MICHAEL HUDSON The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage […]
by Michael Every single day there are more twists and turns to this new banking panic. In fact, we just learned that the big banks have gotten together to save First Republic. That is good […]
by Michael Do you remember when wealthy people all over the world would stash their money in Swiss banks because there were so strong and so private? Well, the second largest bank in Switzerland […]
By Cristina Laila Credit Suisse shares tumbled by as much as 30% to a new record low on Wednesday after Saudis pulled funding. Trading in the Swiss banking giant’s stock was halted several times on Wednesday. […]
by Michael Welcome to the great banking collapse of 2023. Please try to enjoy the ride. When FTX crumbled, I explained to my readers that it was not the first domino to fall and that it […]
BY TYLER DURDEN TUESDAY, MAR 14, 2023 – 07:20 AM Over the weekend, amid populist howls of outrage that a bailout of SVB would promote moral hazard (in the end depositors did get bailed out […]
“As for the evil: It lurks in the interstices of our bureaucratic institutions, which, as they have grown in size and complexity since the nineteenth century, behave in ways that are increasingly impossible to understand […]
by Mac Slavo Hedge-fund manager and billionaire Bill Ackman predicted that an economic meltdown is on its way Monday after Friday’s collapse of Silicon Valley Bank. The billionaire predicted that uninsured bank customers would rush to withdraw […]
by Michael The widespread panic that we just witnessed is definitely not what the bureaucrats at the Federal Reserve were anticipating. Following the second largest bank collapse in U.S. history on Friday and the third largest […]
Guest Post by Mark Crispin Miller Once the economy has melted down, CBDC’s will be proffered as the ONLY way we can get “back to normal”—a “cure” that will turn out to be as catastrophic, in […]
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