Is Trump Going To Destroy The Banks? | Asked & Answered
Published: 2025-02-20
Status:
Analyzed
Published: 2025-02-20
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Savings account interest rates are predicted to potentially drop to as low as 0.5%.
"savings accounts are getting a a generous perhaps 3 and a half to 4% that could go down to half a percent"
Pending
Savings account interest rates could drop to 0.5%.
"right now savings accounts are getting a a generous perhaps 3 and a half to 4% that could go down to half a percent"
Pending
An annual retirement income of $40,000 is predicted to be insufficient for a comfortable life in decades to come.
"living off of maybe $40,000 a year to comfortably make that stretch which given the cost to life right now and then definitely in decades to come seems like probably not a super comfortable life"
Pending
$1 million will not be sufficient for a comfortable retirement (living off $40k/year) in decades to come due to increasing cost of living.
"a million dollars is the goal... you're probably living off of maybe $40,000 a year to comfortably make that stretch which given the cost to life right now and then definitely in decades to come seems like probably not a super comfortable life"
Pending
Voluntarily choosing not to invest will result in perpetual financial struggle, reliance on meager savings, and the risk of savings being wiped out by inflation and cost of living.
"you will be stuck in a cycle of having to work having to live paycheck to paycheck and or uh rely on very meager savings which to your point could easily be wiped out by uh inflation and cost of living"
Pending
A 'congressional blood bath' is predicted for the 2026 US midterm elections.
"I really do think we're uh headed for a congressional blood bath come 2026"
Pending
Climate change will lead to an increased and broader scope of natural disasters (e.g., hurricanes, wildfires, mudslides) causing widespread home destruction, even in previously unaffected areas.
"We are living in a time where climate change is changing the scope of our natural disaster so quickly that hurricanes are changing where the Asheville North Carolina being a great example you think that that's an area that's not necessarily going to be hit so whether it's tornadoes hurricanes earthquakes wildfires mud slides there are so many ways for your home to get quickly destroyed"
Pending
Revolutionary government restructuring at the legislative level (such as dissolving the FDIC) is predicted to be unlikely due to political difficulties, thin margins, and public anger.
"this kind of revolutionary restructuring of government at these more sort of legislative levels would already be damn near impossible to get through but especially in a scenario where they have a razor thin margin and a lot of these seats are up for grabs and people are very very angry um it just doesn't feel likely on a completely political level"
Pending
Fire safety boxes will not withstand the extreme temperatures of large future fires.
"even those fire safety boxes have been proven not to hold up to the kind of temperatures that you're going to see and experience in a big fire like that"
Pending
Protections on overdraft fees are predicted to be rolled back, potentially leading to individual transaction fees increasing from $8 to $45 or even $100.
"you might have had a protection six months ago on overdraft fees at your bank that's about to get rolled back and changed particularly if your bank had kind of adhered to the maximum we're going to charge is $8 and now if they have the unfettered access to charge as much as they want could be $45 a transaction could go up to $100 a transaction like who knows"
Pending
In an apocalyptic scenario where banks fail and money is inaccessible, physical cash will become worthless.
"if we're in a scenario where banks are worthless and your money is no longer accessible I don't actually think cash is going to serve you... the economy has completely crumbled by this metric so what are they doing with that cash it's just paper at this point"
Pending
Tariffs are predicted to not be helpful for the average US consumer or small business owner.
"no it's not going to be helpful for the average consumer nor for the average small business owner"
Pending
The FDIC is unlikely to be dissolved, and bank deposits will remain protected.
"probability would dictate that the FDIC will not be dissolved and or we's not going to enter a state in which our money is completely unprotected"
Pending
Tariffs are predicted to be ineffective in bringing back most manufacturing industries (e.g., steel, lumber) to the US, as these industries are not expected to return.
"most of these industries are not coming back they're not coming back you can't use tariffs to make it so like all of a sudden we're going to be producing all the steel and lumber and everything again the these things aren't like that ship sailed 40 50 years ago like it's just not going to happen"
Pending
Tariffs are predicted to negatively affect many people in a tangible way.
"tariffs are likely to be one of those things that really negatively affects a lot of people in a pretty tangible way"
Pending
A significant loss of seats for the ruling party (implied) is predicted in the 2026 congressional elections.
"I really do think we're uh headed for a congressional blood bath come 2026"
Pending
Trump loyalists are predicted to not attribute negative outcomes (such as the effects of tariffs) to Donald Trump.
"I'm unconvinced that some of these Trump loyalists will ever think anything bad happening ever is his fault"
Pending
Any legislative or political action that significantly harms the financial interests of wealthy individuals and global finance will face severe pushback.
"when you're talking about completely kneecapping uh all of the many wealthy people in this country who have hundreds of thousands of dollars of liquid assets ... you're going to run into some very very serious push back in a way that actually hurts"
Pending
A scapegoat is predicted to be identified and blamed when tariffs cause significant hardship for many people.
"I'm sure they also have escapegoat already planned out for who they would pivot to blame when the tariffs make life very difficult for large groups of people in our country"
Pending
Even if the FDIC is absorbed into the Treasury, some level of deposit protection will likely remain.
"even if the FDIC were to be absorbed into the treasury in a very specific way we probably still would have some level of protection"
Pending
Elon Musk is predicted to eventually face a significant public relations crisis and be blamed for many issues.
