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This compilation of financial insights includes videos from Commodity Culture, The Market Sniper, Wealthion, and SD Bullion.
Economist Steve Hanke joins Commodity Culture to discuss why he’s bullish on gold despite not being a gold bug. Francis Hunt, The Market Sniper talks about 3 flags holding the key to a bullish future for silver. Jay Martin, CEO of Cambridge House International, joins Eric Chemi on Wealthion to discuss the possibility of a commodities super cycle. SD Bullion reports on UBS failing and silver’s new fuel cell demand.
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Commodity Culture
Nov 24, 2023
Economist Steve Hanke makes a case for owning gold, including growing political instability, record accumulation of gold by central banks, and a clear move away from the U.S. dollar as the preferred currency of international trade. Steve also explains why free and open societies prosper and how the West is starting to lose its freedom and thus, its economic prosperity.
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The Market Sniper
Nov 24, 2023
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In this video, we’ll show you how to escape the rat race and start living a life that’s truly worth living. We’ll explain why three flags hold the key to a bullish future, and how you can take advantage of this opportunity today.
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Wealthion
Premiered Nov 24, 2023
There are a number of conflicts going on around the globe right now. They’re impacting natural resources, the economy and your wallet.
Jay Martin, CEO of Cambridge House International, joins Eric Chemi to discuss the geopolitical tensions facing the world right now, raw materials and why he’s bullish on America in the long term.
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SD Bullion
Premiered Nov 24, 2023
So far in 2023, we have witnessed 5 US Banks go insolvent and be shut down by the FDIC.
Currently, US banks are reported to be still sitting on over $1/2 trillion in unrealized losses on investment securities. Of course, there is no current estimate of collective losses on commercial loans for failing sectors like office space in major city centers, at least not yet anyway.
The three-year rolling average losses for US long-term nominal bonds have been -25% this year, 2023 and -26% last year in 2022, respectively.
One is left to wonder which of the major commercial banks may be closest to another outright failure.
Perhaps the Global Systemically Important Bank that swallowed up recently failed Swiss bank behemoth Credit Suisse?
Reports online today alleged that UBS, a tier-1 G-SIB cited delays in customer deposit withdrawals to its customers, explicitly citing ‘unforeseen liquidity challenges’. The branch in this particular alleged correspondence is located in Basel, Switzerland.
Two days ago, the current CEO of UBS, Sergio Ermotti, while speaking at a Swiss Risk Association event, stated, “Even in the unlikely event of something going wrong at UBS, we have enough cushion before even speaking about a resolution of the bank and its very unlikely risk of a loss for the taxpayer.”
Would UBS need to be rescued? Ermotti said a private buyer would continue to be preferable. Saying, “Of course, this would likely entail an international buyer.”
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This is yet another reminder that no matter how sophisticated are gigantic a bank portends to be, you do not actually own the fiat currency in your bank account with them, and at any point in time, the bank may not even have the fiat currency available to fulfill your IOU if and when you demand it withdrawn.
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Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
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