Bank Runs Explained
A surge in depositors wanting their money back can trigger a bank run, leading institutions to sell treasury bills at a loss. Unlike the 2008 crisis, which involved risky investments, today's banks are struggling due to rapid interest rate hikes and a crisis of confidence. If the perception shifts to believing banks are safe, the panic can subside, but currently, the outlook appears grim. Additionally, there's a significant crypto angle that remains to be explored.In this clip
From this podcast
The James Altucher Show
Banks, Crypto, China: Do We Need to Be Afraid? | Omid Malekan & Cal Fussman
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