The GREAT Banking Reset? | About GEORGE with Gene Ho Ep. 274

Speaker 1: 0:01

Now we're talking the dollar today. I did not say the Sarah, just Sarah. I don't know, maybe I just need to talk about it. Come on, let's do this about George with Gene Ho coming up. Welcome everyone to. About George with Gene Ho, and we are quickly closing into this weekend. Happy Thursday to you. A lot of stuff that we're talking about today and we're going into the holiday weekend. I'm telling you Thanksgiving, my favorite holiday, so looking forward to that next week. And next week we're going to have a bunch of new shows. So we're glad you're joining us today and I hope you're having a great week and looking forward to having a great weekend as well, but this Thursday so you know what that means with us we have Dave Blaise, the CEO of George magazine, and Rachel right side blonde, the executive managing editor of George. All right, good to see you both, by the way, good. I was wondering we're wondering Rachel, if you're going to wear red today. If you guys talked about it like women going into the restroom, you got to plan your outfits together. You know what I?

Speaker 3: 1:28

wore. I wore red. Yesterday, all day I wore a red shirt. So that's kind of funny. I just was a day one.

Speaker 1: 1:35

One day I'm going to punk you guys and then I'm going to wear a different, different outfit.

Speaker 3: 1:41

We're a hot pink, all right you know what.

Speaker 1: 1:44

Here's the other thing why don't you know that all that you know women's breast cancer thing, why do? Why do they got to always push that, like, ok, I get it is good, but then you'll like watching football or something. They're all wearing pink. It just doesn't make sense. I don't know, maybe I'm being not sensitive and I'll wear pink. I don't know what we know it was October was breast cancer awareness month.

Speaker 3: 2:08

So you're good now for a year. Yeah, ok.

Speaker 1: 2:11

Next, next year? I have to be unaware for the next 11 months. All right. All right, rachel, we're going to start with you because, first of all, I know man, seriously, guys, I know I can't bring it up because not this issue coming up with. The next issue after that is going to be we're about to interview someone big and I hate that because it's like, oh, I'm giving you inside information but I'm not, so I can't really say it. But it's going to be pretty good and Rachel is coming down to Arkansas for me, so you can just kind of get your wheels turning. But, rachel, tell us a little bit about George Jr that's coming out tomorrow, rachel.

Speaker 3: 2:50

Well, we're very excited about this one, because this is a certain someone named Cruises debut on the cover of George Jr as Nikola Tesla. And I don't know. Jean, do you know how snow was made? Do you know?

Speaker 1: 3:03

All right. So I'm man, I'm telling you like right now I'm just about I wrote all my social media posts because I'm bragging to all my friends on Facebook and everything. So my son, cruz, who's 13, posed as Nikola Tesla in that pose, and then Rachel with her crew of artists painted them into the cover. So I'm very excited and next Tuesday I'll show you what it looks like. So or follow me on Facebook. The reason I asked.

Speaker 3: 3:31

The reason I asked if you knew how snow is created is because you'll find out in George Jr if you don't know, so you can read that there's also activities. I think we always talk about the Constitution, the Bill of Rights and the Bible stories and those constants in George Jr, but we also have things like how to make a snow globe and how to make garlic toast. We want kids to be like creating things as well.

Speaker 1: 3:52

I like the garlic toast. I don't know how to make the snow globe. How do you? How do you get the firmament over the the snow? You just got to read I just got some more. I got more viewers. Just because that they are, the comments are going to go crazy. I was wondering. I don't know. I don't know. I'm just all right, dave, please, why we're all talking about that. Please tell us about the poll, that poll that's currently in George magazinecom. Dave, the floor is yours.

Speaker 2: 4:26

Well, in keeping with the snow. I just wanted to ask you guys this question why is it that the higher you climb on a mountain, allegedly getting closer to the sun, the colder it gets? So we'll leave that alone, all right? Do we have a picture of the latest poll?

Speaker 1: 4:50

All right, so there's a poll there. You guys got a vote. Now listen everybody that visits the website.

