This Financial Threat May Be Bigger Than the Banking Crisis

The new global financial crisis, as exemplified by the successive failures of Silvergate Bank, Silicon Valley Bank, Signature Bank, Credit Suisse and the potential failure of First Republic Bank, is well underway. Despite a brief hiatus after the UBS-Credit Suisse shotgun wedding on March 19, the crisis is far from over. Other big bank failures…

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China And Brazil Decide They Don’t Need No Stinking Dollars

One of the most famous movie scenes of all time occurs in The Treasure of the Sierra Madre. Humphrey Bogart plays a gold prospector confronted by a gang of Mexican banditos. Bogart and his co-prospectors are well-armed and have taken up positions behind rocks and trees. The banditos move forward and demand Bogart’s rifle. The banditos…

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