Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.

@PatrickFitzgerald-cx6io

Ай бұрын

ideally, you should consider financial planning to get the best results with your money, notwithstanding economy situation

@carssimplified2195

Ай бұрын

Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.

@foden700

Ай бұрын

that's incredible! would you mind if I vet your advisor please? started investing in stocks november 2022, but not confident to make the correct investments as of now, seeking professional help to achieve my financial goals

@carssimplified2195

Ай бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@foden700

Ай бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.

@AllenNichol

Ай бұрын

After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

@DavidCovington-st2id

Ай бұрын

Many overlook that banks are profit-driven businesses. I don't trust keeping a large sum in a bank, instead, I invest with guidance, enjoy the benefits, and save for retirement.

@SteveDutton-v

Ай бұрын

Your fiduciary seems highly competent. May I ask if you are still working with the same fiduciary, and if so, could you share how I can contact them?

@DavidCovington-st2id

Ай бұрын

My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

@SteveDutton-v

Ай бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

6:14 Graphics messed up and used a greater-than sign to represent less-than.

@cynot71

2 ай бұрын

🤣🤣🤣🤣🤣

@Fuhreddeekaye

2 ай бұрын

I came to make the same comment! Haha

@BusinessInsider

2 ай бұрын

Thanks for catching! We've updated the video with that fix.

If smaller banks invested in crypto they deserve to fail. That is not divesting risk, that is gambling, taking higher risk in hopes of higher return. High tech might not be as risky but certainly not conservative as banks use to be. FIREA really messed up a lot of financial institutions, and this type thing is what regulators were concerned about. Loans to first time restaurants too can be risky as a high percentage fail in the first two years.

@polarspirit

2 ай бұрын

Are you saying big banks can invest in crypto?

If commercial real estate is in trouble, it is because commerce is in trouble If commerce is in trouble, jobs are in trouble If jobs are in trouble, residential mortgages are in trouble 08 all over again

@stephen9609

Ай бұрын

not at all! You've left out a major point - technology and the changing work trends of virtual/hybrid employees. Commercial real estate being in trouble does not mean that commerce is in trouble...

@michaeloconnor6683

29 күн бұрын

@@stephen9609 so you think creative destruction will off set a banking crisis ? I don’t think so.

Raised interest Raised tariffs Really taking a toll.

The audio for this video is horrible

@LucasMarreiro

2 ай бұрын

as a professional sound designer who works with videos every day, I second your comment.

@MagicianTariq1

2 ай бұрын

no lie

@lawrup

2 ай бұрын

Turn up the sound then

@ByronEarnheart

2 ай бұрын

You misspelled “financial analysis “

I went from banking with a traditional bank ( Wells Fargo ) for 15 years to an online bank only ( discover ) since I was already using them for credit card , and I couldn't be happier I get paid 3 days early no fees no nothing and then I opened an account at wealth front where I keep the majority of my money since their yearly rate is 5.0% .... The old traditional banks are going to go out of business if they don't change and get with the times . Like why do I have to pay a bank 15 bucks a month for them to " service my account " foh

Let the smaller banks fail then. Interest rates are historically low, only high compared to the past 20 or so years. Banks paid at or close to 0% for years - they should have built some liquidity reserves then instead of leveraging it all.

Thanks for sharing this insightful video and summary. It's concerning to hear about the potential risks facing US banks, especially with the high interest rates and challenges smaller banks are facing. It's crucial for consumers to understand how these factors can impact their deposits and the wider economy. Staying informed and ensuring our money is in safe hands is key. Great video by Business Insider!

I wonder how fintech companies are going to fare?

Little know fact, In 2008 China saved us by buying 1.2 TN$s of US Gov. bonds. Wonder if they'd be willing to do the same again!

@polarspirit

2 ай бұрын

At that rate, China will own US

Luckily, I don't have more than $25OK in the bank, so fail away

Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?

@brucecohen7283

Ай бұрын

For me Just buy Gold and protect your assets, the stock market is a rollercoaster.

@philippine6168

Ай бұрын

The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds

@philominafashi1662

Ай бұрын

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

@adasohas4557

Ай бұрын

you are completely right, Advisors have information and paths that are not disclosed to the public.. I experienced that last year too, let made a value of $150k in gold under the tutelage of my financial advisor . Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

@nancydis4050

Ай бұрын

@@adasohas4557Hello... , How can one find a verifiable and trustworthy financial planner?

They showed a Pakistani Allied Bank to be a USA bank. Don't know what was that meant to be, but that is quite a popular bank here in the business community.

I did not put money in the banks due to low interest rate then lots of requerments

Splitting money between a checking and savings account does not increase FDIC insurance if the ownership of those two accounts is the same.

Yeah…community banks don’t have that exposure to CRE.

I had choice to stop using banks back in 2007. My checking, savings, money markets, credit cards and ope with two different small size credit unions,

@HobbyOrganist

2 ай бұрын

Experts told us that credit unions do fail, like banks (which are also generally safe) And deposits up to $250,000 at federally insured credit unions are guaranteed, just as they are at banks.

