If you haven't heard, the 16th largest US bank Silicon Valley Bank collapsed in less than 24 hours Friday and has already been taken over by the US federal government. This was followed by a bank run at First Republic Bank with people lining up yesterday to withdraw their funds.
Let’s explore this developing story together.
Here's a few links to follow:
a) Jack Rasmus as always: https://twitter.com/drjackrasmus
b) https://unusualwhales.substack.com/p/what-happened-with-silicon-valley
c) Ellen Brown is mandatory reading about the lurking unknown risk of derivatives to the global financial system: https://scheerpost.com/2023/03/12/ellen-brown-the-looming-quadrillion-dollar-derivatives-tsunami/
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