Meet” Yotta,” also known as the” YouTube” Bank. I’ll explain why in only a moment. What makes Yotta relevant to me? It’s a bit complicated, allow me to explain. First of all, Yotta is a” Savings App,” not actually a” Bank,” as it is technically known. Buy why is it called the” YouTube Bank”? Since a few years ago, some YouTubers have all made a well-known Yotta commercial, with Graham Stephan most likely to be one of them. And let me just say I like Graham and his videos and I do n’t think he did anything wrong here, but he was very prominent in promoting Yotta, even making a video titled” I Bought a Bank”. Although the video is then deleted, I can recall watching it when he posted it. Ok, so what happened? Or, to put it more simply, what is going on? Let me just give you the headline first and then we’ll break it all down: Savings app CEO says 85, 000 accounts locked in fintech meltdown: ‘ We always imagined a scenario like this’That’s from CNBC. Users are able to withdraw any of their money because not only are the accounts locked, but also. A complete nightmare scenario. The business claims that there is a problem between two “middlemen providers,” but it’s extremely concerning whenever you ca n’t get your money out of a bank or” savings app.” And I am definitely not claiming they are bankrupt or going under — in fact, they claim they are not — but I will say this….. Just before the crypto brokerage Celsius went bust, I witnessed the same thing. I was basically live- tweeting and covering the story as it happened. They made a “glitch” with withdrawals, and I promptly urged everyone to move their funds off the platform. The company claimed all was safe and all was great, and then only hours later they had collapsed. Is the situation the same as it is around? I do n’t know. I’m hoping no. According to Yotta, no funds are lost or at risk, it’s only a tech glitch. In order to help Americans with the ups and downs of life, Adam Moelis co-founded a fintech startup called Yotta in 2019. Instead, his company has inadvertently been a source of profound pain for thousands of customers who relied on Yotta accounts to receive paychecks, pay bills and save for emergencies. The lockup of accounts at Yotta and at least two dozen additional startups started on May 11 when a dispute between two of Yotta’s banking partners, fintech middleman Synapse and Tennessee-based Evolve Bank &, Trust, resulted in the lockup of accounts between the two companies. Synapse declared bankruptcy earlier this year after many key clients abandoned the firm amid disagreements over the tracking of customer funds. 85, 000 Yotta customers with a total of$ 112 million in savings have been locked out of their accounts for the past three weeks, according to Moelis, according to CNBC. The disruption had upended lives, forced users to borrow money for food and thrown forthcoming events like surgeries or weddings into doubt, he said. The stories are heartbreaking, according to Moelis. ” We never imagined something like this could happen. We collaborated with banks that are FDIC members. We never imagined a scenario like this could play out and that no regulator would step in and help “.Boom &, bustThe continued mess has exposed the risks in a corner of fintech that grew in prominence during a boom in venture investment — and it will probably reverberate for years as regulators increase scrutiny of the space. Consumer fintech companies were able to launch savings accounts and debit services quickly thanks to the “banking as a service” model, with Synapse acting as a bridge between the startups and the FDIC-backed banks that finally held deposits. The heart of the dispute between Synapse and Evolve Bank involves a basic function of finance: keeping correct ledgers of transactions and balances. Synapse and Evolve disagree on how much of Yotta’s funds are held at Evolve and how much is held at various banks Synapse collaborated with. Synapse has n’t responded to requests for comment, and Evolve has blamed Synapse for the breakdown. Prior to the bankruptcy of Synapse, smaller consumer fintech companies, particularly after Mercury and Dave, were largely ensnared by the larger consumer fintech players.
fled the Synapse platform in the previous year. One of the largest companies affected by Yotta, which encouraged users to save money with free biweekly lottery sweepstakes, has since become one of the ones. Accounts at crypto firm Juno and at Copper, which offered savings accounts for families and teens, likewise have been frozen. Non-systemic meltdownMoelis, who has spoken with different financial executives affected by the Synapse failure, believes that at least 200, 000 customer accounts with balances are locked. While Synapse has said in court filings it has 10 million end users, it’s possible that active accounts are much smaller, Moelis said. Yotta Savings co-founder Adam Moelis.
Adam Moelis, Co- Founder at Yotta Savings.
