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Rabbit Hole Recap #251: $10,000,000 for Open Source Projects

Rabbit Hole Recap

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The Systemic Banking Crisis

This is what we were talking about four months ago or so four or five months ago when we went back to 2008. The strategy ever since then has been to essentially have the US government taxpayer money backstop these bailouts where they orchestrate a sale to one of the larger banks. And as it seems to be coming obvious now, it seems like an a systemic banking crisis. You basically just keep doing these orchestrated sales where you consolidate the banks further and further.

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