The banks are out of control but the central bankers can print any amount of money to paper over things. The only banks that will fail will be the ones they want to fail. This may turn out to be another round of power consolidation in the financial space, which is what happened in 2008-9. The SVB that failed may have been targeted since it supported the crypto world and it also had ties to Jeffery Epstein (where it was a target of investigation). However, this video from The Duran takes a slightly more conventional view of things, but it does admit the banking sector is a basket case that is likely to fall over without central bank support. Everything will be done to protect Credit Suisse.
[Posted at the
SpookyWeather2 blog, March 18, 2023.]
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