4min snip

Peter St Onge Podcast cover image

Episode 13: Weekly Update 07.17.2023

Peter St Onge Podcast

NOTE

The Disconnect Between Economy and Markets: Investing as a Casino

Energy and commodities fall during recessions, while CPI remains stagnant. Central banks are worried about the stagnant CPI and are planning to take action to crush the economy and control inflation. The FDIC reports that America's largest banks have significant unrealized losses, with Bank of America being the worst affected. Banks have the privilege of valuing their assets at imaginary prices, which conceals their insolvency. The recent bank crisis and Silicon Valley Bank's downfall exposed the truth about the banks' insolvency. Yellen, Biden, and Powell try to reassure Americans about the safety of banks, despite the hidden losses. The banking system in the US is estimated to be close to insolvency. The future remains uncertain as banks only disclose their books every quarter.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode