Questions I need to answer:
- When did BTFP come relative to bank failures?
- How did everyone know First Republic one fail?
- Why did the BTFP not save First Republic?
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- Balaji’s Claims
- What’s happened so far
- Silvergate
- March 8
- SVB
- March 10
- Signature
- BitSignal
- March 16
- BTFP
- JPow mild recession
- First Republic
- Counterarguments
- This is bad, we don’t want this to happen (Ben Hunt)
- Less QE than claimed
- BTFP limits the downside
- Government is not rolling out a CBDC
- Government is not trying to kill crypto
- My View
- How to respond?
- Don’t settle for money sitting in bank earning next to nothing
- Money Market funds
- Buy outside assets
- Crypto
- Precious metals (not ETFs)
- Real estate (not REITs)
- Consider jurisdiction
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