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May 4, 2023 - Stew Peters Show
36:46
Scriptures And Wallstreet- The Bank Runs Continue
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Thank you.
Thank you.
Hey, guys.
Carlos Cortez here.
Wanted to talk about these bank runs.
We have PacWest, Western Alliance, and Zion's Bank.
Going ahead and folding up.
Now...
I know what you're thinking.
I know what you're thinking.
If you're a loyal fan of the show and if you're a regular listener, it's like all a setup.
We're living in times where the unknown is becoming reality and is creating a lot of fear, uncertainty, and doubt, and also panic.
And as you should, because most don't have a plan.
Most...
I know this is going to happen, but it's not going to happen to me.
It's a fairy tale.
Guys, this is not a fairy tale.
If you're listening to this...
You understand that we've been following the VIX index.
We've been following KRE. Just the last episode, I brought up the VIX. How they changed the VIX into the VIX 1D, which is a daily volatility measure.
And just like I said last episode, guess what stinking happened?
It hit that all-time low and boom!
It shot up 100%.
Actually, 93%.
93% since the last time I told you to look at the volatility index, the one-day chart, which is the new version of the original VIX. They've been using this measurement for the past 50-60 years to measure fear and greed in the marketplace.
And so when you have any stock, any index, any type of security hit an all-time low, it typically bounces away.
It rallies up.
And it bounces pretty high.
I mean, heck, it hit up 93%.
I knew we would see something.
And go hand-in-hand with PacWest, Western Alliance, and Zion's.
I keep saying Allianz, sorry.
Western Alliance and Zion's.
Those three banks, which...
had a high unsecured depository factor.
Uninsured deposits basically mean that when you're over 250%, the FDIC, which is also ran by the government, When the FDIC insurance does not kick in, it's then it mounts over $250,000.
And so SVB, if you guys remember that earlier this year, they had a 94% uninsured deposit rating.
So does Signature Bank at 89.3%.
So is the uninsured deposit, is that a sign of a weak bank?
Well, there is a trend, right?
There is a trend because if you look at the banks with the highest uninsured deposits, you have East West Bank Corp., you have Comerica, and you had Western Alliance, PacWest, and Zions.
They made that list.
And all these banks have high levels of uninsured deposits.
And you're starting to see like a lot of the people that don't know what they're doing, they're scrambling to the bigger banks like the Wells, Chase, Bank of America.
But guess what?
Their stocks are down too.
If you look at KRE, KRE is a regional, just for regionals, not the big banks, the fours, but just regional banks.
Holy stinking smokes.
As I told you guys the past month, look at the podcast, The Next Bank Run.
We talked about this.
KRE is the ETF that tracks all the regional banks, pretty much.
And this is down 33.3% year to date.
Just in one month, it was down 28%.
And April was down 28%.
Guys, that's a massive loss in a year, let alone a month.
In one week, it was down in 20% in mid-April when we had Signature Bank, when we had SVB. It was just terrible.
So, I'm saying all this to give you facts so you can formulate your own opinion.
I'm not here to fearmonger.
I'm just here to agree that, yes, this does seem like a financial plandemic as...
Jerome Powell and now Yellen bailing out everybody.
It's like they want to raise interest rates just so they can screw over the banks and force what's coming out next week is the digital system called the FedNow.
I believe all this is going to happen.
They are going to implement the CBDC. You have de-dollarization of our dollar.
And really, if you boil it down to everything, I believe that it's just here to track you.
So if you don't comply, boom, they just hit a button and they shut down and freeze your bank accounts.
I'm also going to do another podcast.
We're going to dive really deep into this, but what if, just hear me out, what if they use mRNA technology to And now your blood is linked to a software.
And if you don't comply, now you're connected to this software where they just freeze your accounts if you don't act in compliance.
Just what if?
Just hang on with me there.
Sounds like a movie.
But the way they're crashing these banks and the way that you look at these privacy notices when you sign on for a new checking account, doesn't matter if it's true as bank account or these big banks or regional banks, they always have this stupid behavioral clause.
Like if you're acting outlandish or not in compliance with the mission statement of the bank, they have the right to shut your bank account down.
That scares me more than anything.
You have to comply with their rules and their regulations.
What if you don't believe in chopping off a penis and making a man a woman and your bank is now promoting woman of the year with a guy that was a chopped off penis guy?
That is so stupid.
I don't agree with that.
My faith does not align with your stupid mission statement.
How many banks...
Did it take me, myself, to be in compliance with the broker-dealers on Wall Street?
Look me up.
I have a terrible rap history, and I've been with 14 different broker-dealers until I decided, you know what, I'm going to start my own firm, and I'm going to say what I need to say, and I'm going to speak the truth.
I'm not going to line or conform my values into their values.
You guys need to take the same spirit of enterprise, take your money out of these stupid banks, Secure it in any means possible.
That means maybe you open up an individual brokerage account.
Maybe you buy some precious metals.
Maybe you buy some guaranteed insurance contracts on your money.
You see the pattern here, guys?
That is our covenant process.
That is how we are able to help our God-fearing patriots get out of the banking system because you don't need it.
Other than a year worth of bills, And Social Security welfare checks coming to your bank account that you worked so hard for?
You don't really need a checking account.
Other than just, like I said, paying bills, keeping accounts liquid.
The other stuff, the other excess needs to be vested, in my opinion.
So, let me say my disclosure.
I am a financial advisor.
I am securities licensed.
I am a fiduciary.
But this podcast is for educational purposes only.
This is not investment advice.
Give us a call, 813-448-3446.
The number will be on the low as well as a link to our calendar or request a meeting, and you will have a tailored custom plan with myself or one of my consultants that are highly selected and trained and handpicked by me.
But going on to these bank runs, guys, is that it's going to happen.
I don't like what the volatility index is doing.
Because it went down to as low as $16.75, I knew we would see a bounce back, which when the volatility index screams up, that means the market is melting.
And as of May 2nd, when I'm recording this, we had a massive 500-point drop in the market.
At one point, it was over 800 points.
And it is just massive.
There is a lot of hysteria.
And KRE is just a huge leading indicator That there's a huge problem.
But the other problem is that we feel like this is a financial pandemic.
Like, they're literally demoting the dollar.
And Ray Dalio said it best.
Like, they have to print money.
They're not going to pay the national deficit.
They're not going to pay the national deficit with hard money, with their own money, or with the money that's in the economy, because there is no freaking money.
So guess what they're going to do?
They're going to print, print, print, print, and now we got the Zimbabwe syndrome.
What happened in Zimbabwe is they kept on printing money, and the de-dollarization, or the de-value of their currency, was just massively imminent.
So it's not looking good for our dollar, guys.
It's not looking good with the Brazil, Russia, India, China now creating their own currency.
You have Sarah Huckabee in Arkansas, Texas, Utah, and other states that are wanting to use precious metals as a legal tender to pay off municipality debts and taxes as a form of payment.
I don't know how that looks like.
I don't know how you chop off a piece of silver and say...
Here, I want to pay my light bill.
I want to buy a loaf of bread.
I don't know how that works, but get you some.
We recommend that you obviously get you some precious metals and you buy from a Christian-based dealer like Cornerstone, 888-747-3309.
They're great, great guys.
Let them know that I sent you And they will get you the best prices on your precious metals.
You don't need to pay 20% to buy and sell precious metals or any amount over that.
So we want to make sure that you're not getting ripped off.
We believe in precious metals for a portion of your money because I don't know what's going to happen to the greenback.
I don't know what the next bank bailout is going to be, but we need to prepare for it.
We need to prepare so...
The ones that are fearing are the ones that are not preparing.
The ones that are in panic are the ones that are not preparing.
So as you have investments, God gave you the right and ability and the wisdom and the knowledge and the resources and the blessings to be the steward that you need to be.
So please do not...
Cry and play victim card.
And call our office when your bank does go belly up.
Because I told you to diversify.
I told you to diversify between different banks.
You're seeing it right now.
It's like you're going to war and you're dodging bullets.
I mean, we don't know.
But there is a trend going on.
We have...
We have this East West Bank Corp.
Huge, huge amount of...
Uninsured deposits.
Comerica.
Westerner Alliance was on my list.
PacWest was on my list.
And Zions.
And the last three just went belly up.
FDIC. I mean, just incredible how that works.
Looking at the KRE ETF. And more importantly, what gave it all to me was a huge red flag.
I said on my last podcast was the VIX 1D. The VIX volatility index.
Once it hits...
Guys, just remember this.
For as long as you're alive, when that volatility index hits all-time low, you better put your big boy pants on, man.
Because crap is about to hit the fan, dude.
And it's terrible.
So, that's what this podcast is about.
It's just alerting you, giving you the facts, giving you solutions.
And my solution here, if you're not a client of ours, that's okay.
But take your money out of the big banks.
Go online.
And get you a credit union.
You need NCUA which a credit union member of the NCUA has never been insolvent, has never lost a penny.
So they claim to fame that.
And I like the credit unions because they don't lend to everybody.
Like these originals and the big banks, they just bring on anybody.
Okay, you got $100,000.
We'll take your half a million.
