TND Podcast Spotlight: Wall St. For Main St.
Jason Burack of Wall St for Main St did a short video looking at the charts of the financial sector ETF (XLF) and individual bank stocks like Citi Group and Deutche Bank. This video is about how many large bank stocks may be on the verge of collapsing while the mainstream financial media, like Barron’s, tells Main St that now’s the best time to buy bank stocks! LOL.
Due to fractional reserve banking being inherently unstable, banks according to Von Mises and Rothbard are chronically (different degrees) of insolvent even in good times. During, bad times, all banks are insolvent to different degrees. This is because the Federal Reserve allows banks to get away with this. End the Fed!
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