Top Three Videos – April 28, 2024

The failure of Republic First Bank and the increasing number of problem banks in the US are warning signs of a potential banking crisis, with concerns about inflation and potential impact on the money supply.

• The paper losses on bonds and high proportions of uninsured deposits are key factors in the failure of Republic First, highlighting the underlying issues in the banking industry.
• Another banking failure is a clear indication of the state of the economy, despite attempts to downplay its significance.
• The number of problem banks in the US has jumped 18%, raising concerns about the stability of the financial sector.
• The mainstream media downplays banking problems, while the FDIC keeps a “naughty list” of problem banks.
• The fact that only small banks are on the naughty list should give no one any assurance, it might be a contrarian indicator.
• The perceived counter party risk within the monetary system is increasing, leading to a higher probability of bank credit continuing to flatline or decline.
• Sustained inflation would require the money supply to increase like in the 1970s, which is dependent on banks lending, highlighting the importance of the banking system in driving inflation.