6min chapter

Bankless cover image

NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero

Bankless

CHAPTER

What's Happening Today?

The Federal Reserve gave guidance to banks to buy certain assets that had massively depreciated all at once. All of these bankers, um, basically do not think of the Fed as an actor, right? And so they think of them as a referee and then let me explain what it's really like.

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