Is a Banking Crisis Coming?
56,206
Published 2024-07-03
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Experts are raising alarms about a potential banking crisis, not just in the US, but across Western countries. With commercial real estate loans hitting decade-high delinquency rates and rising economic uncertainties, the pressure is mounting. In this video, we explore the vulnerabilities of small and midsize banks, the ripple effects on the global economy, and why diversifying your investments might be crucial.
00:00 Start
00:38 Commercial Real Estate Crisis in Europe
1:53 Offshore Banking Benefits
3:15 Comparison of Western vs Asian Banking Practices
4:47 Why you need to diversify bank accounts
6:38 Potential Risks and Asset Protection
10:36 How Having the Cash Overseas Can Protect You
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All Comments (21)
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Creating another source of income in these difficult times is the best thing to do not only does it guarantee returns, it also helps you plan and save for future expenses I hope everyone who reads this will be successful in life
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I think Andrew misses a crucial thing - if US small banks go down, then that is contagion and it will put alot of pressure on large banks. Some woll fail. If they fail, then that puts the entire US run SWIFT system in trouble and will affect international banks. What i am saying is this, if you want your assets safe, avoid parking money in countries closely affiliated with the US. This includes EU/Ireland/Canada/Singapore
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Fractional Reserve banking should be a crime.
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Not just a banking crisis,
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Just like 2008 is won't be contained to one country.
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Credit Suisse "went down" due to absolutely staggering incompetence in the highest management. That is hard to protect against unless you have inside information... But one clear sign is when the bank spends a lot of effort on DEI and very little effort on credit risk management.
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Thanks George
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I do understand the purpose of diversification. However, for years I try to grow my small capital. Being a small capital. Diversification is rather hard because it would mean that I have small bits of "nothing" diversified. What I did is that I did "gamble" on the value of gold going up. If this happens then the value of gold miner stocks go up. So I put my "capital" in gold miner stock, though, I diversified within that group.
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AWESOME! Great hearing your insights perspective regarding this matter. Thank you, Sir.👍🙂
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The “deposit guarantee system” in Europe is not per country but 100.000 per AFM registered bank. So no need to stress.
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Banking crisis or a fiscal crisis? Because I'm pretty sure some $5 trillion of tax payer money would be used to bailout these banks to prevent a potential depression.
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"Is a banking crisis coming" Andrews rhetorical question
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Good chats, as always, thanks a mil.
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Thank you for the good insight
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What about Credit Unions?
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Banking...the one time size does matter.
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if i am not wrong if bank is shut down all exchanger will fall.
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Hello Which are those Swiss banks exactly what you have mentioned in the video? Regards
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Thank you, Nomad. This is a really open mind.
