This Globally Systemic Bank Just Went Into Crisis Mode (Derivatives)

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[@GeorgeGammon]

CORRECTION: I misread the unemployment chart (went back more than 12 months.) Unemployment low was not 3.4% in the last 12 months it was 3.5%. So delta is now .5% NOT .6%, Sahm rule will still be triggered if we have a few more months at or above 4%. Thx for watching!

[@victorfontaine4943]

It doesn’t even matter. Those Wall Street monkeys just push buttons and get paid. Read my other comment on this video. “THE END IS HERE.”

[@yuppystick]

Fkn legend. Thanks!

[@delmaregals]

Stock market still rallying though.

[@RogerKeulen]

Crisis mode ? Where did you read that ? Bloomberg ?

[@DereckDotCom]

It's okay... now that the school year has ended the numbers already changed.

[@Peterl4290]

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.

[@Mrshuster]

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.

[@sabastinenoah]

I have learned to not 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, and I'm never going back to banks full time.

[@larrypaul-cw9nk]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@sabastinenoah]

Annette Christine Conte is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...

[@larrypaul-cw9nk]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@shellylofgren]

This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.

[@Robert_Seaman]

In my opinion, some of these banks were attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.

[@donna_martins]

I have learned to not 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, and I'm never going back to banks full time.

[@Trevor_Morrow_LTD]

I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?

[@donna_martins]

Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@Trevor_Morrow_LTD]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@RaymondKeen.]

Bank failures are likely to continue increasing due to rising interest rates, as it causes their commercial paper and treasuries to become devalued. To prevent a severe economic downturn, it is necessary to implement a freeze on interest rates. Simultaneously, the White House should support the industry in boosting gas and oil production to lower fuel prices. The anti-oil stance only contributes to higher energy costs, leading to inflation throughout the economy. By reducing interest rates, tightening the money supply, cutting government expenditures, and increasing the availability of affordable fuel, inflation will decrease, and the economy will thrive. Unfortunately, various conflicting agendas make it unlikely for all these measures to be implemented, resulting in a recession and persistent inflation.

[@ScottKindle-bk3hx]

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

[@bernadofelix]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@SandraDave.]

Please can you leave the info of your investment advisor here? I’m in dire need for one

[@bernadofelix]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@HectorWhitney]

Thank you for the guidance. It was straightforward to locate your contact. She appears highly skilled and adaptable. I have scheduled a call session with her.

[@DavidCovington-st2id]

First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?

[@tmer831]

Given the current market situation and the precarious state of the economy, I would recommend refraining from investing in stocks for a while or, alternatively, seeking guidance from a financial advisor. However, keeping a portion of your wealth in gold remains a wise choice.

[@SeanTalkoff]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.

[@mikey43221]

That’s impressive! I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can i reach this advisor?

[@SeanTalkoff]

Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.

[@mikey43221]

Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.

[@DonaldMark-ne7se]

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

[@kevinmarten]

If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.

[@Jamessmith-12]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

[@JacquelinePerrira]

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

[@Jamessmith-12]

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

[@JacquelinePerrira]

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks

[@tonysilke]

So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.

[@Dannyholt33]

Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

[@PhilipDunk]

I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.

[@PatrickLloyd-]

Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

[@PhilipDunk]

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

[@PatrickLloyd-]

She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.

[@darnellcapriccioso]

Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.

[@tatianastarcic]

ideally, you should consider financial planning to get the best results with your money, notwithstanding economy situation

[@richardhudson1243]

Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.

[@oliviaHill-w4e]

that's incredible! would you mind if I vet your advisor please?

[@richardhudson1243]

Credits to ‘Annette Marie Holt’ she has a web presence, so you can simply

[@AdamGreene222]

@@richardhudson1243 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@kortyEdna825]

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with these banks is only the beginning of what will happen if nothing is done to address the current situation.

[@brucemichelle5689.]

In my opinion, some of the banks was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.

[@Justinmeyer1000]

Despite the economy's resilience thus far, the banks scenario cautions that the effects of Federal Reserve rate hikes persist. During such periods, investors must remain alert to anticipate what comes next. It is not necessary to act on every prediction, so I recommend seeking the guidance of a financial advisor, which has been my go-to advice for some time now.

