If we can understand why some of these banks fell apart, we may be able to better protect ourselves.
Let’s at least try.
I know, I know, some of you hate these.
You think you’re coming to spend 5-10 minutes on a quick blog read, and then I throw hours worth of videos at you.
I get it, and you’re right.
But what I’ve been attempting to do lately is curate some videos and podcast episodes that are able to explain things better and deeper than I can.
When it comes to investing, I’m a generalist at the end of the day, not a specialist. Sometimes you need a specialist.
And when it comes to this banking scare, you’re going to want to understand it better so you can make the proper decisions not only before, but DURING a full-fledged banking crisis.
Knowledge is great power here, because if you didn’t already know, you’re about to soon realize that nobody has any knowledge when it comes to stuff like this.
And it’s going to hurt them. Badly.
You didn’t work your whole adult life for the money you have just to have a bunch of irresponsible people lose it all for you.
That’s the ultimate kick in the balls.
Don’t get kicked in the balls. Listen up….
This Week’s Selection
I wanted to give you both sides of the coin, and a more general v specific video to choose from. I do recommend all three, but if you’re pressed for time….
I pretty much start my day with these guys, and I have mentioned them before. Not available on YouTube. I catch it on Google Podcasts.
Markets Daily from Coindesk is a hidden gem. Adam B Levine and Adrian Blust knock it out of the park. This episode, they deviate from their normal show structure after awhile and break down what happened to SVB and others.
If you want a more illustrated and specific version, here’s a video from a channel that constantly puts out great explainer videos.
And here is Peter Zeihan again, who wants to let us know that this may not be a big deal after all.
Peter got a lot of blowback for this one, just check the comments.
But if you’re wondering why I reference him so much, is because he is a necessary stop-off for information outside of my usual echo chamber, and that’s really important.
If I can find somebody like that who comes from a place of intelligence (as opposed to the opposite — emotion), and brings the facts the way he does, I’m grateful for this.
Geopolitical experts are often great sources for this level of info, and that’s why I have a steady rotation of geos that I follow.
The people who hate Peter have gotten emotionally triggered over something he said (environment, Bitcoin, Ukraine, China, take your pick), and now go after him with reckless abandonment. These are weak individuals.
This is similar to my Peter Schiff rant. If you simply dismiss him for his BTC stance, you’ll miss out on a lot of predictions that hit the target far more often than they don’t.
Tribalism is not only bad, it’s harmful. Especially to your bottom line.
Personally, I would still say this crisis is not over. At all. But I can at least say I’ve entertained both sides of the matter before coming to that conclusion.
Make sure you always do the same.