Lobo Tiggre: Powell Admits More Small Banks Will Close

Liberty and Finance, Released on 2/10/24

The powers that be know that there is more trouble lurking in the banking system, says the Independent Speculator Lobo Tiggre. Fed chairman Powell has stated on a recent 60 minutes interview that “certainly” there will be merging and closing of some small banks, but the situation for larger banks is “manageable.” While it may not be a repeat of 2008, Tiggre believes the situation is significant and is likely to push gold prices higher.

Powell’s interview on banking system: https://www.youtube.com/watch?v=uNEoTlDJGxk

0:00 Intro
1:36 Powell & Yellen speak
4:38 Economic data
9:03 Bank Term Funding Program
13:00 Gold & Uranium
23:37 Gold’s mainstream attention
30:10 Independent Speculator

Adrian Day is the president of Adrian Day Asset Management. Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

Lobo Tiggre, aka Louis James, is a legendary speculator and was Doug Casey’s protégé at Casey Research for almost 14 years, until early 2018. He joined the Casey team in 2004. By 2007, he was writing and making investment recommendations in Casey’s flagship newsletter, the International Speculator. Now he brings his experience, his connections and his deal flow directly to you, without the barrage of marketing hype used by larger publishers. He is now the editor of IndependentSpeculator.com.

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