Yotta, courtesy
The fintech co- founder said he believes the somewhat confined scope of the issue, and the fact that most of those affected are n’t rich, has given regulators clearance to let the situation play out. Regulators quickly intervened in the local banking crisis last year that affected uninsured deposits of startups and wealthy families, he noted. ” To me, if this was happening at a larger scale, I think regulators would have done something by today”, he said. The Federal Reserve and the Federal Deposit Insurance Corp. have declined to comment on the situation.” We have real, everyday Americans who are n’t necessarily wealthy and do n’t have the ability to lobby those who are impacted.” Representatives of the agencies have pointed to efforts they’ve made to encourage banks to manage the risks of using financial partners. Enter YouTuber” Coffeezilla,” a popular YouTuber for exposing fraud. He merely posted this which is how I first learned of this issue: To be honest, Coffeezilla says in his video he does not know if this is a scam or not, and I believe he also says he does not believe it is a scam. However, whatever it is (scam, bank failure, tech glitch, or something more ), it is NOT fine. And people are absolutely being crushed, with one man reporting he had$ 80, 000 in the bank and it was his nest egg he was using after quitting his job to launch his own business. Another woman claims she is able to pay rent. What would you do if your bank account was suddenly simply frozen? It does n’t matter how much cash you have if you ca n’t use it! Quite terrible. We’re hoping the outcome will be positive and immediately. Whether or not this ends up being a “bank failure” or not, there is a reason why I keep warning you that a big run on the banks is coming. Keep an eye out. And get your money out of the banks if you’re worried about this type of stuff! Billionaire real estate investor Barry Sternlicht Expects One Bank Failure PER WEEK! Billionaire real estate investor Barry Sternlicht Expects One Bank Failure PER WEEK! Six big banks in the United States FAIL next year. Unprecedented at least in my recollection in subsequent years. However, I kept telling you that it was still ongoing. Therefore a few weeks ago this happened: BREAKING NEW BANK FAILURE: Republic First Bank Collapses, Seized By RegulatorsAnd through it all I continue to warn you…. something much bigger and much worse is coming. I’m sure I’m mistaken, but I do n’t think I am. In fact, I continue to see things getting worse at an accelerated pace. But who makes me feel any difference? I’m really a reporter. Your sincere correspondent What you should care about, however, is what Barry Sternlicht thinks. Do you know who that is? Sternlicht is an American billionare and real estate expert: Barry Sternlicht, born on November 27, 1960, in New York City, is a renowned American billionaire and the co- founder ( with Bob Faith ), chairman, and CEO of Starwood Capital Group, a prominent investment fund managing over$ 100 billion in assets. Additionally, he is Starwood Property Trust’s chairman. Sternlicht’s professional journey began in 1991 when he co- founded Starwood Capital Group with Bob Faith, and he eventually founded the W hotel chain and Starwood Property Trust, one of the largest commercial mortgage REITs. He became chairman and CEO of Starwood Hotels and Resorts Worldwide in 1995, continuing his position until 2005. Throughout his career, Barry Sternlicht has been recognized for his major contributions to the hospitality industry, real estate markets, and the international business community. In recognition of his leadership and innovation in the hospitality industry, he was named the 2015 Cornell Icon of the Industry, a prominent award. Moreover, in 2010, Sternlicht was awarded both the” Executive of the Year” and” Investor of the Year” titles by Commercial Property Executive, highlighting his remarkable achievements in real estate investment and management. Prior to joining the Robin Hood Foundation’s board of directors, Silbert is a member of a number of other humanitarian initiatives. His commitment to giving up extends to his alma mater, Brown University, where he has been a trustee. Sternlicht has demonstrated a strong understanding of financial trends and investment opportunities in terms of market predictions and business acumen. He has successfully navigated many economic downturns and has been instrumental in the growth and development of his companies. His capacity to identify and exploit market opportunities has earned him a reputation as a wise investor and authority figure in the hospitality and real estate sectors. And here’s what he’s saying RIGHT NOW: Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week. pic. twitter.com/yVZtsFBCZF— Watcher. May 10, 2024 Watcher Guru ( @WatcherGuru ) More information from my friends at Watcher Guru: Billionaire real estate investor and CEO of Starwood Capital, Barry Sternlicht, has just stated his expectation of one bank failure per week in the United States. In addition, Sternlicht expressed concern for more than 4, 000 US banks as a result of the continued pressure from interest rates and inflation. Sternlicht noted that community and provincial banks could be in for a perilous time amid a host of economic factors. In a recent interview with CNBC, he noted that a local bank could “every week, potentially two a week.” Throughout the year, the United States has been navigating an economy of increased aging. In fact, the Federal Reserve had launched a two-year tightening campaign to lower interest rates in response to higher inflation. Today, the Central Bank has but to cut rates, with some projecting dangers for the economy as a result. One of them is Barry Sternlicht, a billionaire real estate investor, who anticipates one bank failure per week. Speaking to CNBC, the co- founder of the$ 115 billion Starwood Capital Group shared his grim prognosis for the present state of interest rates and their effect on smaller banks. ” I think people are looking for these cracks, and you’re going to see the crack develop then,” Sternlicht said. ” You’re going to see a local bank fail every day, or not—every week, sometimes two a week”, he added. Every week there is at least one, sometimes TWO, bank failures! Hello folks! I’m hoping you’re paying attention and taking action to protect both you and your family. That’s why I publish these articles, to sound the alarm and give you as much superior warning as possible. And it all ties in with what I’ve been telling you about, such as Grant Cardone’s statement,” There Are Gonna Be 100 Bank Failures In This Country.” What can you do about it? Continue reading, and I’ll let you know! Peter Schiff:” Gold is going to be revalued MUCH higher than it is. .”