Ep. 1479 Why The US Banking System Is BREAKING UP!!!

<p class="MsoNormal" style= "margin-right: 2.35pt; line-height: 103%; mso-pagination: none;"> <strong style="mso-bidi-font-weight: normal;"><span lang="EN" xml:lang="EN">Highlights:<span style= "mso-spacerun: yes;"> </span></span></strong></p> <p class="MsoNormal" style= "text-indent: -.25in; line-height: normal; mso-pagination: none; mso-list: l0 level1 lfo1; margin: 0in 2.35pt .0001pt .5in;"> <!-- [if !supportLists]--><span lang="EN" style="font-size: 9.0pt;" xml:lang="EN"><span style="mso-list: Ignore;">●<span style= "font: 7.0pt 'Times New Roman';">     </span></span></span> <!--[endif]--><span lang="EN" xml:lang="EN">“If banks have a hedge against their bond portfolios, they should have access to the capital they need to withstand a temporary run on their deposits; but if not, then they risk going the way of SVB and Silvergate and Signature Bank, selling off their securities at a loss that prevents them from paying back nervous depositors.”</span></p> <p class="MsoNormal" style= "text-indent: -.25in; line-height: normal; mso-pagination: none; mso-list: l0 level1 lfo1; margin: 0in 2.35pt .0001pt .5in;"> <!-- [if !supportLists]--><span lang="EN" style="font-size: 9.0pt;" xml:lang="EN"><span style="mso-list: Ignore;">●<span style= "font: 7.0pt 'Times New Roman';">     </span></span></span> <!--[endif]--><span lang="EN" xml:lang="EN">“The key here is that there are signs that our banks are becoming less and less depositories of choice.”</span></p> <p class="MsoNormal" style= "text-indent: -.25in; line-height: normal; mso-pagination: none; mso-list: l0 level1 lfo1; margin: 0in 2.35pt .0001pt .5in;"> <!-- [if !supportLists]--><span lang="EN" style="font-size: 9.0pt;" xml:lang="EN"><span style="mso-list: Ignore;">●<span style= "font: 7.0pt 'Times New Roman';">     </span></span></span> <!--[endif]--><span lang="EN" xml:lang="EN">“For 15 years, the Fed has basically told financial institutions that zero-interest rates were the wave of the future, so go ahead and buy up bonds until you’re blue in the face with no nee