[@foden700]

I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?

[@Justinmeyer1000]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@foden700]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@angeladeem2988]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@LaurenFeller-dd7uf]

I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@NatalieFormor]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

[@NatalieFormor]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@jakbo_]

What's hilarious is they pay their debt with credit but they won't allow you to pay your car loan with a credit card😂

[@Retiredjournalist88]

As serious as this appears... comparable to the Great Depression......I don't think anything will be HILARIOUS..

[@justincase3108]

@@Retiredjournalist88correct, all laughing will transition to crying, literally!!!

[@djlyve]

Ain’t that the damn truth

[@jakbo_]

@justincase3108 those that have been preparing will be laughing

[@shadowbanned4days]

SCAM WORLD

[@END-THE-FED]

The derivatives market is what’s propping up the entire house of cards

[@daveofyorkshire301]

Derivatives don't actually exist, it's just a legalised gambling market. The problem will start when they realise it's actually just betting on outcomes not actually an asset of innate value.

[@dcfpress]

One can bet there is another AIG or two (or three) waiting to explode. Like this time, it will be $1 trillion in derivatives losses from a single entity. Last time it was $180 Billion the Govt put in... to keep the Roulette wheel spinning. When are the Russians gonna stop the roulette game? 🤣🤣🤣🤣🤣🤣😎😎

[@jimshoe402]

@@dcfpress YES I was going to say 2008 ?? Won then and will win now T-Bills no debts.............

[@dickgrayson4325]

​@daveofyorkshire301 Who is they? Anyone who trades derivatives knows this, but who is this they?

[@A_francis]

Banks failing one by one could send shockwaves through global stock markets. That's why I'm curious if there's any potential in the stock market for me. I'm aiming for an estimate of $3M for retirement.

[@judynewsom1902]

The current market is the right opportunity to rebalance your portfolio to achieve your financial goal thanks to volatility. but then to properly diverify your investments I suggest you consult an advisor

[@benitabussell5053]

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.

[@A_francis]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@benitabussell5053]

*Sharon Lynne Hart* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@HarrisRyan-oy8eo]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@Heather53466]

Thank you for providing high-quality programming. Your description of the current situation, with investors fleeing to the safety of the US stock market and dollar to prevent a crash, is accurate. However, this "melt UP" phase will eventually end, and the global economy will crash, causing US markets to crash even harder due to the high levels of debt. This will be followed by a "Default Phase" with many massive bankruptcies, and finally "Asset Seizures," where banks and the government will declare a national emergency to justify debiting people's accounts. The legislation for such actions is already in place. My advice to those feeling the heat of inflation is to trade long-term more than ever. < I've made over 750k from day trading with Whitney Eston in just a few weeks. This is one of the best ways to protect your assets in case of a bearish market.

[@blamemando428]

I heard her strategies are really good, How do I reach your Coach/mentor.

[@Heather53466]

Whitney Eston's expertise is widely recognized across the internet.

[@AntonioMaurer503]

Diversifying your investment portfolio is crucial for managing risks effectively, especially in uncertain times.

[@Phillipp-t1z]

The key to financiaI stability is having the right investment suggestions for a diverse portfoIio. Many investment failures and losses happen when you invest without proper guidance.

[@SawaEfimov]

Building a good investment portfolio is more complex so I would recommend you seek Whitney support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.

[@condeerogers5858]

I would call these banks, bad managed casinos.

[@thomaswright1057]

Well they were told that if they win the gamble they keep the winning, and if they lose they get bail out. So win win. To to mention your bad loans essentially creation of money

[@Ambassador_Gkar]

Except casinos are more honest, in their dealings, with the general public.

[@liberty-matrix]

"There's one overriding fact. The entire financial system of the Western world is in private unelected unaccountable hands, the hands of people who meet in absolute secrecy. The Bank for International Settlements (BIS) every four to six weeks has a meeting of the top governors of the banks, and they meet in absolute secrecy. And they have the big banking families and so forth, they all meet up. The 'minutes' are never made available and they decide on the money creation and the money supply of the world. But none of us are allowed to know anything about it." ~Justin Walker, 03/20/2023

[@joepotter6648]

That's probably whi handed down operation warp speed to the lower level puppets around the plane-net

[@TimHehe]

Guess it’s not absolute secrecy then, is it?

