Is a Banking Crisis Coming?
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- čas přidán 5. 07. 2024
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Experts are raising alarms about a potential banking crisis, not just in the US, but across Western countries. With commercial real estate loans hitting decade-high delinquency rates and rising economic uncertainties, the pressure is mounting. In this video, we explore the vulnerabilities of small and midsize banks, the ripple effects on the global economy, and why diversifying your investments might be crucial.
00:00 Start
00:38 Commercial Real Estate Crisis in Europe
1:53 Offshore Banking Benefits
3:15 Comparison of Western vs Asian Banking Practices
4:47 Why you need to diversify bank accounts
6:38 Potential Risks and Asset Protection
10:36 How Having the Cash Overseas Can Protect You
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."
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Creating another source of income in these difficult times is the best thing to do not only does it guarantee returns, it also helps you plan and save for future expenses I hope everyone who reads this will be successful in life
Assets that can make one successful in life
I. Forex
2.Stocks
3.Shares
You are right.
But I don't know why people remain poor due to ignorance
It's not ignorance but unprofessional broker in the market
Credit Suisse "went down" due to absolutely staggering incompetence in the highest management.
That is hard to protect against unless you have inside information...
But one clear sign is when the bank spends a lot of effort on DEI and very little effort on credit risk management.
I think Andrew misses a crucial thing - if US small banks go down, then that is contagion and it will put alot of pressure on large banks. Some woll fail. If they fail, then that puts the entire US run SWIFT system in trouble and will affect international banks. What i am saying is this, if you want your assets safe, avoid parking money in countries closely affiliated with the US. This includes EU/Ireland/Canada/Singapore
Goldman Sachs should have gone down in the 06/07/08 crisis, but the govt turned them into a depository bank, completely illegal, as we would see it, but you know,, corruption is high at the top
The system will bail them to continue extending in time the decay of the empire
What do you suggest? curious
Rest assured Singapore is not a client or 41th state of USA, unlike the others in your list.
Domino Effect. It'll happen on a Friday. Get ready. The preppers are safe.
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
Not just a banking crisis,
It's a global financial reset. I'm a commercial real estate broker in San Mateo County. This financial turmoil wiped out business last year and the metaphorical train hasn't even left the station yet. The whole ecosystem from tenants to landlords, businesses to employees, cost of supplies and transportation, is on life support.
Which crisis? Capitalism is based on winning, find a way to winn
@@jamaaloromo3698interesting. You just might not be informed . This is called sounding the alarm 🚨
@@jamaaloromo3698 will the little hat brigade sell their assets in order to keep the economy afloat once people stop participating. We will find out now won't we
@@jamaaloromo3698 It stopped being a true capitalist society a long time ago when the Gov started bailing out banks and corporations. Mid and small size businesses go under during crises but those big entities get saved because they lobby the politicians. It's getting closer to socialsim when the Gov has their hand in companies.
Fractional Reserve banking should be a crime.
Facts!! Very few sheeple / mainstream "financial experts" ever talk about this. The Fraud of Fractional Reserve Lending is at the core of every financial/banking crisis
Thank you! Nice to see that someone else sees the root cause to all our banking problems.
@@richbrewer8121 the problem is the people enabling it... its how democracy works...
@@michaelfinger6303 respectfully disagree. The true problem is the IGNORANCE of the people, hence Henry Ford's quote about how there'd be a Revolution in the morning if the American people knew how banking works.
@@richbrewer8121 I understand why you disagree, but that is exactly what i am saying you cannot have a functional democracy with people that dont care to inform themself...
Thanks George
I do understand the purpose of diversification.
However, for years I try to grow my small capital. Being a small capital. Diversification is rather hard because it would mean that I have small bits of "nothing" diversified.
What I did is that I did "gamble" on the value of gold going up. If this happens then the value of gold miner stocks go up.
So I put my "capital" in gold miner stock, though, I diversified within that group.
Just like 2008 is won't be contained to one country.
USD is around the globe and when the panic strikes.....
There's a reason why China/Russia/India all are trying to move away from the US dollar system.
that is why de dollarization cannot be contained.
There is no trust in U$D and U$ z1onist govt!
@@asclepiushermestrismegistu7489 yes but everyone thats half sane is decoupling for a decade...
Banking...the one time size does matter.
Thank you for the good insight
Banking crisis or a fiscal crisis? Because I'm pretty sure some $5 trillion of tax payer money would be used to bailout these banks to prevent a potential depression.
Maybe both, but banking crisis tends to bring about everything else.
In America probably... This video isn't just about America
@smoothbraindetainer, Every country with a fiat currency and a central bank can turn on the printer and paper over the problem, and they absolutely will try that.
