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LIVE CALL: Navigating the Current Banking Crisis
The recent collapse of Silicon Valley and Signature Banks has been one-upped by UBS's rescue of Credit Suisse with a backstop provided courtesy of the Swiss government.
The FDIC can only cover $125 billion of the $18 trillion in exposed deposits across the banking system. Plans are being discussed that would insure all banking deposits, which is an amount that approaches a full year of U.S. GDP, but Powell and Yellen can’t even keep their messaging straight. Good luck on them having a sound plan and executing.
The banking system is experiencing the greatest unrealized losses since 2008, and the Fed has stated that it will only selectively rescue "systemically important banks"...
Bank crises are followed by restrictive lending and credit, which drives recession, and the Fed looks forced to acquiesce on a return to QE, which will compound inflation.
We've written about these inevitable circumstances for over a decade. Not only have we written about this topic, we’ve underwritten every single investment we make to measure its ability to withstand a financial crisis at the level of 2008.and now they've arrived.
Want to hear what all of this means for you? Tonight’s your chance. My firm and I will be hosting a zoom meeting, explaining our strategy for substantial growth and real income during this volatility and beyond.
We’ll get started tonight (Thursday, March 23) at 6 pm EDT. Questions welcome and encouraged.
Save your spot: