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

Geopolitical Economy Report | March 15, 2023

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/…

Check out the playlist for the show that Michael Hudson co-hosts here, Geopolitical Economy Hour:

• Radhika Desai & M…

Michael’s column “Why the US banking system is breaking up”: https://geopoliticaleconomy.com/2023/…

Michael’s other article “Why the US bank crisis is not over”: https://geopoliticaleconomy.com/2023/…

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