Republic First Bank was shut down this week. Are more bank failures next? Is a systemic financial crisis in the works? Comment below and don't forget to subscribe! FOLLOW THOMAS HOENIG: Mercatus Center Discourse: www.discoursemagazine.com/ Substack: www.finregrag.com/

@edwardk3

Ай бұрын

Should zellinski buy it out?

@dthorne4602

Ай бұрын

No. Why would there be a financial crisis?

Great guest ....great host. Thanks David; Please invite Mr. Hoenig back 2 to 3 times a year. Thank you.

Mr Hoenig answered all questions in so much detail. This interview was truly enlightening. Thank you 👏

@simonfowler698

Ай бұрын

are you serious ? With respect to him & you he shows how little they understand or that they are complicit in the alteration of the system. he says in one breath we will back stop the banks they wont fail but then say no we wont back stop crypto institutions because that would send the wrong message & promote irresponsible financial conduct. so essentially hes saying yep the banks cant go crazy with their irresponsible investments & they have little risk! He even said that 25% of collateral is guaranteed by the fed! that is why we are here now in this situation!! Then the explanation of the inflation rate LOL what a joke its just a number we came up with ??? seriously if i was this unprofessional in my job im done in 5 mins. This was really i opening & I think you can see it in Davids face too he cant believe this is the best of the best in the financial field? Please correct me if im wrong but I have very little faith in these guys

@verypleasantguy

Ай бұрын

They kept on telling us how horrible China is, how China's economy gonna collapse, every single day, for the past 10 years

Wow David keeps rolling out the hits

The Fed takes fuzzy logic to a whole new level; if they were not the Fed, they would be inmates...

@alireza3474

Ай бұрын

If you want to learn how to lie….your watching a professional.

What valuable insight from an "insider". He chooses his words carefully but you can tell he is, for the most part, honest, logical and realistic.

This os the most honest conversation you will ever hear about bubble, debt monetiztion and the role the Federal Reserve has in it.

What an amazing interview. Give this guy a medal for unpacking the Fed’a position and moves moving forward. Bring him back !

Wow David, how do manage getting such fantastic guests?

@lepton31415

Ай бұрын

it's the hair

This is the most horrifying interview I have seen in a very long time. Mr. Hoenig literally came out and said that the US banking system is insolvent and only kept afloat by a US government guarantee. He also said that the government essentially has to bail out any bank that fails or confidence in the whole system goes. I mean, this is a disaster waiting to happen. This means a never-ending series of bailouts until the end comes.

@ivivivir

Ай бұрын

That is the case since 2008 so do not get surprised.

@majormoolah5056

Ай бұрын

@@ivivivir The Silicon Valley Bank bailout has made the 2008 time bomb even bigger though

@_m_K_.

Ай бұрын

Most of "us" that follow contrarian or alternate financial news know and realize this. This is just an insider confirming the obvious. I give him credit, he has the dignity and self respect to say the emperor has no clothes.

@kevinyaucheekin1319

29 күн бұрын

Until the Fat Lady sings. 😅

@fsaldan1

2 күн бұрын

He definitely did not say the banking system is insolvent.

Excellent conversation. Please invite Tom back again soon. Great to hear from someone who has actually been in these positions and knows the mechanics.

Fantastic interview David. It’s nice to hear from a guest like Tom with his credentials, and to hear his perspective. Great questions, and I found Tom’s answers to be very straightforward and informative. 👍🏼👍🏼

Ok..no bailouts except for all banks

@stephengoodwin6403

Ай бұрын

or bail-in's

@simonfowler698

Ай бұрын

@@stephengoodwin6403 exactly this interview was a real eye opener! he is confirming yep banks go do your dodgey deals we got your back but crypto or any one else no way

@laro802

Ай бұрын

The rich get bail-outs, the poor get hand-outs, and the working class gets screwed.

@2ferone86

Ай бұрын

Privatize the gains and socialize the losses. Fractional reserve lending will become fictional reserve lending, so you can lie about how much gold you even have. Something like bitcoin is too risky though. Bailouts! 😂

@pfschuyler

Ай бұрын

Yes 100% no bailouts. Except, they had to obliterate Capitalism.