@mr.g1683

2 ай бұрын

@@HobbyOrganist FACT any bank/ business can feel. Most of it occurs because suckers in charge making bad choice. I dont support the big banks getting bigger with the support of past and present congress, FDIC and throwing the smaller banks under the tables past years. I do support banks that failed get taken over and sold by the FDIC as has been since 2008.

It's not "your" money unless you have it in hand.

@danielmanly4793

2 ай бұрын

It's not really money either as it is a currency. Money by definition must be a store of value.

@BonShula

2 ай бұрын

What a poor understanding of econ. Is shares not your since you do not have them in hand? Imbecille

@redslate

2 ай бұрын

Uh, no. It's your money so long as it's insured. Stuffing $250,000 under your mattress because you're irrationally paranoid is a problem waiting to happen.

@chipset2900

2 ай бұрын

Actually, as long as FDIC is solvent, which is debatable.

@youngphil8766

Ай бұрын

Gold and silver are money

Thanks for the video

@BusinessInsider

2 ай бұрын

Thanks for watching!

Nothing is actually insured. The only currency with intrinsic value is the work of great young men

@victory8928

Ай бұрын

You mean one’s own labour?

Get cash out of the banks buy physical gold and silver!! In your possession cash savings in any bank is just Stupid!

Why open an account with a small bank

2 wordz: *kwedit union*

@maattttt07

2 ай бұрын

2 words: Gold, silver

None of the assets listed as collateral are owned by anyone

Sieze every single asset listed as collateral in all LBOs and auction them

@Cassander314

2 ай бұрын

Put proceeds in bank reserve

While banks aren't my concern, I hope Charles Schwab doesn't go under. I like the website and interface when dealing with the brokerage.

We got issues right now I hear on the streets.... ATM's not working or something wrong with ACH. Has has the Kremlin Gremlin been extra busy? My poor bank staff was nervous AS ALL GET OUT. They deflected by redoing my cards in house. That was a nice touch even though I don't think they were the issue and the chips/magnets were not worn out.

This is why we shouldn't have or have a limited world economy. The world was MUCH better of before we got ourselves into this mess.

Look at synapse and evolve and the fintechs involved with that, absolute mess.

Already collapsed , announcements only ruined confidence , better to sweep it under the carpets.

Nothing seems to be safe in this time and age. anymore. Even savings too. The greedy US hegemony is the root cause of all the misery and pain.

Thumbnail: "banks are failing, is your money safe?" I got news for you hun, unless you're a cartoon character the answer was always no, and will always be no. The government will have your cash one way or another. They aren't opposed to using force to get it either.

No man, it must stop or Gen z is going to face a difficult future. 😢

free! money

FDIC yes.

@maattttt07

2 ай бұрын

They can only cover 10% of all deposits. Give or take.

@redslate

2 ай бұрын

@@maattttt07 That's not FDIC, that's capital on-hand. 100% of all deposits up to $250k is covered.

@maattttt07

2 ай бұрын

@@redslate yeah Fdic has tens of of billions just lying around JIC, yeahhhhh

@redslate

2 ай бұрын

@@maattttt07 Do you have an IQ of 85? You made a false statement, got called out, and then proceeded to speak further on a matter you know nothing about? You need to apologize to your parents for being a complete waste of organic material.

@redslate

2 ай бұрын

@@maattttt07 You lost the right to speak when you revealed you have no money, no aspirations, and no contributions to society.

I dunno.. that worldwide universal basic income based on carbon taxes sounds like a really bad idea

Sometimes i wonder why humans complicate everything can they just print more paper

The feds…smh

I'll put mine under my mattress.

NO ONE IS SAFE FROM WHATS COMING

we have regulators ! somehow 34 trillion in debt too

Build back better

Not the trump ad before this😭

@Deviner75

Ай бұрын

Why don't you use an ad blocker? Or a brave browser?

Could collapse?

She said absolutely nothing meaningful about securing wealth.

When there is no cash, there won’t be any more old people or women pretty soonafter

its not a good idea to trust governments and corporations.

@danielmanly4793

2 ай бұрын

I trust Pfizer as their products are safe and effective.

@swideru7469

2 ай бұрын

Exactly my thought. Sad how people mostly miss out the second (in US) or the first (in Europe) thing. Both of them do harm and theoretically/on paper aren’t that different. (Think about that - a huge corporation is nothing else than an authorian government.

@maattttt07

2 ай бұрын

What could possibly go wrong?

This is a sign of a stringer future. Unlike 2008, this is controlled.. if the Feds see a problem, they lower rates ASAP. All this is doing is clearing banks that were greedy and taking on more than their reserve requirements. The big banks are becoming stronger when interest rates drop (inevitably)

Not another face plant video!

🇨🇦 banks be like : 😤

Preserve your wealth with REAL currency/assets like GOLD & SILVER.

bitcoin

@PlasticSquare

2 ай бұрын

bitconnect

Dear Buisness Insider Your money is safe. I can assure you

HAHAHA! Wow nice censorship on ya! And with that I'll unsubscribe!

