Next Crisis to Trigger Massive Banking Sector Consolidation, 8 Banks to Call All the Shots - Ed Dowd

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  • Опубліковано 19 лис 2024

КОМЕНТАРІ • 207

  • @kitco
    @kitco  Місяць тому +3

    Liked this excerpt? Watch the full interview here: ua-cam.com/video/Cdom1Of0FMY/v-deo.html

  • @VanChuong-on2gh
    @VanChuong-on2gh Місяць тому +62

    Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis, bank crisis, retirement crisis. How many crises can a koala bear?

    • @mandyyonge
      @mandyyonge Місяць тому

      I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money

    • @TommyChong677
      @TommyChong677 Місяць тому

      gold to me is an inflation hedge for long term, but not quite profitable in the short run, you can get more insights or guidance from financial advisors

    • @tinsleyLuna
      @tinsleyLuna Місяць тому

      Straight up! investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. However, if it wasn't for covid-19 lockdown, I wouldn't have supplemented my income with stocks and alternative investments.

    • @RolandWingo
      @RolandWingo Місяць тому

      bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?

    • @tinsleyLuna
      @tinsleyLuna Місяць тому

      I have a female advisor named ''Camilla Marie Fuller. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.

  • @mutantryeff
    @mutantryeff Місяць тому +29

    Reported 9/20/2024: Last week the SEC accidentally published internal commentary along with a speech by Chair Gary Gensler. Here’s one of the comments which was mistakenly included.
    "I strongly recommend that a sentence be placed here (or somewhere [sic] in the first part of the speech) to reassure markets that you are not making the speech because you think there is an imminent crisis."

  • @johnbethea4505
    @johnbethea4505 Місяць тому +24

    "We the People" are the ones who are suppose to be the ones that have the power in the USA 🇺🇸. So many have forgot this.

    • @abeybaby29
      @abeybaby29 Місяць тому

      Exactly. Government has too big and with out of control spending and corruption

    • @HoneyBadger80886
      @HoneyBadger80886 Місяць тому +1

      We must Act to take our Sovereignty back. Bitcoin is the peaceful revolution. Becoming curious now is a good thing. Documentary God Bless Bitcoin is a discussion of labor and money and theft from a biblical perspective. ❤

    • @johnbethea4505
      @johnbethea4505 Місяць тому

      @HoneyBadger80886 I buy only hard assets that people or my family may need in hard times. I am 78 and grew up poor, so I go after things that I think will be useful and wanted.

    • @Just_a_Katie
      @Just_a_Katie Місяць тому +1

      Yes that is so true. They are suppose to be working for the people. We are the customers

    • @travisli-rufus1949
      @travisli-rufus1949 Місяць тому +1

      They are working for the corporate. Corporate is the people they are referring to.

  • @RussCR5187
    @RussCR5187 Місяць тому +24

    The same end goals of the oligarchs -- i.e., surveillance, universal digital ID, and control of financial transactions -- can be accomplished without a CENTRAL bank digital currency. The 6-8 banks could simply coordinate their efforts to emulate a CBDC.

    • @HoneyBadger80886
      @HoneyBadger80886 Місяць тому +1

      Bitcoin is bankless.

    • @Mondegreen2020
      @Mondegreen2020 Місяць тому +1

      Just like the legacy news media organisations.

    • @cherylkilboy4849
      @cherylkilboy4849 Місяць тому

      Just how would they do that?

    • @RussCR5187
      @RussCR5187 Місяць тому

      @@cherylkilboy4849 By sharing their use of government issued digital IDs, surveilled personal data (effectively in one huge database), using a single digital currency (like StableCoin) and stitching it all together with AI-based systems.

    • @4seasons546
      @4seasons546 Місяць тому

      In Canada we already inly have a few banks.

  • @drwinklepecker9298
    @drwinklepecker9298 Місяць тому +5

    Ed Dowd is the best.

  • @John-ww2fv
    @John-ww2fv Місяць тому +44

    Get ready for a new era of banking oligopoly.

    • @TheDuke792
      @TheDuke792 Місяць тому

      That's overstated! Regulators won't allow excessive consolidation. Anti-trust laws and financial stability concerns will keep competition alive.

