U.S. Banking Crisis 2024
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- Опубликовано: 3 апр 2024
- Bank failures ahead? John Maxfield with Maxfield on Banks talks about the State of the U.S. Banking Industry.
#useconomy #bankingcrisis #bankfailures
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Great interview, but the banking guy is cagey in his responses. He is clearly restrained and putting lipstick on his pigs - after all he cannot afford to be honestly critical of his client banks. Banks are definitely not charitable institutions thinking only of community service. They are operating for maximizing profits and value for their shareholders and bonuses for executives, always driven by greed, just like any business. Big or small, a bank should not be rescued and allowed to fail, even if that causes short term pain and economic crisis. This is the only way to discipline capital markets. The Fed is a bloated political institution that is deeply in bed with crony Capitalists.
Blah blah blah Ok he reads books and is a historian. AI is going to take his job. Our policies are at it roots based on human behavior and those privileged that control it.
Saying he’s neither for or against the federal reserve! 😂 I’m like they are creating this problem for all of us for 5 to 50 yrs and you don’t have anything negative to sayyyyy!? Not even to pinch the air!? 😂 nahhh!
This Maxfield guy is so full of himself. Man what an egomaniac and I learned nothing valuable :/
How's communism going for you?
I spent time, 20+ years on this subject solely for personal reasons. I disagree with a lot of his opinions.
"I'm a clown..." Agreed. Next.
🤣🤣🤣
Started the conversation in an honest manner. Good on him!
He actually told the truth at that one point.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
Thanks
Funny because that's literally what is happening.
But you did - and here we are.
Read that quote long ago. And also this quote from Henry Ford, “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Didn’t really understand what it meant all those years ago but I sure do now. And both are 100% accurate.
@@ace9840he said from the beginning people might get offended and if you criticize it, then is bcse your antisem
With banks controlling so much leverage in the housing and stock market, it's worrisome. I've experienced firsthand the fallout when a bank withdrew from a previously approved loan, costing my business $1.1 million in an instant
the bank loans provide the leverage that controls the entire economy, not something you shake off easily
I've made returns of 813k through strategic choices like shorting downturns hedging and avoiding heavily leveraged positions
how do you differentiate strategies from luck
good point. I give credit to research leading to Emily ava milligan, a top fund manager, making this successful with 300k, rather than luck
After I copied her name and pasted it into my browser, her website popped up. It's always valuable to have tangible examples to reference, thanks
I'm soooooo thankful! This guy in his Ivory tower plays the fence. If he's such a student of banking, how come he can't, or won't answer the question of who owns the federal reserve?
Word ... who does that ?
Rothchilds
He wants to stay alive.
Rothchilds, rockerfella , Morgan,DuPont, soros , Walton’s etc they run the world
felt like he had no idea what the fed is or how it works 😐
Not this guy again. We need a guest who’s in touch with reality.
He lost his shoes
He knows too much, he's covering his tracks.😮😮😮
Remember that time Jerome Powell, Janet Yellen and the 400 PHD economist at the Fed concluded inflation was "transitory"? Good times!
So were the dinosaurs.
What doesn't 'transitory' even mean. Technically even Argentina style inflation will eventually be 'transitory'. Horrible term to be used.
I also remember when Janet Yellen, not long after her Fed chairman job, when she said she wouldn’t see another recession like 2008 in her life time. And I laughed.
This guy is making it up as he goes.
I thought the Federal reserve bank was started by the big three R families Rockfells, Rothschild, Ruthford something like that.. Lincoln was opposed the the Fed and wanted to make a barter currency backed by commodities and guess what happened to Lincoln 😳
Americans not suppose to know that’s why they call it Federal 😅
if you study banking you are off a whole lot...lol
@@ericwilson2632 not surprised I haven’t that’s just what I remembered from 40 plus years ago, enlightened me with the story.
If this guy realty knows the banking industry. He would be yelling for change from the roof tops.
1. A guy who works for banks so he won't comment on actual bank health.
2.Says he isn't trying to protect the banks but is protecting us. But he works for the banks???
3. States False rumors causing 55% of bank failures (#1 reason for bank failures).
4. States banks have high quality capital, but doesn't state what it is or what it comprises of. Commercial Real Estate??? Depreciated Bonds?????
