Will The Big 4 Banks Fail? A $168 Trillion Mess | Mario Innecco

Federal Reserve and FDIC have expressed concerned about the big four US banks’ derivative positions. In total, the banks have a $168 Trillion derivatives book. That’s almost six-times US GDP. If the big banks fail, then this failure could cause contagion throughout the global financial system, says Mario Innecco (https://www.youtube.com/maneco64).

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INTERVIEW TIMELINE:
1:30 $168 Trillion in derivatives
4:55 Repeal of Glass-Steagall
10:50 Repo crisis
19:38 Gold & silver update
23:32 Weekly specials
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