This was one of the best guests so far.

Your best interview to date!!!! Thank you for your work.

Awesome guest. Finally have some truth about how the FED works and makes decisions.

@adiintel1

Ай бұрын

To protect retail/commerical banks at the cost of debasing the Usd thus stealing people's savings through inflation? 🤷

Thank you David. One of the best interviews.

David that was the best and most informative interview you have ever posted. Great questions. Thank you very much.

David has become one of my favorite interviewers on this platform. He always asks thoughtful questions in a respectful manner even if they challenge a speaker's perspective. He also lets his speakers talk without injecting his own opinions. He doesn't take over the conversation and steer it the way he wants it to go. That is becoming more difficult to find. David, you're a gem, I appreciate what you do!

Nice interview, David. Excellent questions and a very informative guest.

The short version: Capitalism for the poor; socialism for the rich...

@prolific1518

Ай бұрын

Aka capitalism... Greatest trick ever pulled has been the rich tricking the population into believing in capitalism. The rich get all of the benefits and very little of the consequences. The poor get all of the consequences and very little of the benefits. The next greatest trick was parlaying capitalism into "democracy" where the poor are given the illusion of choice. Democracy breeds complacency and will always end in an oligarchy where the poor think they have genuinely chosen their leaders. Once the poor realize the truth, the house of cards crumbles. Take a guess where the US currently is in that process.

@prolific1518

Ай бұрын

And KZread censored my comment without a single "bad" word in it.

@Namegoeshere-op9hg

Ай бұрын

Steal from the poor and illegally give to the rich. Stealing isn’t part of capitalism or socialism. The whole right-left idea is a red herring to keep stupid people busy as they f*ck us all through the dollar.

@andrewperez7138

Ай бұрын

Corporatism not capitalism

@verypleasantguy

Ай бұрын

They kept on telling us how horrible China is, how *_China's economy gonna collapse_* , every single day, for the past 10 years

Excellent interview! Thank you!

Thank you Gentlemen for the usable info.

Banks speculated taking all that risk on those extreme low rate loans….. 😂

Cut rates ,are you kidding me. The conversation should be about how far to RAISE the prime rate. The inflation rate is much higher the the government reports. To many things are left out of how inflation is measured. Those things like rent, house priced,health care are killing the middle class. Look, even the USPS is raising rates for a stamp in July by 7 %. This marks the 3rd time in a year the stamps have been increased. That's the government agency telling us that inflation is higher than reported. 😢

@lesleyjohnson8488

Ай бұрын

Yeah. The CPI is a joke

@trevorsullivan7320

Ай бұрын

But the rates on the debt are the other side of the equation that mean we are doomed if we do and doomed if we don't. We are in the golden age, get your yolo's out now!

Great interview, thanks ❤

Wonderful guest. Please bring him back often. Thank you.

@JacquelineSkene

29 күн бұрын

Hope you have switched to the recommended Quantum Financial System XLM and XRP?

Nobody does it better than D Lin!

What a great guest David. Both of you nailed it, you with your questions, & Tom with his insight. I love listening to these former insiders. The timing of his appearance was also perfect, with the elections looming in November. PLEASE make him a regular on your show.

Excellent interview. Mr. Hoenig's a legend.

thank you David and Mr. Hoenig such a good interview, honesty is so important for informed consent :)

A very intelligent man and call's a spade a spade. Bring him back so the public knows what's happening and can make decisions for themselves instead of being feed BS and lead down the wrong path

@stephencoates4549

Ай бұрын

Thank you David, I would love to hear from him on a regular basis due to his honest, knowledgeable no bull market position.

This gentleman was great! Thank you David. He should be next pick for treasury secretary. Tell Govt congress how it is.

Seriously guys and gals David Lin is the gift that keeps on giving some of the questions are just excellence 👏!!

Great interview but doesn't make me feel any better about our system.

Great guest! Truly enjoyed this!

Thank you, David, for having Mr. Hoenig on.