[@DreamsOfBullRuns]

@@TimHeheexactly 😂

[@JijahMusic]

who's justin walker? couldn't find him on google

[@josho6038]

How does that work if the people bank run them?

[@mutantryeff]

A debt-based economy is just a variation of a Ponzi Scheme. New debt pays for old debt, and it takes more and more debt to sustain the economy.

[@petroffnik]

Bingo

[@zGoodMan187z]

Theworld is run by debt. This is why they hate me. I have never had debt. I live in my means and have never owned a credit card and never will. Cash is King as the old saying goes.

[@mutantryeff]

@@zGoodMan187z I guess you don't realize that the US dollar is a debt instrument.

[@romarsit1795]

if you don't use debt, does not mean the debt uses you . green pieces of paper are debt. also not a bad idea to give debt and depreciate it through inflation. hyper depreciating debt is the best. finally, remember debt is tax free money.

[@jcgoogle1808]

@@zGoodMan187z There's good debt and bad debt. If you don't use good debt,.. then you must be relatively poor. Congrats on the not using debt thing.

[@brandonbaker5884]

I just rewatched The Big Short. This isn't going to end well.

[@lilblackduc7312]

Those of us who know history are doomed to watch those around us repeat it...

[@clintcowan9424]

Yep watched that and Margin Call recently. Yep

[@erickanter]

Great movie.

[@Ambassador_Gkar]

*_BOOM!_*

[@tobyk5149]

@@lilblackduc7312lol

[@habyalexandru2265]

Get currency out of the banks Buy gold and silver

[@skylabx2000]

Where do you plan to keep it? Eventually we go back to the old days, physically protecting what we own, personally.

[@Mr.Cheeseburger24]

And where is your gold stored? In a bank? Your home? 🤣🤣🤣

[@dc4632]

If you think the internet won’t be here in the future then yeah buy physical gold and silver maybe we’re going back to the Wild West days lol

[@metricdeep8856]

It's not falling apart yet. They make the rules and the money....they have time to massage the system. Don't expect the hierarchy to just hand in a resignation. C'mon George. ...You're clearly smarter than that. Ever played Monopoly with someone who didn't want you to leave the game despite you being bankrupt? They gave you money to stay in the game.....but it all went back to them because they already dominated....and it was unwinnable....because most or all of your money went back to them no matter what you did. Right?

[@fatfatthewaterrat5010]

George is a doom peddler. It sells better than honest market analysis and observation

[@ScottRachelson777]

@@fatfatthewaterrat5010 It's no easy task to predict the exact moment the system unwinds, but it's easy to know it will. It's better to prepare for the worst than have the worst happen and not be prepared. The smart money, I assure you, is ahead of the dumb money and has prepared for total collapse long before the anticipated EVENT begins to unravel.

[@justincase3108]

Agreed. Did you watch the last minute of his video? That is precisely what he described. They simply leverage it out farther, kick the can until they run out of street!

[@NoOneToNoOne89]

Never take advice from someone that uses “…” in place of correct punctuation. Communication is vital for properly understanding information. If you can’t get the basics, why believe that you understand anything far more complicated?

[@metricdeep8856]

@@fatfatthewaterrat5010 Agreed. Silver and Gold peddlers alike. Every human gears their words to their beliefs. I'm quite sure our fiat system is very shaky....but the ones who really suffer are the ones who collect our money....not the ones who spend it. Our debt is status to the hierarchy and statement of wealth to flaunt with their contemporaries. Don't discount being the worker bee....if they lose enough of them...they lose the hive. Yes you are a number...but at some per-determined statistic.....you are invaluable to them. It's best to not be there...but you are needed ...for their survival. Manage yourself accordingly. Get out as you can.

[@labandonaldhock80]

He is by far not the only one crying panic over this today. A hiccup in the derivatives system will cause the biggest crash you could imagine. A 63 billion $ dump is currently void of liquidity. If you folks would listen you could learn something.