    • @GibsonJames-gr3on
      @GibsonJames-gr3on Місяць тому

      History repeats itself. 2008 crisis led to massive consolidation. Next crisis will be no different. JPMorgan, Goldman, and a few others will dominate.

    • @SeanJohns-ze8ie
      @SeanJohns-ze8ie Місяць тому

      Banking consolidation will accelerate decentralized finance adoption. Cryptocurrencies and blockchain will disrupt traditional banking models.

    • @JasonAmir-qo4uo
      @JasonAmir-qo4uo Місяць тому

      Consolidation will worsen systemic risk. Fewer, larger banks increase interconnectedness and vulnerability to contagion.

    • @ThomasColt
      @ThomasColt Місяць тому

      Consolidation will create efficiencies and strengthen the financial system. Economies of scale will benefit consumers and investors alike.

  • @stevenkellysillick4042
    @stevenkellysillick4042 Місяць тому +3

    I just got a letter saying that my checking account is going to charge $2.50/month, AND OH BY THE WAY CHEMUNG CANAL CREDIT UNION IS NOW A SUBSIDIARY OF NORTHERN BANK, the next day I see a commercial, "Join CCCU, your local credit union", for Pete's sake, when are we going to break

  • @Just_a_Katie
    @Just_a_Katie Місяць тому +3

    Thank Michelle, you do such amazing interviews.

  • @jordanbutterfield1180
    @jordanbutterfield1180 Місяць тому +5

    The Fed DELAYED the banking crisis. That’s the bottom line.

  • @ronprychon2916
    @ronprychon2916 Місяць тому +5

    Might have to invite my neighbor over for dinner when things get bad🤔

  • @johnhemphill1938
    @johnhemphill1938 Місяць тому +1

    This is amazing and frightening, it's as if we are going back to the Renaissance when banks were few and money was more exclusive

  • @KorenJames
    @KorenJames Місяць тому +90

    Bitcoin has soared to a record-breaking high!

    • @MarkLiam-r5s
      @MarkLiam-r5s Місяць тому

      Yes, I read about it. The bill aims to regulate Bitcoin more strictly, which could affect its price. Some people are predicting a dip in the short term but a more stable rise in the long term.

    • @MarkDenver-o7y
      @MarkDenver-o7y Місяць тому

      I feel more comfortable making DESIREE RUTH HOFFMAN as my pecuniary confidante She offers comprehensive expertise across various peddle segments.

    • @HelenJames-o3d
      @HelenJames-o3d Місяць тому

      That's impressive, I've also been thinking about getting into Bitcoin and other cryptocurrencies, but I'm worried about the risks. How did Desiree help you navigate that?

    • @MarkDenver-o7y
      @MarkDenver-o7y Місяць тому

      She's incredibly diligent with risk management and her peddle study is spot on. I've been following her guild-lines for a while now, and I can boast six figures in returns.

    • @JohnJones-r5m
      @JohnJones-r5m Місяць тому

      Wow, that’s amazing! I've got some college debt and a mortgage that I'd love to pay off. Do you think Desiree could help me too? I’m really interested in diversifying my investments and getting into digital assets.

  • @jordanbutterfield1180
    @jordanbutterfield1180 Місяць тому +3

    So illegal immigrants, the homeless, welfare recipients, and social security recipients will be receiving UBI possibly? Yah, that’s bound to work out badly.
    As a senior on social security, one would have paid into a retirement system and essentially received NO RETURN ON INVESTMENT. Will the treasury give seniors a lump sum payout in advance of implementing UBI?

  • @Kin-28-8
    @Kin-28-8 Місяць тому +6

    The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

    • @DhanaPayar
      @DhanaPayar Місяць тому +3

      Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

    • @Michaelparker12
      @Michaelparker12 Місяць тому +3

      Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.

    • @Lewistonwilliams-f5i
      @Lewistonwilliams-f5i Місяць тому +2

      I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance

    • @Michaelparker12
      @Michaelparker12 Місяць тому +2

      Jessica Lee Horst is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @Theodorebarba
      @Theodorebarba Місяць тому +1

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @ma4o669
    @ma4o669 Місяць тому +10

    No worry, in 2030 everybody will be fine, and skinny 😂

    • @donbarlow8315
      @donbarlow8315 Місяць тому

      Hey.... F you! !! I'm fine and skinny now!!! 🙄 "😃-ZEMPIC" !!!