Welcome to U$ capitalism!
The best system that money can buy!
War
Good chats, as always, thanks a mil.
Thanks for watching!
How can I get personal financial advice from nomad capitalist to transfer my money to access Ghana?
AWESOME! Great hearing your insights perspective regarding this matter.
Thank you, Sir.👍🙂
Hello
Which are those Swiss banks exactly what you have mentioned in the video?
Regards
Well, for that information you need to be wealthy and one of this guys clients.
@@chrisa.515 I actually live in Switzerland
@@DavidRobertJohns Same rules apply.
Thank you, Nomad.
This is a really open mind.
I know
What is your opinion on switzerland banks? I mean 2.5% capital ratio is a jone
Agree with everything you said Andrew. The sheeple better start waking up and taking action...
😂
Did you all know investment banks like Fidelity does not insure your money? Also, how long does it take before you have access to your $250k worth of lost money? If it takes your bank 2 years to go officially bankrupt, do you get $250k at the end of those two years or does it take even longer?
Fidelity is not a bank, they're a brokerage. Your money is SPIC insured up to 500k when you invest with them. They're probably safer than most banks.
And bail ins are written right into the Canadian budget.
@@chrisa.515 BUT FIDELITY AND OTHER BROKERAGES KEEP YOUR MONEY IN A BANK RIGHT?
The “deposit guarantee system” in Europe is not per country but 100.000 per AFM registered bank. So no need to stress.
Oh there is a reason to stress with these entities. They have been blowing up yet another bubble and the people getting positions in the top of the AFM are in the same carousel of banks, pension funds, insurance, the DNB, the ECB, the bank of international settlements, its various committees and shadowbanks. They have made yet more dubious financial products where collateral is reused, packaged and sold. Derivatives built on assumptions that are one day going to fall apart. It's not good.
No More Haircuts! Thank you Nomad Capitalist for that very detailed and informative video about the coming banking crisis. I would feel safer knowing my money is in a bank where no funny business goes on.
I want my money to grow not disappear and I agree that normal tax payers struggling to get by would not be happy to have their tax dollars go to bail out someone with a lot more money. ⤴💸
if i am
not wrong if bank is shut down all
exchanger will fall.
How much of a deposit into a Malaysian bank would I have to make to get the multi year residency visa?
With Labour in charge now… yes.
Germany has the most banks in the top 10 safest, and Canada has one.
Canada's big 5 banks have been unfazed for decades, this may affect them for the first time but they won't fail like the overleveraged US and German banks.
which bank in Canada is among top 10 safest? RBC?
Canadian banks are all in turmoil 😅
that top 10 is as trustworthy as the german wochenschau about the victories in the east 1945...
7:05 the workaround is to split your money into multiple accounts
10:20 that ships has sailed, Switzerland proved to be untrustworthy, so I would strongly suggest against stashing your money there
In Singapore, at least for a non-resident account, you don't need to go there. Most banks offer account opening fully remotely.
I call BS on that, otherwise everyone would be opening accounts there.
@@trevorsmith7753 Yip, need to be there in person, ditto for the UAE.
everything everywhere all at once
Looks like my SPY CALLS ARE ABOUT TO PRINT 🤑🤑🤑🤑🤑🤑🤑
One of the TOP 10 channels on CZcams. That's a FACT.
Please share where you learned of this fact.
"Is a banking crisis coming"
Andrews rhetorical question
Yes
Question: might countries with low government debt be safer to move to? eg Bulgaria, etc?
countries not part of the EU that have some form of relation with the east and enough water/food to sustain themself are safe... when it comes to your money nowhere is safe...
Recklessly lending out money has resulted in sky-rocketing rate of deliquency across the Western world. This is becoming more and more worrisome amid volatile economic performances.
Which is why its probably best those banks go out of business.
Whats the minimum liquid capital necessary to work with Nomad Capitalist? I’d like to live in a different country every 4 months by investing my money in an up and coming country for residence or citizenship and want to minimize my US citizen taxes.
If is going down it will go down everywhere
As far as protecting your money from bank failure /Gov repossession, would a broker account work?
For example if I park money with IBKR, is it safer than a Canadian bank like CIBC etc ? Or are they bound by the same laws as banks ?
The timing simply isn’t right yet. The crash historically doesn’t happen until the Fed starts to lower rates and the yield curve uninverts
A creditor that's a Secure Creditor can Collect from
Humans part of the LEI.
print more money time!
Be your own bank. Own Bitcoin and self custody it.
