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

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16 May 2023

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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: Check out the playlist for the show that Michael Hudson co-hosts here, Geopolitical Economy Hour: Michael's column “Why the US banking system is breaking up“: Michael's other article “Why the US bank crisis is not over“: || Geopolitical Economy Report || Please c

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