.I’ve been telling you that you might want to get some GOLD for a while now… I’m only your polite reporter, not a financial advisor. But someone who’s much smarter than me and is a professional money manager only said something that you have to see. Peter Schiff is one of those people, and he only stated on MeetKevin’s podcast that Gold is about to be significantly revalued! Oh, and Patrick Bet- David loves gold to! Peter Schiff says,” Gold is going to be revalued Little higher than it is…# GotGold,” and this is an example. @digitalassetbuy @DigPerspectives @realMeetKevin @PeterSchiff READ THIS: https ://t.co/8 SfgaIbPgF pic. If this is simpler for you to see, here is a dedicated video player: Peter Schiff:” Gold is going to be revalued Many higher than it is…# GotGold. @digitalassetbuy @DigPerspectives @realMeetKevin @PeterSchiffREAD THIS: https ://t.co/8 SfgaIbPgF pic. On February 8, 2024, Peter Schiff and Patrick Bet- David, two VERY bright guys, can be found on Twitter.com/vmTuHQcAEY. Here’s more on Schiff if you do n’t know much about him: Peter Schiff is an accomplished American economist, financial broker, author, and stock market commentator with a significant influence in finance and investment circles. Schiff is the CEO and main international strategist of Euro Pacific Capital Inc., a 1996-founded brokerage firm with a focus on global markets and securities. He has effectively expanded the firm’s operations over the years, demonstrating his acumen in identifying growth opportunities and his expertise in worldwide financial markets. One of Schiff’s most notable achievements is his prophetic remark about the economic crisis of 2008. He gained widespread recognition for his predictions of the housing market bubble and the ensuing economic crisis, which were made well before they occurred. His precise prediction of these events earned him a reputation as a knowledgeable investor and keen observer of financial trends. Schiff’s warnings about the dangers of extreme debt and fanciful bubbles have been validated by market events, reinforcing his status as a ahead- thinking economist. Peter Schiff is an done author, having written many books on economics and investing, in addition to his financial career. His works, including” Crash Proof: How to Profit From the Coming Economic Collapse”, have been critically acclaimed for their intelligent analysis and useful advice on safeguarding investments against economic downturns. Because of his ability to simplify difficult economical concepts into understandable language, Schiff’s books are well-known to both novice and seasoned investors. Schiff has been a vocal advocate for sound money and fiscal conservatism, usually appearing on economic news networks to share his views. Some investors have had an impact from his support for gold as a currency devaluation and inflation strategy. Despite his sometimes questionable opinions, Schiff’s expertise and deep understanding of financial principles have earned him respect in the investment community. We initially told you about that three months before when we talked about golden being revalued in the future:” Gold Revaluation” Coming. Price Could Be$ 10, 000- 60, 000 Per Ounce! ” Gold Revaluation” Newcomer? Price Could Be$ 10, 000- 60, 000 Per Ounce! One of the worst things that actually occurred in our nation was the allowing of the Gold Standard by the main bankers… But it was the best thing to happen to the crooked bankers, as they printed money to infinity and got filthy rich! But are they getting willing to rewrite the script for the general public? As the system they have totally destroyed through infinite money printing is set to collapse, I’m seeing reports that they might be ready to go BACK to a Gold Standard. Best, mad right? I have to show you this little 2 minute video from the Black Swan Capitalist who completely nails this. And finally continue reading for a current security solution that you and your family can use! And one way you can do it with NO MONEY OUT OF POCKET! Actually, yes… He says not only is the plan in place, but simulations have been run and if and when that happens it would result in a necessary gold price of anywhere from$ 10, 000 to$ 60, 000 per ounce! For those who are n’t great at math,$ 1, 955 would represent anywhere between a 400 % gain and a 2, 900 % + gain! Wow! However, there was also one line that jumped out at me… He said, quote:” Those who put their money in gold and silver will be just fine and make outstanding gains, however those who trusted the Government and kept their money in US Dollars will be utterly wiped out “.That rung very real to me. When has” trusting the government” actually come to fruition? This is EXACTLY the kind of thing they would do, and revel in it! With that in mind, watch this clip to learn what might be just around the corner. Central #banks have been quietly purchasing #gold in preparation for a new reserve currency. They’ve also partnered with# Ripple to #tokenize those #reve assets on the #blockchain, where #XRP will play a key role in achieving this picture. twitter.com/4k793CNvD0— Black Swan Capitalist ( @VersanAljarrah ) November 7, 2023Backup here if needed: OH MY….