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

@Peterl4290

15 күн бұрын

I believe SVB was making an effort to reorganize their bond portfolio. Yes, they would lose money if they sold their low-yielding bonds. But, they were trying to make up for it by repurchasing bonds on the open market at the higher interest rate.

@larrypaul-cw9nk

15 күн бұрын

Although the economy has so far held up, the SVB scenario serves as a warning that Fed rate hikes are still having an impact. At times like this, investors must be vigilant about the next inevitability. You don't have to act on every forecast, therefore I'll advise you to hire a financial counselor. This has been my fallback position for a while.

@Mrshuster

15 күн бұрын

Would you mind telling me how to contact this specific coach using their service? Unlike the rest of us, it appears you have figured everything out.

@larrypaul-cw9nk

15 күн бұрын

Her name is “Vivian Carol Gioia can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@Mrshuster

15 күн бұрын

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!

Once a fed banker always a fed banker. Never tell the truth about what a mess we're in.

Great interview, David!

There's a lot of cars that are being repossessed commercial real estate that is repossessed and most underwater

Great interview with Thomas. As others have said, get him back again in the near future. Enjoyed this!

Thanks David. Another cracking interview 🤝🏻

@JacquelineSkene

29 күн бұрын

Hope you have switched to the recommended Quantum Financial System XLM and XRP?

15:56 I have no problem with speculation, as long as you're willing to take the loss

Well the fact you didnt pass out when the Thomas Hoenig liked your questions and is happy to come back is proof of your professionalism 😊🎉

David Lin, a one man missionary, to expose dinosaurs.

'Financial innovation' is what got us here.

Honest man factual and unemotional 👍

Great interview!

Good questions!

Business as usual. (We wont talk about what 'usual' means).

Best guest ever.

If the former KC Fed Chief believes the Fed that we are only experiencing 3% inflation, he must have someone else writing checks for his electric, insurance, internet, cable, mortgage, and grocery bills.

Excellent interview.

Banks are the speculation

Excellent guest.

He is such a good interviewer.

Good guest. Thanks David!

Very informative interview. Thank you gentlemen.

@JacquelineSkene

29 күн бұрын

Hope you have switched to the recommended Quantum Financial System XLM and XRP?

This dude is a wolf in sheep’s clothing. At 16min: people can speculate as much as they like, but don’t expect government support. Banks gamble all the same and get bailed out; a system he subscribes to.

Thank you Sir. I appreciate the light of reason and wisdom in this overly confusing area. Too many fly by night commentators have created unreal expectations about investing in whatever asset is for sale. Your clarity is appreciated. Thank you Mr. Lin.

Wow! I like that guy! Absolutely enjoyed listening. Thank you for your insight!

Have your money taken by bank failures or the devaluation by printing. This person is still a fed creature. Encouraging people to stay in a failing system.

Very interesting!

All the consequences taking risk on the public. All the reward to the person/institution taking the risk.

Good interview😀

I watched another great interview with Thomas Hoinig on Thoughtful Money with Adam Taggart. Adam like David gives great interviews and sensible advice and information as to what is happening in the economy.

Great content

Lol and Republic First bank just collapsed yesterday. I'm starting not to trust any banks that have the word republic or first in its name 😂

@commonsense6967

Ай бұрын

Alreadybeen taken over by Fulton Bank, yesterday.

Idc about bank failures. The whole financial system has been a failure since captain hook landed on this continent.

The start of this financial crisis started in 2008 the housing collapse wasn’t the problem it was a symptom of the problem.

He talks a good game and if the FED actually followed Thomas's description of the way things operate we would never of been in this mess.

Last 1 minute of the conversation sums up America. Forget spending down your dept to sacrifice short term growth and payback more later on top of the limitless dept for the next generation. Brilliant. Look forward to seeing how this pans out.

I haven't watched the video, but from the intro I can see that the discussion will be about monetary policy which the FED controls, not the fiscal debt that government spending is the cause of.. the real source of the inflation. We can't afford the debt repayments at a higher interest rate, it's already more than the defense budget

Good interview. But I guess nowadays the SEC I assume have some better prediction models

Growth already slowing down massively!

Excellent speaker would love to hear from him again

@JacquelineSkene

29 күн бұрын

Hope you have switched to the recommended Quantum Financial System XLM and XRP?

