The truth about the banking crisis...
ฝัง
- เผยแพร่เมื่อ 30 มิ.ย. 2024
- Hugh Hendry Bloomberg Markets America May 4, 2023
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🎵 Theme Song: Starspeed by MILANO
Considering the recent developments involving SVB, Signature Bank, and First Republic Bank, reminiscent of the 2008 market crash, is it prudent to continue saving in the United States dollar? Alternatively, would it be wise to contemplate investing in gold amidst these circumstances?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
@@richardhudson1243 It is often true that people underestimate the importance of financial advisors until they experience the negative effects of making decisions based on their emotions. I recall a few summers ago, following a long and difficult divorce, when I needed a significant boost to keep my business afloat. I conducted research and found a licensed advisor who was diligent and helpful in growing my reserves despite inflation. As a result, my reserves increased from $275k to approximately $850k.
@@darnellcapriccioso I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
@@maiadazz It's best you do your due diligence, I have my portfolio overseen by ‘Laurel Dell Sroufe’ and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.
@@darnellcapriccioso I really appreciate this info. Her website popped up on the first page immediately I searched her, I read through her resume and it seems very suitable. So, I dropped a message & hopefully she replies soon.
Hugh casually mentioning Volcker was Jay's teen idol 🤣
I just saw this on Twitter and shared it - as usual Hugh is authentic, articulate, emphatic - and spot-on. If you're not ready, he may even have given you a map.
Thanks Hugh, as always.
Hugh was more precise and clear than in previous interviews. He's Brilliant, as you follow him, like I do, you get more clarity about how he can see and be honest where others can't. Most so called News platforms filter the truth or simply Corporate bosses won't allow the truth, because at times this would and could cause Panic. Plus most financial Chanels don't have a clue what there talking about, but there cluelessness can be entertaining. Hugh's only agenda is to tell the truth, then you can figure how you want to react. Great Interview!
Yes, the banking system's lack of competitiveness in comparison to money market funds is the bigger issue (using reverse repo facility). They're through. Before this is resolved, the Fed needs to lower the Interest on Excess Reserves and remove money from their balance sheet. What happened with these banks is only the beginning of what will happen if nothing is done to address the current situation.
feel so bad for the smaller banks.
@@GGGsanchez6334 scammer
"resolved" .....Where the hell do you see a "problem"? Everything's going according to the plan ....Banking "consolidation " ( meaning the death of competition in banking ) , you think small banks can afford a fully furnished , brand spanking new CBDC tech department ? Nope , only big banks can , and for big banks to be able to take big decisions at the table amongst "friends" without the annoyance of small fry yapping , they gotta eat them .....
This old homeless lady in the baseball cap sounds a lot like Hugh Hendry during the GFC.
Hugh is on point. Extremely insightful and entertaining. In the recent past he was speaking another language from another world. I'm glad his back with us as he is brilliant.
Hugh's best interview ever. Pure entertainment and lots of truth bombs. But his idea that gold is too loved? What about silver? It is reviled. He must not own any or he would know!
The volatility of silver is very hard to stomach for most investors. This vol makes Ag an opportunity to profit greatly, but when most investors see a 30% drop in their holdings, they will puke, as Hugh says.
@@PinballBob1 Stack it for emergencies, don't trade it. Its insurance not a debt instrument or a stock - its real wealth/money.
@@PinballBob1 how about all of those bitcoiners that bought at 50k+ ?
Silver has value but it has an industrial need and the bid is determined by economy health. Gold is true "money" and sits around looking shiny for it's amazing accounting properties. Bitcoin is basically a tech stock and acts like one. Not a fungible unit, slow transaction time. Its a stock or asset
@@markgreen2170 It's undeniable that those who bought BTC early have made enormous profits. Those that bought at 60k may still be rewarded in the long run. However, in the long run, we are all dead anyway.
God bless you HUGH!
Thank you and much love brother!!!!!
Fantastic!!!!!!!! Hugh is great and you 2 asked refreshingly brilliant questions that we can hardly get on our American media! Love the subtitles! Nice and big on every word so I missed nothing! Great show! You 3 covered it all! So I subscribed! Now I'm going to watch it again because it was so thorough and on point!!! THANKS!
Chaos has been sparked by the Feds! Due to the collapse of these banks, investors have abandoned their predictions of additional interest rate increases and have dumped bank stocks all across the world. What's the greatest approach to profit from this bear market now that my portfolio of 300k stocks is in danger of going down?
In my opinion, some of these banks were attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.
Despite the economy's resilience thus far, the banks scenario cautions that the effects of Federal Reserve rate hikes persist. During such periods, investors must remain alert to anticipate what comes next. It is not necessary to act on every prediction, I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@smithmurphy Would you mind telling me how to contact this specific coach using their service? Unlike the rest of us, it appears you have figured everything out.
My Financial adviser is ‘’JILL MARIE CARROLL’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@smithmurphy Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
"The Truth is the Price." Hugh you're a market zen master. I love that you come in looking like a skater and speak like a market wizard to these bloomberg journalists. Always entertaining.
