WEBVTT - The Banks Are Collapsing | What Happens Next 0:00:00.080 --> 0:00:02.880 Hello, and welcome to another episode of The Mark Moss Show, 0:00:02.880 --> 0:00:06.640 where we talk about the decentralized Revolution, talking about the 0:00:06.680 --> 0:00:11.600 way the world is breaking apart, and it is. It's 0:00:11.640 --> 0:00:13.920 breaking apart. Now, A lot of people don't really understand this. 0:00:14.640 --> 0:00:17.440 The decentralized revolution is where we're going from a world 0:00:17.480 --> 0:00:21.760 that's moving towards centralization and we're going back to decentralization. 0:00:21.760 --> 0:00:23.960 And of course we look at through the lens of politics, finance, 0:00:24.040 --> 0:00:28.280 and technology, so we can put things into context. And 0:00:28.360 --> 0:00:33.159 the technology is bitcoin, which is the decentralized technology that's 0:00:33.200 --> 0:00:35.720 going to help decentralize with the world. Now, there's other 0:00:35.720 --> 0:00:38.120 technologies that are going to decentralized the world. I've been 0:00:38.159 --> 0:00:40.520 talking about that. We're going to talk about that more. 0:00:42.400 --> 0:00:44.200 A lot of people don't understand, They say, but Mark, 0:00:44.320 --> 0:00:48.120 what do you mean things are breaking apart? I just 0:00:48.159 --> 0:00:52.240 see more centralization, more World Economic Forum. The United States 0:00:52.360 --> 0:00:54.480 is trying to lay down as sovereignty to the World 0:00:54.520 --> 0:00:57.760 Health Organization all these things, and that is true, but 0:00:57.880 --> 0:01:00.600 you can also see the pushback. You can see the 0:01:00.760 --> 0:01:03.160 system cracking apart. And that's what we're going to talk 0:01:03.200 --> 0:01:07.720 about today. Big, big, big, big topics dominated news headlines. 0:01:07.800 --> 0:01:12.440 I've talked about it extensively. I've been called on numerous 0:01:12.920 --> 0:01:16.720 podcasts and Twitter spaces to talk about this, and I 0:01:16.720 --> 0:01:21.399 am talking about the banking collapse now. In the decentralized revolution, 0:01:21.440 --> 0:01:25.560 we talk about three revolutionary cycles that are all converging. 0:01:25.600 --> 0:01:27.840 Of course, there's the two hundred and fifty year political 0:01:28.400 --> 0:01:32.320 revolution cycle. There's an eighty year financial revolution cycle on 0:01:32.360 --> 0:01:35.520 a fifty year tech but the eighty year financial cycle 0:01:35.600 --> 0:01:38.600 is where we're at. We're seeing the entire financial system 0:01:38.720 --> 0:01:46.000 being reset. The banking system is being reset, the sovereign 0:01:46.600 --> 0:01:50.640 wealth system, the entire global financial system is being reset 0:01:50.720 --> 0:01:53.280 right before our very eyes. About eighty years ago, we 0:01:53.320 --> 0:01:55.800 went into the Bretton Woods Agreement where the entire world, 0:01:57.160 --> 0:01:59.400 most of the entire world, agreed to go into a 0:01:59.480 --> 0:02:02.160 new monitor hary system. It would be a gold back system, 0:02:02.920 --> 0:02:05.120 that it would be gold, the dollar would be pegged 0:02:05.120 --> 0:02:07.720 to gold, and everyone would use the dollar. And now 0:02:07.760 --> 0:02:09.880 that system is being reset and we're watching it now. 0:02:10.240 --> 0:02:13.520 It is not near as neat and clean and easy 0:02:13.560 --> 0:02:16.760 as it was before because as the cracks start happening, 0:02:17.040 --> 0:02:19.799 it gets very messy. It's very dangerous. You don't want 0:02:19.800 --> 0:02:22.040 to get caught up in this danger. You want to 0:02:22.040 --> 0:02:23.600 be able to navigate it correctly, and if you navigate 0:02:23.600 --> 0:02:26.280 it correctly, it could be massively profitable for you. So 0:02:26.280 --> 0:02:27.840 we're gonna talk about that. We're gonna talk about the 0:02:27.840 --> 0:02:31.120 banking system collapsing. Like I said, it's all over the news. 0:02:31.360 --> 0:02:35.480 Silicon Valley Bank SVB was bailed out. We're gonna talk 0:02:35.480 --> 0:02:38.400 about that. We're gonna talk about, like I said, how 0:02:38.440 --> 0:02:41.480 this goes into the banking system overall, not just for 0:02:41.480 --> 0:02:43.720 the United States, but for the world, what that means. 