BTFP (Bank Term Funding Program) Shutdown Starts Tomorrow: Everything You Need To Know
Taylor Kenny: 3-10-2024
As the countdown to March 11th looms, the fate of the Federal Reserve’s emergency bank bailout program hangs in the balance, sending shock waves through the economy.
Brace yourself for a riveting exploration of high-stakes finance, where the stakes couldn’t be higher and every decision reverberates with consequence.
CHAPTERS:
00:00 Bank Bailouts Set To Expire
01:44 Significant Unrealized Losses
03:27 Bank Term Funding Program
05:56 Commercial Real Estate Debt
https://www.youtube.com/watch?v=NgB0kJCR6fA
U.S. Economic Crash Worse than 1929 – Peter Schiff Issues Warning
Sachs Realty: 3-10-2024
Peter Schiff says the U.S. has made mistakes that will result in a depression worse than 1929
https://www.youtube.com/watch?v=zRZ1LrT3nas
Rafi Farber: 1970s Are Repeating for Gold, Too, Not Just Silver
Arcadia Economics: 3-10-2024
Last week Rafi Farber detailed how the silver market is playing out the late 1970s almost exactly, and how we are currently situated in 1978.
Well, it’s not just silver. With gold at new all time highs and silver lagging, this was also the exact same situation of that year. History is repeating, and we should not be surprised, as human nature does not change.
Meanwhile, the Bank Term Funding Program is closing up next week, and one month later, about $80B in emergency loans from the Fed come due.
The problem is, the Treasury’s those banks turned in for all that cash, are even more underwater than they were back then. The Fed’s balance sheet will necessarily shrink by at least $80 one month from now, and this as the reverse repo facility comes close to zeroing out.
Gird your loins, as they say. It’s going to be an interesting springtime for gold bugs and silver apes. To find out more, click to watch the video now!
https://www.youtube.com/watch?v=lSGY47m7wu4
Oil Giants SHUTDOWN German Plants, India Dumps USD Payments For Oil, Shameless US Jobs Report
Sean Foo: 3-10-2024
In the latest blow to German industry, oil giants including BP and Shell are scaling back their oil refining in the country.
This threatens to pile on more pressure, making manufacturing even more expensive. Meanwhile, India is trying to de-dollarize their oil purchases away from the dollar, this is another big move by the world’s third-largest oil consumer.
And finally, we must break down the latest and shameless jobs report from the BLS.
Timestamps & Chapters:
0:00 German Oil Industry Crisis
3:05 Deindustrialization Getting Worse
6:24 India Refuses US Dollar Oil Payments
9:31 The Disastrous US Jobs Report
12:48 The STRONG Economy Story
https://www.youtube.com/watch?v=5TZqZbJ_geY
