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 Intro
1:15 Silicon Valley Bank
5:46 Contagion
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

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.

  banking collapse, contagion, financial crisis, stock market crash, svb