2min chapter

Bankless cover image

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

Bankless

CHAPTER

What's Happening in the US Banking System?

Bontology: This is like the final banking crisis. The Fed said, you know what? We're going to give you money that will make them seem as if they're worth what they were worth. It might be a self-fulfilling prophecy in that it stops the bank run. There might be a bleed out of the banking system into money market ETFs and depositors aren't stupid over the long run.

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