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This compilation of financial-related insights includes videos from The Atlantis Report, Kitco News, WTFinance, and Lena Petrova.
The Atlantis Report shares news of the crisis mode beginning as hundreds of banks are facing billions in losses from deposit outflows. In a 2-part series Lyn Alden, Founder of Lyn Alden Investment Strategy joins Michelle Makori at Kitco News to discuss what the looming government shutdown means for the economy, Dollar, gold, and Bitcoin. In part 2, Lyn Alden and Michelle Makori discuss what happens when major currencies start failing. Gregory Mannarino, “The Robin Hood of Wall Street” and Founder of Traders Choice joins WTFinance to talk about debt markets shifting towards a collapse. Lena Petrova reports on the US economy sinking as a record number of Americans work 2 full-time jobs with delinquencies rising.
The Atlantis Report
Oct 11, 2023
So far, banks have lost $870 billion dollars since the Federal reset started raising interest rates. Several banks have gone under, including First Republic, Silicon Valley, and Signature Bank, thanks to these reverberating losses sweeping the financial sector. FDIC data shows that this year alone, there have been more bank failures than in the last three years. It appears that the situation is indeed dire, and there’s no need to be falsely optimistic or ignore the apparent catastrophe that’s looming on the horizon.
As of March 2023, J.P. Morgan reported that the most vulnerable US banks had lost $1 trillion in deposits in a year. This report came barely a month after regulators were forced to close down Silicon Valley and Signature Bank, bank failures regarded as the second and largest failures in the history of U.S. Banking. As soon as the banks’ closing was announced, a massive bank run began with customers running to withdraw their funds and place them in bigger and perceived stronger and safer banks. Bank runs have continued to be a phenomenon as consumers are catching wind of the crisis looming in the banking industry. These moves are often from the mid and small-size banks to the bigger banks. The problem with this is that these seemingly small banks play a disproportionately large role in US bank lending.
Kitco NEWS
Oct 6, 2023 and Oct 11, 2023
(Part 1/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Lyn Alden, Founder of Lyn Alden Investment Strategy, who discusses the chances of a U.S. government shutdown come November and its impact on the U.S. economy, the U.S. dollar gold, and Bitcoin. Lyn also addresses the bond market rout and identifies key risks connected to surging yields. Stay tuned for Part 2!
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(Part 2/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Lyn Alden, Founder of Lyn Alden Investment Strategy, who says the price of money in the U.S. is controlled by 12 people. Alden discusses the opaque process of setting monetary policy in the U.S. and its global impact. She weighs in on BRICS developments and the latest de-dollarization trends. Alden also explores the idea of the Bitcoin and gold standards.
WTFinance
Oct 11, 2023
Interview recorded – 10th of October, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back @GregoryMannarino – “The Robin Hood of Wall Street” and Founder of Traders Choice.
During our conversation we spoke about the continued debt issue, what is happening with government bonds, why we are seeing a liquidity vacuum, the current system and more. I hope you enjoy!
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Lena Petrova, CPA – Finance, Economics & Tax
Oct 11, 2023
U.S. Economy Is SINKING: RECORD Numbers of Americans Work 2 Full Time Jobs As Delinquencies RISE
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