Jim Rickards: For God's Sake LISTEN! Take Your Money OUT of THESE Banks NOW!
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- Опубликовано: 10 сен 2024
- Jim Rickards warns of the vulnerability of mid-sized banks to rapid, digitally-driven bank runs, emphasizing the risks posed by high levels of uninsured deposits. He argues that the U.S. economy has been in a depression since 2007, with government debt and monetary policies weakening the dollar's true value. Rickards advocates for gold as a superior form of money and wealth protection, predicting its price will rise significantly as more people recognize its importance in an unstable financial landscape.
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James G. Rickards is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals. He is the author of Currency Wars: The Making of the Next Global Crisis and six other books.
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A country that's been badly managed for years & years and still is. It can go with hefty pricetag as you are experience now.All those retiree plans are now almost worthless. You've all been scammed by your government.
forget banks failing. its the bond market & the federal budget thats in danger of crashing. in which case FDIC insurance is not saving anyone.
More to come on the FDIC
The last one that leaves pays the bill "US"
Exactly amazing how much people are oblivious to it
What banks ?
ALL of them! Including, Wells Fargo, Bank of America and J. P. Morgan-Chase!
@@jamesmeagher7912 Just bringing some levity to the table !
I’m not a financial expert but, if everyone took your advice and took their money out of the banks what would happen? 🤔
Financial crisis
your Bitcoin is only as good as your ability to access the internet.......digital id coming soon
Don’t listen to Jim. If you had listened over the last 10yrs, you would be pulling your hair out by now…
True!
Jim is Bullshit in person!
Isn't he the same guy who sells newsletters ?
Fear and bank runs because of fear, can cause a bank to fail.
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto..
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I listen to all of them and Rickards makes the most sense. And that is for the last several years.
Frequent viewer here.
Jim, you're correct about the fact that we've really been in a Depression since, 2007.
In, December of that year, I tried to cash an insurance check for, $ 14.7**.00, @ the BOA, and they couldn't do it.
I could only get about, $ 3,000.00 & "change".
All of the rest I had to take as Cashier's checks.
Thanks for watching! Agree. It has been an inflationary depression since 2007 which is now approaching a "Crack Up Boom." Everyone feels good in nominal terms with asset prices going up but in real terms after all the inflation has been factored in we haven't gone anywhere.
Open a account in a small community bank, then write a check from BOA ! That’s easiest way to
Same thing happened to me at Wells Fargo. Took them two weeks to get the amount together. Told me they would add it to the branch’s next monthly draft.
FIDC insurance is for the elites and the central bankers. The middle class has no chance of ever being bailed out by FDIC. Rickards has been pedaling all this for years. Eventually his predictions will come true and then he can go write his next best seller claiming how he predicted everything. You go Jim!
What about silver? Isn't that affected by the dollar crashing?
no. silver is forever rigged at 25 dollars. everything else rises & collapses around it,.
Yes it will go parabolic!
Jim, what do you have to volunteer on PNC BANK ?
Thank you for your time.
………. He won’t answer ….. I tried !
That is a well thoughout process of how things could happen. Thanks Jim.
Hey Jim, what's the best gold to invest in, bullion?
The great les mccann n eddie hartis written by gene daniels
Love that tune
Credit unions?
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Breton Dollard’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
gold to 30000 and silver to 1000
I don't understand why at the end of the video he says if you are a Bond holder get ready to take a haircut. If we are going into a crash. Fed is going to cut rates. Bond prices will rise. Defaults? Maybe, but only on low quality.
If the crash is bad enough the government will tell you you're only getting X percent of the bond value back. Hasn't happened to the US yet in my lifetime but it's happened in other nations and it can happen here if things get bad enough.
Jim is referring to the Banks bonds not government bonds in this case. Banks are highly leveraged. In a banking crisis the equity (investors in the stocks) will be wiped out and investors in the debt (bond holders) will also take haircut depending on how much the bank's asset values fall.
@@financialwisdom1612 Ich dachte die Fed kauft diese Anleihen zum nennwert zurück?
bonds are like a dollar battleship tethered to pool toys.
@@Radagast49230The interesting thing I see in the American investor is that they believe that we can never have an extreme crash like that. Anything is possible.
Goodvishes🌹🌹
What about having money in Broker accounts like Schwab or Fidelity or accounts like that ?
Obviously jim has not been on the Internet when multiple people try and acces the same site.... They crash. They would halt trading and websites long before a bank run.....
Correct. This happened during the recent volatility
Embargo sanctuary WWSW political policy
Western grave train printing press
every year its the same, buy gold and take money out
crappy subtitles: many wrong words
This guy's seen too many movies! He's been saying the sky is falling for 30 years now!
Turn the bad captioning off!
It’s about the cash value attribution in the collateral…
Correct
14:04 #POW
I have a feeling the stock market sentiment is going to be negative unless there's a rate cut, the entire world's savings is depleted, the inflation is very high. The QE savings money has run out... the current economic data is from a 2020 to 2023 QE savings spike, once the savings are depleted, it's business as usual... without the consumer savings available for growth. The world may need to go back to QE... just to maintain current price levels in the real estate and stock markets.
Agree. It takes even bigger QE each time to keep the market afloat
@@financialwisdom1612 Someone recently noted: "We can't even remember what a normal market looks like before QE, a normal market was up and down every day... or every second day."
Hyper inflation will make any insurance worthless
Gold, silver and bitcoin an option
Doom and gloomers predict 1 of the crashes, 100 times.
$35,000.00 per shoelace...😊
If the Chinese economy is imploding, why is the IMF saying that the their economy will grow by 5.2% in 2024? Who is giving the wrong information here? I need to know
IMF, WEF part of the problem.
.haha..The Currency called Petro-Dollar is a Hybrid Currency Rate of Exchange..it is based both in Gold & Black oil....The only currency that will not fail is that based only in Gold...In Gold we Trust...Gold is synonymous with God..
Just sum it up in 2 sentence good grief
Jim likes to talk!
How does the fed gov know what anything looks like ? 👍 #Like #Subscribe #followers #highly
Bitcoin
So do i use gold to do my shopping? You still need to convert that gold into a currency to use.
for retail . yes. I'll be giving my local farmer what he chooses.
You keep enough fiat in your account monthly- everything else should have been converted into gold years ago.
You still have money in a bank?
Why? What interest rate do they pay you?
Gold is up 20% since January.
Up 35% in 22 months.
It’s not too late , gold is going to 3000 this year.
What stock holders? #444
Golden silver are my insurance policies against any dollar❤❤❤
We are the same
my local CU, Nusenda, just absorbed Western Heritage. Online access was minimal and it said the WH accounts would not be accessible at all until Mon.
More to come
Buuuullllllshit
There's only one solution to the entire financial mess: Buy Bitcoin. In 2 to 4 months the Supply Runs Out unless you're very rich already. Btc owners will be.
Jim Rickards, the ultimate BS artist !!!
JIM is in my high school doing a RUclips video😂😂