[@lilblackduc7312]

That certainly IS a helluva-lot of cash...💰💰💰

[@janicematthews4719]

Not when you got a money printer backing you though . Money is just a button you can push as we have found out

[@Litterbaux]

@@janicematthews4719 Not only that but 63 billion is a drop in the bucket of the money we spend and print. This won't matter at all.

[@pauldichtel6410]

Those drops in the buckets add up, and this could spread to other banks.

[@END-THE-FED]

The traditional financial system along with all of its counterfeit currencies is toast.

[@OrlandoStreets]

As I've said for years; it's a shell game.

[@williammcdowell3718]

47 trillion is derivatives in banks... crash is gonna happen one day.

[@JM-vp8zc]

I just did some quick math: that’s a stack of $100 bills 31,897 MILES high, over 1/8 the distance to the Moon.

[@josho6038]

Imagine if just the 1T were withdrawn from banks....they won't let it crash as long as people leave their balances in the banks...that was the importance of Glass Steagall

[@MrNorm-lr5iv]

So “Slick Rick” IS the Derivatives Swap Bank!😳🤣

[@happyday8691]

Not a matter of if it will happen, just a matter of when the market goes down.

[@jakbo_]

They'll do anything to keep it alive until their guy wins the election

[@HermanWillems]

And then back up again. And everybody knows that. So it won't go down much.

[@hejartahir1682]

You are right but the music will stop when noone wants to hold usd. And thay they will come ​@@HermanWillems

[@dc4632]

@@HermanWillemsno we’re in a fiat apocalypse

[@HermanWillems]

@@dc4632 mehhh i dont believe that. Contant doom speaking nothing happened in your and my life.

[@zdrux]

"This is an over-simplified diagram.." Proceeds to show nuclear power plant schematics :)

[@craigbrison4241]

It's a shit show... 🤣🤣

[@jwhite6750]

Matthew 21:12 “And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves,”

[@markcoleman7246]

Calm down Darth Pepe.🙄

[@indy5542]

Jesus must be so sad the way evil is so rampant. 🙏✝️🩷

[@labandonaldhock80]

I have purchased doves on the Day of Atonement myself in the Temple. I find you offensive to the millions like minded.

[@jasonlind6363]

And three days later they nailed him to a cross

[@markperrin8098]

Cool story bro.

[@model3life]

George, your content is always helpful to be aware of what is really going on in the world. You have great editing skills! Thanks for taking your "valuable time" to share IMPORTANT information, insight & wisdom with us!

[@willhoonforfood4463]

He has a zoomer that does his editing 😂

[@ToIsleOfView]

George, the reason I subscribe is that you are a great communicator. You have explained the relationship and systemic risk many times in the past. I got out of the market after the GFC and have never returned to play in the debt game. This system of global economic debt creation is wrong. The distortions you mention are always present and continuously playing in good times and bad. We need a new economic system that is NOT based on debt creation for every product and service. A commonwealth system that keeps government banking separate from private banking and private banking divided into commercial and investment institutions. Glass-Steagall Act of 1932.

[@josho6038]

Bingo...I have said it for years...without Glass Steagall again and without bank runs...this trash will continue forever as we all become poorer

[@clarencehoover6748]

3:10 A Treasury is NOT a “low risk asset.” Governments change rules at whim and you have no recourse. Risk is too high of major loss from inflation or total loss from default. Treasuries are far from safe. Just ask Russia and all of the currently struggling banks that stuffed their portfolios with them. A sovereign bond is an exchange of current issue “IOU nothings” for a promise of future issuance of “IOU nothings” (with reduced purchasing power, even after yield is considered) from a bankrupt corporation. If that’s not bad enough, your Treasury holdings can effectively be defaulted on if you fall out of favor by the regime and Uncle Sam slams you with sanctions or if a social credit scheme deems that you are naughty. Now is the time to reduce as much counter-party risk as possible and be a contrarian, not try to pick up dimes in front of a steamroller.