Yeah it's so funny that we hear nothing about banning upside euphoric nonsense but the minute that short sellers start to fairly value a stock then we're talking about banning them! Lunacy.
@@Josh-Jones human nature
The day this was uploaded was the low for KRE. The truth still the price?
@@ayejaye that low means very little, chart is still extremely bearish
I feel your frustration in this interview, Hugh. The mass downloaded zombie “everything’s fine” epidemic is really unnerving
Its what keeps everything together, so it’s obviously going to be used.
Fun fact: in the USA, for roughly 3 years after 2008 (if memory serves), banks collectively were technically insolvent, if you marked their assets to market.
Another fun fact china brought a lot of gold from USA but at this moment it can’t actually deliver the asset and has to be held in a vault in usa for the time being?
Or has it been used and not replaced yet?
Fun fact : what was inflation in 2008
You could do QE ad infinitum cause inflation wasnt problem. Not 2.5X target like it is now
@@sko1beer fun fact banksters run the world and as well jpmorgan.
@@AmitKumar-tg7of both parties are the same people.
😊
My first time to see this guy. Wayne’s world meets hedge fund manager. Absolutely love him!
2:40 “don’t we just solve this problem by cutting rates?”… and let inflation run rampant…
Fantastic ❤‼️. Thank you.
The TRUTH is so refreshing!
I am so glad that I encountered your worldview analysis.
So many people on here timidly tip-toe around saying the Quiet part OUT LOUD!:
➡️ 🗣END THE FEDERAL RESERVE PRIVATE BANK! ‼️
The man is a legend.
The man, the myth, the legend.
I use to think that but he literally says the same thing in ever interview
@@sko1beer But remember, if a broken clock is right twice a day, then it's right as rain twice a day. Is he due to be right?
@@raylopez99 😂🤞
👍👍
One of the best interviews i have seen , great job Hugh you nailed it .
#Gold #Silver physical in your possession because if you don't hold it you don't own it.
I do visualize so much better, when Hugh explains it.
It's mind expanding man!
Acid capitalist
you know it's serious when they say...it's the short sellers that are the problem...
Get your popcorn folks. Excellent logic Hugh.
Go Hugh and tel them the truth! Although "The truth? You can't handle the truth!!!". I think that is the state of mind of the US politicians.
Holy crap, one of your best, Hugh. "The truth is the price" 🤯 Well done. So much respect for this man.
What entertainment HH! Can't believe you uttered the $B word following the $E word in previous months. Welcome on board!
I love that you posted the full interview ❤
More pure gold from Hugh! Keep it coming!
Pure Treasuries !
It's not the rates rises. It's the zero percent rates we experienced before. It's the money printing that we've experienced through the years before. Mix that up with a pandemic and you get what is coming just around the corner.
@@andred3299 we've been living in a lie since the since the start of the fed. The biggest ponzi in human history. Let's hope people come together now and rally against cbdc
... great observations Hugh - awesome as usual ...
Hugh "no BS" Hendry. I followed since you told our (danish) prime minister Poul Nyrup Rasmussen, a few truths on TV, a couple of decades ago. Thank you for that:)
THE MAN TELLS THE TRUTH ! love Hugh Henry for telling the truth and not sugar coating anything! dude cuts through the noise
Great discussion HH.
The only bad thing about this interview is that it isn't 2 hours. I can listen to this all day.
Wholeness my Cosmic Soul Brother took me awhile to look for your channel and not having to wait to you appear on Stransberry lol I just entered this space in 2018 and loving it and I appreciate your sincerity innerstanding the history does not dam sure rhymes 😂I am now reconnected with WBV
At last Mr Henry see's bitcoin as a punt good on you Hugh
Keep up the great work! 🎉🎉🎉🎉🎉
Hugh is the best of all , have him every week please.
This is his channel so……
Good chance that may happen - JFC
Superb interview Hugh....the nitty gritty truth.
I think I just found my new favorite economic advisor.
He is absolutely not an economic advisor
Keep up the good work Hugh
This was exquisite. thank you.
Bankers are consolidating regional bank assets to ensure when they rollout programable Fedcoin these no competition capital can flee too.
Yeah, thats what it looks like - controlled demolition to roll out the already tried, tested & desired, Chinese financial system - CBDC & social credit allocations. "You vill own nutzing, and be happy." Son of a Nazi, Klaus Scwab. Along with crowning a new world order King - Chuckie - & his WEF - and the simultaneous coronation of the one world currency. If we thought 2020 was bad, wait until 2030.
If interest rates go to zero, like Hugh suggested, money will flee the banks at higher rates. It will trigger higher inflation and force savers to buy anything before the currency collapses.
Looking forward to your conversation on Hedgeye
Hey, Hugh... Bono called. He wants his glasses back. Great interview as always. Thanks for sharing!
'sometimes I recommend that you panic'... Pure genius.. 😁
Sexual chemistry, novel takes and lols flowing, love your work as per usual Hugh!
