US bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’
Geopolitical Economy Report
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The Consequences of Rising Interest Rates and the Bank Crisis
This chapter explores the implications of the Federal Reserve raising interest rates and the ongoing bank crisis. It discusses the losses experienced by US banks due to the drop in value of long-term securities and highlights the potential collapse of Silicon Valley Bank, while also addressing the dilemma faced by the Federal Reserve in dealing with inflation and stagflation.
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