US could face economic turmoil if another bank faces collapse, money bosses warn – BBC News

44

The US could face economic turmoil if more banks face collapse, some of the world’s leading money managers have warned.

The caution followed the failure of First Republic, the second-largest banking failure in US history, and the third bank to collapse in the country since March.

JP Morgan Chase took over First Republic in a deal brokered by regulators – but there is a warning that the US could face a credit crunch and an economic slowdown, and at a crucial time, if another bank fails.

Please subscribe here: http://bit.ly/1rbfUog

#FirstRepublic #BankingCrisis #BBCNews

source

RELATED ARTICLESMORE FROM AUTHOR

44 COMMENTS

  3. If another bank faces collapse? How many times did they bail out these banks over lifespan of this country? The last entity that has to worry about living under a bridge in this country is banks. GTFOH with this video.

  5. Of course it'll worsen, the Fed and the Big Banks drove the interest rates below the 2% model. It was in place to ensure that small banks could at least to pay wages, rent, services etc: After 8 years of no returns, those banks were bound to fail. Kill the competition was their game, and they have won. They planned to do this all along!

  6. The bank isn’t safe anymore….pls take your cash of the bank. They now work like exchanges defrauding poor citizens off thier money …switch to the quantum financial system and have your assets all within your own jurisdiction.

  8. The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

  12. This pulling away from interest is the only sustainable solution to a ceasefire in Palestine. Boycott usuary / interest and stop taking interst from ur Banks,u only have one father.

  14. There is no US Leadership across the isle. Its clear as day that the US is on a path of self destruction. We sre no longer able to unsustain all key aspects. A house divided cannot stand!

    I have a beautiful wife of 39 years. 7 children together and presently 5 grandchildren. Also, fortunate to had been young enough to have known of what was an American Dream, and achieved it.
    I started my business after leaving the service in 1982. With sacrifice hard work, great people surrounding me we have become a successful private company. Rock solid as of today.
    If I ran my organization like our government runs, it would have failed long ago.

    Hold on to your boot straps. Our military is in a slow fade. You know we are only holding on by borrowing from creditors. No financial stewardship anywhere to be found in our leadership. Remember the borrower is always a slave to the lender.

    We are now in the forefront of a major disruption! Do not kid yourselves!

    Our:
    Durability
    Vulnerability
    Volatility
    Viability
    Is fragile at best!
    Has been jeopardized by those we have supposedly had but our trust in. They have been driven by greed, dishonesty, disloyalty, and living in a pool of lies. Morality is not popular. Truth is not acceptable.

    1. The age of urbanization is not heading in a healthy direction.

    Accelerating technological changes which is moving to quickly to allow controlled growth

    Challenges of an aging world. There is a very good book that is available today which identifies exactly what has happened, is happening, and will happen! Its be on the best seller list longer than any other.

    Greater global connections that is extremely disruptive! The WEF is in full swing 😮since forming in 1971. Do your own homework. One extremely important value my service in the USMC taught me, was to KNOW OUR ENEMIES!

    The US has run its course. It's about to become the largest third world nation in history. It sad to see this is taking place.

    Every known empire throughout history has fallen. That is a fact no debating that one.
    This is no next big economic boom in the horizon for America.

    I served 8 years in the United States Marine Corp defending our freedom's. All of those who served before me, with me, and after me will always stand proud together. It is just so sad to see where we are today as a nation and as a global society!

  15. Whoa led to the collapse of a Swiss Bank instead! And now an Austrian Bank and soon a German Bank and #ongoing "whatever is called a Bank" in Japan going on 50 Years now…one small Bank in Iowa collapsed but was declared "too small to fail!" though which is something new "when isn't this time different?" Last time in 2008 no one Company actually outright OWNED well North of 10,000 actual HOMES in the USA…probably far far FAR more than that in point of fact. The claim is "they ain't sellin'!" but of course this is same place that has an entire State called "Florida" where rumor has it people do get the fuck outta there when the shit really does hit the spreader.

    Just a rumor of course needs to be backed up by hard data…which will be instantly refuted once given of course..

