The Looming Quadrillion Dollar Derivatives Tsunami
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On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in
Want the Federal Reserve wants, the Federal Reserve makes sure happens.
Want the Federal Reserve wants, the Federal Reserve makes sure happens.
This hyperinflation devastated the savings of a generation. Bonds, life insurance, and cash savings were wiped out. You had to cash your paycheck