3min chapter

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Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 1

Tom Bilyeu's Impact Theory

CHAPTER

The Rogue Wave Phenomenon

There's an ongoing banking crisis. Most of us banks are quote, technically near insolvency. Hundreds are already fully insolvent. There's $2.2 trillion in unrealized losses that many US banks face the same risk abroad to Silicon Valley Bank. The Fed basically devalued Treasuries and everybody who bought Treasury is long term Treasuries in 2021, got completely destroyed in 2022. And some of those institutions started to collapse in 2023.

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