  18. HOW TO INVEST IN BITCOIN, FOREX, MUTUAL FUNDS, STOCKS, BONDS, REAL ESTATE

    A few points I would like to mention, Do not focus on recovering your money.
    Have a reliable trading system. Be patient. So you see someone making a million dollars in a week and you think: “why am I not able to do the same?”. Don’t worry, chances are that that guy also didn’t make that money by trading, but by selling a dream to people. I’ve been there. I lost €4000 in two months, when I first started trading. I was 17, it was a devastating experience and I lost my appetite for days. After that experience, most of my decisions in life were driven by my strong desire to turn that bad experience around and become a profitable trader. I went to University to study Statistics for the Financial Markets, I started to work part time in order to put some money in my trading account, I took private lessons from a licensed financial trader. I developed a few proprietary trading strategies, specialised in risk management, building software to optimise it for each one of my trading strategies. I learnt about the importance of keeping your emotions out of your trading business. You can learn from your experience and become a better trader, or maybe you learnt that trading is not your type of business. That’s absolutely fine. There are many other types of businesses out there that can give you plenty of satisfaction and enrich your life. I’ve never lived a better life than I do now as a trader. People like to think in percentages way too much. Let me explain; People look at the percentage of what a so-called pro-trader does, not realising that the market isn’t infinite and the size of your trade has a significant impact on how you can carry a trade out. I’m flexible enough to trade with high precision very close to how the market moves. Now, don’t underestimate a “small” position. I’m much bigger than your average trader @ home is. I frequently earn in a day what other people with so-called jobs earn in a year. Yet, for the FX market, I’m a big fish. “Big fish” that is making a couple thousand USD per pip. There is one last thing to say: The vast majority of people out there don’t have a clue how to trade and earn money. Today, I’m a full time trader, Financial Investment Advisor with 21years of experience. Expert in financial planning, analysis, and educating clients. Managed multi-million dollar portfolios, built strong relationships with clients, and helped them drive profitable growth. If you ever decide to follow the path of a successful investment & trade, I share my experience and some tips.
    WhatsApp Chat: +1(562) 563-4153 for more info.

  20. It almost seems like Biden is working with other countries to destroy America's economy deliberately for a cut of the money, so it is a sitting duck to get taken over by the other country. That is what he is getting paid all this money from these countries is for.
    Allowing China to traverse the country with the spy balloon. The facade of pushing real hard to say the economy was great, desperately trying to cloak what is really happening, futilly.
    Robbing all the citizens of their wealth have made America a very, very weak country now.
    The evil centibillionaires elite are mentally diseased to rob the amount of wealth from the innocent citizens, as they are, causing pain, suffering and death to millions of people by stealing all their hard earned money they need to survive. They need to be removed from the United States. They are a tumor committing genocide from their ultra thievery.
    All the geniuses in America could not go to college and utilize their minds to help the nation just because college is financially inaccessible and going to waste from lack of financial accessibility to quality health care. It is so bad in America, the average life span of America's has gone down. There are skilled professionals in Connecticut that have been homeless for 3 years now due to there not being any jobs, not even hold over menial jobs either. They lost all their life savings and transportation making getting out of the situation very challenging without the resources and no social services help whatsoever. The country won't even help them with food stamps. America is going down from the evil thievery of the evil centibillionares.
    If Biden pardons a turkey on Thanksgiving, this year he could pardon himself!

  21. I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

  22. A Bank crash/crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation or currency devaluation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370K portfolio is ruins.

  23. The ongoing banking crisis is far from reaching a resolution. Those with more than a decade of experience understand that credit crises do not dissipate within a mere two weeks. It's amusing to witness some people believing that everything has already concluded so swiftly. We are currently witnessing a credit contraction that will inevitably result in a substantial overall contraction.

  25. A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k.

  28. Good for us, that we wouldn't have let capitalism function properly in 2008. It's only ten times worse these days.
    Kick the can, Ken…!

