2min chapter

Bankless cover image

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

Bankless

CHAPTER

The Fed Is Covering Up the Insolvency of a $200 Billion Bank

The Fed surprised the banks, okay, by giving them a bunch of assets and then we're selling them. They then decide to surprise the depositors by hiding their gigantic unrealized losses. And that is the time bomb that is about to blow up the entire Fed centered economy.

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