How Safe Is Your Money Now? The Federal Reserve decided to print “infinite money”. Are banks safe anymore?
► My Stock Portfolio: https://www.patreon.com/andreijikh
► Get 1 Free Stock on WeBull when you deposit any dollar amount (Valued up to $1400): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD Invite Code (grab your other free stock): https://robinhood.c3me6x.net/c/1980551/671816/10402
► M1 Finance Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646
► Try Audible and Get Two Free Audiobooks: https://amzn.to/2ouTHKS
► Stocking Stuffers for the Holidays: https://www.ipo52.com
► How I Make My Videos: https://www.amazon.com/shop/andreijikh
► Music In My Videos: https://www.epidemicsound.com/referral/cr8cqg/
►Instagram: https://www.instagram.com/andreijikh/
► http://www.MAJIKH.com
*Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
source
If the business keeps bailing out junk companies, how does it help the economy long term?
Junk companies aren't going to stop being junk because someone handed them low interest loans – it only creates more rich (not wealthy) CEO's who run companies (and investments) into the ground….
invest it all into physical gold and silver!
Defi
For people who are impatient
YOU ARE SAFE TO KEEP YOUR MONEY IN THE BANK, IF:
– you are within the limit of money secured amount
CICD (CANADA): 100K
U.S.A: 250K
If any given banks fail, the FDIC will give you money back within the next business day.
If this makes you uncomfortable, then keep it in a vault.
— watch the whole video if you want to actually learn more info <3
I have 6 bitcoins its enough for a year
wikibuy is shit!!!! 💩💩💩
I am interested to hear your take on 'The collateralization of debt' and the introduction of 50 and 100 year Bonds by insolvent nations.
When things get tough for the government. The government will ban bitcoin. Unfair, but that is what they will do. If you think the government is looking out for your interest then I feel sorry for your ignorance. Listen to George Carlin he was a comedian, but more intelligent than most economists that lie.
Good info! Bad time to buy a home. In a year be half off sale!
The red dead redemption episode of south park explains this perfectly.
You just called Austrian economics "Thanos"..
No.. rather its the other way around.. Keynesians should be called Thanos.
You are essentially an Austrian.. Isn't that why you save money ?
Great video, very insightful!! i made my first million investing in trading stocks. it all comes down to having good financial expert trader assist you. I have Linnea Wilma handle my trades..thanks to her I'm counting my second million this year.
buy gold !!!
I’d like to hear your thoughts on credit card!!!
You are so funny!!! I love your channel it’s really helpful!!!!! Thanks
Thank you for your video, can you tell us more about bitcoin investments ?
Did you say "yeezy's" like the shoes? Cuz it sounded like you told us we need Jesus . . .
I fucking hate this channel almost as much as I hate Graham.. I don’t fucking ever learn anything from this dude and his awkward smiles and his corny gags.. Jesus Christ this is so fucking bad!
Great research for such a young guy. I am an investor and in my 60's. I see a great tragedy and opportunity here coming down the pike. One problem coming up will be how the banks can profit during a zero interest rate environment. Also pension funds and insurance companies need a reliable fixed income backstop in order to provide ballast for their promises to beneficiaries and clients. The bond market is far larger than the stock market. If rates are zero or nearly so that means the bond market essentially is defunct and the older bonds will only last so long. Having rates at zero is a disaster waiting to happen. Some time this year we will hear about some large pensions, insurance companies, investment companies , real estate investment trusts going bankrupt. This will cause the dominos to start to fall and cause another economic crisis. The US government is basically bankrupt and thinks it can just solve this by creating money and giving it away. That only creates bigger problems later. Whether those problems are inflation, currency defaults, deflation, or something else are unknowable at this time. Short term thinking got us into this problem. More of that is not the solution.
If bitcoin never crashed I would currently be worth over 200 million. Ended up making £300. You win some and you lose some lol
Just stumbled across your videos and thought to myself… can I invest 2k in stocks that pay dividends. Well, after some research and about 4 hrs of your videos, I'm on the board with a couple stocks that should bounce back. AAL, DIS, KO, F, BP, CVX to start with… with some at over 7% dividend currently! Great job with all your videos
“Go into mountains of debt” LMAO
First of all the government created bitcoin. Only a fool would think otherwise.
It is far worse than you portray in this video. First, the banks used to be required to have at least 10% cash on hand in case there was a run on the bank. The Fed just dropped that amount to 0. Now, they are not required to have any cash on hand. They can legally lend out 100% of their depositor's funds.
Secondly, the FDIC, which supposedly guarantees up to $250,000 per account, doesn't actually have sufficient funds to cover their "insured" depositors. The most recent estimate is they only have enough on hand to cover about 4%. That means only 4 out of 100 depositors will get their money back if there is a run on the bank. Or, looking at it another way, if just 1 in 25 people try to withdraw their money, the bank will fail.
Several major banks have already set limits on daily withdrawals. As the crisis unfolds, more restrictions will be enacted. As unemployment rises people will need to withdraw more money than usual. What do you think will happen when the bank says no?
I do not believe it is a safe time to have your currency in the bank.
woo-hoo bitcoin!
The Fed injects CURRENCY, not money. Check out Mike Maloney’s Secrets of Money.
500k!! let's GO !!!!!!!!!!!!!! Wish your page was a stock
Andrei I love your videos and your editing skills I’m starting off doing what I love and put content on YouTube I hope you can help me out and show us some tricks of the way you edit much love andrei
Every generation screws over the next generation. Sad, but true.
can we get something other than the zoom alien head slow mo? Love the vids but dear god man
Quantitative Easing. I go all in, all in to investing in things that aren't paper money.