THE GREAT RESET! MASSIVE BANK FAIURES LOOM! (PT 1)

➡ The Common Sense Show host, Dave Hodges, warns about the potential financial crisis in America. He explains that due to laws like the Dodd-Frank Financial Reform Act of 2010, banks can take a percentage of your money if they’re in trouble. He also discusses the declining value of the dollar and the possibility of a shift to digital currency. Lastly, he expresses concern about the potential for the government to tax unrealized income, which could further strain Americans’ finances.
➡ The text discusses concerns about the stability of banks and the potential risk to personal savings and retirement funds. It suggests that the current banking system may not protect individual interests, especially in times of economic instability. The author encourages people to consider becoming their own bankers and investing in gold and silver. The text also touches on potential geopolitical threats and their impact on the economy.

Hello, America, and welcome to The Common Sense Show. My name is Dave Hodges. I’m the host, and this is the show that is freeing America one enslaved mind at a time. Thank you so much for joining us. Well, you don’t think anything can happen to your money. And we’ve talked about this. I have talked about the Dodd-Frank Financial Reform Act of 2010. You have been declared to be an unsecured creditor. And I don’t know how to make it any more plain. And what that means is that if a bank is in trouble, they can buffer their fall by taking your money or a percentage of your money.

That’s right. And the law allows them to do it. I think it’s that can’t happen in America. We have the FDIC. Well, let’s talk about the FDIC. Right now, the FDIC’s funds cover 1.17% of all accounts in banks today. 1.17%. And by the way, there’s a funding mechanism that decides the order of who gets funded. And the credit swap derivatives crowd is number one. And they won’t even get through them before the money is exhausted. And you’ll be out there at the end wishing things were different. Now, you’re saying, well, what does this have to do with today? Well, the Federal Reserve came out again and they said 63 banks are in danger of defaulting.

This is what they admit to. Many analysts out there right now say it’s 10 times that at minimum. Can’t say that because it would look like the dollar is collapsing. Oh, by the way, it is. And you’re saying, well, Dave, isn’t that fear mongering? Well, let’s just do a little math. How would your family budget be if you were approaching $37 trillion a debt and your interest on the debt exceeds what you pay for national defense? How would that work out for you? Exactly. Well, that’s not working out for the United States.

The dollar is dead. Why do you think there are almost 50 nations in the BRICS nations that want to use the gold standard? Because the dollar cannot be trusted to be the world reserve currency. 1943, when it was clear the allies were going to win the war, there was a conference in the United States called the Bretton Woods Conference. And there it was decided, even though we don’t want to go back to gold standard, because we want money to be spent on projects for us, the elite that we’ll make money on.

And we don’t want it restricted by the amount of gold that you have in your treasury. We are going to make the dollar the world reserve currency. So since nations are going to industrialize, to rebuild after World War II, if you want to buy oil, and at that time, it was from the Middle East, almost exclusively, you have to use the dollar. That means you have to buy the dollar from the Federal Reserve. And that gave the dollar its value. Today, that’s not in play. And then add the crushing debt that we have, the irresponsible funding exposed by things like Doge.

Now we’re in the position we are in. The banks, and you have heard this, you heard me say it, you’ve read it in many places, the banks are gathering as much gold and silver as they can. Why? And have I not warned you to stay away from paper gold? The Bank of London, among others, have printed more paper than there is gold to back it up. And they just thought this party would go on forever. And now they’re caught. And nations aren’t getting reimbursed. Banks aren’t getting reimbursed. And if you’re an individual who holds gold paper, if I were in that position, I’m not going to give you advice, but I would sell it for whatever I could get for it today.

Because that problem is only going to get worse. And you’re saying, well, where is this headed? It’s called the Great Reset. Dave, I’ve heard about this now for five or six years, and it hasn’t happened. It’s already happening. It’s already happening. We’re moving to digital currency. They’re phasing out money. The penny is gone. No more production of the penny. They’re putting an emphasis on larger dollar bills because the currency is going to continue to inflate. That’d be the only reason you would do that. And it’s just like the Wehrmacht Republic in Germany before Hitler came to power, where their economy collapsed.

