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"Moment of Zen"  cover image

E14: Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

NOTE

The Unseen Collapse of SPB Bank

The money is gone and there are unrealized losses that are absolutely colossal./nThe debts are coming due and they knew about SPB and others being insolvent, but they never notified the depositors./nThis allowed their banks to hide their insolvency until one guy figured it out./nThis is a huge charge and when you fully understand the scope of it, it is enormous.

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