The Banking Lending Crisis with FEDUPBIZOWNER - WBD254
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 25 August 2020
⏱️ 71 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Wednesday 5th August Company: N/A Role: N/A
Throughout 2019 and early 2020, the global economy was signalling fragility. However, with the rapid spread of COVID19 and the resulting lockdowns, the global economy is heading into a deep recession.
As governments have worked to control the virus, economies are opening back up. Across the world, governments are facing the challenge of stimulating these faltering economies while managing localised lockdowns.
The Fed announced a new effort to support the economy, including programmes for small and medium-sized businesses, via Main Street lending, however, banks are still, seemingly, reluctant to offer loans.
In this interview, I talk to anonymous Twitter account FEDUPBIZOWNER. We discuss COVID's impact on the lending markets if the banks are facing an insolvency crisis, why stock markets are hitting all-time highs and hedging with gold and Bitcoin.
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Transcript
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| 0:00.0 | I think banks are scared shipless I think they know what's sitting on their books and they are |
| 0:07.0 | praying like holy hell that they will still be solvent in 12 months |
| 0:12.1 | hello there from Bedford the Bitcoin Capital of the World, How Are You All? |
| 0:16.2 | Welcome to the What Bitcoin did podcast, which is brought to you by The Mighty Cracken, |
| 0:18.9 | the best place to buy, sell and trade Bitcoin. |
| 0:21.1 | I'm your host, Peter McCorm McCormack and today I've got an |
| 0:23.5 | interview with Fed Up Biz owner who is an anonymous Twitter account holder |
| 0:27.8 | who has been sharing his experience in the small to medium business lending |
| 0:31.2 | market put out a very interesting tweet thread recently so |
| 0:35.0 | thought I better get them on the show but before that I do have a message from my show sponsors |
| 0:39.7 | so first up today we're going to talk about CASA who are the very best in |
| 0:43.8 | Bitcoin security and if you've not been getting your Bitcoin security together |
| 0:47.8 | if you've been rolling around with that single hardware wallet maybe a seed |
| 0:51.5 | written down on a piece of paper hidden somewhere |
| 0:53.6 | in your house with a ball market coming is time to really think about your |
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| 1:01.9 | customer I am a paid customer I didn't take the free offer that they put to me. I paid, I became a customer and I could not be happy with the service and with the protection I now have for my Bitcoin. And with Karsarsa it could not be easier to protect |
| 1:14.1 | yourself from hackers personal mistakes in-person attacks device failures and so |
| 1:18.3 | much more and because Karsa are such badasses they have a product for every Bitcoin out there. |
| 1:23.4 | With Carson Gold you get triple the security of a single hardware wallet |
| 1:26.9 | and it's only ten dollars a month. |
| 1:28.8 | So really, you've got no excuse to get your shit together here. |
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