When People WANT OUT Of The Banking System | Andy Schectman

Wealth confiscation is happening right now through inflation. Countries around the world are moving away from the U.S. dollar at an accelerating pace. People are increasingly concerned also about the safety of their money in the bank. "The banks are undercapitalized, and they're over leveraged," says Andy Schectman, CEO & president of Miles Franklin Precious Metal Investments. It wouldn't take too many people pulling their currency out to cause serious problems to the banking industry, he says.

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Article mentioned:
https://www.bloomberg.com/news/articles/2022-09-06/gazprom-to-shift-gas-sales-to-china-to-rubles-yuan-from-euro

0:00 Intro
2:15 Dedollarization accelerating
15:54 Are banks safe?
20:25 Weekly special
27:41 Miles Franklin
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