    “I believe that [private cartel] banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the [cartel] banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the [private cartel] banks and restored to the people, to whom it properly belongs.”
    – President Thomas Jefferson (a founder of America. In a letter to the Secretary of Treasury Albert
    Gallatin, 1802. Published 1809)

    „The bankers own the earth. Take it away from them, but leave them the power to create money, they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.“
    – Sir Josiah Stamp, Director of the Bank of England

    "Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.”
    – President Andrew Jackson

    “Unrestrained financial exploitations have been one of the great causes of our present tragic condition.”
    – President Franklin D. Roosevelt, 1933

    „When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.“
    – Napoleon Bonaparte

    “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants; but debt is the money of slaves.”
    – Norm Franz, (“Money & Wealth In the New Millennium”)

    „Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.“
    – Leo Tolstoy

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
    – Henry Ford

    „Let me issue and control a nation’s money and I care not who writes the laws.”
    – Mayer Amschel Rothschild; 1790

    The Woodcutter and the Trees
    wikipedia. org/wiki/The_Woodcutter_and_the_Trees#Trust_betrayed:
    "In another variant of the theme, a woodman comes into the forest and begs the trees 'to give him a handle made of the hardest wood. The other trees selected the wood of the wild olive. The man took the handle and fitted it to his axe. Then, without a moment's hesitation, he began to chop down the trees' mighty branches and trunks, taking whatever he wanted. The oak tree then said to the ash, 'It serves us right, since we gave our enemy the handle he asked for!' This text comes from the Mediaeval Latin fable collection of Ademar of Chabannes, who comments upon it, 'You should think twice before offering anything to your enemies' (Ut cogites ante ne hosti aliqua praestes)."

    „If my sons did not want wars there would be none.“
    – Gutle Schnaper, Mayer Amschel Rothschild’s wife

    "The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
    – Lord Acton

    (President) Lincoln opposed the banking cartel – Assassinated
    (President) Taylor opposed the banking cartel – Assassinated
    (President) Garfield opposed the banking cartel – Assassinated
    „An Englishman who was wrecked on a strange shore and wandering along the coast came to a gallows with a victim hanging on it, and fell down on his knees and thanked God that he at last beheld a sign of civilization.“
    – James A. Garfield (1831-1881), House of Representatives speech, June15, 1870
    (President) Kennedy opposed the banking cartel – Assassinated
    (President) Jackson opposed the banking cartel – Attempt (survived)
    (President) Buchanan opposed the banking cartel – Poisoned
    (President) Ford opposed the banking cartel – 2 Attempts
    (President) Reagan opposed the banking cartel – 1 Attempt

    THE PRIVATE FEDERAL RESERVE BANK IS OWNED IN PRIVATE SHARES BY 8 ENTITIES: 1. Goldman Sachs Bank – NY 2. JP Morgan Chase Bank – NY 3. Rockefeller Family via Hanover Trust – NY 4. Kuhn, Loeb Bank – NY 5. Warburg Bank – Germany 6. Lazard Bros/Freres Rothschild Bank – France 7. Israel Moses Seif Bank – Israel 8. N.M. Rothschild Bank – UK

    „One must always reiterate the truth, because error is constantly being preached around us, not by individuals, but by the masses, in newspapers and encyclopedias, at schools and universities. Error prevails everywhere, comfortable with the feeling that the majority is on his side. … All revolutionary uprisings of the lower classes are result of injustices of the great…Revolutions are impossible as long as governments are constantly just and alert, so that they meet any potential uprisings with timely improvements and do not resist until the necessary is imposed from below.
    (…)
    In the sciences, however, that which has been handed down and learned at academies is also viewed as property. If someone comes along who brings something new that contradicts our creed, which we have been repeating for years and passed on to others, and even threatens to overthrow it, all passions are stirred up against him and we try to attack and suppress him in every way. You resist it as much as you can; one acts as if one does not hear, as if one does not understand; people talk about it with contempt, as if it weren't even worth being looked at or examined on; thus a new truth can wait a long time before it emerges.“
    – Johann Wolfgang von Goethe to Johann Peter Eckermann: Conversations with Goethe during his last years. In: Sämtliche Werke, Briefe, Tagebücher und Gespräche, Band 36 "Zwischen Weimar und Jena: Einsam-tätiges Alter". Deutscher Klassiker Verlag Frankfurt am Main, 1999. Tagebucheintrag 30.12.1823