  • @JamesBerkowitzberky
    @JamesBerkowitzberky Місяць тому

    Thank you Michelle for the superb, insightful, and informative interviews. Grateful for the knowledge shared and learned.

  • @Kathleen-Wellner
    @Kathleen-Wellner Місяць тому +7

    They all serve one master that are all power..

  • @Submit-To-Babalon
    @Submit-To-Babalon Місяць тому +1

    6 to 8 banks running a country? That's Canada 100% ! Why doesn't anyone talk about that? Isn't Kitco news based out of Canada?

  • @cambriawellness3102
    @cambriawellness3102 Місяць тому +1

    Thank you both for keeping us informed. If the value of our USD plummets beyond 50%, and we're left out in the commerce cold, could we contend with this by manufacturing stuff that China usually does, at similar prices, or appropriate prices to the decline?

  • @johnsingleton5054
    @johnsingleton5054 Місяць тому +5

    Yah no banks are the most corrupt lol

  • @knowledgeincrease3326
    @knowledgeincrease3326 Місяць тому +3

    It's not Trump decision whether there's CBDC or not .
    Trump is not the establishment 😂😂

    • @RussCR5187
      @RussCR5187 Місяць тому

      Is it possible that the two attempts on Trump's life were shots across the bow, reminding him that he has puppet masters that he'd better dance to?

  • @darlawrence9295
    @darlawrence9295 Місяць тому +2

    “Give me control of a nation's money supply, and I care not who makes its laws.”
    -- Mayer Amschel Rothschild --

  • @BLUE_COLLAR_STACKER
    @BLUE_COLLAR_STACKER Місяць тому +8

    Debt slavery

    • @miketurin5233
      @miketurin5233 Місяць тому +1

      Yes. People with more money are just a little more privileged slaves but still slaves in the big system.

    • @RussCR5187
      @RussCR5187 Місяць тому

      @@miketurin5233 Isn't it amazing how many people are helping to bring about this catastrophe and will also suffer by it.

  • @loumartinez33
    @loumartinez33 Місяць тому +5

    Good info 👍 People need to be made aware of the really bad consequences that come with a CBDC. I'm glad Trump is bringing awareness to this issue and I really hope other UA-camr influencers talk more about this potential banking disaster.

  • @kevinzunigazuniga9472
    @kevinzunigazuniga9472 Місяць тому +1

    “control freaks“ sounds hilarious.
    Not allowed cbdc sounds unrealistic...

  • @ViperMike-c2r
    @ViperMike-c2r Місяць тому

    8:24 anybody else experience blocking with the speaker was trying To say.

  • @WhiteWolf108-fp5oe
    @WhiteWolf108-fp5oe Місяць тому +5

    Say “NO” to CBDCs!!!

  • @David-s6e4q
    @David-s6e4q Місяць тому +1

    “It happens one of two ways … fast or slow “. 😂

  • @mnp870
    @mnp870 Місяць тому +4

    Hope no failure of the US
    monetary system. We pray, In the name of Jesus may this financial crisis be ineffective and inoperative.

    • @davebrewer7170
      @davebrewer7170 Місяць тому +1

      Your prayer will fail

    • @RussCR5187
      @RussCR5187 Місяць тому

      In other words, we hope somebody else takes care of the threat.

  • @Andreallln
    @Andreallln Місяць тому +33

    I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k?

    • @Bobhenry-c7z
      @Bobhenry-c7z Місяць тому +3

      You might be waiting a long time, trade the chart! learn how to create a basket of securities like an expert or seek guidance fro
      one

    • @dogmom-pt5we
      @dogmom-pt5we Місяць тому +2

      @@Bobhenry-c7z Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

    • @EvanLiam-w9s
      @EvanLiam-w9s Місяць тому +2

      @@dogmom-pt5we I could really use the expertise of this advsors

    • @dogmom-pt5we
      @dogmom-pt5we Місяць тому +1

      @@EvanLiam-w9s Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @EvanLiam-w9s
      @EvanLiam-w9s Місяць тому +1

      @@dogmom-pt5we Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.

  • @marciagagnon2487
    @marciagagnon2487 Місяць тому +1

    🎉Interesting. The rest of the world wants a gold backed no Bankster games tracked system. Notice the fear porn.

