Andy Schectman and Lynette Zang Friday 7-21-2023
Looks Like It's All Planned | Andy Schectman
Liberty and Finance: 7-20-2023
Andy Schectman, president and CEO of Miles Franklin, has been joining us weekly the last three years. Central to our discussions have been gold reemerging on the world stage and the BRICS developing a new reserve currency to rival the U.S. dollar.
Now it's getting real.
Russia recently pre-announced that at the August summit, BRICS will be announcing a gold-backed currency.
INTERVIEW TIMELINE:
0:00 Intro
2:00 BRICS gold currency
16:30 America's decline
19:20 Logarithmic decay
28:16 Cull and consolidate
34:50 Weekly special
40:40 Closing thoughts
JP Morgan, BofA, Wells Fargo, and 20 other Banks to Give Away Your Money!
Lynette Zang: 7-20-2023
The banking system is in the process of changing. And if you don't pay attention to these changes, you will be absolutely blind sighted when the outcome is in your face.
I'm about to expose the complete illusion of the Fed stress test and guess what? 23 banks that participated will cost.
I'm going to show you what they are not taking into account because they are now allowing money to come out of both the banks and the corporation. And the banks are corporations, after all.
Which means that in this next upcoming crisis, they're going to be dependent on taxpayer bailouts.
The ratio of liquid assets to deposits in the banking sector has declined six straight months. It's time people wake up and see what's happening.
CHAPTERS:
0:00 Banking Is Changing
1:43 Never Let A Good Crisis Go To Waste
4:09 Quarterly Net Income
6:56 Lenders Ace Stress Test
9:00 Quarterly Change In Deposits
14:13 Sheila Blair - Stress Test
20:54 Bank Loan Losses
22:30 Financial System Is Fragile
29:32 SVB Painful Lesson