It's a scary time to be aware of the potential for bank failures – and the consequences that could have on the markets. If you're worried about the state of the banks, we are right there with you. Mo goes over what happened with the recent bank failures and answers the question. Will there be More? There are also concerns about will the FDIC be able to cover everyone. Mo also reacts to Janet Yellen from the US Treasury on how they will handle future uninsured deposits. If you like todays video, please subscribe and ring the bell, so you catch our next video. #firstrepublicbank #svb #creditsuisse 🚨 7-Day EM Software Trial for $7 Get started now at EverythingMoney.com and begin confidently investing today! ➡ _____________________________________________________ ⚠️ By watching videos posted on Everything Money’s YouTube channel and/or using EverythingMoney.com, you acknowledge that you have read, understand, and agree to the following: Everything Money is Not an Investment Advisor: Everything Money (including Paul, Mo, and Seth) is not an investment adviser, and it is not registered as such with the U.S. Securities & Exchange Commission or any other state or federal authority under the Investment Advisers Act of 1940 or any other law. The investments and strategies discussed in Everything Money’s YouTube videos and on Everythingmoney.com are not and should not be considered investment advice and may not be suitable for you. They do not take into account your particular investment objectives, financial situation, needs, or personal circumstances and are not intended to be specific to you. Before acting on any investment or strategy discussed, you should always do your own research and make your own independent decision about whether it is suitable for your particular circumstances. You should also consider seeking advice from your own legal, financial, tax, accounting, or investment advisers. Everything Money does not provide such advice. READ THE FULL DISCLAIMER HERE: ...(read more)
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The global pandemic has had a profound impact on nearly all aspects of our lives, from our health to our economy. While the initial spread of the virus has slowed in many parts of the world, the economic fallout from the pandemic is far from over. In fact, experts say that there is a real risk of banking failures getting worse in the coming years. To understand why this is the case, we need to look at the state of the global economy. The pandemic has caused a massive disruption in economic activity, with many industries and businesses coming to a grinding halt. Governments around the world have responded with massive stimulus packages, designed to keep businesses afloat and people employed. However, these measures can only be sustained for so long, and the longer the pandemic continues, the more likely it is that we will see significant economic fallout. One of the most vulnerable areas of the global economy is the banking sector. Banks play a crucial role in the economy, providing businesses and individuals with the capital they need to invest and spend. However, the pandemic has made it much more difficult for banks to do their job effectively. With so many businesses closing and people losing their jobs, the risk of loan defaults has increased dramatically. This puts pressure on banks, who may find themselves struggling to stay afloat if they are hit with a wave of defaults. Moreover, the pandemic has exposed weaknesses in the banking system that were already present before the crisis. Many banks were already operating with thin margins, relying on low-interest rates and aggressive lending practices to make a profit. Now, with interest rates at historic lows and the risk of defaults increasing, this business model is no longer sustainable. Banks are going to have to adapt quickly if they want to survive. If banks do start to fail, the consequences could be severe. The collapse of a major bank can trigger a domino effect, causing other banks to fail and leading to a wider economic crisis. This is what happened during the 2008 financial crisis, and many experts believe that we could see a similar scenario play out again in the coming years. So what can be done to prevent this? One obvious solution would be for governments to provide even more support to the banking sector. This could take the form of additional funding or regulatory changes designed to make it easier for banks to operate in the current environment. However, this is unlikely to be enough on its own. Ultimately, what is needed is a fundamental reassessment of the banking system, with a focus on making it more resilient and less reliant on risky lending practices. Overall, it is clear that the contagion from the pandemic is far from over. While the worst of the health crisis may be behind us, the economic fallout is likely to be with us for years to come. Unless we take action to shore up the banking sector and make it more resilient, there is a real risk that we will see a wave of bank failures in the coming years. This is something that we cannot afford to take lightly, and we must act quickly if we want to prevent a wider economic crisis. https://inflationprotection.org/bank-collapse-2023-banking-failures-could-worsen-as-contagion-persists/?feed_id=87116&_unique_id=6436e919c9521 #Inflation #Retirement #GoldIRA #Wealth #Investing #bank #bankcollapse #bankcrash #bankcrisis #bankfailure #bankfailures #banknews #bankrun #banks #CashFlow #CreditSuisse #everythingmoney #financialeducation #firstrepublic #firstrepublicbank #firstrepublicbanknews #howtoinvest #howtoinvestinstocksforbeginners #investing #investment #Makemoneyonline #marketcrash #passiveincome #paulgabrail #personalfinance #SignatureBank #stock #stockmarket #Stocks #stockstobuynow #svb #Trading #valueinvesting #BankFailures #bank #bankcollapse #bankcrash #bankcrisis #bankfailure #bankfailures #banknews #bankrun #banks #CashFlow #CreditSuisse #everythingmoney #financialeducation #firstrepublic #firstrepublicbank #firstrepublicbanknews #howtoinvest #howtoinvestinstocksforbeginners #investing #investment #Makemoneyonline #marketcrash #passiveincome #paulgabrail #personalfinance #SignatureBank #stock #stockmarket #Stocks #stockstobuynow #svb #Trading #valueinvesting
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