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

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.

Bob Moriarty's Amazon author page: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU%3Fref=dbs_a_mng_rwt_scns_share
Bob Moriarty's websites:
http://www.321gold.com
http://321energy.com

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INTERVIEW TIMELINE:
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
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