In the weeks since Silvergate, Signature, and Silicon Valley Banks’ respective failures, observers around the world have found ways to classify each collapse as the result of specific, isolated circumstances. But our hosts at Onward see something much different: a systemic, likely global crisis in the financial markets, playing out very close to what we projected in our November 2022 episode, “The Great Deleveraging” (https://fundrise.com/education/onward-episode-10). In a direct follow-up to that episode, join Fundrise CEO Ben Miller and co-host Cardiff Garcia for an analysis of how the recent bank crises are strong evidence that The Great Deleveraging is in full swing, along with a forecast on what is likely to happen next for the economy — a phase that Ben has deemed “The Great Cascade,” as the impacts of the liquidity crisis reverberate across multiple sectors of the market, with profound effects. There’s even an event on the horizon that Ben believes is likely to be the straw that “breaks the turtle’s back —  toppling turtles, all the way down.” Listen to the episode to find out what that straw is likely to be. (And listen to the original Great Deleveraging episode (https://fundrise.com/education/onward-episode-10), if you need a refresher in turtle cosmology.) 

Have questions or feedback about this episode? Drop us a note at [email protected].

Onward is hosted by Ben Miller, co-founder and CEO of Fundrise, and Cardiff Garcia, co-founder of Bazaar Audio and host of the economics-focused podcast The New Bazaar (after spending many years as the co-creator and co-host of NPR's The Indicator podcast).

Podcast production by The Podcast Consultant. Music by Seaplane Armada.

About Fundrise

With over 1 million users, Fundrise is America's largest direct-to-investor alternative asset investment platform. Since 2012, our mission has been to build a better financial system by empowering the individual. We make it easier and more efficient than ever for anyone to invest in institutional-quality private alternative assets — all at the touch of a button.  

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