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

Geopolitical Economy Rep Mar 14, 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/…