  • @dominictusa8532
    @dominictusa8532 11 днів тому

    Does the CBCD apply to Llc, and other legal systems

  • @fasteddy6170
    @fasteddy6170 Місяць тому +2

    Remember The Federal Reserve Jumped in at DOW 6000 ..its a black ⚫️

  • @Jeffery-f2e
    @Jeffery-f2e Місяць тому +3

    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.

    • @Fred-w7t
      @Fred-w7t Місяць тому

      My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

    • @Theodore-l2j
      @Theodore-l2j Місяць тому

      Please can you leave the info of your investment advisor here? I’m in dire need for one

    • @raymond-i2v
      @raymond-i2v Місяць тому

      Thank you. I just checked her out on the web browser, She seems really proficient. I'll follow up with an email. Thanks for the lead.

  • @XrpIambo
    @XrpIambo Місяць тому +3

    BYOB problem solved

  • @stephengolden6080
    @stephengolden6080 12 днів тому

    "Freedom of Life, Liberty, Pursuit of Happiness, Choice, Speech, etc.!👍💚😐❤✌

  • @dianefant9486
    @dianefant9486 Місяць тому +1

    DO NOT SIGN UP FOR CBDC BANKING!

  • @robertk1834
    @robertk1834 Місяць тому +4

    Interview me Michelle over dinner 💘

  • @kadalora
    @kadalora Місяць тому +1

    Was this not from a while ago? Sounds familiar..

  • @darinthesecularspiritualist
    @darinthesecularspiritualist Місяць тому

    I bought a 1986 eagle for 37 dollars. San antonio coin shop today

  • @justanopinion-ub9pp
    @justanopinion-ub9pp Місяць тому +3

    I do want 50% market crash 🙏

  • @Kathleen-Wellner
    @Kathleen-Wellner Місяць тому +2

    UN passed the digital money on Sunday.

    • @wayfarinstranger2444
      @wayfarinstranger2444 Місяць тому +1

      How do you know this?

    • @cherylkilboy4849
      @cherylkilboy4849 Місяць тому

      Please explain

    • @Kathleen-Wellner
      @Kathleen-Wellner Місяць тому

      Seach it out.
      The United Nations has embraced digital currency and blockchain to support its mission and promote social impact. The UN's involvement in digital currency includes:
      Digital Currency Global Initiative
      A collaboration between the International Telecommunication Union (ITU) and Stanford University's Future of Digital Currency Program. The initiative's goal is to develop technical standards for digital currency that will promote universal access and financial inclusion.

    • @Kathleen-Wellner
      @Kathleen-Wellner Місяць тому

      @@wayfarinstranger2444
      The United Nations has embraced digital currency and blockchain to support its mission and promote social impact. The UN's involvement in digital currency includes:

      Digital Currency Global Initiative
      A collaboration between the International Telecommunication Union (ITU) and Stanford University's Future of Digital Currency Program. The initiative's goal is to develop technical standards for digital currency that will promote universal access and financial inclusion.

    • @Kathleen-Wellner
      @Kathleen-Wellner Місяць тому

      @@cherylkilboy4849
      The United Nations has embraced digital currency and blockchain to support its mission and promote social impact. The UN's involvement in digital currency includes:

      Digital Currency Global Initiative
      A collaboration between the International Telecommunication Union (ITU) and Stanford University's Future of Digital Currency Program. The initiative's goal is to develop technical standards for digital currency that will promote universal access and financial inclusion.

  • @Myscentsei
    @Myscentsei Місяць тому

    BREAKING: China banks do not need reserves..

  • @pitstopman
    @pitstopman Місяць тому

    More digital money not needed😢

  • @petergozinya6122
    @petergozinya6122 Місяць тому +2

    Ed has a horse 🐎 neck

  • @4seasons546
    @4seasons546 Місяць тому

    Hes been saying this since 4 - 5 years . Buy short term bonds keep cash ready for the bid collapse- mean while the stock market has made leaps & bonds. Yes gold went up also. So following his advice so far has been a losing strategy. Yes I have followed his advice! Staying “safe” meanwhile Ive missed making alot of money. I have to wonder is he just a plant too keep cash in bonds ?