5. Blames Federal Reserve for causing the problems. Awww is the Fed causing your bosses some trouble???
6. Admits to high finance controlling/being embedded in the FED, in extension in control of the markets.
7. Banks are community oriented. If you mean taking from the local communities and handing it to wall street through financial bailouts(inflation).
I got bored after 25 minutes and this was all I could handle. Almost turned it off after points 1 & 2.
31:30 How can you in the same minute say Powell is a smart guy and not a clown but then say you think he actually believed interest rate at 0 wouldn't be causing inflation?
Why does this guy seem like a plant CIA NSA Big business The Federal Reserve sent him I don't know but something is off about him no disrespect just an observation
Bankers do not have any money. It’s the peoples fiat currency.
The shareholders own the FED and the biggest shareholder is Jamie Diamond So technically JP Morgan Chase owns the FED
*Dimon. He's Greek.
@@tarey05 that was a voice text. Go figure.
@@tarey05Jamie Demon, he is a banker. Haha
You lost me at “he’s been studying banking for 12 years and doesn’t know who runs the federal reserve”
Agree. I studied it for far longer than 12 years, admittedly for personal reasons. So either he hasn’t studied it for 12 years or he's not telling the truth.
I almost ran away when I saw who the guest was. But I must say.. well done, Todd. You are a great producer! Like what you did there. 👍
Run!
nah I tapped out. Can't listen to this weeb talk about himself
@MurphWilds Thank you 🙏
@@SachsRealty You guys are really bringing it!
good content! for me 1/3 of cash in bank..1/3 in credit union..1/3 in gold&silver mining stocks..NOT ALL my eggs in one basket....Faith still no. 1.
The rich for centuries have gone with 1/3 Land, 1/3 Gold, 1/3 in things like fine art.
he is not answering the questions he is dancing around them
I think we will be living with this forever, not just 50 years
He thinks that the FED is well-intentioned I have to disagree for the fact that they can't come out with real inflation numbers cherry-picking the data you need to get your numbers from things that people use daily
Well either the Fed has no clue about what they're talking about when it comes to the economy or worse they're lying. 2008's Great Recession couldn’t have made that any clearer. Especially what they’ve done since making this recession far worse.
they don't use the right items for inflation you know they lying...
He sounds like "Bailey Savings & Loan" speech by Jimmy Steward, in "It's a wonderful LIFE" Movie.
That's because he's Sniff, Charleton. He doesn't want to give the appearance of being a malcontent.
😳
@@SachsRealty It is true and we all know it. Why do bankers generally HATE people who are not in debt? Banks call people like me "Deadbeats". I'll be productive and fund my own businesses without paying the "bankers tax". OPM is less valuable than Fiat currency to me. But banks live off of OPM and make huge profits off of the debts and misery of others. It is a HUGE Ponzi scheme to know that NOTHING backs our currency. Maybe we need some bank insider whistle blowers to start screaming at the top of their lungs about the crimes they see every day. With Freedom of speech and the internet Podcasts we might finally see some fear and stress from shady bankers?
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you Luna Cox imagine investing $1.5k and receiving $5k in 4 days.
I've been procrastinating to start something for myself but don't just know what the requirements are!!!
I'm also one of the beneficiaries of Luna Cox. Relying upon this administration is nothing but a total waste of time. So happy I gave it a trial after being skeptical of the process.
WOW... amazing you know Luna. Her method last week was amazing and the strategies were mind blowing...
Is there anywhere I can get across this woman for a startup???
*SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME*
Wrong, the national debt is not inching up, it is Rocketing up
Only a few trillion dollars a year 😂
They always pretend everything is all good, then scream "Black Swan" when the poo hits the fan.
I got all this knowledge from what I've read, but a person in my position can't share it with you. It's for your safety, trust me I want to help you. Thanks bruh....
No bank is safe.
just a little adjustment - the safe bank is the one you own because you WILL get bailed out by the American tax payer if and only IF YOU OWN the bank. Just watch and see.
If banks are not safe, then where is the safe place to keep or invest?
Credit unions are better.
@@roberts5829nothing fiat is safe. You need to hold a commodity of value to be safe
@roberts5829 not ALL of them.