[@Mryoyo1600]

George's play by play is correct but even he does not see the full scale implications of this because he doesn't believe the dollar can or will die. Norinchikin has just (most likely at the behest or insistence of the BOJ) instigated a credible threat to catalyze a sovereign default cascade in US treasuries. They have just called the Treasury's bluff earlier this year where the guaranteed to buy any treasury bonds on the market (buyer of last resort, another credible threat). The BOJ desperately needs the FED to drop its overnight rate FAST because the BOJ is out of cash and can no longer stop the fall of the YEN without selling off treasuries; they need the spread between YEN and USD to shrink to disrupt the carry trade killing the Yen. If the USD/YEN breaks through 160 there is nothing stopping it from hyperinflationary death spiral. The BOJ will be forced into either treasury sell off; instigating a crisis in the global debt market, or an emergency interest rate hike which will depreciate the YEN further since it is a complete debt instrument back by almost 60% of the JGB market. This is not just the Big Short 2.0. This is the end of life stages of the Federal Reserve Monetary System. The entire global credit market is convulsing its final seizures before death. Japan is the nexus of the entire system established post 1946. The Prince of The Yen is coming home to roost.

[@craigbrison4241]

The carry trade going on with the the Yen is absolutely epic! I laugh, but it is horrific how they've gotten themselves into the position of being abused that way.

[@kaznika6584]

Based

[@ladominaroque]

Good! I will NOT miss the Federal Reserve. Good Riddance!!!

[@delmonicofarquhar9893]

The entire problem we face today exposes the primary futility of Keynesian economics. Everything is fine with deficit spending when that spending is "productive," i.e., produces more growth than the cost of the debt that produces it. That's why the Fed's single mandate (forget the "dual" one) is to "fine tune" the economy, i.e., funnel liquidity to the areas in the economy that will produce net growth. Sure it wants low unemployment and low inflation, but when we become totally dependent on debt, becoming a "debt-based" economy, then slowdowns in "growth" aren't just worrying, but disastrous, and both parts of the dual mandate are abandoned in order to, simply, survive.

[@maniscalcofrank]

The best part is, it's not the big short 2.0 it's just a continuation of the original situation just can kicked for 20 years... What is system

[@craigbrison4241]

People don't grasp how close it all came to Armageddon and that this is just the continuation of a scheme gone bad 15 years prior, papered over with even more schemes now going bad.

[@jwhite6750]

Revelation 18:23 “And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived.” King James Version (KJV)

[@sadns2000]

Been waiting for a derivative collapse for 10 yrs

[@Ambassador_Gkar]

@@mrmines2000 Next month they'll probably take chewing gum out of the CPI data 🤨 Just about everything else has already gone.

[@craigbrison4241]

@@mrmines2000 Exactly. All this, one gigantic attempt to keep the ball rolling but just getting everyone trapped instead. The La Brea Tar pits on steroids...

[@des5594]

This market feels like 1998-2000 all over again. Asian Financial Crises into the Dot Com bust.

[@josho6038]

It's different...and worse....because we don't have Glass Steagall anymore...it will take bank runs by the people to get any sanity back this time...just like 1929

[@pjdepaolisii]

It's even crazier than I had thought.

[@fernwood]

So soon after the end of the Petrodollar? Who would’ve thought.

[@patstone2294]

Technically, we don't legally own stocks, bonds and mutual funds. We now have "Beneficial Ownership" and all securities are held in a pooled form and subject to confiscation by secured creditors, according to the new bankruptcy laws.

[@labandonaldhock80]

He is by far not the only one crying panic over this today. A hiccup in the derivatives system will cause the biggest crash you could imagine. A 63 billion $ dump is currently void of liquidity. If you folks would listen you could learn something.

[@mrbob19561]

Especially those loans won't get paid back

[@fudogwhisperer3590]

I just tried to post this video on my facebook page, got denied posting due to some people finding it offensive and then I was blocked from posting for 21 hours

[@rhymetimeuk]

Oh yea, they don't want the truth out there!

[@brendanswift6755]

Very good reason to stop using facebook

[@pedros.1576]

Can't let truth get to the masses!

[@sunshineretired2582]

fake FB is old new get with the adults so many more places to play.

