The US banking crisis erupted last week, March 10, 2023 with the collapse of the Silicon Valley Bank. Today’s Alternative Visions show is dedicated to a discussion of the events of the past week since the SVB crash. What’s the fall out from the SVB implosion? What other banks are in trouble? What’s the Fed and regulators done this past week to staunch the bank bloodletting and will their actions prove successful? What does it mean for the Fed’s rate hike policy and is the banking instability going global with the events surrounding the big European bank, Suisse Credit? TO LISTEN to the my ALTERNATIVE VISIONS RADIO SHOW of March 17 discussion. GO TO:
TWO OTHER SHORT RADIO INTERVIEWS (15 min.) ON THE TOPIC
(Critical Hour Radio Show: 3-17-23)
https://drive.google.com/file/d/15IF8bty0U3KPMEl2nfDhRwQEa7frappt/view
(Political Misfits Radio Show: 3-15-23)
Alternative Visions RADIO SHOW ANNOUNCEMENT:
Dr. Rasmus gives an update on US and global banking instability in the wake of the collapse of Silicon Valley Bank a week ago this friday. What exactly happened at Silicon Valley Bank and is that process occurring elsewhere? What is the role of the Federal Reserve in causing and precipitating the crisis? Have the efforts of the Fed and big banks to staunch the crisis in the US regional banks in recent days working? Is the Fed solution in the short run the cause of future banking instability in the longer run? What happened to bank regulation after Dodd-Frank Act? The three indicators of continuing bank instability. What’s happening at Credit Suisse bank in Europe? Similarities and differences with 2008 crisis. What does it all mean for future Fed rate hikes (next week) and Fed strategy to slow inflation? Consequences of the current banking crisis for US real economy and global economy. (Check out Dr. Rasmus’s print article on these topics this weekend at his blog, http://jackrasmus.com)
Dr. Jack Rasmus @drjackrasmus
Jack Rasmus 
The SVB post is probably the best explanation of our banking crisis we will get.The only missing element per prior posts is the role of acquisitions and mergers. The Fed flooded the US with trillions of interest free dollars which generated a staggering flood of acquisitions and mergers which in turn created monopoly America which could price gouge with impunity. Price gouging was and is a major component of inflation and inflation is what prompted the Fed to raise interest rates which is bringing banks down. The only real option is price controls or chronic stagflation.