PREPARE! Jim Rickards: 'TAKE YOUR MONEY OUT OF THE BANKS' Warning on 2024 Banking Crisis

Jim Rickards says that Global Liquidity crisis is coming where the Big Banks, Hedge Funds, and other institutions needs US Dollar in order to cover their collateral needs against their derivatives positions.

What will happen when there's no dollar or the dollar is too expensive? Jim Rickards predicts that someday one big banks or big institution will collapse and it won't be pretty.

James G. Rickards (29 September 1951) is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals.Thanks for Watching Plain Finance Reborn, share this video to your friends if you find it helpful. Subscribe to our channel for daily videos on Investing, Economy, Finance, Stock Market, Building Business, and more.

[Eddie-]

Gloom and Doom people have been telling me to take my money out the bank since 2016..

[DimitriYanez-ljgj]

I dont understand the 7 trillion discussion of the fed printing money, Goldman Sachs sells bonds to the fed and gives the money right back to the fed.
Why, for what purpose?
And is this added to the debt, eg, the 34 trillion number?

[johnboettger]

It's Uncle Jimmy wait, here it
" T H E D E F I N I T I O N O F A R E C E S S I O N