Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains

Geopolitical Economy Report

Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. He also addresses the US government bailout (which it isn't calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives. TRANSCRIPT: https://geopoliticaleconomy.com/2023/03/14/us-banks-collapsed-economist-michael-hudson VIDEO: https://youtube.com/watch?v=uvm9qrXhqf8 Check out the playlist for the show that Michael Hudson co-hosts here, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP Michael's column "Why the US banking system is breaking up": https://geopoliticaleconomy.com/2023/03/12/michael-hudson-why-the-us-banking-system-is-breaking-up Michael's other article "Why the US bank crisis is not over": https://geopoliticaleconomy.com/2023/03/13/michael-hudson-us-bank-crisis