So the question is, how do you create something that allows governments to function but also accepts credit cards? And if we went back to a gold standard, we’d have to do something like up the world’s currencies with gold at a particular ratio that was apparent … pic. How can you get gold without having to pay anything out of pocket? Twitter.com/Dul6Kqr8OG — Daily Noah.com ( @Daily NoahNews ) February 8, 2024Ok Read above… The ONLY Two Gold Companies I’m Glad to Be a Partner With Politics are the sole two topics covered here, but they also affect… YOU and ME! And our pocketbooks. a major league But in the midst of covering politics, we even cover money from time to time… and while I’m not a financial advisor, I share what I’m learning in the hopes that it can help you and keep you and your family safe. And that frequently leads me to discuss Gold and Silver. You know, what they have always called” God’s Money”. He made it, but they are n’t producing any more of it, and it has always been valued highly as money from the beginning of time until now. So I’m a huge fan and I think it has the potential to do great things if, say, the U. S. Dollar were to suddenly collapse. But I bring it up and why I want to make certain everyone stays safe from harm’s way, both myself and your families. But to answer the question of “what can I do”? You need some# Gold or# Silver in your own possession, which is really quite simple. It’s called “physical” gold and silver. Not paper-traded garbage that is n’t supported by anything on the stock exchanges. Do n’t touch that stuff. And because I’m frequently asked how to buy it and where to buy it, I thought I would publish it and only post it there for everyone to see. I have two particular hook- ups for you and these are the ONLY two companies I am delighted to partner up with on Gold and Silver. Both involve PHYSICAL silver and gold. Because if you do NOTHING more, make sure you own “physical” gold and silver, no paper contracts. Because they are not actually supported by the gold and silver they claim to represent, the paper contracts ( like stock tickers SLV and GLD ) could very well go POOF and disappear or go to zero. It’s a massive game of musical chairs out there and when the music stops ( and I think it will stop soon… ) people who only own paper might find themselves owning something not worth the paper it’s literally written on. Let’s Get Actual: Now, where can you get real gold and silver and how can you tell if it’s real and secure? I assure you that you’ll never forget it. And that you’re getting the best price? Oh, and how about specific, one-on-one, real customer service? You know, like you were some Major Wig millionaire at Goldman Sachs who could just call their personal banker and get help? That’s what I’m going to say to you. I have two killer connections for you… The second is for purchasing bullion made of gold and silver. That means half bars. To stretch your dollar into as much gold and silver as possible, that’s the cheapest and most efficient way to do it. The website is called WLT Precious Metals and when you see my logo in the top left- hand corner, you’ll know you’re in the proper place. Ira Bershatsky ( or someone on his team ) will answer any questions you may have and provide you with assistance via a personal phone call. How about that! You do n’t see that much anymore, but Ira and his team take pride in providing good old-fashioned, real customer service: no sales pitches, just real, actual assistance. And the best prices you will find. The only caveat I’ll leave is this: it might take a couple days before you get a call again because they do pride themselves on providing quality service. Just be persistent. Great things arrive to those who wait! You can contact Ira and WLT Precious Metals below. That was actually# 1. Then I want to tell you about option# 2. I’m so glad to work with these guys, which is an extremely excellent company. This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs ( Investment Retirement Accounts ). You are aware of that’s beauty, right? Two huge benefits truly… First is TAX FREE baby! Although I do n’t advise clients, it’s oversimplified in general. Always pay more taxes than you are legally required to pay. And because of this, I enjoy having a lot of gold and silver in my IRA ( as well as having a lot of it myself! ). Second is if you simply shift money out of stocks ( like Peter Schiff recommends ) and into Gold, it wo n’t cost you anything! No out-of-pocket expenses! BOOM! Genesis Gold has so much to love, starting with the fact that they are boldly and unhumblely Christina! They call it” Faith- Driven Stewardship” and they put it straight on the homepage of their website along with a quote from Ezekiel: Wealth Preservation With Gold &, Silver–
The Genesis Gold IRABY YOUR PERCEPTION, EZEKIEL 28: 4Genesis Gold Group believes that the Bible provides explanations for how man-made currencies ( paper money ) represent instability, a lack of virtue, and encourages living wastefully in excess. Conflicts have besieged us since the dawn of civilization, and they can all be encapsulated into one battle. The conflict is between man-made paper, gold and silver, the two beautiful metals found in our Earth’s crust, which our Lord sent to us to use as money. Man- made currency often leads nations down the path to increased war, greed, and final collapse. The history of the past has demonstrated that avoiding gold and silver has often been a terrible idea. Gold and Silver enforce discipline, nurture self- constraint, self- reliance, and balance, and lead to confidence, a constrained government, and a more secure foreign policy. With Gold & Silver as an essential component of a healthy portfolio, Genesis Gold Group believes in empowering faith-driven stewardship. Protecting your