Well, it feels like 2008 all over again. Major bank collapses in the US, with Silicon Valley Bank and Signature Bank both collapsing without warning.

What’s different about 2008 is that Silicon Valley Bank was a major facilitator of the Cryptocurrency industry world-wide and back in 2008, Cryptocurrencies didn’t even exist!

It was extremely well capitalised without a bunch of risky sub-prime home loans on its books.

What’s also different this time is the swift FR and Government intervention bail outs. What took nine months to occur back in 2009, transpired over a weekend, this time.

It is almost as if the most significant cryptocurrency bank in the world was the target of a pre-planned attack. And now with the U.S. Commodities Future Trading Commission launching legal action against the world’s largest Crypto Exchange, Binance and its CEO, Changpeng Zhao, its looking like a U.S. lead, all-out attack on the crypto industry is underway.

For more on this, and the likely ‘hidden agenda’ be sure to watch the Ed Dowd interview on Kitco news below.

Remember, Bitcoin was born in 2009 in response to the unethical bailout of private businesses (banks) with public tax payer money during the GFC. And interestingly, Bitcoin again did its job recently with a big surge in price in response to these current bank bailouts.

Now, the Wall Street Journal reported last week 168 more banks are in critical danger of collapse with unrealized bond losses of over $620 BILLION!!

The bastion of safe banking - Switzerland, has had its second largest bank, 176-year-old Credit Suisse, collapse soon after in just seven days, ironically after regulators recently gave it a clean bill of health.

And Deutsche Bank, rated the World’s most systemically dangerous bank, is in trouble again too.

Seeing a pattern here?

If more banks go soon, I predict Bitcoin will explode to the upside.

In my success tip video below, I give you 3 action items you may like to consider taking.
A fourth one I forgot to mention is to have 6 months-worth of emergency food supply at home for you and your family. It’s called handing a ‘deep pantry’. Australia will not be unaffected by what’s coming.

So due to huge banking fragility in 2023 causing high uncertainty globally, I am very cautious on any property strategies moving forward that involve tacking on large loans, and long-time frames. I still believe our Airbnb model has the best risk/reward ratio in property as well as creative finance strategies.

Remember, Australia has had an unprecedented TEN interest rate rises in a row and about 2/3’s of fixed rate home loans from recent years convert over to much higher variable rates later in 2023. With inflation in Australia hitting 7.8% this December quarter and recent news articles posting 1 in 8 Aussies are now living in poverty, it seems economic environment is deteriorating fast.

Ratings agency Fitch released this yesterday: “Fitch Ratings expects the Reserve Bank of Australia’s (RBA) cash rate increases to drive up arrears in 2023, due to the high ratio of household debt to disposable income, reduction in household savings and dominance of floating-rate loans”.

“Mortgages written between 2019 and 2021, when banks tested serviceability using a buffer of 2.5 per cent above the borrower’s interest rate, are more susceptible to deterioration in performance, as the cash rate is now higher than this buffer.”

CoreLogic’s December quarter Pain and Gain report shows: “analysis of approximately 79,000 resales – 7.3% lower than the previous quarter - found the portion of loss-making resales increased to 6.9%, up from a revised 6.6% in the three months to September.”

“The decline in the volume of property sold in the final three months of 2022 reflects the reduced appetite for property purchases in the period, as well as fewer vendors being willing to sell in a weaker market.
"The proportion of vendors selling for a loss remains relatively low, despite a rapid decline in home values in many markets.”

Remember, you only make a loss when you sell, and there may be opportunity to pick up a bargain in 2023.



Again I strongly encourage you to claim the Gift of the Month . What’s been 20 plus months in the making is launching imminently!! Check it out.

But it's not all doom and gloom. In addition to the huge opportunity represented by the largest crypto launch in history happening imminently, Gold is pushing ALL TIME highs again over USD $2000/oz!

Silver, which is artificially suppressed, is still a better buy for me. It is the only commodity trading at 50% below its 1981 highs. Be sure to enjoy the Mike Maloney and other videos below.

Stay Alive til ‘25.