  • @anthothiyahisrael422
    @anthothiyahisrael422 Місяць тому

    Four banks will be left.

  • @XdragonPie
    @XdragonPie Місяць тому +2

    I don’t like any other guest this time. Doesn’t know that we have stable coins already. Stable coins are technically figuratively CBDC’s

  • @tarawhite4419
    @tarawhite4419 Місяць тому

    In the end
    Only one will survive

    • @RussCR5187
      @RussCR5187 Місяць тому

      Who? Any volunteers?

  • @StevenLeeMusician
    @StevenLeeMusician Місяць тому +4

    How would GOLD be affected under a CBDC system?

    • @randywhelchel4674
      @randywhelchel4674 Місяць тому +8

      Blackmarket starts

    • @RussCR5187
      @RussCR5187 Місяць тому

      It will either go up or down or stay the same under that system. The end.

    • @StevenLeeMusician
      @StevenLeeMusician Місяць тому

      End of story? I think you might have missed something. That Gold becomes irrelevant or its use no longer needed maybe even banned. Which might be the entire purpose of digital. I think Randy's answer might be more on point.​@RussCR5187

    • @stevenkellysillick4042
      @stevenkellysillick4042 Місяць тому +1

      You can use it for hiring people during a crisis

    • @Just_a_Katie
      @Just_a_Katie Місяць тому +2

      Gold will have tons of value because the central banks, and wealthy people hold most of it for security and store of value.

  • @godscommandmentsaretruthis2837
    @godscommandmentsaretruthis2837 Місяць тому

    8:18... "well that's because they're control freaks." Love it... just love listening to Ed Dowd.

  • @VirMan78
    @VirMan78 Місяць тому

    Canada!!?? 😂 Are they 'that' important to you in today's age!? All the best.

  • @Gabber44906
    @Gabber44906 Місяць тому

    Rally with Harris??? Good lord

  • @N_I_T_Y_A
    @N_I_T_Y_A Місяць тому +2

    Recession...🤔

  • @Mondegreen2020
    @Mondegreen2020 Місяць тому +1

    Trump 2024!

  • @HANZELVANDERLAAY
    @HANZELVANDERLAAY Місяць тому

    Take a look at MMTLP stock.. fraudulent

  • @steelzmb4262
    @steelzmb4262 Місяць тому

    Click Bait

  • @daviddixon7019
    @daviddixon7019 Місяць тому

    Replacing the dollar with a CBDC is probably better than replacing it with corporate programmable digital currency: might Trump just support a USD CPDC?

  • @thunderbird3694
    @thunderbird3694 Місяць тому

    ROFLMAO

  • @VeganTrove
    @VeganTrove Місяць тому

    "Socialist" ?? 🤣🤣🤣

  • @knowledgeincrease3326
    @knowledgeincrease3326 Місяць тому

    Trump will say anything if he feels he'll get two votes 😂😂

  • @HuyHoang-tp6oe
    @HuyHoang-tp6oe Місяць тому

    Why do we always have negative news on this channel?

  • @countryslicker
    @countryslicker Місяць тому +11

    Read your bibles. This is Bible prophecy.. it will come to pass. All you can do is pray and get right with Jesus ACTs 2:38

    • @XrpIambo
      @XrpIambo Місяць тому +3

      And if you can't get your hands on a Bible, go read the Sumerian texts. Same information and it came before the Bible 😊

    • @2eroumgme753
      @2eroumgme753 Місяць тому

      Are bots pushing the Bible now?

    • @wasdwasdedsf
      @wasdwasdedsf Місяць тому +2

      @@XrpIambo uhm, and why did ancient cave people know the future?
      you sound like people talking about the mayan calender pre 2012

    • @Roylamx
      @Roylamx Місяць тому

      If you haven't read it, those "Cave People" were the progenitors and creators of our civilization today. How did they do it? They were inspired by the God they worshiped to see and write by the spirit of god the things he showed them, the gospel of salvation thru redemption and obedience as decided before the world was created.

  • @dwaleka
    @dwaleka Місяць тому

    Wrong again LOL !!!

  • @ipabbo1884
    @ipabbo1884 Місяць тому

    Thanks for getting political, NOT.
    I stopped watching at the 8:42 minute mark. It will be a while before I watch this channel again.