothing of practical value useful for human survival. I mean you better be doing something with your life other then talking about how you invested in some crap someone else did and waited around for them to make money with that so they pay you back more then what you gave them or even worse investors that play on and manipulate those actually making efforts to provide something useful in the world failing and earning profits via trades on those working to do real things failing while themselves still never doing anything. If you have a million dollars to invest find that idea and support it with the million bucks and actually work making that million bucks achieve the objective don't just hand over some paper numbers and wait for them to give you back more then you gave for a year while you do nothing useful and spend money you got passively like a fucking lord or king who gets paid to exist and even pays people to actually do all the crap related to management of owned passive income sources so you do nothing at all and get a check. You better at least have a hobby garden and donate to some local food banks with all that undeserved allotted resources that are greater then what you give back to the world in action. Unless your investment is from 40 years of setting aside every months pay 500 bucks as you were digging trenches to lay down new water lines to replace the lead lined ones as near cost to do the work and live by charged to the public and not those who do these jobs and lay down more lead pipe at rates 10x what a private non government contracted contractor would do in half the time and without asking for more funds a dozen times every year 12 years after original negotiated completion date. Investors aren't impressive and don't provide anything unless they invested in a raw resources they extracted and refined and provided to those who needed it to generate something greater in value to the world by buying the tools they used and helped other assist you with in creating the product, currency and stock isn't doing anything, it's demanding others do and you allow them to do with resources you haven't used and may not have earned on your own capacity and well maybe possible earnings shouldn't be capped but personal consumption on many types of things be capped based on your provided direct work value and not qualifying anything you can script or automate chatgpt to do such as stock micro transactions trades that are a bs shit show gamble hall tossing around money many give a little to while the big players go on the news and say something to manipulate that value and make them take the pie while everyone else looses a few bucks and they put out some numbers while lobby the politicians and writing the regulations on their own operations giving themselves a billion dollars for speaking on tv in a gamafied way with the intent of collecting more points from what they do then the rest of the players while doing nothing in the real world worth anything and likely screwing over many who gave a little of what they had on the side while they work everyday trying to get ahead while these same finance people fuck them over and over and over sitting in their wall street towers being the parasites and consuming the goods and services provided by actual peoples direct efforts in the world undeserving. Investors are sending our local economy over seas and offshoring every skill that is valued away from us to make themselves somewhat riches while the city they live in falls apart and they do so while providing no effort to create any product or services to anyone they know directly and spend a lot on luxury items they consume all while massively taking in the good things in the world 1000 times in excess of what they give to the market. It's a bit scummy and even 401k and retirement funding is attacking the nation collectively via large INVESTMENT firms in control of the assets that belong to you that the government told you you were too stupid to manage to save for retirement so they had to hold it for you call it ss and have it sit around in collected funds they spend as they get it and don't care if you ever get any back and you can't even access if your reallly really needed that funding to buy your groceries or fix your car that broke down when you just misplaces your mattress of cash that lost 10% of its worth every year compounding because of inflation and you can't afford a home because investment firms are buying all the properties with your government held savings and ordering trans people to be prancing around half naked like it normal in front of your kids on beer ads. My ideal billionaire made a billion light bulbs and gave light to a billion people and did so in a way that everyone involved made a positive change from the trade, they aren't the ones who got some money and then allowed the lightbulbs to be made by those they choose and slander any efforts to make something better or something that might drop the sales of the lightbulbs you have made by slaves in china that are designed at a slightly higher cost to produce using a part that fails sooner so you sell more faster and don't care about the objective practical productivity and efficiency in the world only your own ability to miser tickets for things you can get from the world in any way you can without concern of the effect on anyone. Anyway passive income is a parasites greedy taking of capital to spend on luxuries while not even building a single improvement on the conditions of the world by direct action themselves, I just feel that a tradesmen provides so much more then any investor does to real effect on peoples lives while investors get a million bucks to sit around drinking at bars bragging about making money while the contractors gets 50-100 bucks an hour dealing with hazards and sweating and learning about everything we have that actually matters to our standard of modern living because they make the rooms warm and cold and the water and gas flow and the gates and doors open and close smoothly and the lighting work and the hospitals open and the roads clear and investors tell someone to change some numbers around and then get back to getting drunk and bragging about how great they are at making money with money handing money around and nothing else while yelling at the guy installing his new heated tile shower floor at his 3 vacation home he has the AC on all year but only spend a weekend a year at.

[@morganoox3838]

Yes exactly.

[@poltergiest4]

What did the FBI agent say was the reason? I literally can't understand it.

[@MrDj232]

To bail out the failed banks.

[@poltergiest4]

@@MrDj232 thank you

[@jasonwojcik]

Not a bad idea to invest in bullets again....useful when the economy blows up and useful on bad actors 😂

[@charleshill1906]

We're going to be in full blown war with Russia by the next election. If you thought bullets were hard to get now it's going to be literally impossible because our stupid fucking government is pissing away all of the military buildup made by Trump, to Ukraine so they can profit off of the black market sale of all that equipment. Ukrainian soldiers are report severe ammunition shortages and massive casualties daily. Russia is mopping the floor with that corrupt ass country and the powers that shouldn't be keep pouring our tax dollars into it.

[@renamon1983]

Another thing that needs to stop ASAP. Civil Asset Forfeiture

[@stevenschnepp576]

It's even easier if you don't have money to begin with!

[@dillonrichard2541]

well... That was depressing.

[@thinkersonly1]

Thats the story they tell to people, the "narrative" the "explanation". In truth they know the news up front, i am a day trader, its more complex than that. They knew about the interest rate etc, they look at the charts, it was time to cash up, and they did. When you take the money off that much of it, market goes down, their money influences the market. After they took the cash out for themselves they can ask for bailout, and it was a second plan, the implementation of cdsc. When something big happens, its because there is a bigger plan , and that situation is just a step to get there. Right after the svb couldnt give money out for the employees, the article said they want to give them in cdsc. Its not a conspiracy theory when people see the facts and gather info, they like to call everyone conspiracy theorists when you are catching up with them . This was a pebble of the actual story, i had to keep it short. :)

[@robertkubrick3738]

Nice bonuses and pay raises before the collapse too.

[@redhawks0526]

I'm still really confused on how or why the irs agent was able to take all of florida man's cash filled mattresses??? From all the details I got, he some how bought a bunch of mattresses, or came into a bunch of mattresses (I was under the assumption through legal means), and just filled them all with his own cash savings. How did the irs agent legally just come into his place and seize all the his cash that wasn't able to be deposited into any of the banks. Please explain it to me like I was a 5 year old.

[@martinlaak]

I like the gator!

[@antitheist3206]

Poor Gator lost his college fund

[@shioq.]

"during COVID" you mean DURING THE LOCKDOWNS.

[@CaveFreediving]

Money is useless when the stores are empty. Store resources first, money second

[@louiseckstark31]

love that gator had a college fund

[@benchristenson2280]

"Massive Risk"? federal bonds were suppose to be some of the safest investments. I don't think this video really covers what the problem was. Although how the SVB didn't see inflation coming is beyond me.

[@Heavenlyhounds96]

Because, like any avg greedy corporation, they focus on the now and yesterday, and don't concern themselves with even tomorrow. Nor make accurate predictions, obviously.

[@Silverlined_69]

Maybe getting rid of a "risk assessment manager" didn't help.