How Safe is Your Bank?

We have seen bank branches close down all over America in 2023: people have been shut out of their accounts, clients have been missing money and depositors are losing confidence in the system. The Federal Reserve continues to tell us the banking industry is stable, but cracks have been found both in the past - leading up to the 2008 credit crunch - and today. Also, if U.S. banks are as solid as the financial overseers claims, then why is there a need for a Half-Trillion dollar bailout fund within the New York Fed? Thus the question: How safe is your bank?

Swiss America CEO Dean Heskin and Chris Agelestos break down what's happening, how fragile or strong the system really is and why the "need" for the big money reserve on The Secret War on Cash.

Thank you for listening.

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Articles referred to in this podcast:
If Wall Street’s Mega Banks Are Safe and Sound as the Fed Says, Why Do They Need a Half Trillion Dollar Bailout Facility at the New York Fed? (wallstreetonparade.com)