Speaker 2: 4:56

Please watch the little video before you vote Super important and then when you place your vote, as our network executive will do any second now. Ah, there it is. So, as you can see, the majority of our readers are saying that the message that was in the little envelope is saying that George H W Bush left them a little note that says they know everything. Then there's something else that's on the rise, so we'll see what this is all about, but this is a very interesting poll. People forgot about that envelope and we're bringing it back to the forefront.

Speaker 1: 5:36

Now, who was it who got the bright idea to put it was an invitation to a Trump rally, because I can't believe people are actually voting for that, just to punk us and say, oh, it was an invitation to a Trump rally.

Speaker 3: 5:47

I thought it really could be an invitation to a Trump rally. I thought maybe Trump was just being nice and invited them all to his upcoming rally.

Speaker 1: 5:56

He put it on his. He put it on one of the because I'm starting to see it like it's. Listen, I'm going to tell you, a lot of people follow what we do. I'm just going to say it like that. So what? We, we are moving people in the right direction because people start talking and posting again and reminding people that Trump put that video in his campaign video. So it's pretty interesting what's going on here. All right, let's start, let's talk. It really is. I mean, who knew that? That an independent magazine could have that much influence on the world? And it's trust me, man, it's going to get even bigger. All right, now let's talk a little bit about Dave's favorite subject here, because I know that I'm a person that's like, oh my goodness, the banks are going to fail. But I'm telling you, I think there's a conspiracy, and let me tell you why. Rachel, in her show, just talked about five banks in Iowa. It was all in Iowa, rachel.

Speaker 3: 6:55

Or just some of them. One this is the fifth one this year that's failed, and it was in Iowa, so they've like Silicon Valley in California. So yeah, it's all across the nation.

Speaker 1: 7:05

Okay, so I watched this on Rachel's show where she brought this out, and I'm telling you, when I was doing the show and I'm going on YouTube to find, you know, news, mainstream news articles, I couldn't find one, except for this one from six months ago.

Speaker 4: 7:22

Anyway, Greg roll it. We got to check again on shares of First Republic. The shares fell to a record low in today's session and guess what? They're down another 33% in after hours trading. Reuters is now chiming in, reporting the FDIC is indeed preparing to place the bank into receivership Receivership imminently and Reuters is citing a person familiar with the matter making that comment. This follows on the David Faber report from CNBC earlier, who also said that that was the likely outcome for First Republic. In recent weeks the bank has been trying to offload assets.

Speaker 1: 8:00

Okay, dave, we're gonna start with you here. What I suspect is going on is that every time there's a bank failure, I'm telling you I even looked on Google. I trust Rachel Schopen it's very difficult to find any information on different bank failures, especially on like YouTube. If I'm looking for videos, the floor is yours, dave, dave, all right. So Rachel said that this is the fifth bank that has failed, or I believe some republic no, I'm telling that that First Republic, I think it's from like six, six months ago, just showing you that that was one of the banks going into FVIC receivership, which is basically means they fail, just as a note that their board of directors is under investigation from the FEC about this.

Speaker 2: 8:48

But in any case, the one thing I just want to point out is that every time there's a bank failure or a larger bank takes over a failing smaller bank, there's a big brouhaha that everything is going to collapse. But here's the point that most people miss is that in the United States there are over 5,000 federally insured banks and branches 5,000. So when one bank fails, that is 0.001% of that number. So you have to take that into account when we're talking about oh look, the banks. So we better make a run on the banks. Another bank failed. Let's put everything into perspective of where we're at Now. If you woke up in the morning and there were 500 banks failing, that'd be a little bit of a different story.

Speaker 1: 9:46

But Well, okay, I'm going to ask Rachel about this because I'm with her. Like Rachel was like, hey, you know what, maybe I'm going to take a little money out of the bank and put it somewhere else in gold, silver or whatever. I'm not knocking gold or silver or whatever, but I'm with Rachel in this. Rachel, like we had a talk the other day and I'm like, hey, what are you doing? I'm like, hey, I'm at the bank just like, just like you, because maybe I don't trust it, rachel, your thoughts?

Speaker 3: 10:12

I feel like, you know, there's a lot of different people that say a lot of different things. I talk to people who are very well aware, who have, you know, harvard Business School degrees, who are very well versed with this type of thing, and they're saying that something's coming. I don't think it's going to look like 500 banks all at once. I feel like it's going to be a trickle, like there'll be one here, one here, and so this is just evidence that it might be coming. You know, I don't think we're going to wake up and everything's just going to happen all at once. It's just a slow indication of what may be coming. So I'd rather be safe than sorry. That's just me.