0:02:43.760 --> 0:02:45.799 We'll talk about steps that you can do to protect yourself. 0:02:45.880 --> 0:02:48.320 So we have a lot to cover. Like I said, 0:02:48.320 --> 0:02:52.360 I've talked about this extensively, and so I'm going to 0:02:52.400 --> 0:02:54.520 give you some different perspectives that I was thinking about 0:02:54.600 --> 0:02:59.000 last night, thinking about this morning, because as I think 0:02:59.000 --> 0:03:01.400 about this, as I talk, as I discuss it, I 0:03:01.480 --> 0:03:03.560 keep kind of having these new insights and revelations. And 0:03:03.560 --> 0:03:05.160 so we're gonna talk about a couple of different angles 0:03:05.160 --> 0:03:08.840 that I haven't really thought of. So let's dig in, 0:03:09.000 --> 0:03:11.639 all right. So, first of all, the banks are collapsing. 0:03:11.680 --> 0:03:13.160 You've heard it, like I said, Unless you've been living 0:03:13.240 --> 0:03:14.960 under a rock, you already know this. You've heard about it. 0:03:15.320 --> 0:03:18.160 Silicon Valley Bank crashed. Of course it wasn't the first one. 0:03:18.560 --> 0:03:25.080 Didn't happen a vacuum. First we saw it was Silvergate 0:03:25.120 --> 0:03:28.880 Bank first of all, and then it was you know, SBB. 0:03:29.800 --> 0:03:32.560 Now we're seeing other banks, Signature Bank was taken over, etc. 0:03:33.560 --> 0:03:37.520 So why are they failing now? If you want a 0:03:37.760 --> 0:03:41.600 super deep analysis into the data, including looking at the 0:03:41.680 --> 0:03:44.040 charts and the graphs and the data, go to my 0:03:44.120 --> 0:03:47.000 main YouTube channel. Just search Mark Moss on YouTube and 0:03:47.080 --> 0:03:49.440 you'll see a very detailed video. I don't know how 0:03:49.440 --> 0:03:51.840 long that was. It was, it was long, it was, 0:03:52.000 --> 0:03:54.080 I don't know. I haven't looked. Probably twenty thirty minutes, 0:03:54.080 --> 0:03:55.680 I'm guessing. But I have all the charts of all 0:03:55.720 --> 0:03:57.240 the graphs if you want to see the data of 0:03:57.320 --> 0:03:59.600 exactly how this went down. So I'm not going to 0:03:59.640 --> 0:04:01.440 go super deep into that, because like I said, you 0:04:01.440 --> 0:04:03.120 can go watch that if you want. I'm gonna give 0:04:03.160 --> 0:04:04.880 you the super high level because I want to get 0:04:04.920 --> 0:04:08.520 to what I think is more important, which is why 0:04:08.680 --> 0:04:11.640 is the system failing? What is the government doing to 0:04:11.920 --> 0:04:16.400 prevent a new system from being built to save this system? 0:04:17.279 --> 0:04:19.400 Why it's inevitable. It's going to happen, like I said, 0:04:19.760 --> 0:04:21.800 and what we're gonna do about it? Okay, So why 0:04:21.920 --> 0:04:24.880 first of all, let's talk about that. So well, we'll 0:04:24.880 --> 0:04:28.440 just say it's the FED. The irony here is that 0:04:28.520 --> 0:04:32.160 the Federal Reserve was created in nineteen thirteen, and it 0:04:32.240 --> 0:04:36.200 was created to stop the boom and bust cycles. Specifically, 0:04:36.240 --> 0:04:39.040 it was created to backstop banks because previous to the 0:04:39.120 --> 0:04:43.120 Federal Reserve creation in the late eighteen hundreds, we had 0:04:43.160 --> 0:04:46.520 an era known as free banking. And what that means 0:04:46.640 --> 0:04:50.159 is that we had something called capitalism where we had 0:04:50.240 --> 0:04:52.840 businesses that would compete against each other, and so you 0:04:52.839 --> 0:04:56.200 had all these different banks and they would try out 0:04:56.240 --> 0:04:59.560 different models. That's how it works in capitalism. One bank 0:04:59.600 --> 0:05:02.440 would try one system, another bank would try another system, 0:05:02.920 --> 0:05:05.599 and we were starting to figure out what was working 0:05:05.640 --> 0:05:09.359 and what wasn't working, and unfortunately, some banks went bust, 0:05:09.400 --> 0:05:11.160 and when the banks went bust, people would lose their 0:05:11.160 --> 0:05:14.599 money in there. Now, I believe, and this is a 0:05:14.600 --> 0:05:17.760 pretty radical viewpoint today, So I apologize if this ends you. 0:05:18.320 --> 0:05:21.280 Not really, I don't apologize for that, but my very 0:05:21.360 --> 0:05:24.440 radical viewpoint is that I believe that we should be 0:05:24.480 --> 0:05:29.440 responsible for ourselves. At the end of the day, anything 0:05:29.480 --> 0:05:33.039 that happens in my life is my responsibility, just like 0:05:33.080 --> 0:05:36.200 anything that happens in my business is my responsibility. Even 0:05:36.240 --> 0:05:38.400 if it was someone below me, someone who was supposed 0:05:38.440 --> 0:05:39.280 to do that. At the end of the day, I 0:05:39.279 --> 0:05:42.599 got to take responsibility. It's my business, it's my life, 0:05:42.600 --> 0:05:45.920 it's my money. I need to take responsibility for where 0:05:45.960 --> 0:05:48.520 I put that money. So in the free banking are 0:05:48.560 --> 0:05:50.120 in the eighteen hundreds, it was it was up to 0:05:50.160 --> 0:05:52.520 the people to be responsible for that money. Just like 0:05:52.560 --> 0:05:55.200 a Silicon Valley bank, it was their responsibility to make 0:05:55.200 --> 0:05:57.320 sure where they put their money was safe. And we'll 0:05:57.320 --> 0:06:00.560 talk about that, but first let me continue frame this up. 0:06:00.960 --> 0:06:04.000 So with this araa free banking and these banks were 0:06:04.000 --> 0:06:06.359 trying out different models capitalism at its finest, we were 0:06:06.360 --> 0:06:09.520 starting to figure out what worked. Part of what caused 0:06:09.520 --> 0:06:11.840 that banking system to collapse the free banking era was 0:06:12.240 --> 0:06:14.720 the government. The government came in to put all kinds 0:06:14.720 --> 0:06:18.360 of crazy restrictions on this free banking, such as they 0:06:18.360 --> 0:06:21.719 couldn't have more than one branch open in different jurisdictions. 0:06:21.720 --> 0:06:25.440 And so if you got money, iou claims because back 0:06:25.440 --> 0:06:27.600 then gold was money. Gold went into the bank. They 0:06:27.640 --> 0:06:30.000 gave us an IOU, a paper gold certificate that was 0:06:30.040 --> 0:06:33.200 redeemable for gold. But if I got an IOU from 0:06:33.200 --> 0:06:36.560 a bank in New York, I necessarily couldn't redeem that 0:06:36.680 --> 0:06:40.120 IOU in a bank in Texas or California. The banks 0:06:40.120 --> 0:06:43.200 were not allowed because of government regulations. They weren't allowed 0:06:43.200 --> 0:06:45.960 to open up separate banks. So what happened is if 0:06:46.000 --> 0:06:49.120 I wanted to redeem a paper goalstificate from New York 0:06:49.120 --> 0:06:51.760 in Texas, they would make me. They'd give me a discount. 0:06:51.760 --> 0:06:53.000 They'd say, we're not going to redeem it a one 0:06:53.040 --> 0:06:56.080 hundred percent, will give you seventy eighty percent or whatever 0:06:56.080 --> 0:06:59.280 it is that really restricted it. Now, it's no different. 0:07:00.440 --> 0:07:01.880 I spend a lot of time in Mexico. As a 0:07:01.880 --> 0:07:03.920 matter of fact, I'm heading down to Mexico tonight, and 0:07:04.080 --> 0:07:07.400 in the very remote places of Mexico, they don't want dollars. 0:07:07.680 --> 0:07:10.840 They use pasos. So if you're in the tourist areas, 0:07:10.880 --> 0:07:15.200 they typically will take dollars, but your exchange rate isn't 0:07:15.200 --> 0:07:17.400 always going to be that good. Now, if you go 0:07:17.440 --> 0:07:20.120 to the more remote places, they may not take those 0:07:20.120 --> 0:07:21.640 dollars at all, or they're going to give you a 0:07:21.960 --> 0:07:24.640 very discounted exchange rate, because it's what are they going 0:07:24.680 --> 0:07:26.480 to do now? They got to go drive hours or 0:07:26.480 --> 0:07:28.040 whatever to the bank to go exchanges, so they're going 0:07:28.120 --> 0:07:30.280 to charge you for that. And that's basically what happened 0:07:30.320 --> 0:07:31.800 in the free banking are That was number one, but 0:07:31.920 --> 0:07:35.840 the number two this is a very interesting parallel