[@georgedavid3815]

Those people are long, fully invested. Thats the last thing they want to hear.😂

[@Zk8et]

HELLLLOOOOHHH REBEL CAPITALIST HOPE YOURE WEELLLLL!!!!! HEHEHEH!! 😊

[@MartB-tx5lb]

So just when you thought inflation was high, it's gonna get EVEN HIGHER. Considering the track record and the consistency of employing this "solution", I buy it. It's like they say about the politicians in power, and I'm paraphrasing here, they'll do whatever the have to do to keep themselves in control. In other words, "it's difficult to get a man to understand something, when his salary depends on it." --Upton Sinclair. It's a bit of a stretch, but consider "understanding" in this case the ignorance to the simplified chain of lending as demonstrated in step 2. I'm still working on my theory of all this, but snips like this help flesh things out. Good video, George. Thanks.

[@claygreen4723]

Nothing has changed since the last derivative based shitshow so another one is inevitable.

[@anntaylor-minch5729]

George I love your videos, you make it so even a dumb rock chick can understand economics and finance! Keep it up 👍

[@redoberon]

So if I'm understanding this right, where we are heading is towards even more insane inflation?

[@raybod1775]

Fed can’t cut rates without heating up inflation

[@Ivansthename]

Yea they don’t give two shits about inflation; the US effectively exports inflation to the rest of the world anyways.

[@YamatoPower9000]

This slick Rick analogy reminds me of South Park episode about reselling golden jewelry then shiping it to India or whatever for refiting then selling it again. Same music in my head and same actions my Slick Rick it would be a fun movie to make.

[@BrokerBarbara119]

Sub Prime sketchy housing mortgages caused the Great Recession and now Sub Prime sketchy Business Loans will cause the next one…😮

[@theealist_TV]

Look up & Watch this Documentary named AMERICA: FREEDOM TO FASCISM by AARON RUSSO

[@june4ljc39]

Love you George, great info steady. You keep saying there are no certainties only probabilities. (Thomas Sowell) Are you certain of that? If not, then it's not a true statement. If you are certain that there is no certainties, then it also falsify the claim. Just trying to understand my friend.

[@adampeters632]

Why doesn’t Norinchukin just refinance their dollar liabilities with yen? Borrow yen in Japan at the extremely low rates there and convert the yen into dollars to pay off the dollar liabilities?

[@glennleedicus]

They’re being asked to fall on the sword…

[@acdnmystic9929]

Who runs Japan?... And their aged populace.. understand this was set up long ago! WEF NARRATIVEs ended when TRUMP took Office.. otherwise we wouldn't be here right now!!! Ever think of that?

[@rodneypennington1086]

Have to sell the UST first I guess

[@craigbrison4241]

So debase their currency, which is already collapsing, even more to buy dollars? Good thinking there Weimar...

[@craigbrison4241]

@@rodneypennington1086 they can't debase the Yen anymore without turning Japan into the Weimar Republic. The show is over... that's why Japan and this bank are selling treasuries.

[@JoeDoesItAgain]

George, how many years have you been short.. lol. You're missing out on the euforic moment to come!

[@bluecollarbullionballer4269]

CDO'S caused the 2008 crash not CLO' s I belive there is a difftence.

[@hulkhogan6259]

I don't mean to complicate this more....but the treasuries can be used as collateral to borrow against. this could prop up the balance sheet longer. This is exacltly like a person using their investment portfolio to get a loan. the treasuries could be kept and NOT sold to gain loan money to be used for something else.

[@billcarney829]

The banks had a lot of issues......did they also, by chance, have any problems, as in HUGE PROBLEMS?

[@detroitdan2165]

Sounds like buy the dip to me 🤑🤑🤑

[@Xtina2525]

Buy the crash!!

[@Pepestock]

I'm stacking cash for this reason

[@ElainEmail-m7q]

If taxpayers are not the bailout funding providers, then these banking crisis , government debts crisis or big corporations bankruptcy crisis will only be entertaining HOLLYWOOD movies 😂

[@brians9532]

I agree but taxpayers are on the hook every time.

[@good4life268]

The question is 'how do we make $$ knowing this is going to happen or is happening??'

[@brookehopkins9104]

Buy silver.

[@rathelmmc3194]

@@brookehopkins9104 precious metals don’t make you money. They hedge against currency devaluation.