Bidenomics. Vote Biden and these democrats out of office.

Are you runing out of time on savings because of the banks and there crisis,just take free courses on how to save and even get 7-10% interest on your savings

Buy Bitcoin.

So many banks in USA.. so mind blowing We only have 3 local banks in Singapore..

Only do business with banks that are conservative. If theres anything we learned from financial crisis of 2008 is banks that knowingly deal in/with creative financial products/services/instruments i.e CDOs and now it looks like crypto, will eventually be left holding the hot potato. And the taxpayer will be left holding the bag again because congress.

Greattt

No your money is not safe in a bank or other peoples pockets. To clarify, building an economy on debt will never work. Whether it’s an insurance company or a bank or stock market. You simply cannot build a system on debt without earning ( paying) the original debt. America is a perfect example of this. 85 trillion in debt. They can not make that kind of money, unless they do something very radical. One thing close totally their arms. And the rest is history.

😮

The report forgets to tell you that whats happens if FDIC fails.... or the currency is crashing.

@HobbyOrganist

2 ай бұрын

Not going to happen,but if it did the entire economy would collapse anyway and ypu'd have LOT more to worry about than your cash in the bank-it could become worthless overnight. Germany had that happen in WWII,a dog breeder who wrote a book I have described how she refused to sell a valuable stud dog to an AMerican doctor but as times got very difficult and the army confisted the wheels off her car and she resorted to buying people's unwanted pets to feed her dogs,she agreed to sell the dog for anamount I forget now, lets say 10,000 German Marks which she said would be enough to buy another car with. By the time the money which had been wired in the morning had been received that afternoon,it's value had dropped so far it was only enough to buy a HAT she saw in the store window.People filled wheelbarrows with Deutche Marks to buy anything because it became almost worthless.

@benjamindover4337

2 ай бұрын

​@@HobbyOrganist well, back then they were fighting with Russia over control of Ukraine. Things are much different now.

@redslate

2 ай бұрын

Try again FSB.

Cutie 😊

If you really believe your cash is safer in the hands of others ! Then that’s just your belief 😂

@redslate

2 ай бұрын

It is when it's insured...

why? your bitcoin, artificial intelligence, factory automation, advanced technology, and these women who have been convinced that if they act like men then their life gets perfect

@victory8928

Ай бұрын

? As if all public healthcare isn’t funded by taxpayer dollar then again have you seen how ridiculous the private sector is?

What a banana republic is the Us

Banks are safe and effective, safe and effective and safe and effective.

@maattttt07

2 ай бұрын

I should get 2,3,4,5 accounts

@redslate

2 ай бұрын

@@maattttt07 Do you not already?

@maattttt07

2 ай бұрын

@@redslate never kid

@redslate

2 ай бұрын

@@maattttt07 Hold on... You have a _single_ bank account, and you're going around calling anyone w/ more than a quarter Mil "kids???"

@fe5982

2 ай бұрын

​@@maattttt07One account? What does that make you? An abor ed fetus? 😱

USA ecenomy is doing ok, they need you accounts under 55 from Australia, and why does USA party's so much i wonder in While in Australia. Amali Victoria

No. Buy Bitcoin🧡

Because Capitalism. LOL

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.

@AlexSchmidt-mk2ip

2 ай бұрын

I will advice you should stop trading on your own if you keep losing.

@AlexSchmidt-mk2ip

2 ай бұрын

If you can, then get a professional to trade for you I think that way your assets are more secure.

@AlexSchmidt-mk2ip

2 ай бұрын

I'd recommend Patricia Spears, her profit is great even when there's a dip

@LopezRodriguez-lm8jh

2 ай бұрын

Wow. I'm a bit perplexed seeing her being mentioned here also. I didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been amazing

@AlexSchmidt-mk2ip

2 ай бұрын

You don't need to be shocked haha because I'm also a huge beneficiary of her

Never store big amounts of money in a currency… Especially the US Dollar. Use gold, silver, bitcoins whatever, but don’t store your money in a currency the value of which is tied to the geopolitical situation and current politics of a country, has no limit/ can be printed indefinitely (what is done to fe let debt appear smaller etc.)

@cabinetpete3028

2 ай бұрын

Every one use what criminals use thanks bi

@redslate

2 ай бұрын

As the World Reserve Currency, your money is _pretty_ Fn safe in USD. You never want to have more than 15% of your assets in precious metals. The Logistics alone are unnerving.

@swideru7469

2 ай бұрын

@@redslate But for how long? Also haven’t you seen how inflation has fucked it up.

@redslate

2 ай бұрын

@@swideru7469 At least another century or more... Inflation bleeds off into the rest of the world's markets. It actually affects the US less.

Crap video for the conservative conspiracy nuts.

This video is terrible

Exactly why bitcoin should be primary currency

@cabinetpete3028

2 ай бұрын

Because criminals needed to launder money

OBVIOUSLY US CANT EVEN PAY THEIR DEBTS HAHAHA!

Buy bitcoin