"Is Your Bank at Risk of Collapse? 34 More Banks on the Brink of Failure!"

In this short clip, Patrick Bet-David, Michael Malice, Adam Sosnick and Tom Ellsworth react to 34 banks being at risk of failure. FaceTime or Ask Patrick any questions on Watch the full podcast here: Subscribe to our channel: To reach the Valuetainment team, you can email: info@valuetainment.com...(read more)

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The recent news that 34 more banks are at risk of failure has sent shockwaves throughout the banking industry and left many consumers wondering if their own bank could be the next to collapse. This announcement comes on the heels of a wave of bank failures over the past decade, which have left many Americans feeling uneasy about the safety and security of their savings. But what does it mean when a bank is at risk of failure, and how can consumers protect themselves from the potential fallout? The term "bank failure" refers to a situation in which a bank is unable to meet its financial obligations, whether that means repaying deposits or paying off loans. When a bank fails, it can be a devastating event for its customers, who may lose access to their money or see their savings wiped out entirely. So why are so many banks at risk of failure right now? There are a few factors at play. The first is the ongoing economic uncertainty caused by the COVID-19 pandemic. With so many businesses struggling and so many people out of work, it's harder for banks to lend money and earn interest. This can put pressure on their bottom line and make it harder to remain financially solvent. Another factor is the low interest rate environment. Interest rates have been at historic lows for years, which means that banks are earning less money on their loans and investments. This can also make it harder for them to stay financially stable, especially if they take on too much risk in order to try to earn higher returns. So what can consumers do to protect themselves from the risk of bank failure? The first step is to make sure that your bank is insured by the FDIC (Federal Deposit Insurance Corporation), which protects depositors up to $250,000 per account if the bank fails. You should also keep an eye on your account balances and make sure that you're not keeping more money in the bank than you need to. Another option is to diversify your savings across multiple banks. By spreading your money out across different institutions, you can reduce your exposure to any one bank's risk. You can also consider opening an account with an online bank, which may offer higher interest rates and lower fees than traditional brick-and-mortar banks. Ultimately, nobody knows for sure which banks will fail and when. But by being informed and taking steps to protect your savings, you can minimize the potential damage if the worst does happen. https://inflationprotection.org/is-your-bank-at-risk-of-collapse-34-more-banks-on-the-brink-of-failure/?feed_id=99870&_unique_id=646a7d47be548 #Inflation #Retirement #GoldIRA #Wealth #Investing #entrepreneur #EntrepreneurAdvice #EntrepreneurMotivation #Entrepreneurs #Entrepreneurship #PatrickBetDavid #PatrickBetDavidValuetainment #StartupEntrepreneurs #valuetainment #ValuetainmentMedia #BankFailures #entrepreneur #EntrepreneurAdvice #EntrepreneurMotivation #Entrepreneurs #Entrepreneurship #PatrickBetDavid #PatrickBetDavidValuetainment #StartupEntrepreneurs #valuetainment #ValuetainmentMedia