[@Thkxl20390]

​@@brookehopkins9104Buy PUT!

[@maxbgi70]

Nochu cant fail, its supported by the Bank of Japan and now, the FRB lol. Huh? Another QE? You bet! SP is going up!!

[@AricBolf]

And now after watching your video, i have to immediately remove it from my play history otherwise KZbin will recommend to me a crapload of ‘the world is coming to an end’ economic videos

[@jonesjones3470]

Don't sign in and use ad blockers on VPNs. Boom. Now you are a discerning consumer of variety. Sign in only when you need to chastise someone's poor use of grammar or compliment a rare display of non-stupid. And now I must go

[@Fastapproaching]

Don't worry Janet yellen will buy those bonds at face value so they won't lose anything, US Treasury are the only ones that are able to buy their own debt back, if you can buy all your own debt, I don't understand why you have any debt anyway

[@brixmortar]

To make treasuries investors pay taxes on the interest so the federal government can pay interest on the debt.

[@michaelweaver2627]

With what money can the US Treasury buy back it's debt? It can only do it by issuing new debt at much higher rates then the old debt which they are buying back. They have been doing that but it can't go on like that forever, it is just a very temporary delay tactic.

[@rhymetimeuk]

Fantastic video btw, really well explained!!

[@GillerHeston]

Really, banks require more regulation. The entire idea of banking as "let's gamble" is terrifying. Because they discovered in 2008 that the government will always bail them out, there are no repercussions. These bank crisis are so worrisome. This whole financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. And this is only the beginning!

[@rogerwheelers4322]

Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply focus on diversified investments through a financial advisor, collect my profits, which I either spend or repeat the process. Never been this comfortable with my finances.

[@joshbarney114]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@FabioOdelega876]

@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@joshbarney114]

Marisa Breton Dollard covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

[@joshbarney114]

Marisa Breton Dollard covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

[@patrickmcgoohan115]

Norichukin. I think they were part of the FED 2019 SEP bailout. Credit Suisse and Deutsch bank had negative rates last decade.

[@GUyMontag721]

So question, why would they do this? To consolidate banking/ buying power Why are corporations allowed to purchase private equity????

[@DarrenSmith-tq2xz]

Thanks for the great content once again God bless you Goarge

[@xman7695]

That at least explains some part in why the US government is buying back old low yield long term treasuries and issue short term treasuries.

[@craigbrison4241]

Bingo... and they're once again putting the citizens on the hook for the degeneracy everyone is just too stupid to understand it all.

[@tradermunky1998]

I know all this stuff but it's great getting a refresher with visuals. You just can't really find this type of stuff that isn't through doing a load of reading. Good stuff George! We always see this type of moving out the risk curve as liquidity starts drying out with flat or inverted yield curves. It works, until it doesn't. Everything will lock up at some point if things don't improve. And once that's started it's really difficult to halt.

[@Samuelregional..782]

*Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration.I feel for people with disabilities for not getting the help they deserve...Thank you Ms Laura Ferguson..imagine l invested $2000 and received $5,400 in 4days.*

[@SarahWeeth]

everyone needs more than their salary to be financially stable. Investing it with a reliable source is the best.

[@LibyanHagrieve]

That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.

[@SarahMcCoy-ru1mu]

Honestly, Laura Ferguson guided me through the process of making a solid financial decision for my family. Most importantly, she took the time to make sure we understood every aspect of the transaction until we felt 100% comfortable."

[@Lisa12696]

I've seen different people talking about this Laura Ferguson she must be very amazing for people to talk this good about her.

[@DaveRondon]

successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.

[@alanheadrick7997]

So why not barrow money against the moon? The moon has real estate value.

[@TeslaEVolution]

George, LOL, your steps are NEVER FAST nor EASY......but entertaining!

[@ericbentsen1785]

Mexico City is forecast to run out of water on June 26th, 2024 (Day Zero). Maybe they'll get some afternoon storms every day from July to November. Otherwise the situation will be dire with no travel to that area.

[@ana-pi6ut]

I hope this helps my AMC stock. I am down 95% because I believed that the regulators would regulate the market. I had no idea that the market was so corrupt and that the banks and Wall Street controlled the price of stocks.