Speaker 1: 10:46

Right.

Speaker 2: 10:47

And if you're taking your dollars out of the bank, if you're taking your money out of your cash money out of the bank which is not a which is not an unwise thing to do always have a certain amount of cash in the house What'll happen is, if there is a bank failure, that cash will be transferred over to whatever the new currency is. That's point one. And point two is that if you use that cash money to buy only gold and silver when there's a transfer into a new currency, who knows if you'll be able to even use that gold and silver? So cash is still king. You take it out of the bank, keep it in the house.

Speaker 1: 11:37

All right, this is going to go on for another discussion here. We got to go on a break right now, but hopefully there's a gold commercial. No, I'm just joking. All right, I'm not saying anything. All right, I'm very, I've been very giddy lately. All right, so just got bear with me here, but we're going to go on a commercial break. We'll be right back about George or Gene, how, coming back, the world is about to shift.

Speaker 6: 12:10

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Speaker 1: 15:07

Welcome back everyone to About George with Gene Ho and, by the way, I'm having a good time doing this show. It's really I don't know why I am so giddy. I just feel like I feel like I'm in high school and I already got my ticket to college and I'm just like chilling, having a good time. All right, maybe on the class clown sometimes, but this is just. I'm just having fun, all right. The other thing that I want to mention and I mentioned it before you got to go to George videocom George video. Look at Greg man, johnny Greg, on the spot. Here you have the podcast that we do with me, dave and Rachel. You can see that there and you also see a couple other things. Bob Joyce we have his videos there from the sermons there in my new show at home with Gene Howe. All right, thank you for that, greg, and let's welcome back to the show. Here we have Dave Blaise and Rachel, right side blonde. All right, all serious in mind here, my whole thing, and I'll start with Dave. After this one. I am telling you and you know what's not me like, like people that watch the show just Google, bank failures, fdic, it's very hard to find anything. Anyway, this. I'm going to have this video, have Dave comment, but my point on this video is really you know, could it be that the banks are holding less money in there? If there's a danger of a run, I think we're going to be in trouble. Anyway, greg roll it.

Speaker 5: 16:35

A record $870 billion left us banks since the federal reserve started raising interest rates. Think about it the feds first rate hike was in March of 2022. So over a span of just 18 months, us banks have been losing billions of dollars. They lost about $73 billion in deposits every single month on an average. This has never happened before in the history of the United States. Even FDIC, federal Deposit Insurance Corporation, just had to admit that bank deposits are declining. Okay, did you?

Speaker 2: 17:15

find her on the RTTV channel.

Speaker 3: 17:19

That you can't find it in American TV. You've got to find it in the country.

Speaker 1: 17:24

Oh my goodness, rachel, that's my point.

Speaker 2: 17:26

My point is so you don't think that these foreign nationals are trying to hurt the United States economy. They are not see where this is born from. It's set it right up there on the graph that because of the stimulus checks and now that people are withdrawing the deposits they made from the stimulus checks and buying things into the United States economy, these other countries around the world that ticked off because that boosts our economy. I don't understand why that's such a mystery to you two.

Speaker 1: 18:03

No wait, I'm not saying that's not a good point, All the taking deposits out to run on the bank.

Speaker 2: 18:08

Yeah, through the pandemic they built up $5,000, $10,000 in the banks. Another spending it.

Speaker 1: 18:16

Okay. So all these people that have a mistrust in the banking system I'll just say it like that, because it's just an opinion, a mistrust they're off. There's nothing to that, rachel, your point. I mean, all I've been, that's I. There's a. Okay, guys, right.

Speaker 3: 18:35

I don't even think it's. I think it's just people aren't depositing, they're holding their money. They're holding their cash because, as they pointed out, if you have cash, at least you have it, it's tangible and you can exchange it for something. But if it's in the bank and they just oops, you know, and the FDIC will only give you a certain amount back, I mean, what do you do? What if you lose? I think you know, I don't know, I think it was up to 250,000. I don't know a ton of people with that much money just sitting in the bank. But if they did and it's over that, I mean it would really be a bad day To lose okay, the last time.

