The Biggest Banking Crisis Of Our Lifetime Is Already Upon Us And It's Worse Than You Think
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- Опубликовано: 3 май 2024
- A 10-billion-dollar bank was just shut down by U.S. regulators in the first big bank failure of 2024. The Federal Deposit Insurance Corporation announced the collapse of another major financial institution just a few days ago, the sixth of such kind over the last 12 months. The event has triggered fears of cascading bank failures, with economists warning about rising risks and mounting stress for almost 300 institutions. As economic uncertainty continues to weight on financial markets and add pressure on the commercial real estate sector, many banks that seem too big to fail are now facing unprecedented losses that could put them on a very destructive path, the experts say.
In the final days of April, Republic First Bank, a Pennsylvania-based financial institution has collapsed. Earlier this week, the FDIC issued a note saying it had stepped in to protect $6 billion in assets and $4 billion in customer deposits. The federal agency transferred the deposits to another regional bank after an agreement was reached.
Struggling under the regime of higher interest rates, Republic First Bancorp suffered painful losses due to its high exposure to the commercial real estate market. The bank's fourth quarter report cited "serious difficulties amid an elevated interest rate environment," with executives noting last year that the Fed's monetary policy to curb inflation "severely hurt" its commercial real estate portfolio.
The sector, which has been facing numerous challenges since the COVID-19 pandemic, accounted for nearly half of Republic Bank's loan book. The institution was also facing other significant problems, including low liquidity and battles with activist investors. In October 2023, Republic Bank managed to secure $35 million in funding from a group of investors led by George Norcross, but that plan fell apart in February.
Now, another regional lender has come forward to rescue the bank's assets. Fellow Pennsylvania-based bank Fulton Financial Corp has agreed to acquire all of Republic's assets and over $5.3 billion in liabilities. On Saturday, Republic Bank’s 32 branches in New Jersey, Pennsylvania and New York will reopen as branches of Fulton Bank, reports say.
The move represents the latest crack - and the latest bandage job - in the distressed regional-banking industry. The failure marked the first major bank collapse of this year, following five that occurred in 2023, as the Fed's rate hikes destabilized the balance sheets of big financial players. When Silicon Valley Bank (SVB) collapsed last spring, many economists warned that more could follow - and their predictions have been proven accurate. Signature Bank, First Republic Bank, Heartland Tri-State Bank, and Citizens Bank, all collapsed in the succeeding months, as a result of the financial instability caused by policymakers.
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I believe I can handle my finances and investments without the need for a financial advisor. I prefer not to pay someone to advise me on how to manage my hard-earned money.
That is a risky attitude, my friend you might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short term and long-term goals, optimize the tax situation, diversify your portfolio, and avoid costly mistakes.
I agree with you.A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations.They can help you stay on track and avoid making an impulsive decisions that can harm your financial future.
How did you find a good finance advisor? How do you know if they are trustworthy and competent.
I miss the post Pandemic Mortgage rates, those were good times ! The market correction has been massive and with the impending recession it seems like things are only going to get worse.
You can say that again! I have pity for people who spend above 50% of their take home on rent, to think that things aren’t really looking up for the economy and inflation is driving the average cost of living to insane highs, a lot of people might not be able to get through the coming phase.
Well that’s why financial literacy is really paramount, as much as the market can be quite unpredictable and a lot of variables have to be considered while making decisions, one still has to be aware of the basic principles that govern these things in order to avoid obvious pitfalls.
True, personally I work with an expert financial planner, been with him for years and he saw most of these things coming. Working with him has been the best decision of my life! He Adviced me to buy a Condo in Tampa for $100k in 2020, as of 2022 it was worth almost $200k, and he helped me structure the fin-plan to pay it off, now it’s paid off.
Oh Nice! What’s his name and how can one contact him.
NELSON MAYNARD FISHER, really smart guy with a contemporary approach to the market and a warm personality.
Historically speaking Bitcoin doesnt do much immediately after the halving - but it does do impressive spikes and tops out around 18 or so months afterwards. No one can time the market, but I'd say it's worth considering entering a position at current prices and if further dips occur, just add to your position. Over the long run, there is a higher probability to the upside than the downside, .It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
The internet is filled with so many useful information about Francine Duguay crypto….
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
I read about her too on the website. That is how I get connected to her. Thanks for putting this down here
Ah, nothing like relaxing with Dr Doom on a Saturday evening. 😂
Indeed. Eating my ice cream.
