Today Pat and I are discussing the current financial crisis and its impact on the world. We delve into the collapse of Silicon Valley Bank (SVB), the changing relationships between banks and businesses, and the role of credit scores in navigating these challenging times.

 

Listen in as we explore the future of wealth and the importance of diversification, including the potential of cryptocurrencies. I also share my thoughts on the responsibilities of being a CEO and how business coaches often don't teach the crucial financial aspects of running a successful company.

 

Don't miss this thought-provoking conversation on the current state of the financial world and the steps you can take to stay ahead of the curve.

 

Episode Highlights:

• [1:30] - Banks, Credit Suisse, and how they were forced to sell due to the government's emergency powers
• [6:00] - Australia vs. the US post-crisis, bank equity pools, and SVB's collapse due to high interest rates
• [12:00] - Struggles faced by coaching companies in finding good lenders and the importance of a good credit score
• [24:00] - The potential of crypto as a means of diversifying wealth
• [36:00] - The critical importance of CEO liability in a business

 

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