Bleak. I appreciate his candor.

Awesome experience

But some reason we bailed out the auto industry 🤷‍♂️

He was a great guest

Excellent

I wish these Federal Reserve people would tell the truth for once. The cost of everything has gone up by 200 to 300 percent since 2020.

@helenbrooks4787

Ай бұрын

They have to deny these facts to cover for the Democratic Party.These liberals certainly don't want any truth getting out with a major election coming up later this year. Expect them to continue trying to shove sunshine up everybody's asses until at least December.😂😂😂

@morgankl797

Ай бұрын

Overhere, official inflation is below 4% but our prices of cook food at hawker centre increase from $3-4 to $4-5. U r lucky to get decent food at $4, else the portions is really tiny. U r being forced to pay higher prices for decent portions.

@_m_K_.

Ай бұрын

I bought a brand of clothes detergent from Costco at the end of 2022/early 2023. I just bought the same item and was suprised the price was the same. When I got it home, the old container had 250oz of detergent, the new one had 200oz of fluid. 20% reduction or eg, 20% real inflation in a year on real consumer goods.

@cassandratq9301

Ай бұрын

He is telling the truth.

He speaks like he really believes that US debt will ever be paid. It is all so sweet but I think this guy is very restrained in saying the real truth.

Great discussion. Not sure I agree with data dependent rather than forward expectations given the lags in the system.

David, did I miss it, or did you ask the most important question ..... GOLD?

This guy should replace Powell!!!

@JacquelineSkene

29 күн бұрын

Hope you have switched to the recommended Quantum Financial System XLM and XRP?

Legend!

Great discussion, great questions,. Toward the end I was hoping you would ask if he gave any credibility to the Phillips curve. There has to be some relationship,.. but there are many who vehemently (as if they have skin in it not being so) claim there's no relationship.

Looks like he’s part of the system

Oh, it's on already. Interest on the debt will be 1.5 trillion by next April if rates aren't cut. It's going straight up, already. Commercial real estate paper losses in the billions, just being carried over month to month to month. If the precious metals break out, just about every bank in the US will be insolvent, crushed by their leverage. Get ready.

What we have is a corporate capitalistic system of banking...

He shows the Fed's way of thinking, i.e. keep interest rates unchanged because car insurance went up 30%, holding the print high. That means parts of the economy that are not car insurance or repair are actually facing a highe real yield.

They all assume that recession automatically means lower inflation as if we have never had both at the same time

FDIC deposit insurance - to an upper limit. That should also be a line in the sand.

Do you think Yellen will issue more long term bonds?

How many $ can the FDIC obtain to cover deposits under $250K if multiple banks fail in rapid succession?

@ktownkryptoking

Ай бұрын

ha --- cash is trash ---- #silver #guns #ammo #energywebtoken $ewt

@lepton31415

Ай бұрын

they currently only have the funds to cover 1.2% of all deposits

@Metal_seer

Ай бұрын

@lepton3141f the Fed can "print" (actually digitally create) as much money as we need, but we're already paying $1T a year in interest on the national debt, and its growing by $1T every 100 days. It's starting to look like a tiger chasing its tail around a tree. Seems like it has to colkapse at some point.

@okimitchell1043

Ай бұрын

​@@lepton31415oh damn😳😢

Keep printing

If not willing to have FDIC on crypto, government has no right to tax on crypto.

@adiintel1

Ай бұрын

Fdic? I'm not American so?

@GummyRiches

Ай бұрын

@adiintel1 I ont care for FDIC, therefore, the government needs to stay away from our investments where they don't care to "protect" our investments, let alone taxing us on our profits. Governments need to stay away from from what we do and stop treating us like children. Non of us want the government interference. Period!

@lesleyjohnson8488

Ай бұрын

FDIC does not protect most commodity stocks - if any. What is crypto other than a ‘store of value’. FDIC doesn’t insure paintings or copper, either. You are taxed on capital gains, no matter the source. You can’t have your cake and eat it too.

David Lin: If you were in charge of the FDIC, would you guarantee my Star Wars figurines collection against loss?