Sign Delaware Banking Permission Slip Safe

Industry sign banking delaware permission slip safe

this is anthony anderson senior partner with gsi exchange here to discuss what's happening with inside of the banking system last year when we published our bank failure survival guide that information we wrote in june of 2019 and this was during a time when jp morgan chase they failed a federal stress test capital one they also failed at the same time they were allowed to retake it so the federal reserve fixed the numbers allowed them to pass the stress test and we knew then there was a problem so we wrote about it what we didn't expect to happen is in august of 2019 for blackrock which is a major hedge fund to come out with a paper that talked about how the government could issue out trillions of dollars to the american people and how they could encourage people to spend that money through monthly taxation it seemed like a very radical paper to write august of 2019 and we really didn't understand why it was being written up until the point that we saw in september 11 2019 there was what's called a repo crisis now repo simply means that it's not a repo like your car getting taken away it's a repurchasing so banks often because they're off by a few million dollars per evening they will exchange with other banks like baseball cards aaa rated instruments like mortgages securities bonds things like this and they'll get the money overnight and they'll replace it in the morning so they'll swap assets and it's a repurchase agreement and that's where they get the term repo market well the banks didn't trust each other enough to continue lending in the repo window so that's when the federal reserve had to step in with 70 billion dollars per night now it didn't stop there because they continued to increase that amount that the federal reserve bank of new york was giving the banking system and the crisis was spinning out of control but again nobody was talking about it everything was mute and when the first death from coronavirus in the united states was announced in february by then the federal bank of new york had already given our banking system 6.6 trillion dollars in cheap money through the federal repo window okay there was a liquidity crisis then and there's a major liquidity crisis now um at this point in time right now as of close of business july 1st 2020 the banks needed 5.2 trillion dollars just to stay afloat one more night and just to let you know how crazy it's gotten out of control wells fargo bank and chase bank are no longer doing home equity lines of credit so imagine a person pays off their home they get their house they're free and clear they have a million dollar property and now they can't even pull one penny out of it because there's no more home equity line of credit what world are we in where you can't have a equity loan a collateralized loan is not given and then top it off wells fargo announced last month that they're no longer doing auto loans so they feel that you know because of the current crisis that they do not want to take auto loans on and it's probably because they fear a wave of defaults coming from the auto industry and the prices are going to have to sink they're going to have to tank and they want nothing to do with that they're not doing any loans over at chase unless they're backed by the government so it has to be a ppp loan in order to get any action whatsoever and then i just heard yesterday that wells fargo is cutting its dividends to zero so they're not paying any of their investors anything for the third quarter now why this is important is because the federal reserve had allowed the banks in march of 2020 right in the midst of the crisis the federal reserve normally makes sure that the banks keep at least 10 percent in their reserve tank at all times a measly ten percent so if you give the bank a dollar they can loan out ten dollars because you gave them a dollar the federal reserve made sure that they had at least one dollar in their account to back up the money that you gave them but guess what now they don't have to keep anything in the bank account and that happened on september 26 2020 so they've run the account down to zero at the same time they've also suspended dividends for q3 and at the same time they need four and a half trillion dollars every night in the repo window just to survive and then on september 30th looking forward the fdic has a bomb that was dropped through the dodd-frank act that says that they need to increase their reserve requirements at the banking level by september 30th or else there's going to be some issues it's written into the dodd-frank act and then on october 12th through 18th they have another meeting at the imf that's going to discuss getting the dollar out of its position as world reserve currency so knowing all of this is coming having a gold-backed dollar that's not attached to the federal reserve is actually a really good thing and if you watch this video and president trump it's an amazing thing for you to watch you'll get to understand this a little better psalm 105 says he brought them out without with gold silver and gold and there was none feeble among his tribes lord let us come out with a thriving economy that silver and gold spoken of in that passage let it be our portion our company we have over 75 years of market experience and that's trading gold and foreign exchange around the united states and around the globe so we exchange euros for u.s dollars british pounds chinese yuan we understand the currency systems very well now the ultimate sideline position is gold and silver because it can't be affected by economies going up and down so while we're seeing currency wars evolve and this is what we're seeing a currency war it's a currency change to either a cryptocurrency based system or to a gold backed system and there's a rush to return to the gold standard make no puns about it so what we do here is we take our experience and i'm a forbes finance council member we are done in bradstreet great credit verified we have triple a rating with the better business bureau and a aaa rating with the business consumer alliance because we do upstanding business at all levels of engagement so we would get your ira transferred to what's known as a gold-backed ira and that goes through our trade partners over at strata trust so once your 100 000 is moved there then we transfer gold into a depository account that's in your name so three men on camera check the gold in they film it they x-ray scan it they thermal scan it and they walk out of the room and an armed guard watches that gold for you now once you once that gold is transferred into your ira account then we simply use the cares act to pull out one hundred thousand dollars worth of gold tax free and penalty free you can have it either sent to your own personal side of the vault at ddse and we'll pay the fee for you or you can have it mailed to your house and that way you take care of it and but if you want to armed guard and full insurance leave it at the delaware depository it's completely safe there now at any point in time if you ever want cash out of that account all you have to do is tell us how much money you want we will then cat tell you how many coins to move to our side of the vault the guy on camera will count those coins move them to our side of the vault and we can transfer five thousand dollars ten thousand twenty thousand to any account of your choosing and it's that simple to put yourself on a gold standard right now you don't have to wait for president trump to make this happen