SVB Banking Crisis / Dollar Report: March 2023

My thoughts on the failure at Silicon Valley Bank and Signature Bank, and the responsibility of the Federal Reserve. I share my thoughts on the FDIC, and the federal government stepping in to guarantee all deposits. Also, the Bureau of Labor Statistics announced today that consumer prices - CPI - in February rose 6 percent from the previous year. Core CPI month-over-month was higher than anticipated. The FOMC and Jerome Powell will meet next week to determine the federal funds target rate.
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Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Katzin Family Associate Director of the Center for American Institutions at Arizona State University.
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Disclaimer: The views and opinions expressed on this channel are my own and do not reflect the views of Arizona State University, nor are any of the views endorsed by Arizona State University.

[ProfessorBarth]

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[johnqpublic]

I greatly appreciate your take on this matter.

[Bucky]

Hi Professor ! 😄 living history aint we 🤓🍿

[wotterdog]

Great vid Prof! Some fun tidbits from the Bitcoin world: Caitlin Long's non-leveraged bank, Custodia, was denied a master account at the Fed right before SVB collapse/bailout. Their proposal is to hold 108% of deposits in cash at the Fed (fee-based system). Seems like the concern is that it could/would cause a run on fractional reserve banks (one good apple showing how rotten the rest are). I think a lot of business owners woke up to the fact that the money in their bank is not really their money. Also, Lyn Alden tweeted this (which I thought was spot on), "When they try to raise rates and suck out liquidity too quickly when debts are this high, chaos ensues. Can't fight 1940s-style inflation with 1970s-style policy."

[mxa]

CBDC would be the end of the little bit of liberty we have left.

[daftinetyixer]

Great video, concise and thorough! To anyone out there wondering where this is heading, the United States will return to a gold standard sooner than people think. In addition to your normal inflation hedging investments, consider the attempts of a socialist government pushed even further to the left by crisis on the supply/price of food and gasoline. It is my opinion that the govt will attempt price controls, and as a result there will be shortages. Have a solid pantry that can get you through those gaps perhaps? Stay safe and stay human!

[mountainpadproperties]

Bullish land and precious metals right now. Please do more of these solid, educational vids - now is the time to crank it up.

[ILOVCHSE]

Damn, you were on point for the entire video. Then again, you basically are every time. But from 12:32-13:00 specifically, you were absolutely spot on. Once CBDC is introduced, it's game over for privacy, but it's only a minority of people who seem to care, and even less that are willing to call it out. We really need more people in academia doing what you're doing, and If I decide to attend graduate school this fall, I plan to be as vocal as you are wherever I attend. Please, never quit making videos!

[Alton]

It funny to see everyone reaction to this. I some are blaming coopete greedy. Some blame "Wokeness" but is silly corporation were not greedy before 2022 or wokeness was not a problems before. Bill Maher did a segment about this called "world war me: he argued we take what we don't like about society and apply that to everything. And it is so true but not just with social media but with Youtube as well. Do you think this is a problems with the last year or so? But I do agree with you on the Fed.

[AdamMShorts]

These bank failure happened around the same time China brokers a deal between Iran and Saudi Arabia. We know just how important the Saudis petro is to the dollar to keep USD as the world’s reserve currency. If relations strengthen between the saudis and the BRICS nations, we could be facing a serious threat to the USD virtually creating hyperinflation overnight. Maybe there is a correlation between this deal and the bank failures. Maybe this is a tactic to transition into CBDCs to retain control over the peoples fiat. As of now who knows…

[nickpll]

It's just a shame that most people aren't really aware of what the fed's role really is. Let alone the damage it causes

[elvaquero]

I hear that there's some interesting stuff going on in the Eurodollar markets in part because of the Fed's actions. Unfortunately, I don't know where to go to find data on them. Any thoughts?

[astrogumbo]

The computer nerds crashed traditional banking. Bout it

[philaxx]

The monthly Ukraine laundered money didnt came in at SV Bank which made the bank unserviceable went kaput