I had German relatives that were shop owners. And they used to have to close their business at lunch to change the prices. Inflation was so bad. There were millionaires in Germany. Problem is that’s what it costs to buy a loaf of bread. You ever seen the old history books where you have a German lady wearing a scarf, pushing a wheelbarrow full of money into the grocery store? That’s what it is. And that’s where we’re headed. We are headed for hyperinflation. Trump just had the first positive gain in the economy, but it wasn’t significant.

And it didn’t offset the previous month. He’s moving in the right direction, but the problem before we have a crisis is not solvable. And if you want to see what our future could be, look into China. 15 out of 20 million people in Beijing have left. Similar numbers in Shanghai, in Jiangsu. I mean, all these cities are collapsing because the currency is collapsing. The factories are closing. Three out of four factories are closed. We are headed for a supply chain problem in America. Plus the Chinese are so upset that they have cut off rare earth minerals to us.

I think that might change if we get a tariff negotiation and people say, well, Dave, we’re finding rare earth all the time, like in Northern Nevada, Southern Utah, record find. Well, I just interviewed a gentleman who is the CEO of the largest rare earth mineral company in the United States. I asked him the question, if we put everything into this and we had a Manhattan project moment where we put all our resources into developing something so important, how long would it take to catch up? He said, minimum a decade, minimum. He said, we’ll still keep working towards it.

There’s things we can do to minimize the damage. There are foreign powers that can send us some, but not at the level the Chinese can. Then we both talked about can the Chinese supply lines even maintain what they want to send us? Well, this all comes back to the relative health, economic health, the United States. This comes back to the banks and this comes back to the fact that there’s no question in my mind, and I’ve been saying this since he came into office, that Trump is going to use Bitcoin or probably more accurately stable coin, gold, silver, probably lithium as backing for the dollar while we transition to a digital system.

I don’t know if they’re going to do debt repudiation, but I will tell you something that the treasury secretary Scott DeSent said. Now he sends backtrack on it, but I don’t believe the backtrack. I believe his original statement. To understand it, we have to go back and look at Janet Yellen, who I think was one of the biggest thieves ever to serve in government, former Fed chair, former secretary of the treasury. And this is what I mean by theft. She wanted to monetize part of the debt with your money. And she used the term unrealized income.

And I’ll bring this back to Scott DeSent in a second, but I want to explain how it works. You’d say you bought a house for $100,000. At the time your mortgage is expired, you paid it off in 30 years. Your home is now appraised for 500,000. Well, people say, Oh, that’s a good thing. I’m worth more. That’s a bad thing. It’s not like you can sell your house for a huge profit, move into an equivalent house and make lots of money. That’s not generally going to happen. What’s happened to you is you now have higher property taxes.

There’s no escaping it. And now if you go through probate and try to pass this on to your kids, you’re going to have higher estate taxes because of the value you lose when your home appreciates. There’s no benefit for you. It’s a reflection of a sick economy that’s dominated by inflation because we spend more than we take in. So we run the printing presses and we’re unrestricted since we went off the gold standard. That’s the problem. And here’s what Janet Yellam wanted to do, that $400,000 that you supposedly have made on paper, but haven’t realized any benefit.

Well, she wanted to tax that at 43% of the $400,000 increase in that example I gave you. Do you have that kind of money sitting around? She called it unrealized income. Okay. Well, I know the Biden administration’s gone, not totally forgotten, but they’re gone. Janet Yellen is gone, not totally forgotten because here comes the reincarnated version of Janet Yellen and the name is Scott Besant and everyone’s singing his praises. And I’m telling this guy scares the living heck out of me. I’m not singing anyone’s praises who said this, we’re going to collateralize the debt through America holdings.

Well, that’s a fancy sidebar way of saying unrealized income. How are they going to collateralize the debt using America resources unless they tap into your home and tax you for appreciated value? Where is that money going to come from? Ain’t going to come from savings. Seriously, we have one of the lowest savings rate of any country in the world. So it ain’t going to come from your savings. Does it come from your stock portfolio? Well, if you think for a second that the elite five that control the stock market are going to accept this and it won’t have political ramifications and elections, think again.