protocol here, 0:07:36.560 --> 0:07:41.640 or parallel way to look at it, is that the 0:07:41.720 --> 0:07:47.960 governments forced these free banks to buy government bonds. And 0:07:48.120 --> 0:07:51.400 what happened is that that's government debt treasuries, which are 0:07:51.440 --> 0:07:53.160 supposed to be the risk free asset because the government's 0:07:53.200 --> 0:07:55.120 never going to default. But the problem is is that 0:07:55.480 --> 0:07:58.360 the bonds crashed and these free banks we're sitting on 0:07:58.360 --> 0:08:00.720 a bunch of government bonds that lost value and the 0:08:00.760 --> 0:08:08.480 bank's crashed. Now interesting parallel because that's exactly what just 0:08:08.560 --> 0:08:12.480 happened in this banking collapse. They bought risky assets that 0:08:12.600 --> 0:08:17.240 were government bonds that lost money and they collapsed as well. 0:08:17.360 --> 0:08:18.920 Same thing that happened in the free banking area. It 0:08:18.920 --> 0:08:21.160 wasn't really free. It was mandated by the government. Can't 0:08:21.160 --> 0:08:22.760 have more than one branch. You have to buy government 0:08:22.760 --> 0:08:25.600 bonds and they lost money. Then the Federal Reserve was 0:08:25.640 --> 0:08:29.040 started nineteen thirteen. We're gonna backstop the banks. We're gonna 0:08:29.080 --> 0:08:30.640 make sure that it doesn't happen. We're gonna make sure 0:08:30.640 --> 0:08:33.120 that we regulate them and they're gonna be safe, and 0:08:33.160 --> 0:08:35.320 we're going to make sure that if they fail, we're 0:08:35.320 --> 0:08:37.960 going to back up the deposits. And so ever since 0:08:38.040 --> 0:08:40.680 nineteen thirteen, when the Federal Reserve was created to do 0:08:40.840 --> 0:08:44.440 just that, booms and bus have only gotten bigger and 0:08:44.440 --> 0:08:48.560 bigger and bigger. We've had something like over five hundred 0:08:48.640 --> 0:08:51.880 banks have failed in the last you know, thirty forty years, 0:08:52.200 --> 0:08:54.280 and we're having banks failing today. If you're just tune 0:08:54.320 --> 0:08:56.280 in you are listening to the Mark Moas Show. We're 0:08:56.320 --> 0:08:58.760 talking about the banking collapse that happening, but we're gonna 0:08:58.800 --> 0:09:00.959 bring it into bigger context, show you how the entire 0:09:01.360 --> 0:09:04.880 financial system of the United States and the world is collapsing. 0:09:05.000 --> 0:09:07.760 How do we protect ourselves, what's coming next? All of 0:09:07.800 --> 0:09:10.280 that good stuff like we always talk about all the time. 0:09:11.080 --> 0:09:13.280 Again listening to the markmas Show. If you if you 0:09:13.320 --> 0:09:15.400 miss any of this, you can catch it on the podcast. 0:09:15.440 --> 0:09:17.880 Just search the Mark Moa show and your favorite podcast player, 0:09:18.440 --> 0:09:21.120 or you can watch me on YouTube as well. Just 0:09:21.160 --> 0:09:24.080 search Market Disruptors and you can find it over there 0:09:24.080 --> 0:09:25.400 as well. But I gotta take a quick break. I'm 0:09:25.400 --> 0:09:26.880 gonna take a second. I'm gonna come back. We're gonna 0:09:26.880 --> 0:09:29.040 talk about this more. Don't go away, I'll be right back, 0:09:37.400 --> 0:09:38.880 all right, welcome back. If you just tune in, you 0:09:38.920 --> 0:09:41.319 are listening to the Mark Moas Show. We're talking about 0:09:41.440 --> 0:09:44.720 the blood bath in the banking sector. We're talking about 0:09:44.720 --> 0:09:46.480 the meltdown in the banking sector. And so I was 0:09:46.559 --> 0:09:49.719 kind of framing up how that worked. It's failing. So 0:09:50.679 --> 0:09:53.880 the banking system is failing because the banks don't have 0:09:53.920 --> 0:09:56.080 any money. So what happens is you put your money 0:09:56.080 --> 0:09:57.840 in the bank and you hope that you get your 0:09:57.840 --> 0:09:59.160 money back out of the bank. What a lot of 0:09:59.160 --> 0:10:00.640 you maybe don't know is that when you give that 0:10:00.679 --> 0:10:03.880 money to the bank, it is no longer your money. 