All Episodes
Previous Next
Nov. 2, 2023 - Stew Peters Show
31:40
Scriptures And Wallstreet: 100 Billion Dollars Exit The Banks
| Copy link to current segment

Time Text
Thank you.
Thank you.
Hey, guys.
Carlos Cortez here.
Hope you're doing well.
Thank you for tuning in for another episode of Scriptures and Wall Street.
Today, $100 billion exits the U.S. banking system.
People, businesses, individuals, families, literally in the past three weeks, over $100 billion have exited the financial system.
Guys, if you've been listening to us for any time, We've had multiple, multiple podcasts on bank failures and bank depository situations and you don't really own the funds in your bank account.
We've talked about this literally this whole past 12 months.
So I'm not going to say I'm sorry.
If you've been watching us and you didn't do anything, you should have done something.
But it is evident right now.
It is evident.
Just to have a discussion on it, when you have $100 billion that people are withdrawing, banks are going to go belly up.
Rising interest rates, it is just common sense.
So I don't know if you've taken the information and acted on it, but you can read between the lines.
By the way, I have to say my legal disclosure here.
Everything on this podcast is for educational purposes only.
This is not investment advice.
If you would like investment advice...
Reach out to us at CortezWM.com, or you can simply call us, 813-448-3446.
But you can go online and book an appointment, answer a few questions.
That way, when we spend our time together, it'll be very productive.
But yeah, it's time to get out of the banks.
We should not be having all of our life's net worth in the banks.
So, as you dig deep into this $100 billion withdrawal of the open public, where did this money go?
What are they doing with it?
What is it that they know that I don't know?
Right?
So all these questions start to come up.
And digging deep into it, here we have the Federal Reserve Economic Database.
Remember I said the charts don't lie, guys.
We always want to trust the charts.
Anyways, the charts here, if you look at the FRED report, the Federal Reserve Economic Database reports, and this is a governmental website that literally 100 billions have been withdrawn from the banks.
But Yellen and Powell seem to say, hey, we are...
We are basically sound and resilient.
Do you really think the banks are sound and resilient when you got a hundred billion dollars exiting the system just in three weeks alone?
People are sick and tired of losing money in their banks.
They're paying to have bank accounts or they're getting little interest rates.
And these interest rates, they're making a killing.
I mean, they're making a killing off your money.
So what they're doing is they're loaning out the money because they have the right to.
They collect the interest on that loan and they give you peanuts.
And so when you purchase a certificate of disappointment or certificate of deposit, You literally are given the rights to the banks to lend it out and make money off of your money while you get your 4 or 5%, which is normally that's out of this world because normally it's been 1%, right?
If that.
And now interest rates have shot up through the roof.
And inflation is...
We feel like we're in a hyperinflation.
I don't want to say the word hyper because Zimbabwe experienced true hyperinflation where their dollar didn't mean anything as well as Venezuela.
We're not there yet.
I feel like we can head there, but we're not there yet.
There will be all-out war, bloodshed on the streets if that ever happened.
So...
Yeah, so we have, you know, the Federal Reserve Economic Database literally...
Literally just on track of what we've been saying all year long.
Banks are not safe.
You should only have 6 to 12 months.
If you own a business, maybe less than a year and a half worth of operating expenses.
The rest needs to be in alternative investments.
Or if you need liquidity, open a brokerage account and you could have the ability to use private banking inside your brokerage account.
You can get a checkbook, a debit card, that can be your link, and you'll have access to it.
So pretty amazing.
If you're interested in that, give us a call.
We'll help you with some private banking solutions that are available to you.
The other thing is that money markets went from $238 billion to $5.1 trillion.
So they've gone out of the banks, but they've also put in money markets.
So that has shot up literally...
Like, 45%.
The other sad part, because of the high-rising inflation, because people are taking their money out of banks and finding better yield elsewhere, is the 401k withdrawals.
Because of inflation, there has been 36% of you has called your 401k provider and done a hardship withdrawals.
Hardship withdrawals, you basically have to prove that you're going through a hardship.
And most 401k carriers, it is a stringent process.
So that and alone to process a hardship withdrawal is a pain in the butt.
But now we have it since the last quarter, since the second quarter, going to the third quarter, it's been reported that we have...
36% in uptick in 401k withdrawals.
They're literally taking over a third of their retirement just to live today to keep up with the cost of food, cost of inflation, cost of entertainment, cost of insurance, cost of everything.
It's just nuts.
You wake up and you're already paying money.
Like, brushing your teeth, toothpaste, all this stuff, man.
Like, you use the water.
The water is shot up like crazy.
And people are attacking those 401ks.
So, it's a sad story.
It's a sad story that we all go through.
That we have savings and people are depleting them.
