Let’s first recap.

Before the strategy session. [Altucher Confidential] August 11, 2023 [WEBSITE]( | [UNSUBSCRIBE]( We're in a quiet phase of a new banking crisis right now. [Hero_Image] Let’s first recap. [external advertisement] [WATCH NOW: Multimillionaire Trader Wows Thousands With "One Ticker Payouts" Demonstration]( [Click here to learn more]( Research found that smart investors could have made top gains of... - 443% in 11 days - 89% in 11 days - 543% in nine days - 88% in seven days. All by trading just one ticker every week! Sound preposterous? [SEE THE PROOF HERE]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, There’s a private Paradigm Strategy Session coming up. Before I give you the full details, however… Let’s recap. From March to May, a banking crisis saw the collapse of three major U.S. banks and the largest international bank failure ever. A significant merger between UBS and Credit Suisse, a rescue for First Republic Bank, and the collapses of Silvergate and Silicon Valley Bank (SVB) were the headliners. Key developments: - Silvergate Bank died. It wasn't deemed systemically important by regulators. - Silicon Valley Bank (SVB) faced FDIC intervention. Initially, deposits over the $250,000 insurance limit were wiped out. But by March 12, FDIC ensured all deposits. - The Federal Reserve initiated a lending facility for banks, allowing them to pledge government securities and get cash, even if the securities were undervalued. - The Swiss National Bank orchestrated a rapid merger between the struggling Credit Suisse, a global banking behemoth, and its Swiss counterpart, UBS. And… The Fallout First, the Depositors' Dilemma emerged in the US as there was a lack of clarity about which banks were deemed "too big to fail." By consequence, depositors flocked towards banking titans such as JPMorgan and Citi, believing their money would be safer there. On another front, the Fed’s actions were marked by inconsistency. While they pumped fresh funds into the system, they were paradoxically constricting the money supply at the same time, leading to confusion about their strategic direction. Finally, the aftermath of the bailouts left the FDIC's coffers severely depleted. Their solution? Impose higher insurance premiums on the major banks, a cost that would inevitably trickle down to everyday consumers. To stabilize the financial environment, the Fed and FDIC seem to have pushed their resources and methods to the edge, raising concerns about their future effectiveness. Phew! (Not So Fast?) By May, more banks were under scrutiny, but many felt the worst was over. “They might be mistaken,” opines our colleague Jim Rickards. “Financial crises don’t always explode immediately. Often, they pause and then resurface more intensely.” Rickards cites a few examples: The 1997-1998 and 2007-2008-2009 crises had quiet phases, false alarms, before the real meltdowns. 2023’s banking crisis timeline, he says, mirrors those of the past. “Currently,” Jim writes, “we're in a lull, but history indicates it might not last beyond three months. The trajectory of past crises reveals that they erupt, temporarily subside, and then erupt again. Many misinterpret these silent phases as the end, but they often precede bigger storms.” In short, Jim argues that we’re in a quiet phase of a new banking crisis. Over 62 And Collect Social Security? Take Action Immediately! [James Altucher]( [If you’re over the age of 62 and currently collect Social Security, you need to prepare now](. Because Biden has given our country the worst inflation in decades – and many warn things will only get worse from here. Worse yet, the Social Security check you receive now may not keep pace with inflation… [Which is why, if you don’t act now, you could fall behind in the months ahead](. Is your retirement at immediate risk? [Click here now to get the simple, step-by-step actions to survive inflation](. Paradigm Strategy Session: Next Week At Team Altucher, optimism is our north star, with innovation's immense potential as our primary focus. However… We also understand the unpredictable nature of crises. And the need to be ready for anything. Rickards emphasizes preparation. Never an awful idea. The stakes, he argues, are high. “I believe if you make the wrong move in the next few days,” Jim warns, “it could be what makes or breaks your financial future.” And yet, just a few calculated moves could protect your nest egg for whatever’s down the pike. That’s why Jim’s hosting a special virtual strategy session on Tuesday, August 15th at 7pm ET to give you all the details and help you prepare. Don’t delay. Just one click will get you in the door. [Click here to save your seat.]( Clicking the link above automatically registers you for Biden's Final Deathblow to America, but does not obligate you in any way to attend the event. By reserving your spot, you will receive event updates. We will not share your email address with anyone. And you can opt out at any time. [Privacy Policy.]( Stay tuned. Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential Do NOT Ignore This Message Hidden In You $1 Bill… [Click here to learn more]( On the face of this $1 dollar bill is a set of instructions for EVERYONE in America, which is legally binding… And is the main thing that gives your cash its value. But here’s the thing… This message represents a direct threat to Joe Biden’s plans for your money… Which could put the value of every dollar you own in SERIOUS jeopardy. Can you spot it? 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