#403: Dissecting the Banking Crisis with Parker Lewis
TFTC: A Bitcoin Podcast
00:00
Bitcoin Cash Assets
In 2017, when the feds started to signal that they were going to start to undo QE, the total cash the banks held in total was about 2.4 trillion. In so from 2017 to 2019, two year period, they drained 700 to 800 billion of reserves which equated to 33% of all the cash that was in the banking system. They're basically taking the building blocks of liquidity out of the system. It's just going into a black hole. That caused the repo markets to break. So everything that can like, like people can kind of get lost and like the consequences of the bailout and the moral hazard, but it all comes down to what the Fed is doing.
Transcript
Play full episode
