Is There a Too Big to Save the Moment?

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The European banks now have, in my opinion, probably a larger systemic problem than even the other ones. And I don't think the Nord Stream or things like that are going to be repaired, if ever. So next winter is going to be a big deal. Already, I think Germany had to create $2 trillion of deficit to offset what happened this winter. The choice is to let things fail, let things implode, or to backstop them.

In this Frankly, Nate shares some context about how he thinks about the recent global banking and financial market news. How do the catalysts triggering the SVB collapse compare to the 2008 financial crisis? What might world financial market reactions indicate as we move closer to The Great Simplification? What can we learn and proactively plan for by taking a balanced, comprehensive view of the global financial system and banking? One thing to be sure of: world governments and central banks “are gonna need bigger boats” as more and more entities require bailouts and guarantees. Eventually that ‘boat’ may become so big that it will be “Too Big to Save”.

Watch on Youtube: https://youtu.be/eOYU1VlwTNs

For Show Notes and More: www.thegreatsimplification.com/frankly-original/26-a-bigger-boat