The Banking Crisis MANIPULATION & Trump's LASH OUT.

well we gotta talk about the banking

crisis again the banking crisis is oh

it's a crisis yesterday we had several

Executives and Republicans and Democrats

freaking out with all their ideas about

how to solve the banking crisis I'm

going to give you a quick Lowdown on

what happened in Congress yesterday

spoiler alert nothing but more

interestingly we're gonna see Donald

Trump lash out about the banking crisis

that's interesting and we're going to

talk about how Deutsche Bank was

potentially manipulated

via the credit default swipe uh credit

default swap skyrocketing that we saw

last week on Friday which led to a lot

of Shivers in the stock market

especially in the banking sector now be

warned if if if if if Donald Trump

upsets you see this little Banner right

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started so first yesterday several

Republicans a uh freaked out over the

fdic's handling of Silicon Valley Bank

in the crisis uh chairman uh Greenberg

asked why did the FDIC reject bidders

that might have taken over the bank

before Regulators were required to you

know basically jump in and the FDIC is

basically like look you know there was

too little time for people to do due

diligence and we have restrictions on

how long it could take for people to go

through this due diligence so we

basically rejected some of the initial

bids keep in mind how the Swiss National

Bank ended up resolving the Takeover of

Credit Suisse they basically told UBS

look

pay this amount agree to take this much

in losses you're buying this Fixer-Upper

we will guarantee the next 15 billion

dollars of losses just don't look too

closely we know it's a toxic Bank just

please say you'll take it over and we

will just give you more and more money

until you say yes

that's how the Swiss pulled it off uh so

but anyway so you're freaking out on

both sides over here Republicans

especially were freaking out in terms of

why the FED didn't actually uh regulate

these Banks earlier uh even though a lot

of problems have been identified at

Silicon Valley Bank it's true it's like

where was the supervising yeah there

were inquiries and there were letters

and there were complaints about Silicon

Valley Bank in the past but nobody

actually dropped the hammer so they're

kind of right about that but then of

course you had uh both the sides split

on whether or not we should have more

regulation you had Elizabeth and I'm

summarizing like a three or four hour

event yesterday okay and we're gonna do

this fast Elizabeth Warren yesterday's

like all right look we need a whole lot

more regulation and then Republicans are

like

but but is that fair to the bank

the barren Reckless and so that kind of

gives you a little bit of an example of

what you could expect to happen over the

next two years in terms of new banking

regulation absolutely nothing thank you

Congress yes of course on one side more

regulation and on the other side

we're just not convinced

uh anyway and then of course there was

talk about the FDIC having to take in

billions of dollars in potential losses

ultimately the FDIC is going to likely

pass that on to all the various

different member banks of the FDIC which

means your banking fees will probably go

up that is called corporate socialism

but it is what the FDIC is designed for

after all so uh it's not a terrible

surprise that's the point it's kind of

like an HOA everybody pays in and then

if something go falls apart or something

gets screwed up well then what happens

well then you end up uh having HOA dues

potentially go up uh because let's say

the pool fell into a sinkhole and now

your HOA dues have to go up because

there's some kind of problem that

happened anyway so that gives you really

a summary of yesterday's banking crisis

discussion it really wasn't worth

watching I hope you didn't watch the

whole thing because what do you think

Congress is going to do nothing instead

let's now listen to Donald Trump though

daddy T let's see what he thinks uh

should happen so here's an interview

with Donnie T and uh let's take a

listening over to this and I can't even

say strongly enough is incomplete

channels we have 60 percent of our

country now living paycheck to paycheck

CBS News now says 25 of people in our

great country are what they call Food

insecure food they can't get Bare

Necessities recession record inflation

record our debt our deficits you know

why is this happen how would you fix it

and would you have supported the bailout

of Silicon Valley Bank okay ready yeah a

lot of questions you're asking me I am I

wouldn't have supported the bailout the

bank would have to get along by itself

and maybe they could have what happened

with the bank's interest rates went too

high and you know I had my own situation

with Powell and I beat the hell out of

him I was not a big fan of Powell I was

he was recommended by some people I I

didn't like them he's too interest rate

happy the argument about reducing all

interest rates we could actually if we

had more supply of fossil fuels yes

those are not the most green right now

but we need fossil fuels to get to a

green transition if we had a greater

Supply and more energy Independence we