Mr Doom or Mr Truth that you don't want to hear?
@@andyhughes1776 Oh, I hear it and from others. Hint: buy as much physical gold as you can!
Unbelievable that one can get addicted to doom. I know you dont feel well if you dont get a dose from Dr Doom
Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
Thank you!
I tried copy trading, just when I started investing last Christmas. Had a poor experience, the guy I copied made many small trades, slowly loosing money. What good came out of it was that it gave me an insight into how the market really works. Make sure you do your homework!
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, I would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Millionaires will be the new middle class
Imagine having a business based off usery and going bankrupt
It is here now.....all we can do, is watch the Dominoes Fall.
The Collapse will catch so many people who are Broke! Depression that the Holy Bible talks about in the end times.
Depression with few jobs and Dollar Collapse is at our door. Housing evictions will explode!
The sinking ship like Titanic
The book of revelation will fall into place before our very eyes. As the bible says we will face foreshadowing crises and there's no way out. Don't be afraid, look up your redemption drawing night . Praise the Lord 🙏
Amen ,last days,end times playing out
Only IF You HAVE A Relationship with Jesus Christ 🙏🙏🙏🙏🙏
The Sky is Falling,, The SKY IS FALLING ,!!!!!
LEVEL PLAYING FIELD IS COMING
Commercial Real Estate….they mean “apartments & luxury condos!!”…..rents are to high for the locals!!!!
Obrigado por este vídeo maravilhoso! Sofri tantas perdas negociando por conta própria... Negocio bem na demonstração, mas acho que o mercado real é manipulado... Alguém pode me ajudar ou pelo menos me dizer o que estou fazendo de errado?
Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...
Wow, I'm surprised to see Kathy mentioned here as well. I didn't know she had been kind to so many people.
I have heard about her excellent trading expertise in CNBC news, guess she's more popular in United Kingdom.
Who is this professional everyone is talking about I always see her post on top comments on every RUclips video I
watched
Please I am new to this how can she be contacted
Like Jim Rogers said: "LET THEM FAIL"!
If they all failed, there isn’t enough money to pay depositors. And where are businesses going to get the money to expand and hire people?
Yup! 💯 🎯
@@stevenschwartz-vf2lg who cares? This phony economy needs to right itself. This country runs on 40 percent deficit spending.
The end of the world is upon us
And you feel fine?
R.E.M ?
You and I see the Collapse real time! Lies are the Norm for the Biden Administration and Main Stream Media covers for that idiot Creepy Uncle Joe!
Love this channel and the voice.
*Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??*
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .
Well...l will advise you should stop
trading on your own if you keep losing
and start trading with an expert
because trading with an expert is the
best strategy for newbie..
I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet..
High recommended
Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people
Mrs Janet successful stories are everywhere, all over the place.
Damn I love this guy's voice, doom-tainment at it's best!
Everybody needs to watch Glen Beck's interview with Ashton Forbes regarding Malaysia Airlines flight 370.
Why? I couldn’t find it on YT.
@@jimb3093 Actually I found it. They are trying to make it difficult to find. ruclips.net/video/CdUsiSeZHEk/видео.html
Y?
The sins of the people have ripened for judgment. Buckle up buttercups. It's a slow burn now, but when it falls, it will be quick and hard.
In unrelated news, FDIC insurance is roughly 200 times under funded, they’ll come for your money to pay out claims 🔥🔥🔥🔥
Dodd-Frank bail ins.
Also I wanted to add, the FDIC is a private company and has no reservations. But yes, it is under funded and has been for a while.
@@tjlewis2927 you are absolutely correct. FDIC is a private corporation.
How much longer?
If I was a Fulton Bank “depositor” I’d be taking mine and running for the hills.
Denna kanal är en av mina favoriter.
You used the wrong Citizens Bank graphic.
Citizens Bank of Sac City, Iowa was the bank that went under.
Citizens Financial Group, Inc., the parent company of the other Citizens Bank, is headquartered in Providence, Rhode Island. (The one you showed).
Also, Fulton Financial Corporation, the parent company of Fulton Bank, is headquartered in Lancaster, Pennsylvania.
We the people
These are not high interest rates. They are not even normal interest rates. They are still suppressed.
We had a banking crisis for the last three years and they’re still active and in business. So what else is new?
Because the taxpayer always is on the hook.
Yes and what else is new besides the hook too??
You’ll see.
