Panic over Dow Jones as Bank Of America Closes Accounts (Uncut) 03-31-2025
Panic over Dow Jones as Bank Of America Closes Accounts
Hey everybody economic ninja here. I hope you’re doing well There are a lot of people panicking right now and they’re running their phones and they are googling two things First off bank of america is canceling or shutting down accounts and number two What is going on with the dow jones dow jones people are starting to get really worried markets around the world last night started to Come down heavily japan asia europe Everyone around the world is nervous and we’re getting scared panicking Possibly about these tariffs and tomorrow is The day. All right So let’s dive right into the bank of america stuff real quick I want to remind you today is the last day for the 90 on flash sale on the real estate cycles and crash course if you guys want to learn about uh real estate cycles I can guarantee after you take this class you’re going to think completely different about buying And how to buy and sell real estate when to buy and sell real estate and how to play those cycles those seven And five-year cycles to your favor.
All right, so the link’s down below All right First stories out of news week bank of america could cancel these accounts and there’s some things you need to know bank of america Customers across the country could be at risk of losing access to their funds if they fail to meet certain activity requirements The financial institution has confirmed. It will close accounts. This is what the second largest bank in the country Uh, it’s gonna close accounts deemed inactive under state Estatement laws a move that could affect a broad range of financial products from checking accounts to uncashed cashiers checks Just curious anybody, uh bank of bank of america type b of a i’m curious how many people here bank with them I personally do not uh The closures are part of the efforts to comply with legal obligations to transfer abandoned assets To state custody and could come as a surprise to account holders unaware of the rules You know, I don’t know if you know this or not, uh type one if you do type two if you didn’t um each state Goes and seizes uh funds that are are sitting on the books of financial institutions after a certain amount of time And you could go to the websites.
Uh, usually it’s under the state secretary website um uh, or the What’s the name of that website? You just google Unclaimed money and your state and you’ll find an official state website Okay, and you can go and claim unclaimed money. I did it for all my family as a matter of fact You just type in a last name. It’s actually pretty scary.
You could just go and find all kinds of stuff Um for your family it it and how much money just gets seized um It’s a big deal and the state likes this because if you never come for the money they get to keep it Now it says who’s at risk of this account closure bank of america has outlined the customer accounts that may be flagged as abandoned If they show no signs of activity for a long period of time really easy answer a long period of time they say Typically, I know that’s a crappy answer, huh? Typically is three years or more So if you if you have this inactivity going on and bank of american has been gone for a long time They said they’ll send you a letter if the letter never gets to you They take your money and then you got to go deal with the state Okay, so go and check that stuff out Now let’s move over to the stock market because this is a big deal that’s happening. Um I did a video on friday and I said hey This now this time is getting serious The reason why is because the stock market was falling not a ton on a percentage basis What a couple two three percent whatever it was But my point being is that this whole time since the s&p has been coming down heavy in the last month Um, we really haven’t seen the 10-year bond move or really any of the bonds move for that matter of fact Uh, sometimes some days we’re seeing the dixie pop up higher the dollar index Um, but by and large we weren’t seeing any big effects. What happened the other day? Well bonds Uh started people started to buy bonds as protection The 10-year bond rate fell pretty darn significantly on a one day Uh, it hasn’t really fallen that much in quite some time the interest rates now at the same time This is great for people that want to refinance mortgages things.
Trust me. You have not seen anything yet You were going to see a panic I mean, I think we may actually be in the beginnings of it right now And that’s why i’ve moved a lot of my positions to cash because all bets are thrown out The second, uh, you start seeing people running the bonds Okay, that’s something very very important to understand a lot of people get upset because like hey, you said this you said that i’m like Yeah, it’s all great in a bull market until all of a sudden people start running the bonds bond yields are dropping And uh, the equities are selling off cryptos are selling off. Oh, guess what it’s getting real So you need to move to protection and that’s why I sold some assets and moved a little bit of money to cash So as of right now the uh, dow jones, they’re saying the futures drop 300, uh points as of right now As of the recording of this it’s down like 246.
They’re off their uh, their their lows. Let’s say um, but the nasdaq’s down the s&p futures are down and you saw Uh, japan last night. Let’s go to those numbers Um, the asx down 1.74 percent the nikai Four percent down that is huge huge day, right? Then let’s move over to europe.
How did europe fare down one and a half? 1.72 Uh 1.69 on the cac so if you think about it, these are days right now where things aren’t looking too good, right? um As of right now because the markets haven’t opened they open in a few minutes Uh, the 10-year bond is down. I would be surprised if yields actually rise today Um, because I think that going into tomorrow and to see the panic Um, it’s I do believe it’s going to be uh, you know, buy the rumor sell the news kind of thing. Uh, but this is very important on the the We just watched canada break up with us.
I know a lot of us are going but we’re dating canada I didn’t know that actually canada was just you know Sapping off of us and i’m saying that nicely to all the people in canada. I because the facts are the facts Um canada relies on the u.s a lot for trade, right? They import a ton of stuff from the u.s. And yeah for a long time. We’ve imported their uh, softwoods and uh, I don’t know if they’ve got a lot of hardwoods over there to uh import to us But my point being is that they we we have taken stuff from them But in reality what we’ve been doing is just holding on to our own supply of lumber uh, and things like that, right and canada It’s sad because I see a lot of people in canada suffering because they’re having a hard time buying a home Because of the way they do their refinance laws, right? They don’t have a 30-year fixed mortgage.
