This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.
It's often overlooked that banks are also corporate entities driven by greed. One of the contributing factors to current bank crisis is the banks' excessive leveraging of assets. However, on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
A common oversight is that banks operate solely in the service of yield. Personally, I am hesitant to keep substantial sums of money in a bank. Instead, I opt to invest under the guidance of experts, reap the advantages, and diligently save for my retirement.
That's grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though?
Carol Vivian Constable is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I've been watching your videos through - choosing a fixed interest rate for an overpriced house i put an offer for in March 2022, hyper inflation over the last few years, a shift in your content from being Canada-specific to US-specific, and now having saved (and invested) an amount equal to the down payment i made back in 2022. I surprised myself when i realized my down payment took more than 4 years last time but this time around it only took me 2 years, all thanks to your videos. Keep pushing this kind of content!
Major Banks will NOT be allowed to fail. That's been made crystal clear by government. What's more likely is a financial currency reset that Banks will spearhead. Be diverse OUTSIDE traditional currencies and hold assets without debt. Good luck
FDIC is a CROCK OF $HIT!! The percentage of cash reserves the FDIC has on hand as compared to the total value of bank deposits nationally IS ONLY 1.17%.
The banking crisis "contagion" is government bonds. The banks are coerced and forced to buy government bonds with customer deposits. As yields (interest rates) increase, the present value of those bonds is less than what the bank paid with customers' funds. This *bank run* will destroy the economy with a *Greater Depression* lasting for 10+ years.
100%. The FDIC should have never bailed out SVB like they did because those deposits were way above the $250k threshold and I do not buy the reason given by Janet Yellen that SVB was systemically essential. Dodd-Frank stipulates that tax payer money can never be used again in bank bailouts like they were in 2008. Instead, it calls for "Bail-ins" which means that if you have money in an account in a bank that is failing, they take some of your money and use it to help the bank from going under in exchange for shares in the bank, which at that point is pretty much worthless. Why would I want shares in a bank that's failing? Why is my money being used to bail out a bank that is acting risky? That is why I have diversified ; big bank, regional bank, local bank & credit union accounts. This way, when(not if) the dominoes begin falling, all of money isn't tied up in a failing institution and I can pull it out before I get a haircut on my accounts.
They didn’t have enough to cover the banks that have failed this cycle if they all failed at once. They fail, get bailed out, FDIC borrows to refill, wash, rinse, repeat.
I absolutely love your content, and you have so much to share. However, the way that you “up speak” makes it sound like you are rushing through trivial information, or lack confidence in the information. It’s the difference between listening to a professor, and somebody who is reading off bullet points.
@@NolanMatthiasdon’t you just love the viewers who think it’s necessary to push their constructive critisms 😅 I disagree with the opinion, just so ya know
The latest FDIC report clearly states that they only have about 1.17% to cover the entire banking system. I would of thought that you had done more research prior to posting this video. Fact is, your information is to a point accurate, however, other important factors have not been included.
Yes I get that, however it’s insurance and the large majority of of bank failures are either due to operating constrains or liquidity events like that of SVB. In the case of SVB the assets to back the deposits existed, they simply weren’t liquid, so the fdic can take on the burden with little to no exposure. This is true for most bank failures so the reserves required to back the banking system aren’t as big as one might expect. That’s why SVB depositors were able to be made whole in excess of the $250k limits that typically apply.
While the US experiences a few bank failures every year, we haven't had one in Canada for over 20 years. Why are we suddenly talking about it? If you see issues that potentially could get us blindsided, CRE exposure? TD's recent troubles? New exotic products , like CDOs. in the system? Please point out those issues explicitly....because now I am worried.
The issue is that this is global. So was 2008 GFC, but China essentially bailed out the world in the GFC. The issue is that there is no country now that isn’t so encumbered by debt that it can positively impact the world if things crash world wide. Canada has loans that mature in 3-5yrs so the longer this goes on, the more and more people have these high interest loans, and also high housing costs-same as everywhere else BUT if a global recession/depression sets in, you will experience what the US experienced in ‘08.
@@NolanMatthias You did not add a link to the video :D Yeah I was just hoping Nolan focused on Canadian finances as that is the biggest reason I started following him as most information out there is mostly for Americans. I can understand the audience for America is bigger but was hoping Nolan as a Canadian would defy the odds :D
This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.
It's often overlooked that banks are also corporate entities driven by greed. One of the contributing factors to current bank crisis is the banks' excessive leveraging of assets. However, on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
A common oversight is that banks operate solely in the service of yield. Personally, I am hesitant to keep substantial sums of money in a bank. Instead, I opt to invest under the guidance of experts, reap the advantages, and diligently save for my retirement.
That's grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though?
