What Does The Latest Bank Failure And Bailout Mean?
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 2 May 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
First Republic Bank failed on 5/1/23 and JP Morgan was selected (of course) by the US government for a sweetheart, can’t lose, make JPM billions deal.
Of course.
If it weren’t for overt corruption, the US government wouldn’t stand for anything at all.
Transcript
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| 0:00.0 | Hello, everyone, Dr. Chris Martinson here back with you after an amazing week down with all of the good doctors and board members of the frontline COVID critical care organization down in Texas. |
| 0:11.9 | That was a fun week. |
| 0:12.7 | Now, let's get back to it because you know what? |
| 0:14.3 | Things are, of course, happening and breaking. |
| 0:16.5 | And today we got to talk about another massive bank failure. |
| 0:20.0 | And I want to put this in context for you. |
| 0:22.0 | You know, my favorite saying is that it's from Da Vinci who said, learn how to see, realize that |
| 0:29.9 | everything connects to everything. |
| 0:32.4 | So that's what I'm going to do for you here. |
| 0:33.9 | I'm going to connect everything to everything because I can't just talk about COVID and its response or failed responses without understanding the larger architecture of how |
| 0:42.8 | our corrupt banking and political systems come together. And we can't really understand how to skate |
| 0:48.7 | to where the puck is going to be without understanding what's going on in the world of resources, |
| 0:53.4 | oil, things like that. |
| 0:54.3 | It all connects. |
| 0:55.3 | So that's what this channel is all about. |
| 0:56.8 | I love connecting things together. |
| 0:58.5 | So I'm going to do that for you here today. |
| 1:00.2 | We're going to look at this, which is another massive bank failure and bailout. |
| 1:05.4 | It is now May 23. |
| 1:07.5 | So what is it? |
| 1:09.1 | We're talking about First Republic Bank seized by regulators. They say here, |
| 1:12.4 | sold to J.P. Morgan Chase. Interesting words. Technically true. But as we'll see, kind of a |
... |
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