Terrified by the economic crisis that the Covid paralysis could entail, the FED, and the rest of its gang of central banks, dedicated themselves to printing banknotes like crazy. But the creation of money does not work by delivering to CTRL + P. FED creates new Debt that is sent to banks, that in turn lend it to companies. That is what happened in 2020.
And then de death circle starts:
Would you like to see the smoking gun?
And now take a look into into the Sillicon Valley Bank growth:
There are no further questions, Your Honor.
We have the body. We have the killer. Let’s face the consecuence. During the trial, the FED said things like: It’s just a regional bank, it’s not so important, it’s all under controll,… The same reasoning the ECB siad about Credit Suisse.
Well, it depends. For those who have lost millions in SVB it’s important. For the global financial system, we will see.
Anyway, wich is the solution that the killer proposes? More gas:
The US Federal Reserve printed $300 BILLION in the past week to save the banks. Half went to holding companies for Silicon Valley Bank & Signature Bank. The Fed didn’t disclose the other half. Let me guess: it will not go for the poorest ones.
Meanwhile, in the other planet of the solar system called Bitcoin, an alternative system keeps moving on with strong fundamentals. For fisrt time in years, BTC had a divergent behavior to wall street.
You just to need to this graph. Bitcoin is uploading:
You decide in wich planet do you want to live.
Your’s in crypto and AI
PS: It’s so ccrazy what’s happening in AI that I can’t keep up with the day. Just this week:
-Stanford Alpaca 7B
-Anthropic releases Claude
-Google’s PaLM API
-Google adds GenAI to workspaces
-Microsoft 365 Copilot