Banks, Hedge Funds, & Insurance Will FAIL | Bob Moriarty

Liberty and Finance, Released on 6/3/23

The IMF announced the Federal Reserve will need to keep interest rates high for longer to cool inflation. High interest rates are putting serious strains on the system, says Bob Moriarty, marine, naval aviator, and financial author. He believes more banks, in addition to hedge funds and insurance companies, will fail due to these stains. We’re headed towards a crisis worse than the Great Depression, he says.

0:00 Intro
2:04 Interest rates
4:10 Insurance companies
6:18 How bad will it get?
10:59 US debt
12:12 Japan’s debt
14:14 US dollar vs BRICS
20:09 Holding gold
21:19 Gold depository
24:00 Silver during recession
28:49 Moriarty online
29:44 Dog story
32:10 Miles Franklin

Bob brought to the Internet almost 14 years ago. They later added 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.

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