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
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner