David Sacks: The Banking Crisis Is Even WORSE than You Think | Ep 178

The world may be on the cusp of a serious banking collapse, but many “experts” in the government are insisting that everything is fine (while also moving us closer to a central bank digital currency). On this episode of "The Glenn Beck Podcast," “The Diversity Myth” author David Sacks warns that the banking crisis is even WORSE than you think. As the co-host of "The All-In Podcast," a founding COO of PayPal, and a venture capitalist, Sacks has seen how our “weird” banking system works up close. He gives clear answers about how we can survive this crisis, including why we must have “NO bailouts for banks.” He also breaks down the biggest questions being asked: Who owns our money? Is a Federal Reserve-controlled CBDC the endgame? Who’s to blame for this banking collapse? How will the everyday American be affected? Glenn and Dave also discuss AI, his friendship with Elon Musk, Biden’s reliable incompetence, whether we’re living in a simulation, whether we’ll end up in a war with China and Russia, and why he thinks we WILL figure out who bombed the Nord Stream pipelines.

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[TheDude]

I love how people keep pointing out what corrupt people are doing as if its by accident or from stupidity. Instead of pointing out what corrupt people are doing on purpose.

[Deanswain]

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400, 000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

[liberty-matrix]

"We are rapidly approaching an era where people vs government becomes a worldwide phenomenon." ~ John McAfee

[dutchess]

There was no sleeping at the wheel. These people know what they’re doing the entire time they’re doing it.

[denisejackson]

I agree 100% with Mr. Beck. We all need to stand up for what is right .

[iddddaduncan]

The whole system died in 08, we've been on life support since, greed made us think it could go on for ever.

[liberty-matrix]

"It's just like COVID, all these 'experts' don't have a clue." ~David Sacks, 03/25/2023

[LawrenceCaldwellAuthor]

"Failing..." You are very generous. These people are not failing. They are succeeding at exactly what they're on about. Wake up! These people are the enemy.

[hickorylanefarms]

“It’s a BIG CLUB and you ain’t in it!!!” -George Carlin

[paulrevere]

It's a bankers job and responsibility to insure that a depositors money is secure, if a banker loses that money, that banker should pull 30 years in a Federal prison, no matter the 'excuse' the banker claims to say it wasn't their fault. I'm betting that most if not all of the money would be there as it's suppose to if that were the case. All the government did was give the SVB bankers a vacation by firing them, they'll be back doing the same thing later...

[markstahlhut]

How many risky investments would these "bankers" make if they didn't have corrupt politicians bail them out????

[bille]

This is on purpose to mandate
Fed Now CBDC....COMING EVERYWHERE THIS JULY 😩

[donaldmoore]

There needs to be prison time for bankers not taking care of depositors money.. I also feel very strongly that our congressman, senators and President should not be above the law and should bear the punishment for not doing their sworn duty…. Protect the constitution!

[michelerucker]

They are not asleep at the wheel! They know exactly what they are doing!

[amytrumbull]

How long until Glenn is willing to say that this whole thing is a deliberate? It’s like they’re dancing around the subject when it’s just so plain to see the larger agenda worldwide. These things aren’t results of accidents or incompetence nor are they inevitable. It’s part of the plan.

[judyhudson]

You're right the anger is rising up. I see it everyday and I hear it from the people I talk to daily. Heads will roll and that will be their only desire for restitution.

[thomasmcqueeney]

Like Biden even has a clue to what is happening to the economy

[mac]

Higher interest rates only transfers wealth from the middle class to the upper class. This is how Central Banking works.

[cdfficile]

Please invite Edward Dowd. He is ex-Blackrock Fund Manager and author of the book “Cause Unknown”.

[postscript]

U.S. banks are NOT required to hold ANY reserves. This is insane, ridiculous, dangerous. (Reserve requirements used to be 10%.)