finances with valuable metals has never been more important during these trying times. Let your Genesis Gold and Silver experts guide you with our Genesis Gold IRA through the simplicity of asset protection and growth with a mixed 50 plus years in the precious metals industry. Respectfully, Genesis Gold GroupEmpowering Faith- Driven StewardshipOh…. and they’re VERY good at what they do. Believe it or not, you also receive actual gold and silver with Genesis! The gold and silver is purchased for you ( in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored carefully in a vault for you! I adore what these men are up to. Here’s more on why gold and silver in your IRA are so powerful: You can contact Genesis Gold below. You may have to wait a while while they are quite well-backed up due to record demand, but someone will contact you for personalized assistance and support! Tell’ em Noah sent ya! Oh, and did SUPERMAN himself recommend Genesis? It’s accurate. Watch this: Stay protected! Superman himself, Clark Kent, and Dean Cain, both appeared on my show a few weeks ago. Make certain you can weather the storm when it hits! Because the storm always arrives at some point, does n’t it? As for me and my house, we will be prepared. [[{“value”:”
Meet “Yotta”, also known as the “YouTube Bank”. In a minute, I’ll tell you why. Why am I referring to Yotta here? Let me explain. Yotta, in reality, is not a bank, but a savings app. Why is it called “YouTube Bank?” Graham Stephan was probably the most famous YouTuber to have promoted Yotta in the past. I love Graham Stephan’s videos, and I don’t think he has done anything wrong, but he promoted Yotta heavily, making a video titled, “I Bought a Bank”. This video has been deleted, but I remember watching it when it was posted. What happened? What is happening, or more accurately what has happened? Let me give you the headline and then we will break it down: Savings App CEO says 85,000 account locked in fintech meltdown. ‘We never anticipated a scenario such as this’ This is from CNBC. Not only are accounts locked, users are also unable to withdraw their cash. A total nightmare scenario. The company claims it’s an issue between two “middlemen” but it is extremely concerning when you can’t withdraw your money from a bank – or “savings apps”. I’m not saying they’re insolvent, or that they will go under. In fact, they say they won’t — but I can tell you this …..I witnessed the exact same thing right before crypto brokerage Celsius collapsed. I was live-tweeting the story and covering it as it unfolded. I immediately advised all users to move their funds out of the platform after they announced a “glitch”. The company said that everything was fine and safe, but then collapsed just hours later. Is this the same scenario? I don’t really know. I hope not. According to Yotta there are no funds lost or at risk. It’s just a technical glitch. CNBC has more details: Adam Moelis, who co-founded the fintech startup Yotta, wanted to give Americans an easier way to save to help them weather the ups anddowns of life. Inadvertently, his company has caused a lot of pain for thousands who depended on Yotta to receive their paychecks, pay their bills, and save money for emergencies. The crisis began on May 11, when a dispute erupted between two of Yotta’s banking partners – fintech middleman Synapse, and Tennessee-based Evolve Bank & Trust – which led to the locking up of accounts at Yotta as well as at least two dozen others startups. Synapse declared bankruptcy in January after several of its key clients left the company over disagreements about the tracking of customers’ funds. Moelis, a CNBC reporter, said that for the past three week, 85,000 Yotta users with a total of $112 million in savings were locked out. He said that the disruption had thrown lives into chaos, forced people to borrow money to buy food, and put upcoming events such as weddings or surgeries in doubt. “The stories are heartbreaking,” Moelis stated. “We never thought this could happen. We worked with banks who are members of FDIC. We never imagined that this scenario could play out, and that no regulators would step in to help.” Boom and bust The ongoing mess exposed the risks of a corner in fintech that gained prominence during a boom of venture investment. It will likely reverberate over years as regulators increase their scrutiny of the area. The “banking-as-a-service” model allowed consumer fintech firms to quickly launch debit and savings accounts. Firms like Synapse acted as a bridge between startups and FDIC backed banks who ultimately held deposits. The dispute between Synapse Bank and Evolve Bank is centered around a fundamental function of finance, which is keeping accurate ledgers and balances. Synapse disagrees with Evolve on how much money Yotta has at Evolve and how much is at other banks Synapse worked. Evolve blames Synapse, while Synapse has not responded to requests for comments. The Synapse bankruptcy has mainly affected lesser-known consumer fintech companies, especially after larger fintech companies including Mercury and DaveIn the last year, Synapse has been abandoned by many companies. Yotta is one of the biggest companies affected. It was a company that encouraged users to save by offering free weekly sweepstakes in the form of a lottery. Copper, a company that offered savings accounts to families and teens and the crypto firm Juno, has also frozen accounts. Moelis estimates that at least 200 000 total customer accounts have been frozen. He has been in touch with other fintech principals affected by the Synapse failure. Moelis says that while Synapse claimed in court documents to have 10 million users, the actual number of active accounts is likely much smaller. Adam Moelis, Co-Founder at Yotta Savings.
Adam Moelis, Co-Founder at Yotta Savings.
