4.4 • 6.9K Ratings
🗓️ 2 May 2023
⏱️ 128 minutes
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0:00.0 | Crypto doesn't sleep, so neither do we. |
0:04.1 | Crack-in client support is available 24-7, 365 days a year by call, chat, or email. |
0:11.6 | We're here for you whenever you need us. |
0:13.8 | Give us a shout at crackin.com forward slash support proof, not investment advice. |
0:18.8 | Crypto trading involves risk of loss. |
0:24.9 | So the second largest bank failure in US history happened at 4am, clearly they're trying |
0:29.7 | to do it. |
0:30.7 | They want to do it before the market's open and they did it kind of out of sight of everybody. |
0:34.3 | And I'm surprised it's not getting more attention. |
0:36.8 | First Republic Bank was seized by the US government and then sold off to JP Morgan with. |
0:41.8 | I think it was $50 billion in federal financing, which is basically like, y'all are bailing |
0:47.0 | them out again as much as Biden's insisting, you're not. |
0:50.3 | So look, I don't know what to tell you man, there's some economists saying the dollar is |
0:53.8 | doomed. |
0:54.8 | I'm not here to give you any financial advice. |
0:56.6 | But I think when you've had three of the largest banking failures in US history within this |
1:00.6 | span of a couple of months, I don't know, maybe you should go seek some financial advice, |
1:05.1 | not for me, but I know I'm going to be making some moves because I'm kind of worried. |
1:08.9 | What they're saying is that people panicked over first Republic, pulled their money out. |
1:13.4 | Many of them actually went to JP Morgan, but my fear now is I'm not economist, but if |
1:18.4 | JP Morgan's absorbing this, this dying bank isn't that just going to get people scared |
1:23.2 | that JP Morgan won't be able to handle it and then they'll pull their money out of |
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