Liberty and Finance, Released on 5/6/23

Regional banks are now in the spotlight as the banking crisis continues. As interest rates have risen, many banks have become insolvent. Bob Moriarty says hundreds, possibly thousands, of banks could fail. He believes depositors should not count on the FDIC to guarantee their deposits, noting that even if the insurance does pay out, the payout would be in devalued dollars.

0:00 Intro
1:54 PacWest & regional banks
14:46 T-bill rates
15:30 Relative risk
21:20 Gold & silver
23:10 Gold-backed currency
29:00 Dog story
33:10 Bob Moriarty online
34:21 Miles Franklin

Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.

  bank failures, banking crisis, Bob Moriarty, financial crisis, gold, silver