🤖🚨🤖Making Money & AI Course 🔥PRESALE🔥 EXPIRES MAY 5, 11:59pm🤖🚨🤖 Sale applies to ⚠️ALL COURSES and BUNDLES through May 5⚠️ Lifetime Access to Course Member Streams & Bundle with Real Estate Investing & Stock Investing | Member-Only Streams, Alerts, Wealth Building, AI, and Fundamental Analysis, etc.🔥🔥 00:00 What the Hell is Happening 03:09 Worse than 2008 | The Trillion Dollar Crisis. 05:40 PacWest Bank Failure & Lending. $PACW 10:45 Western Alliance Bank. $WAL 11:55 Goldman Sachs Sandbagging & Bailout 16:24 Maximize your Productivity with AI. 17:24 Auditor Failure. 19:00 Real Estate Crisis. 21:21 Impact to You. Kevin's Products: 🔥Kevin's Courses: 📈Kevin's ETF: (scroll down)📈 🚨Paid Sponsors or Affiliates🚨 📈12 Free w/ Webull: ❤️ Life Insurance: 🔫Needler: 🥇 📙25% off Shortform: ⚠️⚠️⚠️#pacwest #westernalliance #bankingcrisis ⚠️⚠️⚠️ With bank failures on the rise, the global economy is facing a trillion-dollar crisis. Here's what you need to know to protect your finances. Works Cited Bradham, Breanna. “Regional Banks Extend Rout as PacWest, Western Alliance Sink.” Bloomberg.com, Bloomberg, 4 May 2023, www.bloomberg.com/news/articles/2023-05-04/pacwest-first-horizon-slump-reigniting-regional-bank-jitters?sref=UigVPtjG. Accessed 4 May 2023. “First-Citizens Bank & Trust Company, Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley Bridge Bank, N.A., from the FDIC.” Fdic.gov, 2023, www.fdic.gov/news/press-releases/2023/pr23023.html. Accessed 3 May 2023. Foley, Stephen. “Three Failed US Banks Had One Thing in Common: KPMG.” @FinancialTimes, Financial Times, 3 May 2023, www.ft.com/content/feb33914-493e-467c-b67e-28fcd1b3814d. Accessed 3 May 2023. Fontanella-Khan, James. “Western Alliance Becomes Latest US Bank to Explore Potential Sale.” @FinancialTimes, Financial Times, 4 May 2023, www.ft.com/content/bf2bd5af-1e55-4be3-b29d-f5cae9533b29. Accessed 4 May 2023. Franklin, Joshua, et al. “PacWest Plummets 40% as It Explores Potential Sale.” @FinancialTimes, Financial Times, 4 May 2023, www.ft.com/content/1f4550dd-9409-4307-bc4e-a97da6364c8c. Accessed 4 May 2023. ---. “PacWest Plummets 40% as It Explores Potential Sale.” @FinancialTimes, Financial Times, 4 May 2023, www.ft.com/content/1f4550dd-9409-4307-bc4e-a97da6364c8c. Accessed 4 May 2023. “Here We Go Again: Troubled California Bank PacWest Craters 60% on Report It Is Seeking Buyers or Capital Raise | ZeroHedge.” Zerohedge.com, ZeroHedge, 2023, www.zerohedge.com/markets/here-we-go-again-troubled-california-bank-pacwest-craters-60-report-it-seeking-buyers-or. Accessed 3 May 2023. Levitt, Hannah, et al. “First Republic’s Jumbo Mortgages Brought on Bank’s Failure.” Bloomberg.com, Bloomberg, May 2023, www.bloomberg.com/news/articles/2023-05-01/first-republic-s-history-of-jumbo-mortgages-led-bank-to-failure-sale. Accessed 3 May 2023. Monks, Matthew. “PacWest Is Weighing Strategic Options, Including Possible Sale.” Bloomberg.com, Bloomberg, 3 May 2023, www.bloomberg.com/news/articles/2023-05-03/pacwest-said-to-weigh-strategic-options-including-possible-sale?srnd=premium. Accessed 3 May 2023. “Subsidiary of New York Community Bancorp, Inc., to Assume Deposits of Signature Bridge Bank, N.A., from the FDIC.” Fdic.gov, 2023, www.fdic.gov/news/press-releases/2023/pr23021.html. Accessed 3 May 2023. Tan, Gillian. “FDIC’s McKernan Says Failed-Bank Auctions Aren’t Competitive.” @BLaw, 3 May 2023, news.bloomberglaw.com/banking-law/fdics-mckernan-says-failed-bank-auctions-arent-competitive. Accessed 3 May 2023. “The Banking Collapse of 2023 Is Now Officially Bigger than the Banking Collapse of 2008 | ZeroHedge.” Zerohedge.com, ZeroHedge, 2023, www.zerohedge.com/markets/banking-collapse-2023-now-officially-bigger-banking-collapse-2008. Accessed 3 May 2023. “The US Banking System Is Sound? | ZeroHedge.” Zerohedge.com, ZeroHedge, 2023, www.zerohedge.com/markets/us-banking-system-sound. Accessed 3 May 2023. 📝Contact Information for Kevin & Liability Disclaimer: This video is not a solicitation or personal financial advice. See the PPM at for more on HouseHack....(read more)
