15.274 weergaven 3 mei 2023
The second largest banking collapse in history just happened with First Republic Bank, and it’s right behind the single largest bank collapse that happened in 2008 with Washington Mutual. While that sounds bad, and it is, it’s really just the tip of the iceberg that shows us many important indicators we need to be watching! This signals a rapid shift in the US banking system and fundamentally changes how the US economy will work moving forward, and… it’s not good. Video by Mark Moss.
In this video we will break down, what just happened with First Republic, what happens with the depositors money, how it gives us clues to what will happen with our money in other banks and then we will look at the fundamental shift to banking and the long term affects to the economy.
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