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.
Bob Moriarty's Amazon author page: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU%3Fref=dbs_a_mng_rwt_scns_share
Bob Moriarty's websites:
Leaked FDIC video mentioned in this interview:
Watch the full FDIC meeting:
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1:15 Silicon Valley Bank
11:30 FDIC insurance
14:32 Stock accounts
17:50 Government's response
21:17 Cryptocurrency contagion
24:25 Moriarty online
26:49 Miles Franklin
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