I think that banking / commercial real estate and many companies have received from well off countries government assistance since the worldwide economic problems that happened in 2008 after suffering market crashes, and than was continued or started again worldwide in industrial well off countries during Covid. I think looking at counties that either by law always provide that assistance to the banks but still remain competitive or very carefully look at the insurances that back the banks and markets and look for ways to stay in the insurance amounts or find, like you said, find companies that do not rely on gov assistance, possibly find a variety of catastrophy insurance, and make sure your diversified in investments and savings you understand. If young or super wealthy, go ahead and take risks. But, don't rely on government that are capitalistic to be socialistic and take care of you because that is not guaranteed. Haircuts can turn into throat cuts.
What about Credit Unions?
I'M WONDERING AS WELL. NOBODY SEEMS TO MENTION THEM.
The Lawful meaning of MONEY, = PRESCIOUS METAL'S....
Think about it.....
The contagion effect will be huge. There's no place to hide in a debt based system. The only way is out (bitcoin)
if u cannot hold it(bitcoin), u dont own it....
Soooooo *MANY GOLD NUGGETS*
*6TH DIMENSION CHESS*
Nomad Capitalist: are you aware of "The Great Taking" by Tom Webb? According to his research, if you have money in any Western Bank or Brokerage, legally you don't actually own it. Do you have a solution for this? It also be great to have Tom Webb on as a guest.
The only asset ‘you’ can ever own is Bitcoin.
Become self sovereign.
"The Great Taking" by David Rogers Webb
Dr Chris Martensen on his Peak Prosperity channel on CZcams ran a webinar recently that addressed 7 strategies for protecting yourself from "The Great Taking". He looked at the book and its references in depth in his free CZcams videos and in the paid webinar.
GDP per capita is the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population.
This is why the money owned by GOV. We just earn money 💰
@@Raymond-wj4ol Dr Chris Martensen at Peak Prosperity goes into "The Great Taking" in a lot of depth in some of his videos on CZcams. They also ran a paid webinar recently that covered 7 strategies to protect yourself from The Great Taking.
'Make sure the government, the taxman, knows where your money is....?' Thanks for the advice - Bye.....
If you want to be a criminal about it there are probably other parties to accommodate you
I'm buying a bit more gold...
Finding money from the government is a right and a necessity.. tax the way it is is theft. If it was a real fair share then i would be ok with it. But it isn't. I am not obligated
Trustee, Executor Esquire...
Period Point Blank, UNAPOLOGETIC....
You Better have a TRUST in place...
We are the LAW..
After the failure of Credit Swiss, is it a good idea to store money there??? Really??
I'd say there is no bank in the world that will be 100% safe. Gold is 100% safe.
Well ironically it might be, if it was already under the magnifying glass and faced greater scrutiny. Better yet if the bank was nationalized then you can be sure it won't fall over without the whole country going bust.
Canada too
This should have happened 10 years ago but the market is manipulated so there's no way to tell when or if this would actually happen
RIGHT BUT IF WE KEEP SPENDING BILLIONS AND CONTINUE TO WEAKEN THE DOLLAR, WE WILL EVENTIALLY HIT A WALL AND WITH BRICS GROWING WE WILL SOON SEE OUR DEMISE.
or just buy bitcoin no one can steal that no matter how hard they try
US, Europe, China, Japan... all these are leveraged way beyond any reasonable business model. Real estate is definitely on the front end of this problem. Every country will be effected, some less than others. Even those that don't trade directly with the countries that are in trouble are still depend on trade with other countries that do.
You are correct about International trade deals and investments being interconnected.
So what happens when the two largest Communist Nations decide that following Capitalism into economic ulcers is not something to aspire to?
What happens to about 20% of the population of the Planet as they find they have money,
that has no value?
BRICS and their Associates appear to own around 70% of available resources on the planet.
They will now determine the fate of Capitalism.
If they do not feel we need to devote our attention to producing Capital with our efforts,
who will stop them?
That appears to motivate all good Capitalists to support attacks on Russia and China.....
But that eventuality may happen sooner than later.
@@danielhutchinson6604 The Geo-political chessboard is much more complicated than that. China and Russia can call themselves anything they wish, but they aren't really communist, they are in fact fascist states, relying on private-public partnerships. This requires capitalism + government to function. The Russian Oligarchs and Chinese Immortal 8 families are in firm control and are the source of Putin's and Xi's power.Not saying they aren't a danger to the West, but the West may be an even bigger danger to itself.
Though the weak point is that most politicians and people in power in China still benefit from capitalism, though probably not the free capitalism but more state controlled and domestic will come first.
Even if it wasn't their money but lent by other countries.
