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The 2023 Financial Crisis Just Went Global - Ep 879

The Peter Schiff Show Podcast

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The Government Is the Least Competent of Anyone to Run a Bank

The government is probably the least competent of anybody to run a bank but now because nobody can lose money in this bank no matter how stupid they are. The only place now where capitalism supposedly exists is if you buy stock in a bank and the bank goes out of business well then you lose right so at least we got that little bit of capitalism left. Jim Kramer on CNBC earlier in the year was recommending that people invest by stock in signature bank and Silicon Valley bank what are the odds of that two of the first banks to fail were on top of his recommended list? He lost 100%.

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