Courtesy: Yotta
Fintech co-founder believes regulators have given clearance to let the situation unfold because of the relatively small scope of the problem and the fact that the majority of those affected are not wealthy. He noted that regulators acted quickly last year to address the regional banking crisis, which threatened uninsured deposit of rich families and startups. “I think that if this were happening on a larger scale regulators would have acted by now,” said he. “We have real, everyday Americans who are impacted. They are not wealthy and do not have the ability lobby.” The Federal Reserve has declined to comment. Representatives from the agencies cited efforts they made to encourage banks in managing the risks associated with using fintech partners. Enter YouTuber “Coffeezilla”, who is known for exposing scams on YouTube. He posted this, which is how I learned about this issue. To be fair, Coffeezilla said in his video that he doesn’t know if this scam is real or not. I believe he says he doesn’t believe it is. Whatever it is (scams, bank failures, tech glitches, or something else), it is not good. One man reported that he had $80,000 saved in the bank, which he used to start his own business after quitting his previous job. Another woman reported being unable pay her rent. What would you do, if your account suddenly became frozen? It doesn’t matter how many dollars you have if you cannot use them! Very scary. We hope that this situation will be resolved quickly and with a positive outcome. There is a good reason I keep warning that a run on the banks will happen, whether or not it ends up as a “bank fail” or not. Stay alert. If you’re concerned about this, get your money from the banks! Billionaire Real Estate investor Barry Sternlicht expects one bank failure per week! JUST IN! Billionaire Real Estate investor Barry Sternlicht Expects One Bank Failure PER WEEK. Last year, six large banks failed in the United States. It was unprecedented, at least to my memory in recent years. But I kept telling everyone that it wasn’t over. Several weeks later, this happened: BREAKING BANK FAILURE – Republic First Bank Collapses and is Seized by Regulators. I continued to warn you ….something bigger and worse was coming. I hope I’m mistaken, but I doubt it. In fact, things continue to get worse at an accelerated rate. Who cares what I say ….I am just a journalist. Your humble correspondent Barry Sternlicht’s opinion is what you should be interested in. Do you know what that is? Sternlicht is a real estate expert and American billionaire. Barry Sternlicht was born in New York City on November 27, 1960. He is a well-known American billionaire, co-founder, chairman and CEO of Starwood Capital Group. He is also the chairman of Starwood Property Trust. Sternlicht began his professional career in 1991, when he founded Starwood Capital Group, along with Bob Faith. He later founded the W Hotel chain and Starwood Property Trust – one of the largest commercial REITs. In 1995, he was appointed chairman and CEO of Starwood Hotels and Resorts Worldwide. He held this position until 2005. Barry Sternlicht’s contributions to the hospitality, real estate, and global business communities have been recognized throughout his career. In 2015, he was named the Cornell Icon of the Industry. This prestigious award recognized his leadership and innovation in the hospitality industry. In 2010, Sternlicht received the titles of “Investor of the year” and “Executive of the year” from Commercial Property Executive. This was to recognize his outstanding achievements in real estate management and investment. Sternlicht has participated in a number of philanthropic activities, including serving as a board member for the Robin Hood Foundation. He also served on the Dreamland Community Theatre’s board. His commitment to giving to others extends to Brown University, his alma matter, where he is a trustee. Sternlicht’s business acumen and market predictions have shown him to be a master of economic trends and investment possibilities. He has navigated through multiple economic downturns, and played a key role in the growth and development his companies. His ability to identify market opportunities and capitalize on them has earned him a solid reputation as a savvy real estate investor and leader in the hospitality industry. Here’s what he says RIGHT NOW. Billionaire real-estate investor Barry Sternlicht expects at least a bank failure every week. pic.twitter.com/yVZtsFBCZF — Watcher.Guru (@WatcherGuru) May 10, 2024 Here are more details, from my friends over at Watcher.Guru: Billionaire real estate investor and CEO of Starwood Capital, Barry Sternlicht, has recently stated his expectation of one bank failure per week in the United States. Sternlicht has expressed concern about the more than 4,000 US banks that are under pressure from interest rates and inflation. Sternlicht warned that community and regional bank could be in for a difficult time due to a variety of macroeconomic factors. In a recent CNBC interview, Sternlicht said that a regional banking institution could fail “everyweek, maybe twice a week”. The United States economy has been fragile all year. In fact, the Federal Reserve had implemented a two-year tightening program, increasing interest rates in order to combat high inflation. The Central Bank has not yet cut rates and many are predicting dangers for the economy. One of them is Barry Sternlicht, a billionaire real estate investor who predicts one bank failure every week. The co-founder of Starwood Capital Group, a $115 billion company, shared his grim predictions for the current interest rate situation and its effect on smaller banks with CNBC. Sternlicht said, “I think that people are looking for cracks and you will see them develop now.” “You will see a