And while I agree that brics are gonna be way more important in the future, I doubt they can come together with their different interests and incentives. Maybe I'm wrong, we will see.@@danielhutchinson6604
"Experts are talking" oh no, we're doomed!
You are so correct.
Andrew,talk about Saudi arabia mot renewing the petro dollar contract. How will this affect long-term finances living around the world. Exchange rates, retirement etc?
Drop in the bucket. The trillions in dollar denominated global debt that must be serviced in dollars ensures demand for the dollar for decades.
@@brawndothethirstmutilator9848 SO DO YOU THINK THE DOLLAR WILL NOT GO AWAY FOR DECADES?
banks are for getting loans, you aren't supposed to save in government currencies
You’re omitting a central piece of information.
Which is that ANY sort of cash balance in a bank account is a loan you’ve given that bank.
You become a low-ranking creditor in case of default.
If you’re invested in pretty much anything and your bank doesn’t hold your securities in “street name” (READ THE FINE PRINT) on their balance sheet, you should be able to transfer your securities to another brokerage account.
Yeah, diversification is important. But how many portfolios are people actually going to maintain?
HE SAID THAT THERE ARE OFFSHORE BANKS THAT DON'T LOAN OUT YOUR MONEY.
Tons of my money goes to a bank I wish would go under: The " Alimony bank of the ex-wife."
Don't worry..it will..Putin's special operation is going world wide..based on Russian news...and all these low life .🐍♀️💵..will be banging on mens doors..when shtf.... remember MEN..don't open the doors to these 🐍 people..they will cry..and later put harmful substance s in your food....very sad but many of them live double lives 😮
Can you escape this by going abroad?
Debt debt debt...no one wants to admit..good for you
Can you post a list of strongest banks in world
I think that he has already done this recently. You can also do an online search for ‘best run’ or ‘most secure’ banks in the world.
It's easy. There are none
The only thing that determines if a bank is stronger is will that bank get bailed out with taxpayer money or not
ROFL, it's central banking. This video really misses the plot. Central banking means THEY control the printing and you have no say. That's inflation. They inflate the money supply without your say (counterparty risk).
He has already done this in a previous episode. One example is Singapore.
he says if u can get a bank account overseas, they just hold the money and don't lend it out, guess to lend it at higher interest rates would make them money, what they are against, when u want some back maybe they will have it, he says u should feel comfortable, anyone have any sence
Oh don’t worry. They’ll raise interest rates and recover from the mortgages.
I thought banks borrowed the money based on deposits and then lend that money out ?
Problem is theyve loaned out way more money than they actually have on deposit... they call it leverage. Some western banks were at 30x deposits during the 07/08 crisis who knows what it is now
Legally I think they can leverage 40 to 1
3% or so, they hate having "dead capital" just sitting around not turning into more money
Haha, jokes on them....I've got no money in my bank....
...even though I run a small $1mil trucking/mechanic shop. Taxes and cost of business is so high in canada, and the never ending foreign workers justin is replacing us with, keep driving rates down
How do the banks make money storing saver's money without fractional lending?
Bank fees, maybe?
Holding short-duration high-quality government bonds
I am living in Mexico as a permanent resident. Can you recommend a couple of banks in Mexico to store money in for paying monthly bills? Thank you.
No problems with BBVA Banco. The App works great.
My Ori primary
Last night😂
Long sajadah 😂❤❤❤
Thanks
Ga gantung lageee
Tanjung barat😂
DONE ✅
Noxx
Hhh
Stop asking us to verify our accounts especially living outside USA and the phone to verify is in Spanish and this is a USA bank
Yes.
Do y’all realize how vocal Andrew is,most millionaires keep their mouths shut even most average people now a days.I mean Andrew can easily be passive and just brush all of this off of his shoulders.I tell people most times it’s easier to be passive and avoidant.But it is more challenging to believe in something and be confident about what you say and plus your able to stand on it and provide supportive reasons as to why you have the opinion you do.I have high respect for people like Andrew Henderson.
He's literally monetizing panic... Just like the mainstream media. If he can scare people enough to leave, they may pay his ridiculously high fees to help move elsewhere. Drive views to his channel? More money for him as well.
Domino Effect. It'll happen on a Friday. Get ready. The preppers are safe.
How about you talk about the hardest most secure form of storing your net worth. Bitcoin. Let’s end the control of money by governments. We need to embrace Bitcoin in the world.
Except bitcoin is SCAM. Trust in King Jesus and be blessed
The two largest holders are the US and Chinese governments. Stop touting digital currency and social credit scores.
@@expatlifestyle2000 yep it's a fool's gambit. Some fools got lucky with crypto but the vast majority lost their shirt.
