Ep. 2005 ANOTHER Bank Collapse is IMMINENT!!
Turley Talks
podcast@turleytalks.com
4.8 • 1.3K Ratings
🗓️ 30 September 2023
⏱️ 16 minutes
🧾️ Download transcript
Summary
We have a huge update on the collapsing Biden economy, our resident Bidenomics and Stock Market analyst Ross joins me once again for this quick and important broadcast. All signs are pointing south for a big-name American Bank, and it doesn’t look good.
Highlights:
- “Unemployment just made a new high. I think it’s at 3.8%. And that’s what the Fed wants. They want to hurt the economy just enough to bring inflation down without wrecking the whole thing. And that’s a very delicate balance.” - Ross Givens
- “Silicon Valley and First Republic were likely just the first of many banks that will fail. And I think we are going to have another banking crisis like what we saw back in 2008.” - Ross Givens
- “Your deposits are secured by the full faith and credit of the United States treasury. But I wouldn’t buy stock in any of these banks today. Some are fine, some aren’t. Which ones are the good ones? I don’t know. But I’m not in the business of playing Russian Roulette with my life savings.” - Ross Givens
Timestamps:
[03:18] Are the Feds done or will they hike one more time
[05:482] The big problems with our banks that the media is keeping quiet; the bad news for Charles Schwab
[10:58] Are J.P. Morgan or Bank of America will have the same problem as Schwab
[12:56] How you can keep up and be prepared for what might happen in our banking system
Resources:
- Don’t miss Ross’s upcoming free training on September 30th at 11 AM EST! Sign up and secure your spot HERE: https://turleytalksinsidertrading.com/registration/?tambid=18762
- Learn how to protect your life savings from inflation and an irresponsible government, with Gold and Silver. Go to https://www.gcjdjhs3e.com/source_id=TurleyTalks_digital_dollar=Podcast
- HE’LL BE BACK! Get your limited edition TRUMPINATOR 2024 Bobblehead HERE: https://offers.proudpatriots.com/
- The Courageous Patriot Community is inviting YOU! Join the movement now and build the parallel economy at https://join.turleytalks.com/insiders-club=podcast
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Transcript
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| 0:00.0 | 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. |
| 0:18.0 | I'm Dr. Steve Turley. I believe the liberal globalist world is at its brink and a new conservative age is rising. |
| 0:26.0 | 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. |
| 0:39.0 | This is Turley Talks. |
| 0:41.0 | Hey gang, it's me, Dr. Steve, and we've got a huge update on the collapsing Biden economy and how patriots cannot just survive but actually thrive through all of this. |
| 1:01.0 | All signs are pointing south for a big name American bank, and it doesn't look good, so let me just set the stage here a bit before getting into the details with one of our resident experts. |
| 1:11.0 | A new report has just shown that from July to August, so in just those two months alone, inflation is skyrocketed from 3.2% to 3.7%. |
| 1:23.0 | That's the second straight bump after 12 consecutive declines in annual inflation. |
| 1:29.0 | Now, this is left thanks scrambling to cut costs. |
| 1:34.0 | JP Morgan, they've released a statement expecting rates to stay the same over the next week, while others like Morgan Stanley project that the FOMC, the Federal Open Market Committee, will stay above the 5% rate until March of next year. |
| 1:50.0 | And as we're going to find out, that's bad news for banks that have been investing in bonds because they're simply not paying what banks need to pay off these high interest rates. |
| 2:01.0 | So joining me today once again for analysis is our Bidenomics and stock trading expert Ross Gibbons, and he's got some amazing insights in what to expect from all of this. |
| 2:11.0 | So Ross great to see again, welcome back. |
| 2:14.0 | Thank you very much. I appreciate it. |
| 2:16.0 | Well, it's awesome. And you had an amazing free training yesterday. You always do. |
| 2:20.0 | We did. Yeah, it was great. All your viewers came. We had a fantastic time. We're actually doing it again tomorrow, because as usual, with your extremely popular audience, we tend to cap those out of 1000 people. |
| 2:31.0 | We did fill up. I know you had a lot of folks who emailed you all saying they couldn't get in. So we're doing it one more time tomorrow. |
| 2:37.0 | I know it's short notice, but I wanted to mention that in case anyone who wasn't able to join yesterday can. |
| 2:43.0 | What time tomorrow? |
| 2:45.0 | Yeah, so it's tomorrow at 11 a.m. Eastern times of Saturday, September 30 11 a.m. Eastern live online, completely free, just like the last time. |
| 2:55.0 | Awesome. Yes, we always have overflow. |
| 2:58.0 | We always have more people want to join the training than the webinar software can handle. So thank you for doing that on core. |
... |
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