didn't reply rely on OPEC or OPEC Plus

or in the past Russia we had our own

sufficient natural gas and oil Reserve

store we could then help out Europe

maybe we could actually help reduce

inflation because remember even though

we measure inflation in two ways

headline which includes oil and energy

and food prices and core which strips

out oil food and other energy you still

have oil and energy as components of

other items within core whether those

are services like Uber drivers who have

to charge us more because the cost of

gas is higher or less people are driving

Ubers because the cost of gas is so high

therefore you have less supply of

drivers and therefore you have higher uh

pricing because that's how the Algos

work on Uber less supply of drivers

price goes up right it's very simple so

oil prices do have absolutely trickle

through the economy and I think Donald

Trump raises a good argument that maybe

we would have had less inflation had we

had more energy Independence going into

this crisis it is a fair point those

treasuries got crushed because Powell

keeps raising interest rates but that's

up to Biden he's going to have to worry

about that himself you know in theory

how would you fix it uh well I would

have done a big number on pal like it

did I did I did a very big number in

fact he wasn't budget he wouldn't have

given up eventually he eventually cut

him so much that it almost goes to

problem people said how come he's cut

him he helped cut him almost a point

immediately because he thought I was

going to fire him okay which some people

said I had the right to do other people

said you know you know when you put them

there rightfully they have to have some

protection etc etc from a president but

how much of this but I thought he was

hurting the economy you left this

country for the first time in 75 years

we were energy independent right a net

exporter of energy okay we're going to

be dominant okay okay and Europe right

now could have used American energy they

could this winter they could have used

it so but now Joe has cut back

dramatically on domestic production of

energy now we're important believable

we're importing from Venezuela Saudi

Arabia last year their their big oil

company made the most money they've ever

made in history over I think it was over

167 billion dollars how much of that

because doesn't energy impact uh

Trucking it impacts the price of goods

and every store that we go to so when

Biden came in the first thing he did was

end the Keystone Pipeline that I got

approved okay it was all approved it

also gave Putin a waiver on the

Nordstrom too okay so Putin said because

everyone said oh I'm so nice to Putin

Putin said if you're my friend I'd hate

to see you as an enemy he told me that I

got along very well with Putin by the

way I'd be able to work that out it

would have never happened in a million

years and even the Democrats admit that

but if this thing isn't solved by the

time we have the election which is

possible it won't be and is also

possible we'll be in World War III with

these idiots that are doing what they're

doing you could end up in a nuclear

World War which will make World War one

and World War II look like Patty Cakes

okay uh this unbelievable because we

have people that don't know what they're

doing but if it's not solved I will have

it solved in 24 hours with zelinski and

with Putin and there's a very easy

negotiation to take place but I don't

want to tell you what it is because then

I can't use that negotiation it'll never

work but there's a very easy negotiation

to take place I will have it solved

within one day

a peace between them now that's a year

and a half that's a long time I can't

imagine something not happening the

chairman the key with that is the war

has to stop now because Ukraine is being

obliterated you know whether it'll be

nothing else well I looked at pictures

of cities that are literally like it's

like complete that demolition I was in

the construction business you would

demolish a building and you'd it looked

like hundreds of these demolition sites

the bill there wasn't a building

standing and these are cities for

Ukraine they were big cities very big

cities now he hasn't really in Kiev he

hasn't really set the missiles in but at

some point he'll do that one too

there's nothing standing the other thing

is many more people are dead

and horribly injured then they're

reporting you know when you see missiles

hitting 15 buildings at 15 buildings

falling to the ground and they're big

buildings there are a lot of people in

those buildings and then they say one

person was injured these are phony

reports many many people are being

killed that you don't know but you'll

see that later on so you'd prefer if you

were president you'd think you could you

would have a negotiated settlement and

within 24 hours and we wouldn't no

longer be poning up all the money that

by the way western western Europe is not

doing their fair share what's unfair you

and I have had this conversation is that

we are spending we're up to almost 150

billion dollars and Europe's at 24

billion dollars now it's the same thing

with NATO don't forget I got them to put

up hundreds of billions of dollars my

first meeting at NATO you know I was