They’re going to screw the people they always screw. They’re going to screw you and every other common person. And this is why people are saying right now, I need to become my own banker. Well, in the next segment, I’m going to explain the pattern that the banks are going to go through when they fail. And it’s not that I have a crystal ball. And it’s not that I have any secret information. I have a history book. I know current events. And I can tell you exactly the three stages this is going to go through that’s going to put your holdings, particularly in the bank, at risk.

And I’m going to say this, where I talk about Noble Gold. If you have retirement associated with the bank, I hope you have no choice. Because if you have a choice, you’re a fool. Because you think you can start over. And if they come to get your money, and we’re going to talk about, like I said, the process in the next segment, when they come for your money, your retirement is right there with it. You might be able to make up for lost savings and checkings and so forth and whatever they would take.

They might take a percentage. They might take the whole thing. Again, we’ll clear that up. But do you think that you could make up retirement? Pensions that are associated with bank, they are on the table right now. Scott Besant put it there with a comment that he said, well, I didn’t quite mean that. Yes, he did. Yes, he did. But people like me started speaking out saying, hey, this is dangerous. Do you hear what this guy’s saying? What’s ours is ours. And what’s yours is also ours. That’s what he’s telling you. And their banking system is not for you.

You think you put your money in the bank and it’s safe. They are a for profit business. And if your welfare is at risk, and their welfare is at risk, who do you think is going to win? This is something you really need to come back and pay attention to in the next segment. Because I’m going to tell you the historical pattern. And then I’m going to use contemporary current events in recent history to show you exactly how it’s going to go down. The Federal Reserve is admitting 63 banks are in big trouble.

Smart money is saying it’s more like about 600 banks and growing. And what happened with the big beautiful bill? What did it do to the debt? And I can’t even argue and criticize, because war with China is possible because they are desperate. They have a failing economy, civil unrest. They have massive unemployment. This is what Hitler fixed. And how did he fix it? Well, military buildup, and then a war. That’s the Chinese threat. Putin is locked into corners like you wouldn’t believe. All his escape routes, all his allies around him and the various republics, the stands, so to speak, they are not behind him any longer.

He is running out of resources. What does he have left? Well, two categories of weapons, tactical nukes and ICBM nukes. That’s what he has left. And Article 5 says, if any member nation of NATO is attacked, the United States is obligated to step in. So we have the potential with war with Russia. If you think Iran is solved, think again. I think it’s more of a minor issue, but I’ll tell you, if they ever get their hands on a nuke, you think the mullahs will ever hesitate to use it? I don’t. So that’s what we’re looking at here.

This is why you need to come back in the next segment. I’m going to lay it out for you, but I’m going to tell you right now, and I’m going to give you a spoiler alert here at the end. So one of the reasons why I’ve used noble gold through the years, because I’ve knew, had an inkling, this is coming. You can see the trend. I don’t know how we’ve kept the economy afloat as long as we have. Trump inherited this. Don’t start throwing stones at him because this was going to happen no matter who became the president.

It would just happen a whole lot worse if Biden or Kamala Harris had been the president. And I’ll lay that out for you why that statement is a true statement. At least with Trump, I think he gives a crap about your standard of living. I don’t know how much power he has to reverse what’s happening. This is very serious. This is why noble gold and I are going to become even better acquainted. I’ve been a customer of noble gold going on eight years now, but an advertiser going on nine, and we’re going to get more aggressive with this.

As we have money from deals come in, how much of it’s going to go to savings? It’s going to go to gold and silver. You’re going to have to think about becoming your own bank. I’ll lay that out for you too in the next segment. I’m Dave Hodges. This is the Common Sense Show. And yes, we do live in a challenging time, but so did others, founding fathers and the other great generation American history, the depression hero, World War II people, they went through real tough times too. Well, I think this is going to repeat and the character of this nation and our resilience is going to determine whether we become a strong nation again, or we crumble and we go the way of the Roman Empire, the Greek Empire, the British Empire.

Are we going to go the way of those empires or are we going to survive a little longer? We’ll also address that in a future segment. Thank you so much for joining us. See you back here next time. [tr:trw].