What exactly is a credit crunch and why does it seem like so many people are so concerned about it? Federal Reserve officials are saying it is unclear whether SVB will cause a credit crunch. Bloomberg reported that it is the last thing that the strained economy needs. The Street is talking about how this will affect earnings and stocks are set to move lower. And Bank of America is talking about how we are going to see another liquidity crunch because of these bank crises. Fox News mentioned how this could really impact small businesses and advice being sent to small business owners about securing loans right now before they are no longer available. So why would a credit crunch be so important for the overall economy? Timecodes 0:00 Introduction 0:46 Understanding Credit Crunches and their Impact 2:39 Supply and Payment Chains 4:46 Why Credit Crunches are a bigger issue for Businesses 7:14 Net 30 and Net 90 Terms 9:35 Heresy Financial University My Courses: Get UNLIMITED Access to ALL my Courses for Only $99: https://heresyfinancial.teachable.com/p/hfu-membership My New Book: Why We Need the Fed (blank gag book) https://a.co/d/a7caB8Y My Recommended Affiliate Partners: Miles Franklin Precious Metals (tell them I sent you) https://www.milesfranklin.com Monetary Metals https://monetary-metals.com/heresy-financial/ Vaulted https://vaulted.blbvux.net/2rXX47 OneGold (Code Heresy1x) https://bit.ly/3mS6dNo iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy Ledger http://bit.ly/ldgrwlt TradingView http://bit.ly/tvchrts M1 Finance https://m1finance.8bxp97.net/QOKA3P GroundFloor https://groundfloor-finance.sjv.io/mgRRvy Fundrise https://fundrise.sjv.io/Ygg2NO All my socials are @HeresyFinancial Twitter: https://www.twitter.com/heresyfinancial Insta: https://www.instagram.com/heresyfinancial TikTok: https://www.tiktok.com/@heresyfinancial Reddit: https://www.reddit.com/user/heresyfinancial/ Rumble: https://rumble.com/c/HeresyFinancial I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial. #CreditCrunch #CrashEconomy