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Banking Rules & Blockchain Fears

(12/28/23) Newly proposed rules for raising major banks' reserve requirements are raising the ire of Bank CEO's like JPMorgan/Chase's Jamie Dimon. Boo-hoo. either get completely under government control, or exist as independent private business, and be allowed to fail without bailouts. Why the government wants to force banks to hold more reserves: Buy more bonds. Bitcoin: Why is Dimon so opposed? The alternative to banking. The difference between Bitcoin vs Blockchain; Crypto is the ultimate fiat currency, backed by nothing. Why Dimon should fear blockchain.

Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
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Watch today's show on our YouTube channel:
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The latest installment of our new feature, Before the Bell, "What the VIX is Saying" is here: &list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Will 2024 See a Soft-landing, Recession...or Worse?"
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Articles Mentioned in this Show:
"The Fed Pauses: What Comes Next?"
https://realinvestmentadvice.com/the-fed-pauses-what-comes-next/
"Wall Street Analysts Are Optimistic For 2024"
https://realinvestmentadvice.com/wall-street-analysts-are-optimistic-for-2024/
"Recessionary Indicators Update. Soft Landing Or Worse?"
https://realinvestmentadvice.com/recessionary-indicators-update-soft-landing-or-worse/
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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