"It is getting real," says Andy Schectman, CEO and president of Miles Franklin. Banks are continuing to have serious issues and countries are taking more steps to move away from the US dollar. It's time to get out of the regional banking sector, he says. Holding precious metals is a way to get outside of the system and eliminate counter-party risk. WEEKLY SPECIAL: 1 oz Silver Australian Kangaroo coins: $4.85 over spot (WHILE SUPPLIES LAST) CALL US: 1-888-81-LIBERTY (1-888-815-4237) or email your name and phone number to LibertyAndFinance@Protonmail.com The In-Person Rule Symposium on Natural Resource Investing is returning to Boca Raton, FL this coming July 23-27, 2023! Don't miss this opportunity to meet the most trusted collection of speakers and exhibitor companies worthy of your investment consideration on the planet! Click HERE to register to be onsite, or to purchase the livestream! INTERVIEW TIMELINE: 0:00 Intro 2:07 Banking system 13:10 Metals market 17:33 Digital Dollar 23:02 $50 million orders 32:50 Weekly special _____________________________ Subscribe for our FREE newsletter - #1 place for gold & silver news & commentary: _____________________________ CANADIANS CAN NOW BUY SILVER & GOLD ONLINE IN $CAD and support this channel! Go to and during checkout under the dropdown selection “How did you hear of us (optional),” select: “LibertyAndFinance - Dunagun Kaiser” ! Social Media links YouTube: Soundcloud: Google Podcasts: Rumble: Brighteon: Odysee: Facebook: Twitter: Gettr: Gab: Parler: Stitcher: Amazon podcasts: iHeart Radio: Patreon: Donate to Support Our Mission! or _____________________________ Liberty and Finance LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Liberty and Finance website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Liberty and Finance to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Liberty and Finance LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734. The Information presented in Liberty and Finance is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS FORUM WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all Information available on or through this forum AT YOUR OWN RISK. All Rights Reserved....(read more)
LEARN MORE ABOUT: Bank Failures
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It's Time To EXIT: More Bank Failures Coming | Andy Schectman Bank failures have been a recurring nightmare for many, and unfortunately, it seems that we may be on the brink of witnessing more financial institutions collapse. While this may be distressing news, it is crucial for individuals to prepare themselves for such scenarios and take necessary steps to safeguard their money. Andy Schectman, a respected financial expert, is warning individuals about the impending wave of bank failures. With over two decades of experience in the precious metals industry, Schectman has seen firsthand the volatile nature of the banking system. In a recent interview, he emphasized the importance of being proactive in these uncertain times. One of the primary reasons behind this potential crisis is the current state of our global economy. The COVID-19 pandemic has wreaked havoc on the financial markets, causing a ripple effect that has severely impacted banks. Lockdowns and restrictions have resulted in a sharp decline in businesses' operations and individuals' ability to make loan repayments, hitting banks' profitability hard. Furthermore, it is no secret that many banks were already facing numerous challenges before the pandemic hit. A decade ago, the 2008 financial crisis exposed the risky behavior and irresponsible lending practices of some financial institutions. Though regulations were tightened following that crisis, there are still concerns regarding the resilience and stability of many banks. Schectman urges individuals to diversify their holdings and consider investing in physical gold and silver. Precious metals have long been seen as a safe haven during times of economic uncertainty. With their inherent value and limited supply, they can provide a hedge against inflation and act as a form of financial insurance. While some may argue that keeping money in a bank is the safest option, Schectman contends that this is a fallacy. He refers to the concept of "fractional reserve banking," where banks hold only a fraction of their customers' deposits as cash reserves, using the rest for lending or investing. This means that if there is a significant withdrawal of funds or a sudden loss of confidence in the banking system, individuals may find themselves unable to access their money. To mitigate the risks associated with potential bank failures, Schectman suggests holding physical gold and silver in private vaults or home safes. By diversifying one's assets, individuals can protect their savings from potential bank collapses and the inevitable consequences that follow. Additionally, Schectman advises individuals to have a plan B if they suspect that their bank may fail. This could include researching alternative banking options or considering opening accounts in jurisdictions with more robust banking systems. By having a backup plan in place, individuals can minimize the impact of a bank failure on their finances. As unsettling as Schectman's predictions may be, they serve as a wake-up call for individuals to take control of their financial future. Rather than relying solely on the stability of banks, it is essential to be prepared for potential crises and diversify one's holdings to safeguard against any financial turbulence that may lie ahead. https://inflationprotection.org/anticipate-more-bank-failures-an-impending-exit-is-imminent-by-andy-schectman/?feed_id=125266&_unique_id=64d1a498c5ed3 #Inflation #Retirement #GoldIRA #Wealth #Investing #goldcommentary #Goldnews #silvercommentary #silvernews #BankFailures #goldcommentary #Goldnews #silvercommentary #silvernews
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