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NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero
Bankless
FTX Insolvent Did Some Funny Accounting Tricks to Maintain Public Solvency
The reason why you're saying Uncle Sam Bankman freed is that, okay, so FTX insolvent did some funny accounting tricks to maintain pseudo solvency. That's now true for the entire banking, commercial banking system of the United States of America. And even more than that, because it's also true for all of these foreign banks, it's even bigger than that. Every foreign bank that bought US Treasuries. The finance guys have evolved a bunch of camouflage tricks to hide what they're doing from themselves and from others.
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