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SVB Crash: Waterfall Of Liquidation With Bad Cramer Advice, Central Bank Inflation, Sketchy Bonuses
If likened to a waterfall, the Silicon Valley Bank Collapse that dominated US news Friday and through the weekend was sourced from years of central bank inflation and risk-inspiring federal policies that led to it and has seen bits of key info, like detritus, flowing into view behind it.
If an avalanche, the SVB crash has deep, systemic, central banking roots, possesses numerous policy triggers, and throws at us revelations about untrustworthy media, dangerous, risk-increasing institutions like the FDIC, and what appears to be justified worry that, even as one sees breaking news of New York-based Signature Bank collapsing, this could be just the start of many more collapses, more insane central government bailouts, even if they’re not given that name, and a political push for central bank digital currency (CBDC).
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