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Withnail1969
Zeihan on Geopolitics
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Comments by "Withnail1969" (@Withnail1969) on "Peter Zeihan || The Financial Crisis of 2023?" video.
It is many more banks. The Fed has said it will lend them all money (print money) based on the original face value of their Treasuries not the mark to market value.
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@johnyjsl9219 Depositors know the insurance limit. They should not get more than that.
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@gregnichols663 It's a bummer but you have to wonder how many of those startups were going to fail anyway in the current economy.
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@thesandman775 they dont like you having numerous bank accounts. they'll flag you as a money launderer.
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@williamjameshuggins they couldn't hedge. nobody was willing to provide a hedge.
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@mysterioanonymous3206 Problem is some large countries are now buying and selling oil without the dollar. This 'global security provided by America' narrative isn't believed much outside America.
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@chaleej5571 That's right, the whole startup industry is dead now.
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That is exactly what happened. Many other banks are in the same position.
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@chaleej5571 it didnt, it also funded california wineries
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It's called 'moral hazard'.
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