ALERT! Another Bank Fails! FDIC Bails Out NON-INSURED DEPOSITORS AGAIN! GET OUT OF BANKS!
(Bix Weir) 11-5-2023
A small Non-Member bank, Citizens Bank, failed on Friday and once again the FDIC arranged a “Structured Bailout” of Non-Insured FDIC depositors!
This was the fifth bank to fail this year.
The issue that Citizens Bank has was the same deteriorating asset base but NO FEDERAL RESERVE BACKSTOP!
The Fed has lent Member Banks over $100B in the Bank Term Funding Program delaying the collapse of ALL banks but it won’t be enough to save them in a derivative collapse…NOTHING WILL!
https://www.youtube.com/watch?v=fJH-b9M9QiI
Russia Drops Economic BOMBSHELL On U.S.; “You Won’t Defeat Moscow”
Sean Foo: 11-5-2023
In a twist of events, Russian revenues soared in October prompting the US treasury to impose a hundred new economic sanctions.
However, there is an even greater chance of this backfiring that could unleash a bigger energy gas crisis.
Here’s why Russia’s economy isn’t collapsing and why exactly economic sanctions tend to fail.
Timestamps & Chapters:
0:00 US Treasury Unleashes Sanctions
3:01 Russian Revenues Soaring
5:56 Targeting Russia’s Arctic Gas
9:01 Confiscating The Reserves
11:36 Oil & Gas Will Flow
https://www.youtube.com/watch?v=FNbKXSXZgEw
Latest Data Reveals Recession Just Hit | Danielle DiMartino Booth
David Lin: 11-5-2023
Danielle DiMartino Booth, CEO of QI Research, discusses the latest jobs report, market response, and Fed monetary policy.
0:00 – Jobs report
3:45 – Fed monetary policy
6:38 – Inflation
8:17 – Employee retention credits
11:28 – Student loans
13:00 – Investment implications
15:29 – Asset allocation
https://www.youtube.com/watch?v=haWxbdG-tQ8
