#403: Dissecting the Banking Crisis with Parker Lewis
TFTC: A Bitcoin Podcast
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Is There a Need to Step in Massively?
The amount of deposits out there, which is kind of demand deposits, time deposits, M2 is like 22 trillion. And when Silicon Valley banks sold their deposits, their reserves to buy treasuries, somebody else now has them. The whole economic system breaks down because as they print money, the actual utility of the currency degrades or debilitates at a point where it can no longer function.
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