Bob Moriarty: SVB Fails, 'This Could Be The Big One'
Liberty and Finance, Released on 3/11/23
The Silicon Valley Bank failure is the second largest bank to fall in US history. SVB was in the top 20 largest commercial banks in the US. Its collapse is likely to create a contagion that takes down the entire financial system, says Bob Moriarty, Marine, Naval Aviator, and financial author. "This could be the big one." And he explains how the Silvergate's failure and problems in the cryptocurrency sphere are connected.
0:00 Intro1:15 Silicon Valley Bank5:46 Contagion11:30 FDIC insurance14:32 Stock accounts17:50 Government's response21:17 Cryptocurrency contagion24:25 Moriarty online26:49 Miles Franklin
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.
Bob Moriarty: SVB Fails, 'This Could Be The Big One' added by Herman James on 03/10/2023View all posts by Herman James ?+'