@@expatlifestyle2000 those two also have the highest gold reserves. What’s your point? There’s only 21 million bitcoins
@@BeachGuyDave easily trackable electronic money.
The only thing that can save you from this is Bitcoin and you all know it, what are you still waiting for??
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Are Australian big four banks safe?
My new favorite youtube channel.
So glad! 🥰
Andrew what is your opinion of HSBC in HK?
4:02 ♀️🐍 party never ends till shtf
I heard banks and wall street stock market crash coming past 5 years . Meanwhile US dollar keeps going higher year after year 😅 😂
Maybe US economists are just guessing their way. Don't know anything. 😅 😂
I looked if this was a 16 year old video, but no, 16 minutes.
Offices are a huge cost, why would companies take them on? why go to a 'shopping center- when you can click and collect?
The US governments' answer? Turn on the money printer.....they've done it before, what could possibly go wrong? #Sarcasm
Can they touch the TREASURY....REALM WIDE?
People can't Overstand Banking..
Become self sovereign.
Be your own bank.
Bitcoin is the only asset ‘you’ will ever own.
Bitcoin doesn't allow people to be their own bank. Don't just jumble words together and expect it to mesh.
True riches come only from King Jesus
@@Rflows100 Thanks for confirming you know nothing about Bitcoin.
Gold is being your own bank. Bitcoin?! Digits on a screen? Blockchain can't even overcome basic problems to become money, it looks to me like it's gonna be nothing but a speculative token.
I believe there is a high likelihood they will crash it all and switch over to crypto Network. Xrp is being swt up worldwide and is capable of doing this. They have the real dollar stablecoin launching from Ripple later this year as well.
Yeah it could happen. From fake paper to fake digits on a computer.
I wonder what is to be gained from continuing to push this surprise and alarm. Bank stock does not equal bank failure. Commercial Real Estate is an entity unto itself which is affected by lending rates and the ability for buyers to get loans. I understand the need for offshore/no loan banking and thats good. I whole heartedly agree you need currency diversification and the US in particular is bad with this. However pay attention to the insurance limit and don't be stupid. That's on you.
Buy silver
Banks are always crying wolf , Since when do banks lose money ..
This isn't about banks losing money, but their clients.
your comment just shows you have no idea how banking works.
imagine thinking "banks have money".
pfft, normie.
When their clients default
How about the "outside" tax free / duty free storage in Switzerland ? To store gold....silver... ?
It is amazing to me that banks can’t lend 10x what they take in but still can’t keep their sht together.
Ezekiel 7:19 “They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.” Yep, I think we’re in for a big crash!
Yes, put your money in a Canadian bank…..unless you are a truck driver.
what does this mean please?
@@sheilakelly6015Trudeau seized the bank accounts of truck drivers who refused the vaccine mandate.
Buy XRP baby!!!
Why not just turn those buildings into HOMES.
America got like 20 million new migrants. The government need to buy these buildings as foreclosures and force the migrants to work to live there subsidized.
Turn them into communal centers and you'll have your 15 minute cities.
This is why we bitcoin and precious metals.
They've already built the FEMA Concentration Camps.
@@timphiey Aaaaaand just like that, you became a 🎯
Some banks are not loaning your money out, are you kidding me??? 😂😂Once you deposit the money into a bank, you become a lender. That is the nature of the banking system no matter where it is in the world.
I see that you are smarter than the average bear!
Bitcoin gold and real estate. Let the system burn, economic Darwinism
Ah the two worst things to hold in a crash, lovely.
I recently liquidated $500k in Aussie bank shares and moved it into South American real estate. Main reason was too much regulation, not enough interest and a high likelihood of looming financial problems. Real estate is as good as gold in Latin America thanks to the ability to rent short term (airbnb etc), at well above market rates. F**k keeping lots of cash in any bank.
Until inflation comes back with vengeance , in a carbon copy of the '70s, as it is. Then the consumer is stretched just trying to survive let alone renting an air bnb. Gold is the only thing as good as gold. Accounts with a private vaults in Singapore would be safer plus bullion held by you. Looking at the current shipping rates increase due to the red sea and factor in the lag effect of those increased costs being passed onto the consumer.
@@whycanthebodiesfly I'm not too worried about the 70's, I'm more worried about a shift away from conventional banks. And worried about what happens if the conventional banks are left holding all of the debt and none of the savings. Or if China decides to take Taiwan and everyone else decides to get involved (i.e USA, Australia, Europe, Singapore....)
Smart strategy. Which country would you recommend
@@Dividendflywheel I don't make recommendations. Basically anything can go bad. I do like the Bogota content on this channel though. And I like that he promotes diversification of everything.
omg a mouth open red arrow crisis!?!?