We'll take your $4 million.
We'll take your $100.
We'll take all sorts of monies.
And we're going to loan it out.
As soon as you leave our branch, we're going to loan it out to other avenues that bring revenues to the bank.
Oh, by the way, the Fed is trying to raise interest rates.
And yes, Mr.
Client, we have your money, but we only have about 80% of it because we lost 20% of it due to bonds.
But we're going to go ahead and take the hit.
and boom, how many more clients does it take for the banks to get exposed to have a negative equity while lending?
And then they keep on printing money.
They keep on loaning and loaning and loaning, and eventually these banks go belly up.
So the Fed now is now coming out.
That shouldn't be a surprise to you.
We've been talking about this for weeks.
But just thinking about this, let's just take a step back.
You got five banks that went belly up on Joe Biden's watch year to date.
It hasn't happened in decades other than, obviously, 2020, we had another bank that went belly up.
But we haven't seen this type of turmoil since 2008.
Is it a coincidence?
Is it a coincidence?
Like Ronald Reagan says, just step back and take an inventory of what's going on.
Volatility index.
All-time low.
We called it.
We said it.
Boom.
It shoots up literally almost 100% in one day.
Tell me what stock goes up.
93.3% in one day.
It shoots up.
Huge major red flag.
You have an inverted yield curve.
The two years paying just as much as a five-year.
Five years...
No one wants a five-year bond.
The long-term bonds, the 10-year bond is terrible.
We have a flagrant, violent, rising interest rates, which bring the bond prices down even more.
Bitcoin is starting to go up because they want alternatives.
Then you have the Fed now coming out Literally implementing it.
Now, you guys already see what's happening.
Like, just take an inventory.
This is no longer conspiracy theory.
This is actually happening.
Right?
This is actually happening.
We are in it, guys.
We are in it.
So...
I still believe in America.
I still believe that we're going to make out of this.
And yes, yes, the CBDC is a real thing.
They want to promote that.
The Fed now is a CBDC system.
Keep in mind, knowing what they did, look at COVID. What did they do with COVID? They locked everybody up.
Only certain people got to work.
You couldn't even go to the grocery store, your place of worship.
You couldn't go to your gym.
You couldn't order your favorite wings without a vaccination pass, depending on what state you lived in.
It was full-blown total terrorism.
I believe they can do the same thing financially.
They crashed the banks.
They crashed the dollar.
They surrendered to China.
Because they're all blackmailed anyway, right?
A lot of these politicians have all these disgusting things that they do.
I didn't want to mention on this podcast, but they're blackmailed.
You guys know what it is.
They have all these factors that prohibit them from growing America.
They don't want to have the darkness come out to light.
So, we have to be diligent and expect the worst.
Plan for the worst, hope for the best.
We have to literally humble ourselves and ask God for forgiveness for being dumb and weak and stupid and not vulnerable to His words that He tells us in His Bible.
We have to confess our sins, repent, And come back to the cross.
Because that's the only thing I can recommend that is going to save us.
Like all this, like I said, precious metals, money, cash value, tax-free insurance on your money.
All these cool things that we can talk about means nothing.
When you die...
This doesn't go with you.
As a matter of fact, it's going to go to your heirs and they're not going to see how long and how hard you worked for your hard-earned dollars.
They're just going to spend it all, hopefully not on one vacation.
They're just going to keep on spending it.
As a matter of fact, fun statistic, but true statistic, when you pass away and you pay off your house and you tell your kids, oh, one day you'll have this house, they don't even want it.
87% chance they're going to sell it.
They're actually going to sell it.
And what you did was you never tapped into the equity of that home.
That's why reverse mortgages could be right for you.
I don't write them, but a reverse mortgage actually makes sense.
Because if you have children, and multiple children, you might as well just do a reverse mortgage, live off that income, And have the bank pay you an income for life.
The kids can still get the house if they want it.
They just have to buy it back from the bank.
There's been a lot of regulations there.
But...
Oh, man.
This whole point of this podcast, guys, is literally just to be...
Just create awareness.
Like, the banks aren't safe, my man.
Banks are not safe.
I'm at a point.
Like, I could care less if you do business with us or not.
I mean, we have safer solutions than banks.
And smarter solutions.
But I just want to get the message out.
Don't do business with these big banks.
Just get them out of Bank of America and Chase and Wells Fargo.
Like, these banks, they don't really even stand for our values.
They believe in the ESG movement.
They believe, and ESG is really just a fancy word for the LGBTQ movement, in my opinion, and the Green New Deal.
It's like a hybrid.
Because if you look at ESG, they want to promote their own ethics.
