April 1, 2023
First, it was the crypto-focused Silvergate Bank. Then it was Silicon Valley Bank. And immediately after, Signature Bank. Silvergate and Signature could be dismissed because, well, crypto. But Silicon Valley Bank is something entirely else. It was older,...
As the Federal Reserve has hiked rates from 0% to over 4.75%, the average interest rate on bank deposits has remained low, around the FDIC's national average for savings accounts of 0.37%. This has led many to ask the simple...
Last week, we had this to say about the implications of SVB’s collapse…
Everyone in the market has to think about an unpleasant reality and come to grips with it. They have to consider the risks of things that previously they...
You can listen to an audio summary of this article below.
Silicon Valley Bank (SVB) collapsed and was then seized by the California Department of Financial Protection on Friday, March 10. This came after a frenetic two days, when the bank...
If you listen to financial pundits talking about the Federal Reserve and the current state of the markets you might hear this term mentioned:
“Demand destruction.”
What is it? And what does it mean for you and me?
We’ll first discuss the mainstream...
The yield on the 10-year bond recently fell below the rate paid by the Fed on bank reserves. That is, a bank gets paid more to lend to the Fed for a day than to lend to the Treasury for...
We were going through some old bitcoin articles and realized we had a draft of an article Keith wrote that we never published. Better late than never! We hope you enjoy.
Listen to the audio version of this article here.
The History...
You can listen to the audio version of this article here.
Last week the cryptocurrency exchange FTX, which was recently valued at $32 billion, imploded.
While the tragedy continues to play out, let’s summarize what has happened so far:
FTX is a...
Our present moment is precarious. Like it or not—we don’t—we live in the age of Central Banks. And as we witness, and alas participate in, the global drama to create or destroy wealth, there is a great and tragic irony...
How to Destroy a Pension Fund in 22 Easy Steps
CEO of Monetary Metals Keith Weiner gave a talk at the New Orleans Investment Conference on how to build and destroy a pension fund system in 22 easy steps. If you’d...
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