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No. Absolutely not. Although the worst is not over, with regulatory mismanagement and tax drains coming, the good news is that fiscal will say huge. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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No. Absolutely not. Although the worst is not over, with regulatory mismanagement and tax drains coming, the good news is that fiscal will say huge. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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| No. Absolutely not. Although the worst is not over, with regulatory mismanagement and tax drains coming, the good news is that fiscal will say huge. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes |
You have been very optimistic recently and now "Sell everything!!!"
lol
Hahahahahaha. Did you watch the video????
@Mike Norman MMT Economics all over twitter people are saying the run was justified because SVB was insolvent, but from what I understand, they weren't insolvent till the run started. They are all saying banks are being degenerate. I wish there was a vid explaining all this because there is so much misinformation online
@milkshake please So, they are solvent but only if people don't want their money. If they want the money (bank run), they are not solvent. That's an interesting interpretation of being solvent. Doesnt make any sense.
@Heino Der Sänger I am not an expert on banks or banking regulations and what the technical definition of insolvent is in banking regulation terms, and neither are you, so what makes you believe you can speak with such authority? From what I understand, even the best run banks can become insolvent if there occurred a widespread massive bank run on them. Banks in america run under the assumptions that bank runs don't happen really happen due to FDIC insurance and so on. Just understand you can't become an expert on any subject reading headlines from sensationalist news outlets and random twitter threads and that's why I admit I don't know a lot and to be honest, even many "experts" don't.
@milkshake please You summed it up pretty well. I dont care about being an expert or the technical defition of being solvent. Call it what you want, they just dont have the money, fractional reserve banking is fraud.
You make money by working
You make more by owning financial assets.
Thank you Mike , always looking forward to your videos. One of a kind. The first time I listened to you a couple years ago your topic was mental toughness, was hooked after that because it is what I was lacking. Thanks again for sharing the mindset , it’s made investing non stressful.
I know that bank loans create deposits, but how do bank loans "create" reserves?
Deposits are reserves.
@TheFunkadelicFan Not those deposits created by loans. Bank loans create the demand for reserves.
@Rune Baggetun All deposits are created by loans. Bank credit is 99% of the money supply.
https://youtu.be/disHmZI6bDw
China is heard to have just brokered an agreement between Saudi Arabia and Iran. I hear The Fed is set to have an emergency meeting tomorrow. What surprise you think they’ll put in motion? I think they may want a banking collapse faster with higher rates to bring in CBDC. This will be their ultimate sanction weapon against nations and people.
Depositors covered.