Macro Jabber - Tim Sykes Discusses SVB Collapse, Contagion, Uninsured Deposits & Potential Implications
The Friendly Bear - Verified Trader
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The Importance of Studying the Past
The biggest banks and the brokers, like that was the whole system coming crashing down. The government had a choice: Do we just let this stuff crash like free markets? But then people forget that the US is so heavily in debt where, you know, the US has always paid its debts. That's how we've racked up suchlike a big amount because theoretically, one day we're gonna have to pay. And then everything comes crashing down, then all the debts come due. Then there's a massive crisis of confidence. So if everyone starts selling their long term assets at the same time, you get a massive crash. This is like what Bitcoin crypto was designed for like the banking system
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