0:10:03.960 --> 0:10:06.480 Most people don't understand this. When you open up bankcount, 0:10:06.480 --> 0:10:08.199 you fill out a whole packet of information. In that 0:10:08.240 --> 0:10:10.920 packet of information, you basically give away your money. It's 0:10:10.960 --> 0:10:15.240 no longer years. You now become what's called an unsecured 0:10:15.360 --> 0:10:19.120 creditor of the bank. So what does that mean? Unsecured? 0:10:19.160 --> 0:10:21.320 That means they owe it to you, but it's not 0:10:21.360 --> 0:10:24.360 against any security. Like if the bank, you know, gives 0:10:24.400 --> 0:10:27.160 you a loan against your house, but it's secured against house. 0:10:27.200 --> 0:10:29.000 If you don't pay the house loan, they take your house, 0:10:29.000 --> 0:10:30.960 it's secured against that asset. But when you give your 0:10:30.960 --> 0:10:33.440 money to the bank, it's unsecured. So we're doing that 0:10:33.880 --> 0:10:36.040 and they don't have the money. Now in the case 0:10:36.080 --> 0:10:37.800 of this, just to kind of frame it up real quick, 0:10:37.800 --> 0:10:39.680 go watch my YouTube video to get the full details. 0:10:39.720 --> 0:10:44.000 But basically, the FED created all this money, so we 0:10:44.040 --> 0:10:47.839 had the pandemic twenty twenty came between the FED and 0:10:47.880 --> 0:10:50.920 the government. They printed about eleven trillion dollars and sent 0:10:51.000 --> 0:10:53.920 that out into the ecosystem. Where does that money go, Well, 0:10:53.920 --> 0:10:55.760 of course, it goes to businesses and people and things 0:10:55.800 --> 0:10:59.480 like that, and they put it into the bank. The 0:10:59.520 --> 0:11:02.559 bank balance is swelled to massive amounts had and seen 0:11:02.559 --> 0:11:04.320 as a matter of fact, in twenty twenty one, banks 0:11:04.320 --> 0:11:07.280 were telling people not to give them any more cash. 0:11:07.559 --> 0:11:09.280 We don't want your cash, we don't have to do 0:11:09.360 --> 0:11:12.480 with it, go spend it, give it to another Bank. 0:11:12.520 --> 0:11:14.840 I mean it was crazy, and so they balance is swelled. 0:11:14.920 --> 0:11:18.080 For SVB, Silicon Valley Bank, the balance is swelled from 0:11:18.200 --> 0:11:23.000 sixty billion to almost two hundred from sixty to two 0:11:23.120 --> 0:11:25.320 hundred in about a year and a half. Now what 0:11:25.360 --> 0:11:28.840 do they do with all that cash, Well, they invest it. 0:11:30.040 --> 0:11:33.160 It's your money, they invest it, and they make money. 0:11:33.559 --> 0:11:35.319 Of course, they give you zero percent. We're going to 0:11:35.400 --> 0:11:37.400 come back to that, and that's an interesting piece. They 0:11:37.440 --> 0:11:39.720 give you zero they're making money. But the problem is 0:11:40.360 --> 0:11:43.400 with Silicon Valley they and other banks, Silvergate as well, 0:11:43.440 --> 0:11:46.400 they bought government bonds when government bonds very cheap. Then 0:11:46.400 --> 0:11:49.040 the Fed goes on this crazy hiking path, raises rates 0:11:49.040 --> 0:11:53.280 really high, drives the value of those bonds down, and 0:11:53.360 --> 0:11:55.040 the bank's lost a lot of money, similar to the 0:11:55.040 --> 0:11:57.679 free banking era. Then when people went to go get 0:11:57.720 --> 0:12:00.520 their money out of the bank, Silvergate Bank had over 0:12:00.600 --> 0:12:06.080 forty billion dollars worth of redemptions or withdraws in a day, 0:12:06.640 --> 0:12:09.040 and they didn't have the money. It was gone. They 0:12:09.160 --> 0:12:12.240 risked it into treasuries, they risked it into mortgage backed securities, 0:12:12.600 --> 0:12:14.680 and they lost money, and they didn't have the money 0:12:14.720 --> 0:12:16.960 to give to the people. When they started selling the 0:12:16.960 --> 0:12:19.480 treasuries to get the money. They lost almost two billion dollars. 