Powell Admits More Small Banks Will Close | Lobo Tiggre

The powers that be know that there is more trouble lurking in the banking system, says the Independent Speculator Lobo Tiggre. Fed chairman Powell has stated on a recent 60 minutes interview that "certainly" there will be merging and closing of some small banks, but the situation for larger banks is "manageable." While it may not be a repeat of 2008, Tiggre believes the situation is significant and is likely to push gold prices higher.

Powell's interview on banking system: https://youtu.be/uNEoTlDJGxk

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INTERVIEW TIMELINE:
0:00 Intro
1:36 Powell & Yellen speak
4:38 Economic data
9:03 Bank Term Funding Program
13:00 Gold & Uranium
23:37 Gold's mainstream attention
30:10 Independent Speculator
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