They have higher taxes and they always tout honestly. They always tout the the uh, The health care but i’m like what would you rather have be able to go to a doctor and get shot up with? Who knows what in your body and possibly get a disease? i’m being straightforward or you know getting taxed and getting taxed to death or having your freedom and I think that’s an important thing to state. I don’t know probably gonna get a lot of hate for that All right.
So here we go Gold, oh gold’s up weird. Um, but that should be expected right now, right safe haven and it’s really exciting to watch people FOMO into gold because it’s at all-time highs but on a percentage basis gold hasn’t done near merely Nearly as much as what silver has and I think that’s really cool to state as a matter of fact type three If you’ve noticed that you’ve watched since the let’s say the start of this channel when uh silver was at 14 bucks and gold was at I want to say like 1500 I want to say it was and you look at the prices and everyone just the shiny lure is all-time highs all-time highs And you’re like what’s gold gonna do it’s gonna go to 5 000 maybe 6 000 the next couple years right everyone’s you know Praying and and hoping on this, you know, all the gold gold bugs around the world on the internet They’re like, oh the revaluation you’re like Yeah Hoping one hand a crap in the other and figure out which one fills up first And that’s that’s the truth and people get so butthurt over it, you know, it’s like hey Why don’t we just do guarantees if you pay off your debt and you start to invest in inflation hedges as inflation rises You are guaranteed to make money right at least now you’re preserving purchasing power, right? And what you’re doing is you’ve got something where your neighbors don’t have anything financially i’m talking about, right? We’re not talking about end of the world like food apocalypse thing But we’re talking about money right when things crash and i’ll give an example back in 2008 There were I did have some money And I did lose some money right the value of my money went down because of some of the asset classes I was holding it in but because I had saved because I had invested what I found was that When I know it sounds on a garage sale. I was the only person with money people were selling their stuff To pay their mortgage or to not get their car repossessed so they could go to work, right? Then I would go to companies that were closing their doors big companies that were selling stuff and nobody was there Nobody was showing up.
They nobody could afford you saw looky lures and I had an equity line So I started writing checks out of my equity line and buying up companies entire uh Materials and their equipment and then I would store it somewhere and flip it As a matter of fact, I got a buddy from the fire station a friend He just retired from the fire station. He is killing it. You know what he’s doing.
No, I can’t Well, we’ll see if he watches my channel he is buying up equipment from companies that are going uh Closing their doors all over the state and he’s going and and reselling it to companies that want to start and they’re growing You see what people don’t realize is even every time there’s a crash for every one company that’s closing their doors There’s actually two small startups that are starting people like you and people like me that see opportunities and go Hey, I I can see this need and I want to fill a gap I want to fill a need and that’s what makes america great Is small businesses small to medium businesses are what make america great? The problem is when companies get larger That’s when we fail as a country because monopolies happen people get lazy things like that Am I making sense type 10 if i’m making sense everyone and thank you You know what to the people that are like, hey, why do you make people type because you know what? This is interactive and I want to know what you’re thinking All right, and actually it doesn’t do anything for the algo anymore. I just to be honest with you. I’m so used to it I just I like hanging out with you guys.
Um Uh, i’m not here to just you know stand on a high horse and well I couldn’t even stand on a horse a horse gonna look at me and go seriously. You’re gonna get on my back. Jeez.
Oh, okay Ninja is a big dude. All right. Um, All right so if you guys want to learn about these real estate cycles because we have just now started the Crash on real estate prices and it’s gonna keep going trump’s not gonna be able to stop it like you think I’m, just i’m being honest.
There’s people that are like no you don’t get no things Aren’t gonna crash because we have trump. Holy cow Yes Type yes or no, you realize that there are people out there like that You know, you got derangement syndrome on both sides, right both sides of the aisle both Both sides y’all are screwed up. Oh gosh But it’s the same thing everywhere you’ve got you’ve got moderates and you’ve got extremists and you got just total like I don’t care what’s going on in the world just uh, Just care what’s on playing on the tv right now.
Uh, but my point being is that it’s That’s what’s exciting you get to take advantage of human behavior if you become a student of human behavior You learn so much of what not to do but then you learn what to do All right If you guys want that course links down below if you want to learn about real estate cycles, it’s 90 off I guarantee you’re gonna walk away a changed person. I know it sounds crazy Um, or if you don’t i’ll tell you what if you’ve watched less than half the course in 14 in less than 14 days You go. Yeah, you know what? This isn’t for me Email dylan.
We’ll give you your money back. That’s how confident I am in that product And honestly, I think it’s such an amazing deal that later This is just the true sales pitch being true and honest because I own a financial education company And my goal is to make a million people millionaires and to change people’s minds forever uh you’re gonna come back and buy more products because you’re gonna see the time hack the money hack and You’re gonna go crush it. That is the real sales pitch.
All right with that being said the economic ninja Is out