Our government is overspending constantly. This is fuelling inflation. Other facets like higher energy costs are also fueling it.
so many industries in crisis, is breaking records new highs, but nothing changes. Alease in Fresno metro Area in CA, everything is still busy as usual, car dealerships still over MSRP, houses still being outbid, Tesla's everywhere in Clovis, all houses for rent being post on Zillow by LA and Bay Area owners, 47 active new construction Communities with some building 1000s home on each subdivision and all still raising price, yet the average household in Fresno's 70K and 90's for Clovis
Agree, and I like to check the comps of my properties and they are all going up, up and up while few are on the market. I guess some mortgage companies are betting that house prices wont drop over the period of the loan. I am not a bank and I know my house values will drop at least 50% over the next five years. So that makes banks look dumber than me for not knowing this. I would never buy my house ( that I built) at the crazy prices that the ZIndex says it is worth. I have seen 400% appreciation over ten years. Why?
John is desperately attempting to philosophically handle this topic but there is one problem. Not once did he address the obvious flaw that banking requires ever increasing amounts of debt creation to maintain viability. Perhaps the system itself needs to be fundamentally redesigned? Why aren’t we talking about that ever? The monetary system needs to be changed so that growth is not required for it to remain viable.
Maxfield and Sachs, all need to know.
But he's read 600 books. Trust the science.
With all due respect;
Your guest is on the side of the bankers and the fed.
It's a total waste of time listening to him.
READ BETWEEN THE LINES. BEFORE HE ANSWERS HE STATES I CAN NOT SAY THAT. AND MOVES ON ON SAYING THE OPPOSITE WICH IN REALITY WE ALL KNOW WHAT HE IS REALLY SAYING WITH OUT SAYING IT. LIKE EVERYONE HERE WE ARE SELFISH AND LOOK AFTER OUR ON INTEREST AND THE LAST THING THIS GUY WANT IS NOT HAVE A JOB BY TELLING THE TRUTH FLAT OUT THE GUY IS VERY SMART.
@@juangarcia-cn4thdumb comment
a greedy banker is a wealthy banker
Not quite sure you are interviewing this guy to learn about our fiat system. You know more than he.
We’re looking at a potential financial and economic collapse. And, a social collapse, largely a result of wokeness, a putrid stew of socialism, entitlement, overt hatred, covert hostilities, and insane views on race and gender. These things will underwrite a huge political upset in this election year.
If we can stop mail-in-voting, and no required ID? Otherwise, more midnight ballot arrivals and pipe breaks...4 more years of Biden.
Definitely one of my favorite channels.
Always A+ fascinating content
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.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
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?
Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
You guys are doing a great job covering these topics!
I really enjoy your program
Great video and valuable insights!!! Thank you!
I really enjoyed your interview I watch your channel quite a bit ..good work !
Great conversation Todd ( and crew)……
You took this guy to the edge and hes not willing to call them out fully. Clearly he squirmed.
Nice to see the Milky Bar kid is making a comeback 😂😂
Great interview, love the socks
Please don't have this guy back again. He's clearly a friend to the other side.
Why does this have to be a "sided" issue?
@@nonexistent5030 Did you watch the video? And it doesn't have to be a sided issue. No one is above reproach. But when you have someone who claims to be neutral, yet they fear criticizing one regime but not the other, something is wrong.
John is Amazing! I learned a lot. Thank you.
🤡
Thank you
1989! I was waiting for that, Todd. Really good video today.
1989 😂 Thanks TJ 🙏
Great Show! Awesome information!
This was an amazing interview.
I would borrow all the money I could to buy every Mercedes at the dealership for $1.00 each
They’ll take commercial real estate to the absolute brink and THEN lower rates.
Wow what great guests.
Pre watch, I was wondering why the comments got mildly hostile toward the guest. Listening to it, i now understand
Thanks
That was a great podcast !
Thank you Todd for always bringing reality to our nation. I feel like this wasnt the greatest interview but i appreciate your transparency for our current state.
thanks Todd, you asked some great questions of this banking industry expert. My takeaway is that the banking industry and the Fed do not concern themselves much with understanding residential RE economic trends
amazing interview
Why would the Fed deny a Master account to a Bank with a 1 to 1 backing instead of fractionally?
Huge difference between my local bank and a "too big to fail" abomination. The GFC didn't come about through good intentions and it was largely cause d or allowed by "bankers".
It’s awesome that folks are really waking up.
After all those banks mentioned collapsed, it only puts us at the "edge" of a crisis. Well, the Fed must be doing a good job at keeping this crisis contained.
If my money is not safe in the where should I put it, or what should I do with it.
Love this video yes lots of value 😊
Excellent interview Todd… I am a newer follower and I must say, your common sense approach to economics is refreshing. Keep delivering valuable content!