just there never did this before I'm

sitting with all these presidents and

prime ministers nice guys 28 countries

and I'm looking at the charts I said

could I see who's delinquent because

they're supposed to pay and they say

what do you mean by delinquent they said

that's a real estate term when you don't

pay your rent you're delinquent could I

please see uh who has not paid and of

the 28 countries 20 were not paid they

weren't paying and I said you have to

pay and if you don't pay I'm not going

to protect you

and ahead of a very important country

stood up and said who is delinquent said

could I ask you if we don't what you're

saying if Russia attacks us

and we aren't paid up you're not going

to protect us I said that's exactly what

I mean

all right

so that gives you a little bit on Donnie

T here now I want to give you some

reactions to this because first of all I

have to say there's something that

Donald Trump does whether you like him

or not that as Ben Mulla said in my

interview with him just a few weeks ago

Donald Trump has a way of inspiring hope

in people that somebody like

unfortunately in the opinion of Ben Mala

Ron DeSantis may not now here's the way

you have to look at what just happened

here is it realistic that Donald Trump

could negotiate peace between Russia and

zielinski within 24 hours

unlikely but did it Inspire hope well if

you hate Donald Trump it probably

inspired you vomiting but that's okay

you could get life insurance in as

little as five minutes and help solve

that problem

but if uh if if you don't hate him and

at least you're somewhat neutral

relatively maybe somewhat still a little

at least there's this like huh it kind

of makes you think like is would is it

possible like if if Joe Biden well maybe

not Joe Biden but let's put it this way

if if Obama okay if Obama right now

had a corridor like a hundred percent

safe Corridor where in one room there

was Putin and in the other room there

was zelensky and Obama's like all right

I'm just gonna keep going back and forth

until I got to stop we're gonna solve

this problem all right everyone thank

you bro all right this is bad but anyway

the point is

maybe it would get done now I want to be

very clear here what Donald Trump is

using is hyperbole he is not actually

saying with certainty he could end the

war in Ukraine and Russia in 24 hours

now even though he's saying that he's

not saying it absolutely and he's not

saying it in a way where people should

actually believe it but what it's doing

is it's inspiring the urgency it's

sending the signal that I Donald Trump

will make this a top priority and if I

don't get it done in a day then fine

maybe I'll get it done in two days or a

week but it's certainly not going to be

years that's what he's inspiring and

he's doing that by using hyperbole that

is he's exaggerating I'll get it done in

24 hours and he's highlighting the

difference between him and other

contenders like Ron DeSantis who

initially said this was just sort of a

territorial dispute or Joe Biden who's

kind of quiet on it other than let's

send more money to zanski right which is

becoming somewhat of a politically

divided issue so it's something to pay

attention to this isn't to say that

Donald Trump is the candidate it's not

to say that he could just go on TV and

lie lie lie about how he's going to do

all this stuff and then not do it like

in fairness where's his health care plan

it never happened when he was in office

right Kaylee mcenany famously held up

all these 400 pages that had no

substance there was no health care plan

so you also have to balance this with a

lot of stuff he says he just says to get

elected in fairness but

from a voter's point of view it creates

inspiration it agree aggravates

frustration with the status quo

and it makes people want change so what

Donald Trump does is he actually

inspires that hope he instills hope that

well maybe there there would be a way to

save people's lives and the cities and

the buildings that are destroyed maybe

maybe there is a way to avoid World War

III because nobody wants that we don't

want you know World War one and two to

look like Patty Cakes that sounds

terrible you you get introduced to hope

that you didn't even realize could exist

and that motivates people to vote for

Donald Trump

think about this he says quote I would

have done a big number on Powell I've

done it before I had him under the

threat of firing him he was so scared he

ended up cutting rates

now what's interesting is we don't know

if Powell ended up cutting rates in 2018

because the market and bond market were

freaking out

or because of Donald Trump's threats but

Donald Trump was threatening to fire him

in the second half of 2018. I remember

covering it here on YouTube I remember

it very clearly and everybody's like you

can't fire him he's like I'm a firearm

technically there's supposed to be a

division between uh the Federal Reserve

and politics technically the Federal

Reserve is supposed to be apolitical it

gets appointed and authorized to do its

job by Congress but it's technically not

a part of the government it's supposed

to be independent this is despite the

fact that the financial times just

yesterday was reporting that Jerome

