[2023-03-18] Is the bank system sound? - SPECIAL EPISODE - Robert Kiyosaki, Andy Schectman
Is the bank system sound? - SPECIAL EPISODE - Robert Kiyosaki, Andy Schectman
The Rich Dad Channel
Saturday, March 18, 2023
The institutions that are deemed “too big to fail” will always be bailed out. In his book, “Conspiracy of the Rich: The 8 New Rules of Money,” Robert Kiyosaki wrote that “bailouts are the name of the game.”
This week, the Fed bailed out two regional banks that collapsed. As depositors of those banks feared money in their accounts was gone, the Fed stepped in to replenish any of the money depositors would have lost - including accounts holding over $250,000.
Janet Yellen, Treasury Secretary, told senators that this guarantee will not be extended to smaller regional banks in the future. Lawmakers are concerned these backstops could become a new norm for big banks, giving “too big to fail” banks an unfair advantage over community lenders.
Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/
Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki
Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyosaki
Explore the podcast
--------------------------------------------------------------------------------------
My Affiliate pages and products:
https://www.pinterest.com/ninjaman1994/
https://twitter.com/ninjaman1994
https://rumble.com/register/ninjaman1994/
https://www.youtube.com/@iem2011ee616
https://amzn.to/3I7zpOb
https://amzn.to/3hPsjDs
https://amzn.to/3WsmEC9
-
15:24
TENET Media
15 hours agoMorals Vs Principles | Tim Pool
11.7K33 -
12:56
Melonie Mac
12 hours agoA New Low for Star Wars the Acolyte
6.99K24 -
17:25
Degenerate Jay
10 hours agoGreen Lantern Deserves Better
13.9K2 -
3:48:44
Badlands Media
21 hours agoEye of the Storm Ep. 134 - 10:30 PM ET -
64.8K58 -
3:42:24
SNEAKO
6 hours agoSECRET STREAM SECRET SURPRISE
64.7K19 -
2:31:41
GruntStyleGaming
7 hours agoEnlisted: Featuring LumpyPotatoX2 - #GSPatrioticSummer
29.1K4 -
7:59:24
FusedAegisTV
13 hours agoXIV TUESDAYS! I AM THE RUMBLE MASTER OF THE RUMBLE WARRIORS | Makin' Moves (6.3)
40.4K4 -
44:33
The Anthony Rogers Show
17 hours agoEpisode 321 - Mickey Avalon
29.6K2 -
1:32:11
Glenn Greenwald
11 hours agoMedia Converts Taboos About Ukraine Into Acknowledged Truths; Orthodox Rabbis on Condemning Israeli War; PLUS: Media Denies Biden’s Decline | SYSTEM UPDATE #284
74.6K212 -
37:44
Candace Owens
8 hours agoEverything We Learned About World War 2 Is A Lie | Candace Ep 7
69.1K284