[@erickanter]

The fed can save the bond market or the currency but not both.

[@itshimhim2837]

Thanx ladies for voting straight democrat and for your verbal distaste of conservatives…. Love of abortion and freebees and dislike of conservatives. Thanx ladies

[@ianrayner7522]

Is it true that Norinchukin borrowed in $? Have you reviewed their balance sheet - I haven't but why would a Japanese bank borrow US $? It's a Japanese bank taking yen deposits and borrowing in Yen, and buying dollars and using those to buy US fixed income assets. So, no, there is no negative carry. The market price of those FI assets has dropped a lot due to their high duration. That is their problem, not a funding vs. earning mismatch. They will sell and take a big loss ($10bn?), chump change on a $tr balance sheet, it's not going to take them out. The yield on the portfolio is low, so they need to sell the impaired assets, take the loss, and re-invest them in higher yielding asets. Of course, that reach for yield increases their risk. However, if you listen to Gundlach, he maintains that, currently, BB and above CLOs and corporate FI are currently a good risk with very little default risk (I don't know if that's true, but I would bet on Gundlach before almost anyone else).

[@xman7695]

I think I've heard is was USD swaps as well and they've got higher swap costs (probably due to then yen decline and higher interest rates I presume?). Eurodollar University made a video about this bank where they talked about it. I don't know enough about finance to check if its true or not.

[@javamochafrap]

College level lesson! Thanks for the info

[@tibsyy895]

Saw so many crash videos yet it never came!

[@markhoward3803]

Banks....even when they lose they still win. That's why they play the game. Tax payers always come to their rescue.

[@craigbrison4241]

And eventually the tax payers come for what's been stolen.

[@mustang67]

Is the FAN on? Because something is about to hit it...

[@almostfamous791]

All crooks and we pay the price

[@yawzerdoink-a-sore-as8159]

The animated white board is great work. Very nice cute idea. Adds that special touch, bravo

[@Halflionhalffox]

This is George, Bravo is the other channel

[@MrkBO8]

Nunchuka Bank, Bank of Nunchuk aka The bank of Ninja Nunchukery

[@jwhite6750]

(NY,NY.USA)Revelation 17:5 “And upon her forehead was a name written, MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND ABOMINATIONS OF THE EARTH.”

[@Luke_Stoltenberg]

Just FYI, to pronounce the bank's name, it rhymes with *"no-ring-chew-king"*

[@lilblackduc7312]

(that's easy for you to say ;-)

[@glennc8991]

Banks make stupid bets and tax payers end up paying for it one way or another

[@jayearl3591]

800 billion dollars... I've heard that figure before 15 years ago. Dr Evil strikes again 😂

[@arnocuban]

Another great video! Thanks, George.

[@Bob-kl3es]

NORM! BACK TO THE WHITE BOARD.

[@lufiron]

"..dollars that were created by lending them." Isn't that the way it goes with all dollars in a debt based system?

[@evanhamaker]

“Oversimplified chart”

[@fillmorehillmore8239]

Great explanation of a Ponzi.

[@doctorG960]

UNLESS, the FED LOWERS RATES. That would make the T bills bankJ owns would be MORE VALUABLE

[@CW-pu4yb]

Ahh stiff drink time! 🍸 Reminds me of the OG Paddy Hirsch Marketplace videos after the GFC. Gateway to my interest in Macro.

[@jordanhildebrandt3705]

TLDR: The "Global FInancial System" basically hired all of Enron's accountants.

[@deep6301]

I would like your take on "THE GREAT TAKING." Ivor Cummins channel presents free movie

[@sxmNice]

Good exposé, thank you. Slightly exaggerated though. (No capital on balance sheets, CLOs are not RR risky)

[@markfrantzen9576]

$10b isn't money today George, you should know that. NVDA market capitalization now $3t, more than the sum total of equities listed on the FTSE100. Until you find a way to get SPX500 down - at least 15% - there is no hope of a global recession. Tell us how that happens, and your stuff gets interesting. Thank for the content.

[@peterquin1443]

"Massive economic distortions" = hyperinflation. Just say it George. Don't sugar coat it with jargon.