One thing you got to love about Huge, he’s not afraid to go all in on his thesis and share with you the actionable idea. Plus he has a great hat.
awesome interview! thanks for bringing some humor to the current catastrophe lol!
Absolutely love it
Rates at zero set this disaster up. Rates back to zero is not the answer.
I LOVE This Guy !! Hugh. You could NEVER be a Politician. You Always say what is on your mind. Love a Straight Shooter
I need this explained to me like I am 8 years young
Great explanation of whats truly going on.
keep on popping them tabs bro. love ya❤
What Hugh Hendry said is absolutely correct the situation is can be solved by lowering rates. But they cant due to inflation threats. The longer the Fed holds rates high the weaker the economy so ZIRP is the future!
“You’re not left with much…”
Rock on Hugh..!
best interview of year 2023. someone finally speaking with the acid quality needed to reveal the truth. and they got actress Jodie Foster dressed as a USA president in a movie. Epic!
Excellent !!!!!!!!!
Yepp - the bigger problem is that the banking system isn't competitive when compared to Money Market funds (using reverse repo facility). They're done. Fed needs to reduce the Interest on Excess Reserves and push money off their balance sheet before this is resolved.
Always love the entertainment but more important the clarity
Outstanding
I love this, Hugh you just said it as it is. Brilliant, although I don’t think the presenters enjoyed your honesty.
HH simple truth to Bloomberg. Raise ^fedrate^ = capital flight>>>>
Keep rockin it Hugh!
Love this. You killed it bro. 🔥
Too cool for school Hugh.
what fkn legend , go Hugh!! !
I love HH its like having the best of both worlds its a keen trading mind mixed with the spontaneity of Spicolli from fast times at ridgmont high!
They can take my gold but they’ll have to disarm me first.
Well done mate.... tell it how it is
Hugh going "shhh shhhh" is the best thing that I saw this week
The Ending was the BEST
Sorry Hugh....we DO have an inflation problem due to money printing that cannot be blamed simply on a supply shock. Buy Gold and Silver to preserve wealth. END THE FED. Gold is money.
Txtme✓
Always worth it to try and pick up the trail of whatever Hugh is saying before someone breaks in and cuts him off…
Brilliant. Period.
Hugh is the best!!!
We tried banning Shorty during the Great Recession. Made things worse.
This is a banking crisis and issue can be solved by buying the assets these banks own by swapping with treasury and fed buying the treasuries (QE). In extreme case, fed can directly buy the assets of these regional banks on behalf of govt. these banks account for less than 5% of the system.
That can't happen. That shouldn't happen. That's what the banks and their hedge fund customers want to happen. There's a problem. Protecting the asset values of hedge funds is impoverishing the present and future economy by making taxpayers debtors. Debtors whose real incomes are declining year on year, and have been doing so for decades. That is Socialism for the asset-rich, and hard capitalism for anyone else.
And if you want to politically and economically destabilise your country force the Fed to go ahead and bail out these zombie banks. Either financial capitalism accepts the destruction inherent in doing stupid things, or you enslave taxpayers. It's time to stop pretending that hedge funds are part of the productive economy. They're not. They are vast, carnivorous, wealth-extracting parasites on the productive economy. They want the benefits, but none of the risks of really investing in the productive economy. They just want cash flows. And the easiest way to do that is to make others the debtors, and themselves the creditors. And that is a cancer on the present and future economy. This is a war about the future path of the economy. If you truly have free market capitalism, you cannot have taxpayers bail out your stupid decisions, by making them hostages to your misfortune. To do so would give the US economy a Darwin Award for being too stupid to live.
It's about setting precedents. And losing 5% of bankers too stupid to hedge, may be a price worth paying. It's time to wean the Banking Sector off the teat. And it's time to get real about the broken global financial system, and the limitations of hedge funds. They are not a panacea. They are non-productive risk takers, and they should be insuring their own risk taking.
Dude your the best!
A genuine truth teller ❤
Hugh is the 🧨…👍👍
Good Interview, Hugh is Right We Need The Truth of Real Unadulterated Market Clearing Pricing! Enough with All The Lies Already.
He's Right Too That The Common Denominator With The Banking Crisis Right Now Is Marking The Price Of Their Underlying Assets, Whether It's The Low Yield Now Low Priced U.S. Debt They Own or The Vacant Commercial Office Real Estate They Own or Worse, Both!
Txtme✓
Hugh! 💛
Brilliant
Just brilliant
wow first time I listen to this guy , got a new sub
That straw sip of water was classic!
Great! But please please please amend the subtitles, cos "Let's do Hugh Hendry Karaoke!" said no-one ever.
Love this guy.
Where have the podcasts gone?
Much easier to roll out CBDC once the industry has consolidated. They are not stupid. Just executing a game plan.
Brilliant!
If fed restrict flow of deposits to treasury , what will happen to demand of bonds and the relationship of yeild and bond prices?
Brilliant.
Inflation is a quantity of money issue, not a supply issue. It is always a local, home-grown phenomenon.
Both
Well said🎉
Well said
I love his voice of reason and the hat
Amazing