They lie and they lie. And in front of the Senate Banking Committee, they lie some more and every other word out of their mouth. They’re reassuring you how safe and sound the banking system is. Oh, no, it is not. Taxpayers are depositors that are going to have to pay because the bail out that went to Silicon Valley Bank and also Signature Bank was from the DIP fund, except that the Fed borrowed more directly from the Treasury than there was even in the dip fund. But now we’re hearing that that’s only going to cost 20 billion. I’m telling you, I wish that Pinocchio was real because we would see other noses growing out and going around the world with their lies. Do you believe them? Because I don’t. Let me show you more of a how safe and sound this banking system is.

CHAPTERS:

0:00 Introduction
2:14 Banks Borrow From Fed
4:46 Yellen Calls FSOC Meeting
11:37 Fed Stress Test
16:58 Deposit Insurance
20:30 Problem Bank List
25:17 Digital Age – Banks
27:05 US Prepared For Deposit Actions
28:34 Spot Gold Lesson

SLIDES FROM VIDEO:

SOURCES:

https://www.bloomberg.com/news/articles/2023-03-16/banks-rush-to-backstop-liquidity-borrow-164-8-billion-from-fed?sref=rWFqAg1Y

https://www.bloomberg.com/news/articles/2023-03-24/yellen-calls-friday-fsoc-meeting-after-banking-sector-turmoil?sref=rWFqAg1Y

https://finance.yahoo.com/news/u-treasury-says-fsoc-agreed-203140244.html

Banking Crisis: FDIC Asked by Midsize Banks to Insure Deposits for Two Years – Bloomberg

https://www.bloomberg.com/news/articles/2022-06-23/banks-ace-fed-stress-tests-to-pave-way-for-shareholder-payouts?sref=rWFqAg1Y

https://www.bloomberg.com/news/articles/2023-03-15/fed-s-key-bank-test-overlooked-interest-rate-risk-for-a-decade?sref=rWFqAg1Y

https://www.fdic.gov/bank/historical/bank/bfb2008.html

https://www.fdic.gov/bank/historical/bank/bfb2009.html

https://www.fdic.gov/bank/historical/bank/bfb2010.html

https://www.fdic.gov/bank/historical/bank/bfb2011.html

https://www.fdic.gov/analysis/quarterly-banking-profile/fdic-quarterly/2023-vol17-1/fdic-v17n1-4q2022.pdf

https://www.bloomberg.com/news/articles/2023-03-12/silicon-valley-bank-s-fall-was-a-faster-more-viral-breed-of-bank-run?sref=rWFqAg1Y

https://www.bloomberg.com/news/articles/2023-03-23/yellen-says-us-prepared-for-additional-deposit-actions-if-needed?sref=rWFqAg1Y

https://stockcharts.com/h-sc/ui

https://www.edelman.com/trust/2023/trust-barometer