US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
geopoliticaleconomy.substack.com
The Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley. 93% of SVB deposits were uninsured, over the $250,000 FDIC limit, but the government paid them.
The problem with Capitalism is that these private bankers keep running out of other people's money.
Excellent and powerful presentation Ben!
Thank you so much!