Speaker 2: 19:07

I'll hold on a second gene. I agree with Rachel a hundred percent on that point because, frankly, the FDIC can can say they ensure you to 250,000, 500, trillion million billion dollars. It wouldn't matter on the day that the if anything happens with the banks try and collect that 250,000 dollars. You know how to see that for 40 years. So okay idea is, if you're a smart person, you keep enough money in the bank for your monthly Transactions, whatever that might be food writing checks for rent, writing checks for this paying credit card, whatever it is. That's what you keep in the bank. Anything that you don't absolutely need to keep in the bank, keep under the mattress. Okay, no, no, here's the thing, and now I'll get letters from all the fire bugs.

Speaker 1: 20:01

That's what up, that you don't have to wait for the emails in the comments. I'm gonna stand up for that's the purpose of gold and silver. What are you gonna do, okay?

Speaker 2: 20:16

Okay, fine, there's a big banking run and there's, the banks are on holiday for 14 days and you're gonna, what are you gonna do? You're gonna go down to your local Kroger's with your gold coin and say, hey, I need a loaf of bread and three jars of peanut butter. Here's my gold. The strippers will not take gold bullion.

Speaker 1: 20:41

I'm telling you, it's like you throw it, they bounce all over the place. Oh no, I'm sorry, never mind, just kidding.

Speaker 2: 20:46

So I'm just I'm just saying Gold and silver, possibly, possibly, is the way to go, because and do you not think, and do you not think, in support of the new Currency, that the federal government would put an enormous tax on the selling and buying of gold, so that it makes it dramatically and practical to do that? They wouldn't even have to do a recall, like Roosevelt did in the 30s. So all that, that's all they would have to do is put a giant tax on the sale of silver and gold and Nobody would buy silver and gold or trade it.

Speaker 3: 21:23

That's all you do it now, before they do all that.

Speaker 2: 21:26

Well, I know but what would have to happen is if you went to the store with a gold coin, then it becomes the store's responsibility to do something with that, like break it up. I give you a certain amount of another currency or whatever it is. No store is gonna do that. The kids gonna look at you like I don't think I can do that. Let me call my manager. No, you guys you have to get little times and half dollars, little Kennedy, half dollars.

Speaker 3: 21:54

That's what you have to do, because it's 90% silver in those and they're little tiny pieces.

Speaker 2: 22:02

Ah see, you're smarted on the average bear. That's exactly right.

Speaker 1: 22:05

Do that where you're at the Kroger's I'll not say I shouldn't say Kroger's all right, a grocery store and then you get is like you know, it's like 2017, and then you give like 17. I don't know why they're so funny to me. Everything's funny to me.

Speaker 2: 22:22

That's because you're sitting on cash on the a mattress. That's probably why yeah that's, that's why.

Speaker 1: 22:27

So all I'm saying, rachel, is there a conspiracy here to kind of like hide it? Because your show, by the way, mentioned and that's a big number five banks this year. I know Dave's saying it's not a big deal, but is it a big deal, cause I mean, like banks failing anytime. Conspiracy, rachel, yes or no?

Speaker 3: 22:49

Okay, I'm not an expert in this field, but the people that I talk to are experts in this field, and everyone that I talk to, that who actually know what they're talking about, say this is coming. So I think I don't think it's going to be like oh, we wake up one day and all the banks are failed, and maybe it'll be that way, I don't know. But I think this is just an indication of what's to come. So it's just I'd rather be safe than sorry. So I pulled out some cash and, like Dave said, I left some in there so I can pay my bills still. But you got to diversify, have some options, cause you really we don't know for sure what's going to happen. So it's just good to have something everywhere, a little bit of something, and if you're in a position to do it and no, one else is going to tell you and nobody.

Speaker 2: 23:31

you're not going to hear this anywhere else because the podcast is they'll never bring this out. But if you're smart, what you would do is you would get a credit card even if it's a prepaid credit card, it doesn't matter and pay all of your bills with that credit card and then, at the end of the month, take the cash that you would have used to pay your bills and just pay off that credit card balance. So, in effect, you're leveraging someone else's money for 30 days to pay your bills. So just keep that under your hat. That's the smart way to do it, but no one else is going to tell you that.