0:12:19.520 --> 0:12:21.240 They try to go raise two billion dollars to pay 0:12:21.280 --> 0:12:23.320 these people. No one want to give it to them, surprise, surprise, 0:12:23.679 --> 0:12:26.000 and they went out. Now it's a it's a much deeper, 0:12:26.679 --> 0:12:28.160 more involved story. Like I said, go to my main 0:12:28.200 --> 0:12:31.000 YouTube channel, Mark Moss to watch that whole thing. All right, 0:12:32.160 --> 0:12:34.000 But the problem, the thing is that I want to 0:12:34.080 --> 0:12:37.480 highlight is that this isn't just silver Gate or Silicon 0:12:37.559 --> 0:12:42.240 Valley Bank or Signature Bank. This is all the banks. 0:12:42.880 --> 0:12:47.360 This is the entire banking system that's breaking apart. Like this, 0:12:48.360 --> 0:12:53.160 it's doomed. They don't have your money now. In order 0:12:53.200 --> 0:12:55.679 to try to save this system, the FED pulled out 0:12:55.679 --> 0:12:58.120 some more magic tricks and they basically said, hey, all 0:12:58.160 --> 0:13:00.800 these government bonds that you have you lost money on, 0:13:00.840 --> 0:13:04.160 We'll just make you whole, okay. And the FED also 0:13:04.200 --> 0:13:07.480 said we're gonna we're gonna guarantee all deposits. So you 0:13:07.559 --> 0:13:10.439 have money in the bank that's FDIC insured up to 0:13:10.480 --> 0:13:13.400 two hundred fifty thousand dollars. But now the FED said, hey, 0:13:13.400 --> 0:13:15.960 we're just going to guarantee all of it. Now, why 0:13:16.080 --> 0:13:21.560 Silicon Valley Bank is a bank in Silicon Valley. Silicon 0:13:21.720 --> 0:13:26.280 Valley is a big, big, big political donors, specifically to 0:13:26.360 --> 0:13:33.640 the Democrat Party. California Governor Gavin Newsom rallied really really, 0:13:33.640 --> 0:13:36.199 really hard to get a bell out for Silicon Valley Bank. 0:13:36.280 --> 0:13:40.240 Turns out all his businesses use that bank. Surprise surprise, 0:13:40.840 --> 0:13:44.240 turns out about ninety eight percent of all the deposits 0:13:44.240 --> 0:13:47.280 of Silicon Valley Bank were not insured because they were 0:13:47.480 --> 0:13:50.680 over the two hundred fifty thousand dollars limit. So we 0:13:50.760 --> 0:13:55.000 basically had was a small, very small community bank for 0:13:55.120 --> 0:13:58.800 the very very very rich. That's what we had, the 0:13:58.960 --> 0:14:01.839 very very rich and very very connected, we'll say, right. 0:14:01.920 --> 0:14:04.240 So that's basically what happened. And so they got the 0:14:04.280 --> 0:14:06.719 government to guy and Knewsom got the government's ear they 0:14:06.760 --> 0:14:09.120 built out the bank, and they made all those depositors hold. 0:14:09.160 --> 0:14:14.800 Now it wasn't necessary to do this, there was they 0:14:14.920 --> 0:14:17.120 had losses. They wouldn't been able to pay everybody back 0:14:17.160 --> 0:14:19.480 one hundred percent, but they could have paid back everybody 0:14:19.520 --> 0:14:23.080 mostly ninety percent. Maybe some of these depositors would have 0:14:23.080 --> 0:14:25.240 taken a ten percent haircut. These are the billionaires I 0:14:25.240 --> 0:14:27.520 think they could afford a ten percent haircut, but more importantly, 0:14:27.560 --> 0:14:29.880 would protect the system, because that ten percent haircut would 0:14:29.880 --> 0:14:31.960 be like that slap on the wrist when you touch 0:14:31.960 --> 0:14:33.320 a hot stove and you don't and you know, you 0:14:33.320 --> 0:14:35.800 don't touch it again, And it would teach those people 0:14:36.200 --> 0:14:39.280 that they should take personal responsibility and not put all 0:14:39.320 --> 0:14:42.680 their money into the system that's not protected. It would 0:14:42.720 --> 0:14:47.720 also teach the bank that they should use proper risk management. 0:14:47.760 --> 0:14:50.320 So SVB Bank didn't do that. They didn't use any 0:14:50.320 --> 0:14:52.800 proper risk management. They were way too risky. As a 0:14:52.800 --> 0:14:54.760 matter of fact, they had about seventy percent of their 0:14:55.040 --> 0:14:59.080 investments into mortgage backed securities for comparison stake that normal 0:14:59.120 --> 0:15:02.760 banks are about third. They're way too risky, and they 0:15:02.760 --> 0:15:05.880 didn't employ even the most basic of risk management strategies, 0:15:06.000 --> 0:15:09.280 such as hedges, to protect themselves against bond yields moving 0:15:09.320 --> 0:15:14.160 against them. And so