44 min listen
Banking Crisis: Unveiling the Centralization of the Banking System
Banking Crisis: Unveiling the Centralization of the Banking System
ratings:
Length:
37 minutes
Released:
May 10, 2023
Format:
Podcast episode
Description
In this episode, I discuss the ongoing decentralized revolution and the recent banking crisis in the United States. Multiple banks have collapsed, surpassing the 2008 financial crisis. I talk about the trend towards central bank digital currencies and how it eliminates the personalized touch of local banks. The failure of First Republic Bank is a clear example of this centralization. While depositors were protected in the short term, it reinforces the dominance of big banks like JP Morgan. This consolidation has drastically reduced the number of banks in the US over the past 30 years. It's concerning how losses are socialized while profits are privatized.See omnystudio.com/listener for privacy information.
Released:
May 10, 2023
Format:
Podcast episode
Titles in the series (100)
Trifecta Of Disruption by The Mark Moss Show