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The Trillion Dollar Banking Crisis | Worse than 2008 - Do this NOW. The world is currently facing a banking crisis, and it's worse than the one in 2008. According to a report by the International Monetary Fund (IMF), the total global debt has reached $188 trillion, which is more than 230% of the world's annual economic output. This is a huge increase from the $142 trillion in debt that was reported in 2008. The report also revealed that about two-thirds of the total global debt is owed by non-financial corporations and governments. The banking crisis is a result of several factors. One of the main causes is the low interest rates that have been in place since the 2008 financial crisis. Central banks have kept interest rates low in order to stimulate economic growth and investment. However, this has led to a situation where investors are taking on more risk in order to generate higher returns. Many companies and governments have taken advantage of the low-interest-rate environment to borrow large amounts of money, which has fueled the debt bubble. Another contributing factor is the lack of regulation and oversight of the banking sector. Many banks have engaged in risky lending practices, such as subprime lending and derivatives trading, which have led to huge losses in the past. The 2008 financial crisis was a result of these practices, but it seems that the lessons were not learned. Many banks continue to engage in risky lending practices, which have increased their exposure to financial risk. The banking crisis is not just a problem for the banks themselves. It affects the entire economy, as banks play a critical role in the financial system. When banks are in trouble, they cannot lend money to businesses and consumers, which can lead to a credit crisis. This, in turn, can lead to a recession or even a depression. So, what can be done to prevent a banking crisis? The first step is for governments and central banks to take action to regulate the banking sector. This includes setting limits on the amount of debt that companies and governments can borrow, as well as stricter rules on lending practices. Secondly, banks need to be held accountable for their actions. They should be required to hold more capital as a buffer against potential losses. This will help to reduce the risk of bank failures and ensure that banks are able to weather any economic storms. Finally, individuals and businesses should take steps to reduce their debt levels. This includes paying off high-interest loans and avoiding taking on more debt than they can realistically afford to pay back. The banking crisis is a serious threat to the global economy, and it's up to all of us to take action to prevent it from getting worse. Governments, central banks, and individuals alike need to work together to address the root causes of the crisis and find solutions that will ensure the stability of the financial system. It's time to take action before it's too late. https://inflationprotection.org/act-now-the-banking-crisis-worse-than-2008-worth-trillions/?feed_id=99548&_unique_id=64692a63c0644 #Inflation #Retirement #GoldIRA #Wealth #Investing #bailouts #bankfailures #bankingcrisis #bankingsystem #Bubble #economicpolicy #economy #FDICcoverage #federalreserve #financialcrisis #financialmarkets #FinancialRegulation #financialstability #governmentintervention #investing #jpm #makingmoney #MeetKevin #money #pacw #PacWest #pacwestbank #passiveincome #realestate #riskmanagement #startingtoinvest #stockmarket #Stocks #systemicrisk #toobigtofail #TrillionDollarCrisis #wal #wealth #westernalliance #BankFailures #bailouts #bankfailures #bankingcrisis #bankingsystem #Bubble #economicpolicy #economy #FDICcoverage #federalreserve #financialcrisis #financialmarkets #FinancialRegulation #financialstability #governmentintervention #investing #jpm #makingmoney #MeetKevin #money #pacw #PacWest #pacwestbank #passiveincome #realestate #riskmanagement #startingtoinvest #stockmarket #Stocks #systemicrisk #toobigtofail #TrillionDollarCrisis #wal #wealth #westernalliance
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