Well, the problem is that their ethics are not aligned with their ethics.
So it's disgusting what they're doing, what Joe Biden wants to do with 401k mandates.
On ESG, he wants like 20% mandatory allocation of all 401ks and IRAs.
No, I'm sorry.
All 401ks and IRAs are separate.
All 401ks mandated to ESG. Disgusting.
Hey, a little fun fact here while I'm just kind of speaking off the cuff.
Texas, really cool state.
I call it my cousin's state because I'm here in Florida.
Do you know that your wedding ring...
Your wedding ring, your car, your home, and your retirement IRA accounts can never be taken from you in the state of Texas.
This is one reason why we do a lot of our custody in Texas for all of our clients.
We love that rule.
We love that law.
But if you want to know more about protecting your principal, having access to your funds, and getting the right thing that honors what you believe in, give us a call at 813-448-3446.
813-448-3446.
This podcast, just to summarize, I just wanted to let you know that the volatility index alarmed us.
Alarmed us last week when it hit all-time low and that we spoke about it on this show.
Boom.
Next thing you know, market meltdown.
Three banks shut down.
The new Fed Now program's coming out.
The CBDC is here.
Is here.
I think the most vulnerable people with the CBDC, it's going to be optional right now.
For now, it's going to be optional, just like the vaccine.
It will be optional, but eventually they're going to try to force it to try to make you comply.
Keep on buying your precious metals, cornerstone.
Use your greenback dollar.
Go smaller bank, not bigger bank.
The bigger banks are just as vulnerable just because they're too big.
That doesn't mean jack squat.
All the bank stocks as of May 2nd, 2023 are down.
They're only down 3%, 4%, 5%, but they're down.
And if you want to track the big banks, look up UYG. That stock is also down too today.
It is the double of the financial sector.
One stock that I'm looking at is TZA. I'm not recommending it.
I'm just looking at it.
Because TZA is three times a Russell 2000.
I believe technology will also get a hit as we go into a recession, full-blown recession going depression.
And they keep on printing money.
Guys, they're trying to force us into a depression.
So that we have to set the ways of the government.
There's going to be many of people, maybe listen to this podcast, hopefully not.
There's going to be many people that are going to conform to the government financially just the same way they conform to the jab.
I need for you guys to stay strong, man.
Stay in that word.
Stay in that word.
Don't be afraid of a financial meltdown.
If you are taking our principles to heart, giving us a call, and preparing, you have no reason to fear.
You have confidence.
Because we plan for this, guys.
We don't fear.
We just plan for it.
You've got to plan.
You've got to plan.
The Word of God literally says, blessed is a man that seeks counsel.
We are financial counselors here.
We want to make sure that you are informed and educated.
Give us a call.
we have a covenant process that will help you navigate through this Luciferian takeover of the CBDCs, implementation of the CBDCs, so that you don't become victim of this nonsense of the next big bail-in or bail-outs, I would say.
There's no more bail-ins unless you're yelling.
She can break the law and bail out banks whenever they want.
It's like the government is in bed with all the banks, And they're like, hey, FDIC, another bank goes bail out.
We can't afford it, but one of you four banks, why don't you guys do it?
And let us know before the weekend.
Oh, by the way, when you hear bank bail-ins or bank bailouts, I would say, it typically happens on a Friday.
So let's see what this Friday holds.
All right?
They're not going to do it midweek because FDIC needs a few days before the start of a banking week to find if they're going to Have it in receivership or find a third party that's going to take them over and buy the toxic assets.
But hey, the UK is laughing right now, man.
They are scooping up banks by the dozens as they fall.
The HSBC made $14 billion off of SVB. Look that up.
Pretty interesting, right?
So, they're making a kill-in by shorting and taking those toxic assets and making it favorable to them.
They're very smart.
But we're going to start to see.
This is not going away anytime soon, guys.
This is not going away anytime soon.
So you need to protect your money.
This is why I like insurance contracts.
Because we don't even invest in the banks.
The bank depository laws.
There's no credit risk.
There's no interest rate risk.
In order for an insurance company to be around...
They have to have cash reserves, and a reinsurance company has to have cash reserves.
And if the dollar crashes and devalues, they still have to protect it for equal or greater value.
It's insurance on your money.
We are not going to fear, guys.
I just wanted to tell you about the uninsured deposits, the VIX, KRE, how it was down 33%, and the uninsured deposits, like the big banks that actually failed, had anywhere from 89% to 94% of their assets in uninsured deposits.
So keep in mind, if you're looking for a bank to invest in or to have your money in, Seems like, make sure they don't have a lot of uninsured deposits.
That's the trend right now.