They have an article out from last year that said the stock market will crash this year
That article predicted the cargo ship in Key West. It predicted the solar eclipse this year. It predicts this summer hottest summer in history. It predicts the first woman president in Mexico. It predicts all the elections this year will be rigged. It also predicts how the 2024 elections will go down...
Yup.
It’s epic!!
Its to wonder how they havent gone in capital controls yet...
Epic Economist: the channel that predicted 3748 of the last 2 recessions!
Did people get to keep there money? Did people who worked in that bank lose their jobs?
Yes aaaaaaaand kind of.
@@cockyhemi-123 so it is yes or kind of?
2:20.
It’s a daisy chain. This is the first link. When a bank fails… it gets eaten up by a bigger bank. Eventually 1 will be left. The federal bank
@@dcb1138 i can see that
More smoke and mirrors by Da Fed.
Citizens Financial Corp (Citizens Bank) in the Mid Atlantic and New England areas did not collapse
Recession is coming if the cost of living stays high….2025 is possibly the recession with a trigging event!
Bank runs have started!
What will save us? Nothing else to sell for profit.
Don’t tell any real estate agents or stock holders it’s business as usual for them
Don't worry, sloppy Joe has everything under control.
That's what scares us.
Doing a better job than Diaper Don.
@@williamwilson6499 Yes. Letting millions of illegal aliens invade our country is just splendid.
@@williamwilson6499so true. My hubby LOST 350K from his retirement account. He's currently UP by 475K. Putting him above where he was under trump. That was a lot to lose in 4 years. Trump wants to empty out the federal retirement accounts for government employees, postal employees and military retirees. He almost succeeded with my husband's agency leader helping to move laws around to help him. Look up GSA during trumps administration. But for a whistle-blower she would have handed over everything.
Hmm I'm sure he's said these things before... like 100 times!
And more than a hundred banks have failed since then. Mostly in blue states right now, but it may keep spreading.
super voice
Revelation - next cb.
Déclare bankrupcy After Ur loaded💀American bankrupt People, tax pays will compensate 😢
Banks are toast no matter what the talking heads say.
As far as the Biggie's, I sense problems with WF and US Bank.
Interesting if US Bancorp’s name comes off the wall on the stadium 🏟️ in Minneapolis, Minnesota. 🤔
What makes you think that? Do they have a high exposure to CRE? Many large banks have began offloading their commercial mortgages and stopped lending for commercial vehicles.
Bank of America 👋🏼👋🏼 disrespectful noobs 🔥
All by design ……..
Barff
❤❤
😱😱😱😱😱😱😢😢😢😢😢😢
DOOM VOICE 😌
Bring back the old man narrator!
Ok bud I’ve been following this channel for a long time everything you have ever said has been spot on.
My only complaint is your click bait headlines I get it helps with your traffic but every time you post something it’s like chicken little yelling the sky is falling lol
I enjoy your content but your headlines give me anxiety 😅
We are all expendable assets
😂
These are tiny banks so just buy the big ones because the big ones get the deposits. Be wise be happy and chill out. Do not let paper money control your life. You are free. I say so brothers so act free now.
But yesterday it was the collapse had begun. I’m so confused
The collapse is beginning in different areas.
Today, it's the banks. Last month, it was the 99 Cent store, which is now gone. 😢
It happens gruadually, then all at once.
There is an article that came out last year that predicted the cargo ship in Baltimore. It predicted the 2024 solar eclipse. It predicts this summers hottest summer in history. It predicts the stock market crash of the yuan and America dollar. It predicted the first woman president of Mexico. It predicts all the elections this year will be rigged. It also predicts how corrupt the 2024 elections will be in America that will cause chaos.
There is an article that came out last year that predicted the cargo ship in Baltimore. It predicted the 2024 solar eclipse. It predicts this summers hottest summer in history. It predicted the first woman president of Mexico. It predicts all the elections this year will be rigged. It also predicts how corrupt the 2024 elections will be in America that will cause chaos.
Din röst är något speciellt!!!!!!??
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided
by a widely known crypto
consultant
Mrs Kathy Lynne Colby
This is correct, Kathy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Same old fairy tales as usual.
1
Obviously these kind of vids are to get views. The mere fact that every single RUclipsr in this space is posting the same nonsense should tell you none of it is true. When these things happen they happen without warning. Regional and smaller banks fail sometimes but that doesn’t mean the largest banks are in trouble. The government and Fed Reserve will not allow it to happen.
I would like you to do a video explaining why when Volker (sp) raised interest much higher than where we are today the banks back then were not in as much trouble as today.