Multipolarity: Episode 10. Silicon Valley Bailout, All Butter No Guns, The Art of Peace

The Multipolarity group chat exploded over the weekend, as news of the Silicon Valley Bank implosion began to break.

Andrew Collingwood is angry at what amounts to a subsidy for rich depositors.

Philip Pilkington reminds us that simple deposit insurance could have solved this - and warns that this rule change is now effectively permanent. What does the world of banking look like, now that the rule: 'all deposits are covered at all sizes' has been instantiated into US orthodoxy?

Back in Britain, a Defence Select Committee has heard that it will take ten years for the country to replenish the arms it has already sent to Ukraine. If our enemies won't wait, then surely now is the moment to do something no government has done in half a century - protect and develop British manufacturing?

Finally, is Xi Jinping in line for the Nobel Peace Prize? As miraculous bolts from the blue go, the Iran-Saudi deal might be more than Nelson Mandela ever managed. If the Middle East's two duelling regional powers are actually making peace, then how will those left out of step by this reorientation fare? Can Israel still trust America? Or will it too have to carve a new, multipolar path?

**
0:00 - Intro
2:32 - Silicon Valley Bailout
25:21- The British Arms Crisis
36:30 - The Iran-Saudi Deal

[blaawan]

excellent as always. the only sane voice from the west

[trogdortpennypacker]

I liked your points on the souring of Israel-US relations in light of electing far right governments. I think this trend continues, ultra orthodox are now much more active in politics in order to keep their financial benefits and exclusions from military service. If you look at the growth rates ot the ultra orthodox it's staggering (4%), with a birthrate of 6.5 (down from 7.3). They have gone from 750K to 1.2M in a decade, "it is also projected that the number of Haredim in 2059 may be between 2.73 and 5.84 million, of an estimated total number of Israeli Jews between 6.09 and 9.95 million." It's a massive demographic shift and many of their values will simply not align with liberal US values, not to mention they will be an economic burden. The unemployment rate, due to their focus on religious studies, is like ~49% amongst men.

[Gi-Home]

Deposits are not the basis of loans when reserve ratios are zero. Laughable comments to ignore the facts in this video.