regional failure every day or not, but at least two a week,” Sternlicht said. At least ONE, maybe TWO bank failures per week! Hello folks! I hope that you are paying attention and taking action to protect you and your family. It’s for this reason that I publish these articles. To give you the best possible warning and to raise awareness, I want to do so as early as possible. It all fits with what I have been telling you about …. like this: Grant Cardone “There Will Be 100 Bank Failures In This Country …” and this: Audit Reveals 282 U.S. banks Are in Danger of Failing Ok, is it all doom and gloom? What can you do? Continue reading and I will tell you! Peter Schiff: “Gold will be revalued much higher than …”. I’ve been telling people for a long time that they might want to buy some GOLD. I am not a financial adviser, I am just your humble journalist. Someone much smarter and a professional money manager has just said something you need to see. Peter Schiff said on MeetKevin’s podcast that Gold was about to be revalued much higher! Patrick Bet-David also loves gold! Peter Schiff: “Gold will be revalued much higher than it currently is …”#GotGold? @digitalassetbuy @DigPerspectives @realMeetKevin @PeterSchiff READ THIS: https://t.co/8SfgaIbPgF pic.twitter.com/vmTuHQcAEY — DailyNoah.com (@DailyNoahNews) February 8, 2024 Here is a dedicated video player if this is easier for you to see: Peter Schiff: “Gold is going to be revalued MUCH higher than it is…”#GotGold ? @digitalassetbuy @DigPerspectives @realMeetKevin @PeterSchiff READ THIS: https://t.co/8SfgaIbPgF pic.twitter.com/vmTuHQcAEY — DailyNoah.com (@DailyNoahNews) February 8, 2024 You can watch the entire interview right here if you like: Two VERY smart guys, Peter Schiff and Patrick Bet-David. If you don’t already know him, here’s a little more about Schiff: Peter Schiff is a well-known American economist, financial advisor, author, and stock market analyst. He has a great influence in the finance and investment world. Schiff is the CEO of Euro Pacific Capital Inc. and chief global strategy at this brokerage firm, founded in 1996. It focuses on international markets and securities. Over the years, Schiff has expanded the firm’s operation successfully, demonstrating both his ability to identify growth opportunities and his knowledge of global financial markets. Schiff’s prescient call about the 2008 financial crises is one of his major accomplishments. He was widely recognized for his accurate predictions of the housing bubble and the financial crisis that followed, made long before they happened. His accurate predictions of these events earned Schiff a reputation as an savvy investor and keen observer of economic trend. Market events have confirmed Schiff’s warnings on the dangers of excessive borrowing and speculative booms, confirming his status as an innovative economist. Peter Schiff, in addition to his career as a financial advisor, is also an accomplished author. He has written several books about economics and investing. His books, such as “Crash Proof”: How to Profit from the Coming Economic Collapse, have been praised for their insightful analyses and practical advice about safeguarding investments against economic downturns. Schiff’s ability in putting complex economic concepts in an accessible language has made him a favorite among novice and experienced investors. Schiff is a vocal proponent of fiscal conservatism and sound money. He often appears on financial news networks in order to share his views. His advocacy of gold as a hedge for inflation and currency devaluation influenced many investors strategies. Schiff’s deep understanding of economic principles and his sometimes controversial views have earned him respect within the investment community. We first reported on the possibility of Gold being revalued three months ago. Price Could be $10,000-60,000 per ounce! “Gold Revaluation” Incoming? Price Could be $10,000-60,000 per ounce! One of the worst decisions our country has ever made was to allow Central Bankers to remove the Gold Standard… It was a blessing in disguise for the corrupt bankers who were able to print money infinity and became filthy wealthy! But ….are the bankers about to turn the script again on the public? As the system that they have destroyed by printing unlimited money is about to collapse, there are reports that they may be ready to return to a gold standard. Crazy right? I must show you this 2 minute video by the Black Swan capitalist who nails this perfectly. Continue reading to learn a solution that YOU can implement RIGHT NOW to keep yourself and your family safe. You can do this without spending any money! Yes, really…. He says that not only has the plan been put in place, but simulations were run to determine if and when this would happen it would result in an ounce of gold costing anywhere between $10,000 and $60,000! If you’re not good at math, a gain of 400% to 2,900% would be possible from today’s $1,955 price! Wow! Not only that, but there was a line that really stood out to me …. He said, quote, “Those who trust the Government and keep their money in US Dollars, will be utterly destroyed.” This rang very true for me. When has “trusting in the government” ever paid off for you? This is EXACTLY what they would do. And revel in it! It’s Ronald Reagan’s famous quote: So with that in mind, watch this clip and understand what might be JUST around the corner…. Central #banks have been quietly buying #gold in preparation for a gold revaluation, which sets the stage for a new reserve currency They’ve also partnered with #Ripple so they can #tokenize those reseve assets on the #blockchain where #XRP will play a key role in achieving this pic.twitter.com/4k793CNvD0 — Black Swan Capitalist (@VersanAljarrah) November 7, 2023 Backup here if needed: OH MY….
