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This compilation of financial-related insights includes videos from ITM Trading, The Atlantis Report, John Williams, and Steven Van Metre.
Peter Grandich joins Daniela Cambone on ITM Trading to discuss how BRICS will have the biggest impact on money within the next 3 years.
The Atlantis Report shares news of the intensifying banking crisis as massive layoffs and branch closings continue.
John Williams talks about the dire warning to America from Wells Fargo’s CEO.
Steven Van Metre says the unraveling of the American dream has already begun according to a new report.
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ITM TRADING, INC.
Dec 6, 2023
Peter Grandich shares his views with Daniela Cambone on the economy, gold vs stocks, oil markets and the dollar’s future. He discusses the struggles facing most Americans today, the political divide, reasons to own gold, and why he sees the BRICS alliance as hugely impactful long-term.
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The Atlantis Report
Dec 6, 2023
The closure of 64 branches in just the last week of November depicts the panic among banks. Banks are struggling to retain deposits which lead them to block withdrawals to secure their position. They have been facing issues such as loans tied to depreciating assets like commercial real estate and cash withdrawals. The rising default rates in commercial mortgage loans is drawing parallels to the 2008 recession.
There is a rise in the unemployment rate and the Federal Reserve’s role in maintaining interest rates at a level that restrains the economy is seen as a factor contributing to these challenges.
The unemployment rate is reported at almost 4 percent. The number of unemployed persons was nearly 7 million in November. The number of permanent jobs lost increased by 164,000 over the month to 1.6 million. The default cycle is affecting corporate and commercial real estate loan maturities ultimately leading to job losses. Extensive money printing is noted as fueling inflation and the anticipated challenges are beyond what has been experienced so far. Higher yield corporate bonds and leveraged loans are categorized as riskier and defaults are expected which will cause job losses.
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ThisisJohnWilliams
Dec 6, 2023
Wells Fargo CEO Issues DIRE Warning to America
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Steven Van Metre
Dec 6, 2023
New Report Shows the Unraveling of the American Dream Has Begun
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