Welcome back to the channel everyone today i want to talk about how the fdic says the banks are going to fail and actually how even warren buffett says so as well so stay tuned and let's make some money, but before i dive into the video i just Want to give a massive shout out to the 4 700 of you that currently ding that notification bell, because you guys are always the first to watch a new video as soon as it's released so guys be sure to drop a like down below subscribe to the Channel and ding that notification bell, if you haven't already so that you don't miss another video, just like this one and just a quick one before i dive in with the key information, i just want to remind you to make sure you follow those links down in The description below to get a free share with moomoo or with free trade with mumu, you can currently get a free share worth up to 350 and a guaranteed share valued at 48 as well. Moomoo also has tons and tons of benefits as well. It's a super easy to use platform. It's got its own social media section.

It's got the options order flow. It's got early access to ipo stocks, it's got the full extended trading hours, it's got zero dollars in commissions and it's fully insured with the sipc as well. And now i want to dive straight in with the key information. So the fdic needs a deal with a cryptocustodian to manage the assets of failed banks.

The fdic is on the cusp of signing a deal with anchorage to help it store crypto. When a bank fails in brief hiring a custodian will make it easier for the fdic to liquidate crypto assets. The potential deal reflects how crypto is becoming part of all aspects of u.s banking and also reflects how much of a current sketchy situation the stock market and the majority of u.s banks are in at the moment as well. When a bank fails anywhere in the us.

The federal agency known as the federal deposit insurance corporation or the fdic rushes in to backstop depositors and clean up the mess, a task that includes liquidating the bank's loans and other assets and just a quick side. Note that's also the same process of how hedge funds and other institutions get liquidated as well. There's a third party that comes in to liquidate those assets or maybe even potentially, exchange those assets with the dtcc for cash and to cover their loans and short positions. Now, in a sign of the times, the fdic is close to hiring a cryptocurrency custodian to help it out as well.

According to sources with knowledge of the deal, the federal agency is set to hire san francisco-based anchorage to help it store and sell any bitcoin and other digital assets it obtains in the course of a bank failure. The sources who are not authorised to speak for attribution said the company and the fdic are in the final stages of signing a contract. Earlier this year, the justice department also hired anchorage to help the u.s marshal service, which is responsible for storing and auctioning goods seized by the fbi, the dea and other law enforcement agencies anchorage, which became the first crypto company to obtain a federal bank charter. Earlier this year also provides custody services to the likes of visa and big banks.

A decision by the fdic to hire a crypto custodian would not be surprising, given how a growing number of banks are exposed to cryptocurrency, either directly by holding it on their balance sheet or indirectly, by facilitating customers. Ability to acquire crypto is also becoming widely used as lone collateral, which is likely to become another way. The traditional financial industry becomes entwined with digital assets. All of this reflects how the banking system and the federal regulators that oversee it are becoming ever more connected with the crypto industry, even as they profess skepticism about many aspects of digital currency.

It remains to be seen if the fdic will contemplate investor protection to those who store their digital assets with services like coinbase or gemini crypto companies that are coming in many ways to resemble traditional banks right now that protection amounts to deposit insurance worth 250 000. On a narrow range of products such as checking and savings accounts and certificates of deposits, the fdic's backstop is funded by deposit insurance paid by the banks and is something to which mainstream cryptocurrencies would likely contribute to. In exchange for having the agency's guarantee a guarantee that could persuade even more retail investors to invest in crypto, although interestingly wealth management mogul ross gerber had this to say, the fdic doesn't exist. That's an absolute fantasy rule number one.

Any promise the us government makes is a fantasy. We don't have any money, we have a trillion in debt, said gerber, so if the banks go under, if jp morgan goes under, the fdic covers 0 of it, and we saw this happen, it's just a fallacy. The banks are the worst run institutions in america to think there's. Some kind of level of safety with your money is the biggest fallacy.

I've ever heard. He said: we've also got warren buffett's global market indicator hitting a record 142 signaling. That stocks are too expensive and could crash warren buffett's namesake gauge divides the total market cap of global stocks by worldwide gdp. Buffett said that the indicator spiking before the dot-com crash was a very strong warning signal.

Warren buffett's favorite market indicator has surged to a record high of 142 signaling that u.s and international stocks are heavily overpriced and could plummet in the months ahead. The global version of the buffer indicator takes the combined market capitalization of the world's publicly traded stocks and divides it by global gdp. A reading north of 100 indicates the global stock market is overvalued relative to the world economy. Boom.

Global stocks have gained another 1.6 trillion dollars in market capitalization. This week, an analyst tweeted on sunday equities now worth 120.3 trillion dollars the highest in history. Warren buffett reckons this indicator is probably the best single measure of where valuations stand at any given time, and he said it should have been a very strong warning signal when the yardstick skyrocketed during the dot-com bubble. He added that buying stocks at a reading of 70 or 80 percent would likely be lucrative, but investors would be playing with fire when the ratio approaches 200 and that ratio is currently at an all-time high higher than it was in the dot-com bubble and higher than It was in 2007 and 2008..

The u.s stock market is firmly in fire territory. With the current buffer indicator. Reading 208, the figure is well above its 187 reading in the second quarter of 2020, when the pandemic was in full swing and gdp was about 15 percent. Lower so therefore, even right now in quarter three of 2021 we're actually much much higher than we were in quarter 2 of 2020.

This is a screenshot of the worldwide buffer indicator between 2003 and 2021. As you can see, we had a massive rocket up here in 2007, 2008, obviously followed by the massive crash. We were quite here in march of 2020 before plummeting again as the pandemic was announced, but have since rocketed substantially higher. Overall.

Both of these news stories are very concerning for the economy, but also good signs for the amc stock, because, as we all know, a market crash will cause the amc squeeze. I wanted to give you a quick example of some of the malarkey we might see with the amc stock. Remember that at one point, amazon fell from 110 to 11 before going all the way to three thousand dollars. A share.

Bitcoin also dropped from twenty thousand dollars to under four thousand dollars before going all the way to sixty thousand dollars per coin, we saw tesla go from three hundred dollars to a hundred and eighty dollars a share before going all the way to two thousand dollars as Well and therefore, the trick isn't just picking the right investments, it's holding them and therefore, during the amc, squeeze we're likely to see a potential fake squeeze. First of all and we're likely to see many institutions and funds. Try and shore amc back down and therefore we'd. Like you to see even more manipulation, but just remember that at the end of the day the amc squeeze will come.

And finally, i wanted to show you this screenshot of the poster for the new matrix film, the matrix resurrection, which is only in cinemas this december. This is a brilliant, brilliant exclusivity deal that amc have managed to make. I imagine at some point down the line. It will come out on streaming platforms, but there's going to be a large exclusivity period where the matrix is only available in cinemas and theaters.

Guys be sure to. Let me know down in the comments below what you think about the fdic preparing for banks to fail and also, if you haven't already be sure, to sign up with moomoo or with free trade to get those free shares linked down in the description below. And as always guys, if you enjoyed this video, be sure to check out some of my others, alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted. When i upload a new video cheers.

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