How can you make sure that governments are still able to function without the use of credit cards? And if we went back to a gold standard, we’d have to do something like back the world’s currencies with gold at a certain ratio that was clear… pic.twitter.com/Dul6Kqr8OG — DailyNoah.com (@DailyNoahNews) February 8, 2024 Ok so how can you get gold with NO MONEY OUT OF POCKET? Please read below… Read below… And our wallets. Big league. In addition to covering politics, I also cover money on occasion…and although I am not a financial adviser, I hope that what I learn can help you, and keep you and family safe. This often leads me to cover Gold and Silver. What they’ve always called “Gods Money”. He made it and they don’t make any more. It has always been valued as money since the beginning of time. I’m a huge fan of it and I believe that it could do great things if the U.S. Dollar collapsed. That’s why i talk about it, and why i want to make sure that everyone protects themselves and their families. To answer the question “what can I DO?” It’s actually quite simple: You need to have some #Gold or Silver in your possession. It’s “physical” silver and gold. It’s not the paper traded garbage that’s on the stock exchanges and isn’t backed by any thing. Do not touch that stuff. Because I am asked so often where to buy it, and how to get it, I thought it would be best to publish this for everyone to see …. These are the ONLY two companies with whom I am proud to be partnered on Gold and Silver. Both involve PHYSICAL silver and gold. If you DO NOTHING else, you should make sure that you own “physical” silver and gold, not paper contracts. Paper contracts (like stock tickers SLV and GLD), which are not backed by gold and silver, could go POOF and disappear one day or go to zero. When the music stops (and …) I think it will soon stop) people who only own papers might find that they own something that isn’t worth the paper on which it’s written. ….Let’s Get Physical: Now…WHERE can you buy physical gold and silver, and how can you be sure it is real and safe? And that you are getting the best price possible? How about real one-on-one customer service? You know, as if you were a Big Wig Millionaire at Goldman Sachs and could call your personal banker to get help? This is what I am about to tell. I’ve got two killer connections to share with you… First, you can buy gold and silver bullion. Bulk bars are what we mean. This is the most economical and cheapest way to get as much gold and as much silver as you can for your dollar. You’ll know that you’re at the right website when you see the logo of WLT Precious metals in the upper left-hand corner. You will receive a personal call from Ira Bershatsky or someone on his team. They will work with you for free as long as you need to answer your questions and take care of you. What a great idea! Ira’s team is known for their good old-fashioned customer service. No sales pitches, just real help. The best prices around. The only thing I’ll say is that, because they pride themselves on their dedicated service, you might have to wait a few extra days before you hear back. Just be patient. You will reap the rewards of your patience! Here you can contact Ira at WLT Precious Metals. Okay, that’s #1. Now let me tell you about Option #2. This is a great company and I am happy to work with them. This next company, Genesis Gold, is for those who want to buy real physical gold and silver in their IRAs. What’s the beauty of this? There are actually two major benefits… First, it’s TAX-FREE! I’m no tax advisor, but this is a general oversimplification. Never pay more tax than you’re legally required to. That’s why I like to have gold and silver in my IRA. (I also hold a significant amount of money in an IRA). Second, if you simply move money from stocks (as Peter Schiff recommends), and into Gold, you won’t pay a penny! No money out of your pocket! BOOM! Genesis Gold is a great company, and they are unashamedly Christina. They call it Faith-Driven Stewardship and put it on their homepage along with a quote by Ezekiel. Wealth Preservation With Silver & Gold –
The Genesis Gold IRA You have accumulated wealth and gold and silver in your treasuries because of your wisdom and understanding – EZEKIEL28:4 Genesis Gold Group believes that the Bible provides clues about how man-made currency (paper money) represents instability, a lack virtue, and encourages excessive living. Since the dawn of civilisation, we have been plagued by conflicts. They can be summed up into one battle. The battle is between man-made currency, gold and silver, the precious metals that are found in the Earth’s crust and sent to us by God to be used as money. Man-made money always leads to increased wars, greed and ultimately collapse. History has shown us that abandoning gold or silver was a bad decision. Gold and silver are a good way to maintain discipline, encourage self-control, self-reliance and balance. They also promote confidence, a restrained foreign policy, and self-reliance. Genesis Gold Group believes that Gold & Silver is an integral part of a well-balanced portfolio. In these difficult times, protecting your finances with precious materials has never been more important. Let your Genesis gold and Silver experts, with a combined experience of more than 50 years in the precious-metals industry, guide you through the simple process of asset protection and growth using our Genesis Gold IRA. Sincerely, Genesis Gold Group Empowering faith-driven stewardship Oh ….and these guys are very good at what they do. Believe it or not, you can also get physical silver and gold with Genesis! The gold and silver are purchased for you in the combination of coins and bar you prefer. A picture is taken and sent to your email address. They then store it safely for you in a vault! These guys are amazing! Contact Genesis Gold to learn more about why gold and silver are so valuable in your IRA. You may have to wait for a while, but they will contact you with personal customer service. Tell ’em Noah sent ya! Did you know that SUPERMAN himself recommends Genesis? It’s true. Watch this video: Stay safe. Superman himself, Clark Kent – Dean Cain – appeared on my show a couple of weeks ago. Be prepared to weather the storm! The storm will always come, don’t you think? I and my house will be prepared.
“}]]
