Silicon Valley Bank MELTDOWN Explained | How to PREPARE for the RECESSION | Jaspreet Singh

Tom Bilyeu's Impact Theory

Impact Theory

News Commentary, News, Business

4.7 • 5.2K Ratings

🗓️ 13 March 2023

⏱️ 137 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours. Silicon Valley Bank closed its doors today. Within 48 hours, a panic induced by the very venture capital community that SVB had served and nurtured ended the bank’s 40-year-run. For sure you’ve heard that millionaires are made in recessions, but how? Jaspreet Singh is joining Tom for a second time to get you up to speed on what it takes to get wealthy during any recession. Jaspreet is the Minority Mindset guru and Chief Money Nerd at Minority Mindset Companies. He’s been creating financial education videos on YouTube for years and is breaking down all the reason you don’t have to be scared during a recession Jaspreet is a voice of reason to remember that recessions are only bad or good in relation to which side of the equation you are on. This is a must watch if you’re trying to find the best route through a recession that has most people nervous and panicked. Follow Jaspreet Singh: Website: https://theminoritymindset.com/about-us/ YouTube: https://www.youtube.com/@MinorityMindset Instagram: https://www.instagram.com/minoritymin... Twitter: https://twitter.com/minoritym1ndset Facebook: https://www.facebook.com/MinorityMind... Sponsors: Visit http://www.RealVision.com/ImpactTheory to save 20% on a full year of access to The Real Vision Academy. Visit http://www.srimu.com/impact to unlock 10% off artisanally crafted NOT cheeses made with plant based ingredients for a delicious new take on the cheeses you adore! Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase! Visit my sponsor Future: https://tryfuture.co/Impact to try your first month for $19 and make 2023 the year you crush your fitness goals. Go to our sponsor Viome https://tryviome.com/impact to get 20% off your first 3 months and free shipping - learn if inflammation is causing your issues! This episode is sponsored by BetterHelp. Give online therapy a try at http://www.betterhelp.com/impacttheory and get on your way to being your best self. Get $500 off Peloton Tread Packages that come with accessories like a heart rate band, workout mat and non-slip dumbbells. Just go to onepeleton.com to get the deal. For listeners of the show, Calm is offering an exclusive offer of 40% off a Calm Premium subscription at http://www.calm.com/impact. Go to http://aura.com/impact for a 14 day free trial to see if your personal information has been leaked online. Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness. This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In today's episode, Jess Breed Singh and I address the Silicon Valley bank collapse literally as it was
0:05.9	happening and what that's going to mean for the greater economy, whether we've got a looming
0:10.3	recession, is there going to be a soft landing and what is going on with the housing crisis?
0:16.1	I hope you guys enjoy listening to this episode as much as I did recording it. And if you do,
0:21.0	please be sure to leave a review on the podcast. It really is the best way to help us reach other people.
0:26.4	I'm Tom Bill you and welcome to Impact Theory. I wish that we were talking about better news.
0:34.7	I saw a video that you created about how the average person doesn't understand
0:40.3	what we're about to go through. And as we sat down to record this, SVB just got frozen Silicon
0:48.4	Valley Bank. Looks like there's going to be a tremendous amount of capital lost. And thinking about what I'm
0:56.7	calling the triangle of doom with interest rates, a slowing economy, and inflation, how does this
1:04.5	all play together with what just happened? And how does the average person, if they don't understand
1:09.1	what we're about to go through, how do they protect themselves?
1:12.4	Yeah, SVB financial is really interesting because it's kind of a byproduct of what you just
1:16.5	talked about, the triangle of doom.
1:18.2	So we still have very high inflation.
1:21.9	And that high inflation is slowing down the economy.
1:24.7	Now, to fight the high inflation, the Federal Reserve Bank is working to raise
1:27.7	interest rates. Now, higher interest rates help to cool down inflation, but that also slows
1:33.9	down the economy. Now, the case of SBB financial in the bank is really interesting because
1:40.0	they have been lending money to a lot of startups, like Silicon Valley startups. And when you have
1:46.6	low interest rates, it creates ease of access to money. Because if you can borrow money for 2%,
1:54.1	I mean, you only need a 4% or 5% return on your money to justify making an investment. But if you
	...

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