2min chapter

"Moment of Zen"  cover image

E14: Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

CHAPTER

What Really Happened With SPB?

The same people who told us, mostly peaceful protests are now saying mostly solvent banks. They knew that SPB and others were insolvent but they never notified you the depositor. Let me go through that because that's a huge charge. When you fully understand the scope of that, that's enormous charge. Basically the money is gone. There are unrealized losses that are absolutely colossal,. All the debts are coming due.

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