FRC Collapse; CASCADE of Bank Failures Coming | Bob Moriarty

Liberty and Finance, Released on 4/29/23

First Republic will likely be gone by Monday. Someone will take the hit for the tens of billions of dollars uninsured in the bank, says Marine, naval aviator, and financial author Bob Moriarty. And the collapse of the bank could create contagion that puts the $500 trillion derivative bubble at stake, he says.

0:00 Intro1:00 First Republic collapse14:40 Contagion16:42 FDIC's options23:27 Treasuries25:57 Junk silver28:13 Bob Moriarty28:36 Moriarty's chicken

Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.

banking crisis, Bob Moriarty, financial crisis, silver

FRC Collapse; CASCADE of Bank Failures Coming | Bob Moriarty added by Herman James on 04/28/2023View all posts by Herman James ?+'