"at some point Elon musk's going to get thrown into that uh PR meat grinder uh and be blamed for everything"
Pending
The Consumer Financial Protection Bureau (CFPB) will remain 'defanged,' leading to no new protections for consumers, including caps on overdraft fees or predatory interest rates.
"the cfpb being one it's going to get completely defanged it pretty much already has been but they are a government entity that was trying to do its best to put more protections into place for your average consumer ... there is no movement going forward on any sort of protections including things like capping overdraft fees making sure that you know Banks cannot engage in harmful practices that are predatory but technically legal capping how much people can charge an interest so that it's not in kind of predatory loone shark area"
Pending
Future global events are predicted to be no worse than World War I, World War II, or the Great Depression, and the market is expected to recover from them.
"we are likely not going to be in an event that is worse than World War I World War II the Great Depression might be equal to but probably not going to be worse than and the market did recover from all of those events as well"
Pending
Protections on overdraft fees will be rolled back, allowing banks to charge significantly higher fees (e.g., $45-$100 per transaction).
"you might have had a protection six months ago on overdraft fees at your bank that's about to get rolled back and changed particularly if your bank had kind of adhered to the maximum we're going to charge is $8 and now if they have the unfettered access to charge as much as they want could be $45 a transaction could go up to $100 a transaction like who knows"
Pending
Tariffs will not be beneficial for the US economy.
"will tariffs be good for the US economy no"
Pending
Tariffs will not be helpful for the average consumer or small business owner.
"it's no it's not going to be helpful for the average consumer nor for the average small business owner"
Pending
Tariffs will not bring back old industries like steel and lumber manufacturing to the US.
"most of these industries are not coming back they're not coming back you can't use tariffs to make it so like all of a sudden we're going to be producing all the steel and lumber and everything again these things aren't like that ship sailed 40 50 years ago like it's just not going to happen"
Pending
Tariffs and bad economic policies will lead to significantly worse personal financial situations for many people, which will be a necessary, tangible consequence before people change their views.
"we will probably have to just find out and people won't change on some of these fronts until things get significantly worse for themselves personally and unfortunately tariffs are likely to be one of those things that really negatively affects a lot of people in a pretty tangible way"
Pending
Trump loyalists will not attribute negative events to Donald Trump's actions.
"I'm unconvinced that some of these Trump loyalists will ever think anything bad happening ever is his fault"
Pending
When tariffs cause widespread economic difficulty, Trump loyalists will blame a predetermined scapegoat instead of Trump.
"I'm sure they also have escapegoat already planned out for who they would pivot to blame when the tariffs make life very difficult for large groups of people in our country"
Pending
The idea that tariffs will lead to the elimination of income tax is highly unlikely to ever materialize.
"this notion that tariffs are in exchange for somehow magically no longer having to pay income tax is part of the argument I find very frustrating the odds of that ever working out are completely slim to none"
Pending
Elon Musk will eventually face a massive public relations crisis, be blamed for many issues, and experience a fallout of epic proportions.
"at some point Elon musk's going to get thrown into that uh PR meat grinder uh and be blamed for everything um and it's going to be a Fallout of epic proportions"
Pending
Future market crises are unlikely to be worse than historical events like World Wars or the Great Depression, and the market will eventually recover from them, just as it did historically.
"we are likely not going to be in an event that is worse than World War I World War II the Great Depression might be equal to but probably not going to be worse than and the market did recover from all of those events as well"
Pending
A congressional 'blood bath' is predicted for 2026.
"I really do think we're uh headed for a congressional blood bath come 2026"
Pending
The FDIC is predicted not to be dissolved, and consumer money will remain protected.
"probability would dictate that the FDIC will not be dissolved and or we're not going to enter a state in which our money is completely unprotected"
Pending
Overdraft fee protections are predicted to be rolled back, leading to increased fees (potentially $45-100 per transaction).
"a protection six months ago on overdraft fees at your bank that's about to get rolled back and changed particularly if your bank had kind of adhered to the maximum we're going to charge is $8 and now if they have the unfettered access to charge as much as they want could be $45 a transaction could go up to $100 a transaction like who knows"
Pending
Tariffs are predicted to be detrimental to the US economy, consumers, and small businesses.
"will tariffs be good for the US economy no... it's not going to be helpful for the average consumer nor for the average small business owner"
Pending
Tariffs are predicted to be ineffective in reviving old manufacturing industries like steel and lumber in the US.
"most of these industries are not coming back they're not coming back you can't use tariffs to make it so like all of a sudden we're going to be producing all the steel and lumber and everything again these things aren't like that ship sailed 40 50 years ago like it's just not going to happen"
Pending
Tariffs are predicted to be extremely unlikely to ever replace income tax.
"the odds of that ever working out are completely slim to none like infantes smally likely on the front of someone else getting blamed"
Pending
Elon Musk is predicted to face a significant PR crisis and be widely blamed for issues, leading to an 'epic' fallout.
"at some point Elon musk's going to get thrown into that uh PR meat grinder uh and be blamed for everything um and it's going to be a Fallout of epic proportions"
Pending
Future major economic or global events are predicted to be no worse than the Great Depression or World Wars.
"we are likely not going to be in an event that is worse than World War I World War II the Great Depression might be equal to but probably not going to be worse than"
Pending