Welcome and thank you 🙏
Glad to see Todd constantly pushing his guests to answer tough questions without letting them off of the hook.
Having said that, I think the American real estate market is dwarfed by the amount and percentage of GDP of the Chinese market (which appears to be collapsing at a quick rate).
Which Banks was John referring to that are “obviously” going to be exposed when the tide recedes? Thanks for interviewing him, so knowledgeable and genuinely sounds like he wants to help us regular people.
Gas, food, RE, autos utilities and retail inflation clear in 2020.
When was this interview filmed?
Great interview with John Maxfield. Changed my thinking that the Fed is an ogre and exists only for the big banks and not the people. The part about cycles is most interesting. Seems we have entered a new cycle and liquidity is going to be destroyed through the stock market. Evidence of this can be seen in the most recent increase in the price of gold. Keep up the good work.
Love these intelligent guests and interviews!
Loved this video. My logic is right in line with you. I believe the invisible hand is controlled.
Nice way of pushing this kid to answer who owns the fed. He did not answer the question. Wow, 12 years of reading books and not knowing the obvious.
47:19 First by inflation then by deflation. You will own nothing and be happy.
I never understood how the above could happen until David Rogers Webb laid it out.
I appreciate the conversation and the dance. Neither of you are aware of the realities of what actually took place in 2009 that created the last 15 years. You infer the right questions but you either have no idea what actually happened or you're not willing to go there.
I question the integrity of someone who says that their voice can massively sway people’s minds but then go back on to say that they openly lied because they don’t believe people can handle the truth. I hope I misheard that. Others this guy is no better than those who have put us into this mess.
Banks are a house of cards.
This guy the best political answer regarding who owns and control the private institution “Federal Reserve”. He doesn’t want to come out and say plainly that old money owns the Fed.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
I prefer Simon Dixon on understanding banking, he blows away this guy.
I disagree that strongest economies are the ones that internally grow, especially if the growth is purely from controlled inflation. You can't in the long run sustain growing economy with debt and intangibles if you don't have hard tangible commodities behind.
Thanks, money is safe at banks, on merits of a very fine line
Todd, do you think we have two separate economies in this country?
Does this maybe explain the divergent opinions of the “economy” being good or bad?
I'm hoping banks revalue gold next month or so 10 to 20 times it's current value to bring them out of insolvency. They are running out of tools.
Wish you had dealt with CBDC issue and effects it will have & ways to avoid. Plus the Dodd Frank Act and the banks ability to do a bail in. Also whether the FDC has funds even to cover deposits under $250,000.
Large Regional Banks own Shares of The Federal Reserve that pay a 6% Dividend. The Federal Reserve isn't owned by The Federal Govt.
What he left out is they dont have strong capital
Great discussion!
The worst thing that’s ever happened to the middle class is the commodification of single-family housing
The financialization of housing has been the great trap whereby the middle-class tightens the noose around its own neck.
Sorry, but in a typical bank, where do you have cash if they loan out as much as they can?
In all honesty, I don't pay attention to quarterlies of banks but I would imagine that would be the case since they want to issue as many loans while keeping as little reserve as possible.
The guest is not my cup of tea
Mr. Beat around the bush. He knows way more than he’s saying
hes a self admitted liar.
Banks are financial intermediaries. But, more importantly Banks are the Biggest Creators of Money out of Thin Air via loans they make and since 2020 during the Servacis Pandemic the Federal Reserve removed all Fractional Reserve Requirements from Banks.
54:15: "We want forbearance". No. We don't. Stop bailing out these failing institutions. Let true price discovery happen.
Heard transitory on the news back then and knew… it was not.
Now I know what won't happen. Thank.
Interesting interview a lot was said in everything he did not answer. Like I know how he didn’t go, in-depth into the real estate and commercial market bubble, but he did note that rising interest rates were going to cause Bank failures. I think he’s avoiding telling us which ones.
No bank safe is safe.
If leverage is the problem then “the good of the people/us” requires that a new approach be navigated rather than resigning to this guest’s conclusion that “if we talk about it being bad it will be bad for all of us.” NO! The Banking industry as-is is not good for anyone…leverage is dishonest at it’s core amd allows the few at the top to benefit from it.
Mortgages rates should be at a low fixed rate regardless of what the rest of the financial world is doing or what a persons credit score is.