News: Banks Post Worst Financial Report I've Ever Seen
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 13 April 2023
⏱️ 8 minutes
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| 0:00.0 | Hello, fellow rebel capitals, hope you're well. |
| 0:02.6 | So breaking news, the banks come out with a report |
| 0:07.6 | that is probably the worst report, financial data |
| 0:11.9 | I have ever seen in my life. and I'm not exaggerating that. |
| 0:15.0 | I'm going to show you a chart is going to completely blow your mind. |
| 0:18.0 | Let's get right over to this article and check it out. |
| 0:22.0 | This article, let me do the screen share, this article is from |
| 0:26.3 | a bit coin.com but I've seen it all over the news and the mainstream media. |
| 0:32.1 | So US Bank lending drops by a record |
| 0:36.9 | 105 billion dollars in the last two weeks trillion move into money market accounts we already know that |
| 0:45.5 | Elon Musk Warren's trend will accelerate I don't know why Elon Musk would be |
| 0:50.6 | Someone that you would go to for a quote on that. It's like going to Matt Damon. It's like who |
| 0:56.7 | cares what this guy thinks. Not to say that Elon Musk isn't a smart guy but I would assume that the banking and the monetary |
| 1:04.4 | system isn't his area of expertise. |
| 1:06.8 | But let me just go over that one more time, the important part here. |
| 1:09.6 | U.S. Bank lending drops by record $105 billion in the last two weeks. |
| 1:16.6 | Why is this important? |
| 1:18.8 | Because you guys know from watching my videos, |
| 1:21.0 | just having common sense, that if you have a debt-based monetary |
| 1:24.8 | system if you have an economy or consumer debt corporate debt sovereign debt is at |
| 1:30.3 | all-time highs the only way you can pay that debt is if you have more and more debt that's being created, |
| 1:37.5 | or if you have high velocity. Now going into recession, what happens to velocity? Slows down down if you have credit declining on a net |
... |
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