Nationalization of Banking Sector: Quasi-Public Institutions

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The speaker discusses two perspectives within crypto circles regarding the nationalization of the banking system
One perspective highlights the acquisition of smaller banks by bigger banks, making the banking system almost like a public entity
The other perspective predicts a series of dominoes leading to a US dollar fiat blow up debasement catastrophe, encouraging listeners to invest in crypto
The speaker acknowledges that banks are quasi public institutions due to the nature of fractional reserve banking and the need for a centralized authority for liquidity and deposit insurance

Ram Ahluwalia, CEO of Lumida Wealth Management, joins us for his second time on Bankless to discuss the latest bank failure and what it means for the rest of the traditional finance system.

Are there more failures to come? Can crypto save the banks? Why are politicians being quiet this time around? What will Powell do next? Answers to these questions and much more in the episode.

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------ Timestamps:

0:00 Intro 8:30 Season Two of the Banking Crisis 10:38 First Republic Bank 13:00 Politicians Being Quiet? 15:13 Ram's Slide Agenda 16:10 Co-Morbidities of Bank Failures 23:40 Negative Equitites 24:40 Publicly Traded Banks 30:27 The Walls Preventing a Collapse 35:40 The Banks' Mycelium Network 39:26 What's the Problem? 45:50 Commercial Real Estate 47:10 The Next 2008? 50:10 CRE Risk 53:07 Arthur Hayes Take 56:40 Balaji Take 1:01:13 Will Powell Blink? 1:03:20 How to Fix the Banks 1:09:35 How Crypto Saves the Banks? 1:12:55 Closing & Disclaimers

------ Resources:

Ram Ahluwalia https://twitter.com/ramahluwalia

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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