again no lesson has learned. Capitalism 0:15:14.160 --> 0:15:17.560 is shurecutted, and so the government saves the day. But 0:15:18.240 --> 0:15:21.160 one thing that's important here is that in the fog 0:15:21.200 --> 0:15:27.120 of war there are casualties sometimes that you might be 0:15:27.120 --> 0:15:29.640 called friendly fire or something like that. And in this case, 0:15:30.160 --> 0:15:32.280 it looks like what the government is trying to do, 0:15:32.360 --> 0:15:34.920 or actually say, the banking system is. They're trying to 0:15:34.920 --> 0:15:39.240 take out the exits. They don't want you to get 0:15:39.240 --> 0:15:40.800 out of the system because if you get out of 0:15:40.800 --> 0:15:43.880 the system, the system collapses. They need your money in 0:15:43.960 --> 0:15:46.880 the bank. As we found out Silicon Valley Bank, people 0:15:46.920 --> 0:15:48.400 tried to pull their money out the bank. The banking 0:15:48.400 --> 0:15:51.200 system collapsed. If people go pull their money out of 0:15:51.200 --> 0:15:53.920 the bank, the banking system will collapse. As a matter 0:15:53.960 --> 0:15:57.640 of fact, if just a few percentage of the people 0:15:57.800 --> 0:15:59.240 were to pull their money out of the banks, the 0:15:59.240 --> 0:16:02.440 banking system collapse. So they need your money in the bank. 0:16:02.720 --> 0:16:05.320 They don't want it coming out. The whole system of collapses. 0:16:05.520 --> 0:16:07.800 And we can see this. So I recently had on 0:16:08.320 --> 0:16:12.960 Caitlyn Long on my main YouTube channel, Amazing interviews also 0:16:13.000 --> 0:16:16.040 on the podcast so Mark Moss Show Caitlyn Long. You 0:16:16.040 --> 0:16:18.720 can find that interview hundreds of thousands of views on 0:16:18.720 --> 0:16:21.040 this video and the podcast downloads. Go check that out. 0:16:21.480 --> 0:16:24.359 And she was trying to form a bank called Custodia 0:16:24.440 --> 0:16:27.680 Bank in Wyoming, and Custodia Bank was going to be 0:16:27.720 --> 0:16:30.600 a custodian which meant they were going to hold onto 0:16:30.640 --> 0:16:32.480 your cash for you. They were going to be a 0:16:32.520 --> 0:16:35.760 one hundred percent full reserve, meaning you give them money, 0:16:36.080 --> 0:16:39.200 they keep it. None of the other banks do that. 0:16:39.560 --> 0:16:41.040 When you give your money to the banks, they lend 0:16:41.080 --> 0:16:43.920 it out. They don't have your money. But her bank 0:16:44.040 --> 0:16:47.480 wanted to have a novel idea such as, we're going 0:16:47.560 --> 0:16:50.600 to keep all your cash in the bank and we're 0:16:50.640 --> 0:16:53.400 going to charge you just to service your cash. And 0:16:53.440 --> 0:16:54.880 I think a lot of people would do that, and 0:16:54.920 --> 0:16:56.800 apparently the FED thinks a lot of people would want 0:16:56.800 --> 0:16:59.920 that as well. So the FED denied their banking charter. 0:17:00.040 --> 0:17:03.160 They said, Nope, you can't have that. Why why would 0:17:03.200 --> 0:17:05.000 the FED do that? Well, it turns out it wasn't 0:17:05.040 --> 0:17:07.240 the only one. There was another bank called Narrow Bank, 0:17:07.600 --> 0:17:11.560 same thing. So the FED has to approve any bank 0:17:11.640 --> 0:17:16.439 charter and Narrow Bank Custodia bank. They got denied for 0:17:16.560 --> 0:17:20.760 trying to be safe, for trying to hold onto your cash, 0:17:20.800 --> 0:17:22.800 which is what they're supposed to do, and the FED 0:17:22.840 --> 0:17:24.760 deny them. Why would the FED deny them? Will the 0:17:24.760 --> 0:17:28.320 FED deny them because they know that that's what people 0:17:28.359 --> 0:17:31.520 would want, and so everyone would take all their money 0:17:31.520 --> 0:17:33.280 out of these risky banks. They don't hold your money, 0:17:33.400 --> 0:17:35.959 and they would move it to these other banks and 0:17:36.000 --> 0:17:38.399 it would completely wipe out the banking systems. So the 0:17:38.400 --> 0:17:41.440 FED said, no, no, you don't have the right to 0:17:41.560 --> 0:17:45.520 keep yourself safe. That's how fragile this system is. But 0:17:45.640 --> 