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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00Banks took a bet and they were wrong.
00:02They bet our deposits into long-term treasury bonds when interest rates were extremely low.
00:07Then when the Fed started to increase its interest rates to fight inflation,
00:11the value of those bonds went way down because no one wanted to pay those higher prices
00:15for those older bonds that were yielding those lower interest rates.
00:19And now the value of all that collateral went down by half a trillion dollars.
00:24But now the banks are sitting on all these unrealized losses,
00:28meaning they haven't clicked the sell button
00:30and they're praying that you won't ask for your money back so they won't have to.
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