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Zombie Company Defaults To Accelerate Bank Failures | Rafi Farber
As interest rates have risen, countless companies in the US are on the brink of failing. The collapse of these "zombie" companies could impact the banking system, says Rafi Farber, founder of The End Game Investor. When the first big company fails, "then you'll see dominos starting to fall." It's important to build community and prepare financially, he says, because tough economic times are ahead.
Rafi Farber on YouTube: https://www.youtube.com/@endgameinvestor/videos
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INTERVIEW TIMELINE:
0:00 Intro
1:43 National debt
10:00 Foreign holders
14:14 Commodity-backed currency
22:20 State laws
27:27 Zombie companies
31:00 Zombie households
33:24 Weathering the storm
46:40 Last thoughts
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