Carol Vivian Constable is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
I've been watching your videos through - choosing a fixed interest rate for an overpriced house i put an offer for in March 2022, hyper inflation over the last few years, a shift in your content from being Canada-specific to US-specific, and now having saved (and invested) an amount equal to the down payment i made back in 2022. I surprised myself when i realized my down payment took more than 4 years last time but this time around it only took me 2 years, all thanks to your videos. Keep pushing this kind of content!
Major Banks will NOT be allowed to fail. That's been made crystal clear by government.
What's more likely is a financial currency reset that Banks will spearhead.
Be diverse OUTSIDE traditional currencies and hold assets without debt. Good luck
FDIC is a CROCK OF $HIT!! The percentage of cash reserves the FDIC has on hand as compared to the total value of bank deposits nationally IS ONLY 1.17%.
The banking crisis "contagion" is government bonds.
The banks are coerced and forced to buy government bonds with customer deposits.
As yields (interest rates) increase, the present value of those bonds is less than what the bank paid with customers' funds.
This *bank run* will destroy the economy with a *Greater Depression* lasting for 10+ years.
Will the FDIC have trouble paying to cover our accounts if many banks fail?
100%. The FDIC should have never bailed out SVB like they did because those deposits were way above the $250k threshold and I do not buy the reason given by Janet Yellen that SVB was systemically essential. Dodd-Frank stipulates that tax payer money can never be used again in bank bailouts like they were in 2008. Instead, it calls for "Bail-ins" which means that if you have money in an account in a bank that is failing, they take some of your money and use it to help the bank from going under in exchange for shares in the bank, which at that point is pretty much worthless. Why would I want shares in a bank that's failing? Why is my money being used to bail out a bank that is acting risky? That is why I have diversified ; big bank, regional bank, local bank & credit union accounts. This way, when(not if) the dominoes begin falling, all of money isn't tied up in a failing institution and I can pull it out before I get a haircut on my accounts.
They didn’t have enough to cover the banks that have failed this cycle if they all failed at once.
They fail, get bailed out, FDIC borrows to refill, wash, rinse, repeat.
I absolutely love your content, and you have so much to share. However, the way that you “up speak” makes it sound like you are rushing through trivial information, or lack confidence in the information. It’s the difference between listening to a professor, and somebody who is reading off bullet points.
Interesting. Thank you for pointing this out. Didn’t even realize I was doing it.
@@NolanMatthiasdon’t you just love the viewers who think it’s necessary to push their constructive critisms 😅 I disagree with the opinion, just so ya know
Stop b1tch1ng and listen
Why buy if you know your getting ripped in Khanada
The latest FDIC report clearly states that they only have about 1.17% to cover the entire banking system.
I would of thought that you had done more research prior to posting this video. Fact is, your information is to a point accurate, however, other important factors have not been included.
Yes I get that, however it’s insurance and the large majority of of bank failures are either due to operating constrains or liquidity events like that of SVB. In the case of SVB the assets to back the deposits existed, they simply weren’t liquid, so the fdic can take on the burden with little to no exposure. This is true for most bank failures so the reserves required to back the banking system aren’t as big as one might expect. That’s why SVB depositors were able to be made whole in excess of the $250k limits that typically apply.
Does this even matter? FDIC coverage is infinite (as long as you're rich).
Then why isn’t there a few trillion dollars in the DIF?
While the US experiences a few bank failures every year, we haven't had one in Canada for over 20 years. Why are we suddenly talking about it? If you see issues that potentially could get us blindsided, CRE exposure? TD's recent troubles? New exotic products , like CDOs. in the system? Please point out those issues explicitly....because now I am worried.
The issue is that this is global. So was 2008 GFC, but China essentially bailed out the world in the GFC. The issue is that there is no country now that isn’t so encumbered by debt that it can positively impact the world if things crash world wide.
Canada has loans that mature in 3-5yrs so the longer this goes on, the more and more people have these high interest loans, and also high housing costs-same as everywhere else BUT if a global recession/depression sets in, you will experience what the US experienced in ‘08.
Damn I wish you gave Canadian information as well regarding CDIC
major difference CDIC only insures $100k not $250k like FDIC. CDIC really needs to get with the times.
Here’s a link to a video with some Canadian information
@@NolanMatthias You did not add a link to the video :D
Yeah I was just hoping Nolan focused on Canadian finances as that is the biggest reason I started following him as most information out there is mostly for Americans. I can understand the audience for America is bigger but was hoping Nolan as a Canadian would defy the odds :D
No worries - I have another channel now dedicated to Canadian finance, just search my name and it should pop uo.
Don't Paid Your Mortgages.
Don't Paid Credit Cards.
Don't Paid Loans.
DON'T BORRY MORTGAGES = WE Will Controls BANKRUPTCY = STOP CORRUPTIONS
Eftersom Sverige är ett mycket litet land i världen så känner jag mig ganska LUGN Sverige har andra problem!!!!!!!