    „We are a democracy, and there is only one way to get a democracy on its feet in the matter of its individual, its social, its municipal, its State, its National conduct, and that is by keeping the public informed about what is going on. There is not a crime, there is not a dodge, there is not a trick, there is not a swindle, there is not a vice which does not live by secrecy. Get these things out in the open, describe them, attack them, ridicule them in the press, and sooner or later public opinion will sweep them away.“
    – Joseph Pulitzer

    S.a.: Political Ponerology

  30. stop playing digital currencies in any transaction so all the companies able to survive(because digital currencies can be manipulated) debt bigger their income,failed to pay at the term of payment.Gov should support fast cash flow market,then to export industries,Gbu USA

  32. My name is Aleem chichrron what ever Mack on the money I own read everything it don't consider u buy Aleem is the owner of the bank if your ever looked to change Aleem chichrron name on the money you is a fool I make every body trie fald

  33. . It's always a honor to have you here as a mentor, I learn a lot watching your videos and it has encouraged me in making decisions about my finances that changed my life. Imagine investing $2,500 and receiving $18,500 in just a week. I must say that working with Aaliyah Rodney is the best.

  35. The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.

  36. "For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”

    John 3: 16 (King James Bible)

    9. “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.”

    13."For whosoever shall call upon the name of the Lord shall be saved.”

    Romans 10: 9+13 (King James Bible)

    “For all have sinned, and come short of the glory of God.”

    Romans 3: 23 (King James Bible)

    8. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us."

    9."Much more then, being now justified by his blood, we shall be saved from wrath through him."

    Romans 5: 8-9 (King James Bible)

    “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.”

    Romans 6: 23 (King James Bible)

    I hope everyone has a wonderful day, even in these tough times!

  37. Pollution levels have risen and it has affected the minds of the bank leaders which increase likelihoods of bad decisions. As consequences manifest from these bad decisions, the consumers having been affected by the same pollution are more fearful and paranoid and take drastic actions like mass withdrawals which have devastating effects which lead to bank closures.

    What must we do to prevent these bank closures and further economic damage?

  38. In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments..

  41. I do want to voice this and I can't stress it enough, this is the month, September that the government and officials are going to start putting holds on your bank accounts. Don't believe me well don't listen just keep scrolling. They said this earlier this year, they are about to try and do away with cash, cards, etc but crypto may be our next whole world currency, on that I'm really not sure but I do know when they hold your bank accounts, you will NOT have any access to it until the conversion is completed. Once again you can say no way but I'm still stressing this still till this day. But remember, if that bank closes, your money is gone. Seriously people wake up and watch your surroundings. We all the people could actually not accept the governments form of currency but we could create our own currency or keep cash and keep the government out of our pockets. I'm dead serious. You might think I am full of crap now and try to down me on this subject but I'm telling you just watch. Lots and lots of people are pulling all their money out of banks now. Anyway you will see,. Don't say anyone didn't warn you. I did. The whole world is on its way as of this month to change the currency of the world so it'll all be one currency for the whole entire world. This month it's already happening as I tell you this, and will be in alphabetical order as they freeze your account to convert it over. I still can't stress this issue enough. It is only so they can find out how much you make, what you buy, and how much you have. Listen my fellow Americans, please listen, the us Treasury is in this already doing this to their own employees as I tell you. Look it up! It's coming. Be warned, be cautious and pay attention. Put that phone down and see what's going on in the real world. Half of what you read on your phone is not true at all. Please oh please watch yourselves,. Get your money out and stash it before it's too late for you. Thank you all for reading. Copy, share, post this but please get the word out, they did announce this earlier this year for September and it's September, and by the end of the month if you're account isn't on hold yet it will be. Please everybody be prepared and cautious. If it comes down to it, all the people in the United States really don't have to accept the governments dollar, they tax it to death anyway and we need to boot them out of our lives and create our own currency and leave them behind. So what if we don't pay taxes on our own money meaning everyone in the United States, what are they gonna do throw us all in jail? Lol

Comments are closed.