Comments by "k98killer" (@k98killer) on "More Bank Failures Are Yet To Come..." video.

  1. Fundamentally, the primary issue in 2008 was credit risk contagion/panic exhausting liquidity and taking down securities dealers. In 2023, the problem is large unrealized losses due to duration risk on securities owned by banks jutting up against deposit destruction/outflows. There is less risk of contagion from a systemic viewpoint.
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  2. Banks have a profit incentive. Politicians and government bureaucrats only have the incentive to cover their asses and continue the grift.
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  3. It's kind of funny that the same people who advocate for full reserve banking also say we shouldn't have a central bank. If we don't have a central bank, then who creates the reserves for backing deposits? 100% reserve banking can only be done with commodity money or some central issuer of reserves, and history shows that such banks do not work on a commodity money standard.
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