Jim Rickards: For God's Sake Listen! 'TAKE YOUR MONEY OUT OF THE BANKS' 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.

[tinytony]

Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28k every single week. I truly value Lee Davis, and him helpful guides.

[bryonricketts]

I ain’t got no money to take out of the bank!!

[Barneybouncing]

I hope this ages well, I'm no longer confident in my strategy following the recent happenings. I'm approaching retirement with comfortable millions. How do you advise i protect my cash reserve?

[colnando]

Everyone knows it's gonna crash, and probably big time...but nobody knows when

[FJMay-jxhr]

For how many years did we hear this? come on man.

[ronraskind]

I would suggest listening to this guy as well as others. I tend to agree based on economic statistics and history that we are coming into some bad times economically. There are a lot of unprecedented things that have happened in the past couple of years. The thing is, you attack him for being wrong on the timing, but realistically, nobody can be that accurate on timing. It could happen this month. It could happen within 3 to 6 months. But I agree something is going to give. The stock market is at its highest point valuation-wise in our history. The banks have been in trouble for a while and the defaults are increasing. China's economy is tanking and what happens there tends to travel around the world ultimately. So I'd say be aware.

[Tons-zr]

Jim we had one month last month? What gives, this time? It's obvious it will happen after the Election of 2024!

[Ellie_Reid]

Last time it was going to happen by April

[cementhapavery]

Printing money. It's like cheating while playing Monopoly. A player enters the game with a secret stash of money from another game, then gradually buys all the properties and pays the fines easily, finally winning.

[billg]

I lived thru the 70s..and this guy gets it..but..if your poor knowning all this doesnt change anything

[boboharra]

Jim, You need to stop these false warnings.

[icky]

You can't just walk into your bank and take out your days are already gone.

[RussJAlan]

11:18 he said "...the fed is going to raise rates through the end of 2023". This was last year's video.

[JAY_LAURENCE]

This is a very good idea, because when a crisis hits, it will block all withdrawals from the bank. It will also block account transfers.

[teresahentry]

If the dollar is going to disappear and not be worth anything what difference does it make if we have it in our possession or if it's in the bank I don't get that

[userANKHZERO]

Box office Death pool and wolverine.... against Cassandra NOV -A ( NO V A) 😂

[ad]

I cashed out of the stock market last year. I just keep buying gold for some reason.😅

[testingperson]

This video is from 2022 or 2023. NOT this year (2024)
The headline is click-bait. Not valid for August 2024.

[coachgigi]

I just have always wondered how do you take your money out of the bank and then how to get your bills paid do you just go in person? Do you just take your cash and especially if you’re talking about large amount of money and I have put money in silver and gold . I can’t keep doing that if you need paper or digital to live .

[ds]

This video is in 2023 based on its content, wasted time watching in Aug 2024