hey guys welcome to the liberal hive
mind a channel fully focused on exposing
the Abundant hypocrisy of the left a
weakening economy nah of course not
persistent inflation what do you know
one of those Mega conspiracy theorists a
possible recession in the near future no
Jack the strongest economy in world
history a possible liquidity crisis
what's known as a bank run that could
lead to a possible Bank Run contagion no
way that's gonna happen as Joe Biden
tells us the banking and the banking
system is safe Americans can have
confidence
that the banking system is safe well I
struggle to accept pretty much anything
that liar Joe Biden says we've covered
his track record when it comes to the
truth endlessly not to mention we know
the government's response and reaction
to the whole inflation crisis we take
inflation very seriously economists call
all these things transitory effects
there will be transitory impacts and as
it relates to inflation I believe it's
transitory temporary or transitory
impact talk of inflation the
overwhelming consensus is going to pop
up a little bit and then go back down
people fully expect this inflation to be
uh temporary there's nobody suggesting
there's unsex inflation on the way no
serious economies the president's build
back better agenda as a whole will ease
some of that inflationary pressure the
bipartisan infrastructure deal and build
back better agenda could likely ease
inflationary pressures it will ease
longer term inflation inflationary
pressures we're going to ease
inflationary pressure no one's talking
about long-term persistent inflation
Nation Jack inflation is transitory well
if they were so wrong about inflation
why on God's green earth would I trust
them on the bank run issue very simply I
don't trust them I don't trust them at
all and it feels like a possible Bank
Run contagion might be right around the
corner we're getting a whole lot of
information about these banks that are
currently failing we got some stuff to
get into so let's roll the tape so Joe
Biden said nothing to worry about
nothing to see here folks but so far
we've seen three Bank collapses in less
than a week Silicon Valley Bank
silvergate and signature bank and to
make matters even worse we're getting
reports now that credit Swiss bank which
is a major Bank from Switzerland is
quote out of cash the bank has run dry
now a week ago people were sounding the
alarm of credit Swiss and most of the
talking heads whether left or right were
saying you're crazy if you think that
credit Swiss is going to collapse less
than a week later the bank is broke
credit Swiss then gets bailed out by the
Saudis and is now getting a bailout from
the Swiss National Bank now this this is
the issue of a bank run contagion it
starts off with One bank and all the
politicians tell you that it's just an
isolated scenario it's a unique issue to
Silicon Valley Bank but the fact is that
couldn't be further from the truth
because while Silicon Valley Bank and
Signature Bank might have been the most
irresponsible in terms of their client
money management the underlying issue
that's causing this liquidity crisis
isn't solely unique to those two
specific Banks now I'm not some
hyper-educated Economist but I do have a
basic understanding of what happened
here essentially the issue is at Silicon
Valley Bank and Signature Bank and other
Banks like them are holding on to money
from their clients like any bank would
but they don't just hold and keep cash
they have to invest it and generally
they'll invest it in safe Investments
like bonds treasuries and in the case of
Silicon Valley Bank they invested nearly
90 billion dollars around 2821
essentially taking a bet that the
Federal Reserve wasn't going to hike
rates as aggressively as they did Even
though Jerome Powell was saying that
we're going to increase interest rates
as aggressively as needed to tackle this
inflation crisis and so they took the
majority 40 of that money and they
locked it up from anywhere from three to
four years in long-term treasury
Investments well see here's the issue if
all of a sudden all the tech companies
in Silicon Valley decide that they
needed cash on hand and they want to
start withdrawing money from the bank
all at once then the bank is then hit
with a one two a double whammy not only
did they buy these bonds at the worst
possible time when interest rates were
extremely low but by exiting from that
long-term position early they're now
forced to take a massive hit in order to
meet the withdrawal demand and
essentially this created The Perfect
Storm for the entire Bank to collapse
now this specific situation these
specific parameters are not unique to
Silicon Valley bank yet Joe Biden is
trying to convince you that that's the
case that it's an isolated situation
Even though three to possibly four banks
have already been affected and there is
most likely more to come if you take a
look at the balance sheets of most banks
even the Federal Reserve they're sitting
on massive amounts of unrealized losses
if all of a sudden people start losing
their faith in the banking system if
people want to protect them ourselves
and want to pull their money out of the
banks invest in gold buy assets whatever
it is or move their money to a much
bigger bank or bank that's perceived as
safer well the more widespread this Bank
Run contagion is going to get and so
we're in a very similar situation
honestly it's kind of how we got here in
the first place the American economy is
facing a total economic and banking
collapse that is the reality or at least
that's a realistic threat and in the
face of that Joe Biden and the Democrats
and most of the mainstream media
apparatus refused to accept that reality
they're distracting they're giving
excuses promoting some sort of fairy
tale exactly like they did with the
inflation crisis that we were facing
over a year ago back then as the economy
started to reopen there was a clear
threat of inflation but the prevailing
mainstream reaction was don't worry Jack
inflation's transitory that was the
pervasive thought in the mainstream and
because of that it seems as though a lot
of major financial institutions
literally took bets on the idea that
inflation was simply a blip on the radar
it was transitory and that fed wasn't
going to be aggressive of in tackling
inflation and fast forward a year and a
half now we're here and when it comes to
taking responsibility well that's pretty
much going exactly how you'd expect Joe
Biden is literally unironically blaming
Donald Trump apparently what's caused
this is Donald Trump cutting banking
regulations in terms of how much money
banks have to hold relative to how much
they can infest but that's a total
scapegoat with or without the regulation
these Banks took a bet against inflation
and they're losing it has literally
nothing to do with Donald Trump and
everything to do with mainstream
narratives and all the top players at
these major financial institutions
failing to meet the risk ahead now we're
back to 2008 or I guess you could say
post 2008 it's time to turn the money
printer back on No One's Gonna address
the elephant in the room the systemic
rot of the financial system the response
is going to be as predictable as ever
more money Printing and more bailouts in
other words these banks are failing and
you the American taxpayer are going to
pay for it we're only starting to see
the economic impact of Joe Biden
inflation it seems like the whole
structure is collapsing and that my
friends isn't surprising in the least
this is exactly why I've been buying
cryptocurrencies gold real estate
physical assets what I find truly
astonishing is that a random 30 year old
who records these stupid little low
budget videos at home this 30 year old
who dropped out of college somehow got
it right somehow saw the writing on the
wall from a year ahead of the inflation
crisis to now but all these major
economists the president of the United
States and his entire cabinet and these
major players in the financial
establishment they all got it wrong and
somehow I got it right not to Pat myself
on the back and say that I'm a genius
and everyone else is stupid because of
course I'm not the only one I'm not
saying that everyone else is stupid and
I'm smart but I am saying is that the
people that are in charge are certainly
complete morons or they're just totally
corrupt they'd rather play politics and
PR games pretend like everything's okay
mislead the American public as the
system collapses because of course you
know they're going to pull their money
out before the whole thing comes
tumbling down they're going to remove
themselves from the building before the
wreckage falls on the American people
the writing's on the wall the writing's
been on the wall and I really think that
we are at the start of this possible
major recession what could possibly be a
generational economic decline but in the
end I hope I'm wrong we'll just have to
see what happens that's what I got for
you guys hopefully you enjoyed this
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channel thanks for watching and I'll see
you on the next one