Basically, this is just the repercussions of an idiotic administration that we've had.
And it keeps on getting worse.
I know I'm preaching to the choir here, but I just like looking at the charts and actual facts and creating our own opinion.
So where is this $100 billion?
Where is it going?
You might ask yourself.
I thought that was a really good question.
So I looked it up and did some more research.
A lot of it's going to crypto.
A lot of it's going to crypto.
They see Bitcoin shooting up.
There's a golden cross right now, as you see here, on crypto.
And it's just going up.
So a lot of the younger generations are investing in Bitcoin and XRP and Ether or Ethereum.
And all other smaller projects like Solana and what was the other one?
I mean, there's so many of them.
Just smaller mega caps, I would say.
Alternatives.
But I'm not here to recommend crypto.
I'm just saying people are buying more into crypto and the price is showing it.
And Bitcoin literally just shot up this whole, just in three days, shot up over 28% just in three days.
And typically what happens is there's a winter season, a winter rally, and then there's a spring kind of like...
Downward spiral, but in 2024, they have a halving, so you probably will see Bitcoin continue to rise as people are not trusting the banks and as businesses are getting smarter in accepting cryptocurrencies.
The government wants to cancel out cryptocurrencies because they don't have any jurisdiction on it.
They can't print it.
They can't raise interest rates.
They can't monetize it.
And so the declassification asset, they want it in a system they can regulate.
So if they have a FedNow program attached to your bank, they have...
They have rules that they're trying to make just a constitution just on digital assets alone.
So, I get the question, should I invest in Bitcoin?
What do you think about Bitcoin?
I personally like it.
You have to be careful who you buy it from.
Don't get scammed like I did.
We bought Bitcoin from a hedge fund and that hedge fund was fraudulent.
A lot of scams around buying Bitcoin only deal with the exchanges.
The exchanges.
That's it.
And make sure that they do have...
A actual location.
And they can actually put money in and out of your bank account.
So I'm not here to recommend exchanges.
But the other thing is you've got to be careful that you do not stow away your crypto in exchange.
Because if that company goes belly up, your exchange is gone.
Like there's nothing you can do.
So you want to...
You basically want to get a cold wallet and store your digital assets in a cold wallet and keep it safe.
And don't lose those passcodes.
So, anyways, the hyper-digitization of the financial world is obviously coming into effect.
It's here.
Technology is, I mean, whether you like it or not, it's going to get worse.
Apple has now come out with Apple Vision.
And you basically look like an alien wearing these glasses.
And it's called Apple Vision.
And you wear these ski-looking goggles.
And just with your retina and your hand movement, you can open up a browser and start searching things as you're looking ahead of you.
So how far is it where it has...
AI is sensing your retina and sensing your thoughts and it's pulling up things that you're thinking and locations.
I mean, this could be a really, really bad thing if an addict can't stop looking at pornography or a person that suffers from Alcohol, and now he could just say, hey, where's the closest bars?
Or just think it, and where's the closest bars?
And he's there.
Or what if somebody has a drug station, drug addiction, and they can just think of what's closest gas station?
Like, I mean, I don't see how this is a good thing.
Our bodies are not naturally ready to have that exposure to radiation.
The other part of it is like, If they can control our thoughts and what we're thinking, imagine the captivity they would have just by sending out certain traps.
They literally can control the mindset of everybody.
In Project Paperclip, we know that's possible through major media exposure.
But yeah, the Apple vision, I'm not a big fan of that because eventually that's going to get tied into a social credit score.
That's going to be on a blockchain.
And the whole goal is what, guys?
To track, trace, and what?
Control you.
That's the end game here.
They want us all in some JD Helm concentration camps to enforce a social credit score so they can track, trace, and control you.
And one way they know we can do it, they can do it, is through your money.
Be very, very careful when it comes to just having all your assets in the banks.
I really don't think you should have more than 6 to 12 months in a bank, and that bank should be a state charter bank, not these big, big banks.
Even smaller banks can be even dangerous because if they don't have enough deposits that are going in, there's no way they can stay solvent.
You've got to find the middle of the road.
Hey, let's look at KRE. You guys know that I love this stock.
Literally down 38% in one year.
Holy smokes.
And there's a death cross on it.
Yeah, there's a death cross on...
On Thursday, September 21st of this past year.
Death cross.
It looks like another one may be forming.
And it's gone down since that death cross indication.
It's gone down from 42 to another close to 7% of 39.36 right now is trading.
Guys, man, this is...
I mean, I don't want to fear monger, but these are the charts.
The charts say it all.
The FRED database with the Federal Reserve Economic Database basically says, hey, there's people bouncing from the banks.
They don't even trust it.
CNBC, woke media CNBC, is reporting $100 billion gone from the banks.
So, you know I like solutions.