0:17:48.680 it gets worse. There's so much more now you won't 0:17:48.720 --> 0:17:50.720 even believe what they're trying to blame this on and 0:17:50.800 --> 0:17:54.000 what they're trying to do next. It's probably one of 0:17:54.040 --> 0:17:56.880 the biggest battlegrounds that we have in our life right 0:17:56.880 --> 0:17:58.560 now and over the next couple years, we're gonna talk 0:17:58.560 --> 0:18:00.199 about that. I gotta take a quick break. If you're 0:18:00.200 --> 0:18:01.680 just tune in right now, you're listening to the Mark 0:18:01.720 --> 0:18:04.480 Moas Show, talking about the banking collapse, the blood bath, 0:18:04.840 --> 0:18:07.800 explain to you. But we are going to go deep. 0:18:07.840 --> 0:18:09.159 We have a lot more to cover, so do not 0:18:09.240 --> 0:18:10.840 go away. I'm just gonna take a quick break. I'll 0:18:10.840 --> 0:18:13.679 come right back, all right, Welcome back. If you just 0:18:13.680 --> 0:18:15.560 tune in, you are listening to the Mark Moss Show, 0:18:15.600 --> 0:18:18.960 we're talking about the banking collapse. Of course, this builds 0:18:18.960 --> 0:18:21.600 into our thesis of the decentralized revolution that we talk 0:18:21.640 --> 0:18:24.359 about each end every week. And I was talking about 0:18:24.359 --> 0:18:27.840 how the government or the Fudderal Reserve. The Fuddal Reserve 0:18:27.920 --> 0:18:31.960 approves banks, and they've denied two different banks because they 0:18:31.960 --> 0:18:34.560 want to hold your money in the bank. It's the 0:18:34.600 --> 0:18:37.040 novel concept and they don't want that because they know 0:18:37.160 --> 0:18:40.320 that if there was a bank that offered safety and security, 0:18:40.359 --> 0:18:42.439 everybody would go to that bank. It would collapse the 0:18:42.560 --> 0:18:44.159 entire system. So what they want is they want to 0:18:44.200 --> 0:18:47.320 take out the exits. It looks like what they've also 0:18:47.400 --> 0:18:49.600 done is they've taken out the exits. There's another bank 0:18:49.640 --> 0:18:52.520 called Signature Bank that got taken over by the FDIC 0:18:53.240 --> 0:18:57.840 and according to one of the authors of the Dodd 0:18:57.960 --> 0:19:00.560 Frank Act that was written after the bank collapse of 0:19:00.560 --> 0:19:03.000 two thousand and eight, that was written specifically to not 0:19:03.160 --> 0:19:05.560 have this problem happen again. According to one of the 0:19:05.600 --> 0:19:09.080 authors of that bill, he said that Signature Bank was 0:19:09.119 --> 0:19:11.240 taken over by the FDIC, and they don't know why. 0:19:12.119 --> 0:19:18.040 It wasn't risky, it wasn't facing insolvency. There was absolutely 0:19:18.080 --> 0:19:20.200 no reason for it to be taken over by the FDIC. 0:19:21.480 --> 0:19:26.480 So he doesn't know why, except for Signature Bank is 0:19:26.520 --> 0:19:30.800 one of the main banks that cryptocurrency and bitcoin companies use. 0:19:32.400 --> 0:19:35.520 So we had Silvergate Bank go down. That was one 0:19:35.560 --> 0:19:37.680 of the main banks, and so people when silver Gate 0:19:37.720 --> 0:19:39.480 went down, they left and they went to Signature Bank. 0:19:39.480 --> 0:19:41.520 Signature Bank was one of the other very very very 0:19:41.560 --> 0:19:45.000 crypto bitcoin friendly banks, and that just got taken over 0:19:45.440 --> 0:19:50.080 for no reason, apparently, no reason. They weren't risky except 0:19:50.080 --> 0:19:53.080 for is this another case of them trying to take 0:19:53.119 --> 0:19:56.560 out the exits. They don't want you to be safe. 0:19:56.800 --> 0:19:58.560 They don't want you to find the exit, to find 0:19:58.560 --> 0:20:01.480 the lifeboat. They want you on the boat as the 0:20:01.480 --> 0:20:04.160 boat goes down, because I guess it makes the boat 0:20:04.200 --> 0:20:08.440 go down less slowly obviously, right if everybody rushed for 0:20:08.440 --> 0:20:10.840 the exits, the boat would just sink. Now, they're doing 0:20:10.840 --> 0:20:12.160 this from a lot of ways. And as I said 0:20:12.280 --> 0:20:13.919 kind of before the break, I was saying, this is all. 0:20:14.040 --> 0:20:16.919