Speaker 1: 24:15

No, listen, I think it's all interesting with this and, by the way and I mentioned this before, you know, the problem with it is and we talked about this is if there were cause. I used to live in Myrtle Beach. There was a hurricane coming. I'm telling you, the banks were playing games. You know, suddenly all we got to send our people home, but they didn't want a massive rush on people making withdrawals. Then you go to the ATM and then they limit you. I believe it was like 600 or 300 a day to take it out. So like you had no money there. And I just wonder, if people are playing games without money, they are Gene?

Speaker 2: 24:50

They definitely are, and they're in league with the milk, egg and bread people because the same thing happens. It's very funny you bring that up about a conspiracy with the banks because they must be in league with the bread, milk and egg people, because when you go to the store right before a hurricane, the bread, milk and eggs are completely wiped out.

Speaker 1: 25:13

Oh no, you're being serious. We got to go, but you're being serious about this?

Speaker 2: 25:16

No, I'm being serious about that. I'm joking about the conspiracy.

Speaker 1: 25:20

Oh, okay, Cause I was like we got to do a show on it. There's a bright conspiracy, All right. All right, Thank you very much for joining me once again, I'll get my composure straight and it's going to be good, All right, everybody, stick around about George Gene Ho coming back Now. This is one of those things. If you know you know I don't know how many of you use colloidal silver this is just like that, but much more pure and much more strong. This is my chronic silver. I go to my chronic silvernet. I use my chronic silver. Go to my chronic silvernet. And also, please use my promo code so I get credit for it. Use the promo code I give you here for your discount. My chronic silvernet.

Speaker 8: 26:23

We are here to defend democracy for the people.

Speaker 1: 26:50

Welcome back everyone to About George with Gene Ho, and I want to talk to you about tomorrow's show. This is the Friday show. It's going to be very interesting. We're going to have Dr Shannon Kroner on there, and it's very interesting because she wrote a book, a children's book, about it's okay to be unvaccinated. And it's very interesting because, oh my goodness, look at Greg right there. Thank you so much for that. She is going to come talk to us about this book tomorrow, but it's going to be very interesting because a lot of the things that she's talking about, quite frankly, happened to her own son. So it's going to be really interesting. The conversation is tomorrow and we're going to revisit that what's going on, and there's a video clip I'm going to show her about what Donald Trump said about this. All he said hey, we're heading into an election year in 2024. Well, guess what? We're probably going to have mass mandates back and all this stuff. But we have the video. You're going to see it Interesting what Donald Trump said about all of this matter. He actually said the word we will not comply. It's very interesting. So that is all tomorrow on About George, and then next week, don't forget yes, I know, we have next week Thanksgiving. My favorite love, thanksgiving, favorite holiday. Love to spend time with my family and have a great meal. That's gonna be next week, but don't forget, next week we will have new shows for you. Yes, the Thursday show and Friday show is going to be a best of, but you're gonna wanna watch it if you're around to see what I feel was one of the best shows of the whole year. So you gotta stick around for that. Okay, going along with that, we'll end it with this. When talking about the banks and all this stuff, here's the thing we didn't talk too much about all this stuff when Donald Trump was in office. All right, that's gotta say it the way it is. It's funny because now, with Biden, we're constantly talking about the economy. We're constantly talking about gas prices. We haven't talked about wars in a very long time, but with the Biden administration, we are talking about all of that, all of that again. So it's just interesting. You know what you have here going on in America is that a lot of these problems that we, quite frankly, forgot about when we had Donald Trump in office? Did we ever concern ourselves with the FDIC and taking banks over and all this stuff. No, we really didn't. I don't even know what the number of the banks were, but we didn't talk about it. There was no panic in the air. So it's just interesting, with all these things happening, the timing of it. And, by the way, I feel that much of America really, really needs a change here, because number one thing that people talk about is the economy, and here we are once again talking about it. All right, thank you for today and thank you to for my guests, dave Blaise and Rachel Wright's Eye Blonde. Don't forget tomorrow, dr Shannon, it's gonna be here. You're not gonna wanna miss that one. Thank you about George Regina Ho, and we will see you tomorrow. Tenido you.