Today I Want to talk about how a number of major banks are about to collapse causing the AMC squeeze? Charles Schwab Bank of America and Goldman Sachs have just released earnings and they're in big trouble. So stay tuned and let's make some money. And now dve straight in with the key information. So Peruvian bull tweeted saying wait, Charles Schwab has a ratio of 329 unrealized loss to equity That's triple the ratio of silicon B bank before failure.

Holy hell, Charles Schwab is next. So let's start by explaining what unrealized loss to equity actually is. So all companies, all banks, institutions, and corporations have assets and they have liabilities. When you take the liabilities away from the assets, you're left with the total Equity or effectively, the total company value.

But currently Charles Schwab's unrealized loss is three times the value of their company on that total Equity basis. At the time of Silicon Valley Bank's collapse, back in March of 2021, their unrealized loss to equity ratio was only 97% Signature Banks was 140% and at the time back in March Charles Schwabs was 130% and since Quarter 1 now to the end of quarter 3, that's now increased to a ratio of 329 per. As Bams points out, Charles Schwab is currently living off Federal loans or that bank term funding program aka the bank bailout facility. You may also know that more and more of these unrealized losses for these banks are becoming realized as customers default on their credit card loans and as customers default on their auto loans and as customers default on their student loans and mortgages and as corporations default on their commercial mortgages, and as corporations default on their corporate loans, more and more of those unrealized losses are be coming realized.

And if you didn't know, credit card defaults, auto loan defaults, student loan defaults, commercial mortgage defaults, and Corporation defaults are at alltime highs or at 2008 highs. More big companies this year have gone bankrupt than they did in the first half of 2008, and that means a record amount of these unrealized losses for banks are becoming realized. Go! Gavin Tweeted saying Charles Schwab just reported its earnings profits are down 30% year-over-year and that's the biggest drop in Charles Schwab's profits since the financial crisis back in 2008. And again, this also isn't limited to Charles Schwab Investor Turf has also tweeted saying Goldman Sachs has also witnessed a onethird decline in earnings say Goldman Sachs has disclosed a 33% decrease in third quarter earnings, attributing it to subdued market conditions, resulting in fewer deals for the the Us-based Investment Bank Additionally The bank experienced a significant increase in expenses during the quarter, primarily related to writing down its investments in lending platform Green Sky and Real Estate Holdings.

That's obviously because of those commercial mortgage defaults, shocking the commercial mortgage industry, making tons of commercial properties worth significantly less. saying the New York-based company reported third quarter earnings of 2 billion, marking a decline from the $3 billion in profit last year. Now you may say Tom $2 billion in profits is still tons of money. That to me, doesn't sound like Goldman Sachs is struggling, but $2 billion can soon turn into tons and tons of losses.

You can see that Bank of America's unrealized loss has now increased to 131 billion. Last quarter, that loss was 100 billion, and now it's 130 billion, an increase in their loss in just one quarter of $30 billion. So all of a sudden, that $2 billion profit can very quickly turn into a $28 billion loss. Yes, obviously that's comparing Goldman Sachs to Bank of America.

but all of these banks are in the same boat with tons of unrealized losses just waiting to become realized. I've been looking for a crypto trading platform for a while now that protects retail investors from unfair Market manipulation. and I found Marge X with their MP Shield system that protects from that price manipulation. But that's not all.

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As I said, and as you can see here from the article, it says B said it had unrealized losses of $131 billion on Securities held until maturity in the third quarter, growing from nearly 106 billion in the second quarter. You can see here looking at this comparison of unrealized losses to assets. For Bank of America on $600 billion worth of assets, they have that $130 billion loss that's nearly 20% of all assets that are absolutely worthless. And on top of that, it seems not only the banks in trouble, but crypto platforms are in trouble as well.

W Wire has tweeted saying justtin Binance Us halts all users from withdraw boring dollars, admit rumors of its insolvency. To be specific, Binance still allows you to withdraw stable coins to other stable coin wallets, but doesn't allow you to withdraw dollars. You can convert your dollars into stable coins and move the stablecoins to a different platform, but they won't actually send you your money. Clearly, Binance has run out of cash and does not have enough dollars to reimburse their customers.

Previous crypto exchanges that halted withdrawals are the likes of of FTX, Gemini and Genesis which if you didn't already know, are all insolvent and now bankrupt. So it's likely Binance is in a similar spot and could be shutting down as well in the next few weeks. And considering these Banks and these crypto exchanges are in such big trouble. A very interesting article was posted about AMC but as you can imagine, that article was very quickly taken down.

The article was titled a Meme Stocks a Buy right now Now but suspender P Tweeted He said a two-part story. Somebody clearly wasn't supposed to post this as it got yanked just a few minutes or a few hours after the article was posted. it was deleted from the system. Clearly, the mainstream media is petrified about writing anything positive about Meme stocks like AMC and of GameStop On top of that Ben The author of the film Dum Money tweets saying I Know this is controversial to some people, but the AMC Community is proving over and over that they are carrying the Roaring Kitty torch retail Traders Fighting the good fight in support of a company they love I Think this is also great to see the author of the film D Money on the side of AMC as well as being on the side of GameStop 2 many GameStop elitists.

Right off AMC is not being the true squeeze, but any real ape knows the majority of Apes hold both AMC and GameStop and guys Finally, for today, I also wanted to talk about how useless the SEC and the US Treasury actually are. As Frank tweeted he said, you can't make this up He said it's okay guys, we've hired a bank robber to make sure no one robs the bank and that's because the US Treasury has just selected JP Morgan to look for fraud. He said the US Treasury has hired JP Morgan Chase for payment Integrity Oversight but concerns arise due to the ties between the Treasury secretary Janette Yellen and the bank JP Morgan's questionable history and whistleblower allegations of impropriety. JP Morgan have paid tons and tons of fines over the years for breaching Securities laws, but yet they're still hired by the US Treasury to look for the exact fraud they've been committing.

He said over a 5-year period from 2017 to 2022, they failed to properly report more than 40 million swap transactions Landing them a laughable $15 million fine saying now, why would a major player in trading failed to report their derivative trades? Well, there could be a myate of reasons they might have exceeded their speculative trading limits, dealt with risky counterparties, or already had too many risky derivative trades in the books, and the cynic might also suspect they were trying to manipulate the market to pad their own Pockets especially as the Department of Justice has already slapped them with a Criminal felony charge for rigging the precious metals markets. JP Morgan has rigged markets in the past and they are currently rigging markets now and they will rig markets in the future. But yet, the treasury still decides to hire them to look for rigging markets fraud. As a result, the SEC themselves has tweeted saying careful what you read on the internet the best source of information about the SEC is the SEC This is likely because more and more people not just AMC retail investors, but retail investors as a whole consist instantly post about how much of a joke the SEC actually is.

It seems the SEC is trying to do some damage control, but to L A fail as they still continue to fail markets. But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when I upload a new video. Cheers.