Go into my scriptures, guys.
Ephesians 1.7 That the God of our Lord Jesus Christ, the Father of glory, may give you the spirit of wisdom and of revelation and knowledge of Him.
It is my prayer that as you become more Open to what is happening.
Opening your eyes.
What I mean by that is, as you're going through the pain of what is going on, while America's hurting, the cross is bleeding, everything is like, there's a lot of doom and gloom.
And I don't like the negative energy.
You guys know that.
But we need to convert that negative energy into seeking God's face.
Ephesians 1.17, that the good of our Lord Jesus Christ, the Father of glory, may give you the spirit of wisdom and of revelation in the knowledge of Him.
God just wants you to acknowledge Him.
And more importantly...
He has all the wisdom.
So just completely ask Him.
And so, James 1.5, one of my favorite verses, If any of you lack wisdom, let him ask God, who gives generously to all without reproach, and it will be given to him.
So if you want wisdom, all you have to do is ask Jesus, God, Lord, I pray for wisdom, strength, peace, sound mind.
Lord, please give it to me.
It cleans my heart.
These are ritual prayers that you guys should be praying as we go through this financial depression, a turnover of the U.S. dollar, a turnover of the unknown.
But the cool part is, it's not going to work.
Have faith.
This Luciferian agenda is not going to work.
At the end of the day, they've got to bow every tongue that has breath.
Well, praise the Lord.
They will have to bow down to the authority and the glory of Jesus Christ.
So, let's stand firm in our faith.
Isaiah 11, 2.
And the spirit of the Lord shall rest upon him, the spirit of wisdom and understanding, the spirit of counsel and might, the spirit of knowledge and the fear of the Lord.
Isaiah 11, 12.
Boom.
Like, God has us in His hands.
Don't forget that.
He will never leave us.
He will never dismay us.
He just wants us to have the knowledge and wisdom and to seek counsel on what to do today.
All this is a test.
God wants to test our faith, and He's doing that by crashing the dollar, crashing our country.
We love our country.
But what if He takes it away?
What are you going to do?
Are you still going to honor God?
What if He just...
Makes you homeless.
Everything that you have is a blessing.
You're not entitled to that.
But what if God says, we're going to just take it all away.
I'm going to strip you of everything so that we can focus on him.
Maybe you're like my friend Brian.
Literally is dying of pancreatic cancer, lung cancer, and several other cancers.
Last minute, it spread out through his body.
The doctors are saying a few days and that's it.
You can go to his GoFundMe and see if you can help him financially if you want, but more importantly, other than financially, I just ask that you can pray for him because he's getting that message right now that all this can go away.
God cares for your heart.
He wants your heart.
I hope this podcast ministers to you, educates you.
I see all the comments.
I could care less what you guys say.
I read all them though, but there's just so many trolls.
At the end of the day, this podcast is about reaching out to the lost.
And I am just grateful.
I'm grateful that I'm alive to have a platform where I can still talk about the cross and be myself.
So, I am very passionate about what I do.
If you need help in your retirement, we're not perfect, but we only want to work with God-fearing conservatives.
We don't want to work with panic clients that are fear-mongered and this, this, and that.
Oh, I read this, I read that, and blah, blah, blah.
No, no, no.
We don't want to work with that.
We want to work with sound mind.
We want to educate you.
We want to give a lending hand to you.
Give us a call.
Let's see if we're a good fit.
813-448-3446.
I myself will be able to help you or one of my awesome consultants will be able to spend as much time as you need.
And we'll go from there.
Don't forget our sponsors.
I want to talk about SwitchMyProductsUSA.com.
It is a self-sponsor.
We want to make sure that we're not sending our dollars to people that promote the ESG, the LGBT, the woke agenda, China.
We want to do business with God-fearing companies that love God-country and family.
Switch My Products USA. You can learn about it.
Go check them out.
There is a 20-30 minute webinar you can watch on how to shop and how to buy these things.
It's a great alternative to Costco.
More importantly, I'm really excited about the beef.
There's no hormones, no vaccinated cows, no mRNA injected meats.
Go to Switch My Products USA. Watch the 20-30 minute webinar and find out if this is a shopping wellness program that you would like to be involved with.
All you got to do is follow the prompts and someone from my team will reach out to you.
With that being said, if you want great waters, then go to AmericaFirstWater.com.
Guys, I'm out of here.
It's been awesome.
God bless you guys.
And don't forget, if you have any questions, you can email us at info at CortezWM.com or book an appointment at CortezWM.com.
You can also download our guide at AmericaFirstRetirementPlan.com.
God bless you, and I'll see you next episode.
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