No Bank Bailouts (Ever)

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In this video, I make the argument that Silicon Valley Bank (SVB) should NOT receive a government bailout.

Depositors with less than $250,000 will be made whole by FDIC insurance.

Taxpayer money should never be used to bail out bankers and VCs.

Printing new money to bail out banks increases inflation for the working and middle classes, who are less likely to employ inflation hedges.

If you are moved to help victims of bank collapses, feel free to do so using your own money, not taxpayers' money.

Not investment advice! Consult a financial advisor.

Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis:
https://www.cnbc.com/2023/03/10/silic...

NetBank:
https://en.wikipedia.org/wiki/NetBank

Rust belt:
https://cdn.britannica.com/42/234142-...

Opioids and rural America:
https://www.usda.gov/topics/opioids

Sackler family and the cost of doing business:
https://oag.dc.gov/release/ag-racine-...

How FDA Failures Contributed to the Opioid Crisis:
https://journalofethics.ama-assn.org/...

Billionaires need their bailouts:
https://twitter.com/BillAckman/status...

Bill Ackman uses CNBC to profit from his short:
https://www.cnbc.com/2020/03/27/bill-...

Nic Carter wants bailouts:
https://twitter.com/nic__carter/statu...

But Nic Carter has funds stuck at SVB:
https://www.coindesk.com/policy/2023/...

David Sacks wants bailouts:
https://twitter.com/DavidSacks/status...

David Sacks likes dumping his Solana on retail investors:

• Solana Billionair...

How Warren Buffett Gained from Bank Bailout:
https://www.cnbc.com/id/40276100

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#svb
#banks
#bitcoin

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