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#1176 Balaji Srinivasan On Bitcoin & The Stealth Banking Crisis
The Pomp Podcast
Can the Fed Step In?
Sally Kohn: A huge part of this was all of the stimulus, all the quantitative easing, all the bailouts. And so we get to the failure of SBB and maybe you can explain kind of what the Fed and other organizations are doing by stepping in here. She says after SVB, they've decided, okay, rather than having people just go in withdraw their money and cause a bank run, no, instead we're going to just print money behind every deposit. But one of the clever things is that these bondholders now they they are so happy to have their losses deleted by the Fed, that they're probably not realizing that the amount of money injected into the system
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