The Anti-Phoenix Crisis

Sean and Varn return to their miniseries on the global debt crisis with a very topical bank failure episode.Since Silicon Valley Bank, Signature Bank and Credit Suisse went belly up the last couple of week capital and the state have scrambled to contain the damage to the financial system and the 'real' economy. Why is an adequate explanation for inflation important? Does the Federal Reserve Bank itself even have one? If Fed policy is blowing up banks and barely even working is there some other reason (class based, perhaps?) to induce an economic slowdown?For patrons: what 'Marxism-Leninism in the Age of Multipolarity' gets very wrong; how the shadow banking sector might be the next shoe to drop; notes on the Brenner-Riley NLR article; on blue-collar toxicity and middle class racism; doomerism, socialism and hope.Sign up at www.patreon.com/theantifada for the full episode (over two hours long!) and a ton more content from our bonus archive.