China’s Xi Ditches G20 Meeting – U.S. Freaks Out & Issues Scolding
Sean Foo: 9-8-2023
China’s Xi is not attending the G20 summit, sparking deep disappointment from President Biden.
After all the US-China tensions and economic conflicts, Xi’s absence could mark the declining importance of the G20 as a group to push out global change.
Here’s what you must know and why China can’t be bothered to attend.
Timestamps & Chapters:
0:00 Xi Abandons G20 Summit
1:49 China Has Given Up
4:33 America’s Agenda
7:07 The U.S. Moves To Counter China
9:53 The Big Meeting To Watch
The Fed Prevented (Or Postponed?) Bank Failures | MICHAEL PENTO
Liberty and Finance: 9-8-2023
The recession has been postponed, not avoided, says portfolio manager Michael Pento. He discusses the current concerns he has for the US economy and banking system.
The balance sheets of banks remains a huge issue, he explains and notes their assets are largely down or at major risk of value decline. If the Fed hadn’t stepped in, there would have been a “chain reaction of bank defaults.”
3:48 Bank Term Funding Program
6:49 Value of bank’s assets
9:23 Real estate market
17:00 Bank accounts
25:10 Pento Portfolio Strategies
25:53 Mainstream media