Are we seeing the revitalization of conservative civilization, all over the world has been a massive backlash against globalization, its leftist leadership, and its anti-cultural liberal values, and it's just the beginning.

I'm Dr. Steve Turley. I believe the liberal globalist world is at its brink, and a new conservative age is rising.

Join me every day as we examine these worldwide trends, discover answers to today's toughest challenges, and together learn to live in the present in light of even better things to come.

This is Turley Talks.

Hey gang, it's me, Dr. Steve. Well, I think you're all more than aware of the situation developing in the finance and banking worlds.

Silicon Valley banks shook the death rattle, several other large banks and financial institutions entered.

Freefall, and it didn't take long for the doom and gloom prognosticators to come out warning us that we're all headed for 2008 all over again, and you know that kind of panic.

Well, Patriots don't panic, and I knew that I just had to bring back our good friend Troy Nune in the backpack trader and market expert to help put things in perspective for us so that we can march forward and see this as an amazing opportunity.

So Troy, welcome back, and if you would just give us a sense of how you're seeing things from your vantage point, what should everyone out there be aware of in terms of what's happening?

Hello to you, Dr. Steve. Thank you for having me back. I always enjoy speaking with you.

First of all, it's easy to over react. These sort of things happen from time to time and usually there's cycles that occur, but there was also some fatal mistakes that the people running this bank made.

I don't know why due to lack of experience. I'm not sure. I mean, the pandemic and the aftermath of that set a chain of events in place.

The thing I heard that was really interesting today on the radio, something I never even thought of was the fallout when the face to face meetings and relationship building component to business and business relationships, including in the finance world, just kind of unraveled due to the pandemic.

And it was a different take on things that I found very interesting.

And I'm not an expert on, there's so much we don't know in the world, right? We know what we hear on the news. We know what we can read and research and search the internet and find out stuff and how much of it's true and how much of it isn't.

I look at the prices. I look at the charts. I read what the price action tells me because the price is always the collective. It's trying to find its value and it's based on the collective wisdom of everyone in the market.

It includes things we don't know. So I mean, in this particular case, I know that they invested heavily in 30 year treasury notes, right?

And you know, they had a lot of money coming in due to the pandemic because the businesses in Silicon Valley were flourishing as a result, providing new services and when new needs occur in society businesses come in and that's how opportunity is created, right?

When there's a need business comes in to try to fill the need, but of course the world's changed now again.

But there was a lack of confidence. These companies are now being hurt by the way the economy has turned since the pandemic with interest rates going up and they need to cash.

They started taking cash out and the bank didn't have the money. They had to sell their 30 year bonds at a loss.

The withdrawals and then that obviously news caught on and panic set in and everyone's now taking out more money because they're afraid of what ultimately happened.

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