We have a covenant process, as you guys know.
Do I believe in precious metals?
Yes.
Yes.
I believe you should have some because it is great run for the hills money.
It is money that you can liquidate internationally.
It doesn't matter where you're at.
Everybody accepts it.
I just get very, very nervous when we talk about When we talk about putting our whole life savings into these puppies.
These are gorgeous.
Look how shiny these are.
These are amazing.
So these are one ounce troy ounces.
They actually have Bible scriptures on them.
So they're very, very affordable.
Silver right now is trading at like 23.
So not a lot of money here.
And so you need a lot of room to hold silver.
But silver, tangible silver is great.
It's an industrialized metal, so it's not controlled by the government.
The government already took the gold back, you remember?
Twice.
And they haven't done it with silver because it's an industrial metal.
Gold is considered a currency.
And a tier one currency, so they can kind of control it.
And impose fees if you don't return it because the government controls the gold.
Some people don't know that, fun fact.
But yes, $173 billion to $17 trillion.
The banks lost $100 billion in deposits.
So, the solution is...
We want to make sure that we have money outside of the banking situation.
We like insurance contracts because they're not in the banks and you're protected by insurance law.
We like precious metals because, again, you're not in the banking system and they're not really traceable if you hold them tangible.
And you can liquidate portions at a time.
We recommend if you're going to buy some, definitely buy some sporadically, not at the same time.
And so a third, our covenant process is a third into precious metals, a third into insurance contract that grows with inflation and also the index, and a third into managed money.
That way you need liquidity, or you have liquidity, and you have the ability to get money in and out.
Anytime it hits right your bank account, right then and there.
But we recommend Cornerstone, Our friends over there, they do a great job of delivering precious metals, not just silver and gold, but palladium as well.
They have all types of metals.
You can call them 888-747-3309.
Let them know that I sent you.
And yeah, that's how you can support our show as well.
So, what do we do?
Well, let's have a conversation.
Just give us a call.
813-448-3446.
And let's just see if we can even carve out money to a safe money bucket.
When you have insurance companies protecting your money, it's a whole other ballgame.
There's no solvency here.
Typically, there's a lower rate for solvency issues.
Because they're state-ran, they're state-chartered, and they are very strict on the reserve requirements.
Banks, they only need 1-2% of your money in a reserve account.
Whereas insurance companies, if they're A-rated, they need over 93.5 cents to your dollar in reserves.
And they must have a reinsurance company reinsuring those funds as well.
You want to make sure you have insurance on a good portion of your retirement.
I think the markets are going to go down.
There's death crosses on all the indices.
New York Stock Exchange, the S&P 500, the Russell 2000.
The NASDAQ is forming one right now.
And it's scary.
The markets are going down.
It's only scary if you're in mutual funds or you're in transition of changing brokers or you're just a sitting duck in stocks and expecting for the best.
There's no reason to be a victim.
Right now is a good time to be in treasuries and cash.
Straight up treasuries and cash.
It's really not that hard.
Every money manager I've spoken to, they're all in treasuries.
Of course, it's not investment advice, but you understand.
The bad side about treasuries is you're only going to make whatever those yields are.
Right now, they're paying anywhere from 4% to 5.5% minus whatever investment advisor fees you're paying.
Here's a chart of silver.
We talked about crypto.
People are buying precious metals.
I recommend that you reach out at Cornerstone at 888-747-3309.
A little bit in precious metals and a little bit in insurance contracts.
People are buying real estate.
The problem with real estate is There's going to be a massive, massive decline happening here shortly because buyers are not going to be able to get mortgages for real estate because there is $400 billion that are coming into fruition.
So part of this article of the $100 billion is the future financial strain of commercial real estate loans.
They're starting to wake up.
They're like, crap, we don't think our bank could afford another financial hit.
So let's just do a little bank run.
So this has been a quiet, slow bank run.
A three-week bank run.
$100 billion have left the banking system.
And they've all gone into precious metals, crypto, hopefully some insurance contracts because they're just more stable.
You don't see insurance companies going belly up like you do banks.
So we have all the contracts.
We work in pretty much all the states except for Hawaii and New York and Puerto Rico.
You guys are way too woke for us, man.
So, I mean, their state ran.
And they don't like...
They don't like certain products out there.
But yeah, I wanted to show you silver.
Let's pull up this chart on silver.
There's a touch and go pattern here, which basically is a market manipulation.
And the banks do.
You see how it...
See how it...
This green...
Let me pull it up.
Okay, so you see, if we zoom in here, you see these two green bars on the right-hand side where it was ending.
You see how they're equivalent?
They're like twin candle bars.