Powell and Janet Yellen are basically

trying to align their messaging on banks

which is a problem because Janet Yellen

is basically a puppet of the Biden

Administration which is a political

office and if Jerome Powell is trying to

align with Yellen then you have

political alignment so it's it's a very

very blurry line but the what else did

Donald Trump say well he said

we shouldn't focus on rates we should

just focus on lowering the cost of oil

how about we drill more how about

instead of banning the Keystone Pipeline

we just have more energy Independence

so we make some really good points and I

hate to say it but if you took Donald

Trump right here out of context and you

ignored all of the past all his faux pas

Jan six all the investigations the

stormy dance if you just ignored all of

the past and you took that clip and put

it next to a clip from Biden and a clip

from DeSantis right now

Donald Trump would win

that it was very inspiring so you know

I'm not a trump apologist okay by any

means like I I do my best to be very in

the middle but I actually think the way

he he presents this information he

brings up ideas that really we're not

talking about as much as we should you

know the idea of more energy

Independence the idea of how maybe more

energy Independence can help us reduce

inflation it's logical but it's not one

that gets talked about a lot the idea of

why don't we have a world leader

actually trying to negotiate peace in

the United States is in the best place

to do it whereas we're not even remotely

trying to negotiate with him are we

handcuffed to the military industrial

complex which is telling us no no no no

don't negotiate peace we like the orders

I don't know it's it's very interesting

it's it's very very interesting so uh I

think uh I think that that's a good

little analysis there on the Trump part

now I quickly want to talk about what

happened with those credit default swaps

regarding uh the banking crisis I do

think Trump by the way saying that

Silicon Valley Bank should just fail

I don't think it would have been as bad

as people think because basically the

bank would have gotten bought out at a

discount it would have gotten liquidated

and then depositors would have taken

like a 10 to 20 haircut it might have

created more fear and contagion and

that's just the unknown but it's like

not like people over the FDIC limit

would have lost all their money it would

have been a percentage you know 10 20

maybe as much as 30 but not more

we'll never know anyway uh on Friday we

did see credit default swaps for Charles

Schwab Skyrocket however it's uh worth

noting that fewer than 20 percent of

Charles Schwab's depositors actually

exceed the 250k FDIC limit ninety

percent of depositors at Silicon Valley

Bank exceeded the 250k limit that's why

there was so much like political drama

about protecting depositors here uh

Charles Schwab has 34 million accounts 7

trillion assets it's literally huge yeah

they've got 29 billion dollars in

unrealized losses but with bonds

rallying that actually has been falling

uh they suggest they have enough

liquidity to cover deposits right now of

course they're considering also other

assets that they would have to liquidate

you don't have enough cash to cover

deposits ever at a bank uh but uh Schwab

seems pretty strong uh that's Charles

Schwab uh we're supposed to talk about

Deutsche Bank but let me get this out of

the way some people have been asking me

about it uh 51 of their income comes

from net interest Revenue their sweep

account and pays just point four five

percent uh but uh the bank seems pretty

strong right now so people bringing up

questions about Schwab probably uh

unnecessary to worry about Schwab at

this point TBD though we can keep an eye

on it regarding Deutsche Bank same story

their revenue is increasing their

profits are increasing so Schwab is

actually doing fantastic uh or sorry

Deutsche bank's actually doing pretty

dang well over the last few years if you

look at their financials a Deutsche Bank

had credit default swaps Skyrocket on

Friday apparently the reason for that

was a single trade one Trader we don't

know who it is but one person put on a

five million dollar bet and because

these are so illiquid they LED credit

default swaps to Skyrocket on Friday

sending a signal to markets that was

actually inappropriate one Trader made a

bet

freaked out the market that Deutsche

Bank credit default swaps were

skyrocketing which is an insurance

against failure and all of a sudden the

entire Market gets you know it's panties

in a knot thinking oh my God the banking

crisis is worsening collect me it was

one freaking Trader so it's kind of

interesting to look at that so long and

short of all of this

Trump uh we talked about long and short

of the banking crisis so far does it

really seem to be widespread systemic

risk outside of the risky banks no is

this issue potentially going to fade

away yes could there be other issues yes

do we see those red flags now no so when

it comes to the banking Crisis get life

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banking crisis and Donald Trump lash out

section

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thank you

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