Banking Crisis In America - How It Affects YOU
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 11 April 2023
⏱️ 54 minutes
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Summary
Patrick Bet-David breaks down the banking crisis in the US and how it affects you. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/valuetainment Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. :art: See important Masterworks disclosures: http://masterworks.io/cd FaceTime or Ask Patrick any questions on https://minnect.com/ Take the PBD Quiz here: https://quiz.pbdquiz.com/sf/2fc04c39 Subscribe to our channel: http://bit.ly/2aPEwD4 To reach the Valuetainment team, you can email: info@valuetainment.com
Transcript
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| 0:00.0 | Some are saying S&P is going to go from 4,000, it's around 39, 50, 39, 80 to 35. |
| 0:07.5 | There's a small community that says it could go as low as 32, which would be a 20% drop |
| 0:13.7 | off. |
| 0:14.7 | But for the most part, a lot of people are saying there's going to be a 10% decline over |
| 0:18.2 | the next three to nine months. |
| 0:19.7 | And it's important to know what to do in a situation like this and how it affects you. |
| 0:24.4 | So in this webinar, I'll be sharing with you the mindset and the attitude needed in |
| 0:28.4 | order to capitalize on the wealth transfer that will be taking place. |
| 0:32.5 | It's not the kind of world transfer that you and I think about that boomers are getting |
| 0:35.8 | rich. |
| 0:36.8 | They're transferring their money over to the next generation and that's a world transfer. |
| 0:39.9 | This is going to be a different kind of a transfer. |
| 0:41.4 | Okay, so I want to give a quick shout out to our sponsor masterworks. |
| 0:43.6 | Let me tell you why I need to know about this company. |
| 0:45.1 | Why they now have 660,000 members and why a lot of people in Miami at art basil. |
| 0:49.8 | These big companies like Morgan Stanley and Goldman Sachs are going and talking to clients |
| 0:53.5 | about investing in art. |
| 0:55.6 | What do you mean art? |
| 0:56.6 | Well, because last year, the top auction houses in America did $18 billion, record breaking. |
| 1:02.6 | Last year, art rate of return was 26%. |
| 1:05.1 | Two billionaires and millionaires are saying, maybe I need to think about art as an alternative |
| 1:09.6 | asset. |
... |
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