Anytime a stock generally, the technical analysis says that, anytime that it goes back and hits that certain resistance point and it creates identical candle, 60% of the time it has a bearish downward spiral so this is going to go down and then how we confirm those numbers if overall there is a trend so if we zoom out there is a trend that since the
lower new lower lows started way back in April And so the market structure basically tells us that, hey, this thing is going down.
So you can basically bet your butt that the silver is going to go down possibly, possibly, I would say to $21, I would target, but definitely to $20.
And I want you to understand that there's market manipulations out there.
Gold is going up.
Silver is going down.
Here's the chart.
This is not political opinion.
This is not BS opinion.
These are the charts.
You may not agree with them.
That's okay, too.
But at the end of the day, it's my job to let you know, hey, it's going down.
And anyone trying to pressure you into precious metals, be very careful.
Because the chart doesn't lie, man.
Yeah, so I just want to warn...
Just want to sound alarm here.
$100 billion have left banks.
We have $400 billion in commercial real estate loans that need to be refinanced by the end of this year.
And the banks, I don't think they're ready.
I don't think they're ready for what's about to come.
Contact us.
We want to help you protect your principal.
There's multiple, multiple ways we can do this.
But hey, I wanted to take a few minutes to just acknowledge my wife.
I love you.
Thank you for dealing with all my baggage I bring to the relationship.
But I did get a chance to do a date night and wanted to share some pictures.
So we have a thing going on where I have a weekend, she has a weekend.
She can't tell me what the date night is.
She can only tell me how to dress.
I can't tell her what the date night is.
She has to come, and it's supposed to be spontaneous, fun.
I could only tell her how to dress.
Like, hey, if we're getting muddy, wear athletic gear.
We're going to a nice dinner, wear your heels, do makeup, your hair, whatever you want.
And then, you know, sometimes we're bringing a bag, a clothes to change, because we're going from a physical activity to a nice restaurant.
Or something of that nature.
Anyways, I had a date night with Sally and my wife.
Obviously, we did dinner.
We did bowling and axe throwing.
Let me see if I can do it again.
I didn't hit the target.
I hit the ring outside of the target.
It was totally fun axe throwing.
They had these really cool t-shirts.
If you run out of ammo, you can always throw an axe.
I thought that was awesome.
Date night was really cool.
I highly recommend, guys, you stop and smell the roses.
Be intimate with your...
Spouse.
Like, when we got married and have kids, we used to open a door for your lady, right?
We used to write I love you cards.
We used to try spontaneous spots that we've never been to.
And if we don't like it, then we don't like it.
And we talk about it for years to come.
Or if we love it, we're going to talk about it regardless, right?
So just having that spontaneous date night is so huge for your marriage.
And if your marriage is on the rocks or if you're struggling, try it.
Spend time with your spouse.
Also, one of the other things you guys know that on the weekends, I have to...
I have daddy dudes.
I have my girls skating.
And Jacob, as you guys know, Jacob started skating, I wanted to say, earlier this year.
Maybe in February.
But now he's learning to play hockey.
So here's Tampa Bay Lightning.
This is one of the NHLers just looking at Jacob, instructing him.
But look how adorable they are.
I mean, it's so funny to see them lined up because they can't really skate well.
And when one falls and they line up, they all fall and all domino effect.
It's the cutest thing ever.
But there's Jacob.
I also just wanted to say Happy Pastors Day to my parents.
They've been ministers for over 30 years.
They love what they do.
Hopefully I can get my dad to retire soon and move to Florida.
That's the goal.
You guys remember I bought him a car earlier this year, which was pretty cool.
I think we should just cherish each other more.
We should show gratitude to our parents, our wives, our children.
Because that's how you stop Satan.
You start claiming things that you love, you enjoy, your gratitude, and you're protecting that of your appreciation.
So I really believe gratitude keeps things in perspective, keeps you honest about what you're really grateful for, so that way Satan doesn't try to take it away from you.
Um...
So yeah, we had a great weekend.
I really appreciate you watching this podcast.
I do want to give a shout out to my sponsors, which self-sponsor CortezWM.com.
If you would like retirement planning, if you want to have a second opinion on your annuities, on your managed money, on your life insurance, on your investments, it does not matter.
If you want a second opinion on what's really going on, give us a call at 813-448-3446.
Also, My favorite time of the year, it's fall.
SwitchmanProductsUSA.com, you can get amazing chapstick, you can get amazing cleaner, home fragrances, protein bars, shampoo, colognes, amazing beef that is not inoculated with mRNA hormones.
Shipped right to your door.
Switch my products to USA.com.
Great company that's been around for a very long time.
A-rated.
And more importantly, they love God and they love this country.
And all their products are non-toxic, made in America, other than their eyelash.
Anyways, I'm out of here, guys.
I just wanted to say thank you so much.
And don't forget to click, like, and subscribe.
God bless.
▲
Export Selection