Unchained

Jim Bianco on Why the Banking System Has Always Been Broken - Ep. 469

Listen Later

Jim Bianco, president and macro strategist at Bianco Research, explains what’s causing the recent cascade of bank failures. Yield seekers taking their money elsewhere are putting banks under strain. However, the Signature Bank takeover by New York regulators is “a little fishy,” Bianco says. He adds that DeFi has been holding up strong, providing an “alternative to this unstable system that we have right now.”



Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.


Show highlights:

  • why Jim thinks this is a liquidity crisis, not a solvency crisis
  • the role of crypto and tech startups in the recent bank run 
  • how people have been pulling out of crypto in the past 18 months
  • why the traditional fractional reserve system for banks is broken
  • why crypto projects like Aave and Compound are solutions
  • why Jim says the Fed is a “legal counterfeiter”
  • why money moving around so fast is a challenge to our antiquated financial system 
  • whether Signet, Signature Bank’s digital payments platform, is the real reason why regulators shut the bank down
  • whether the Fed will succeed or fail with FedNow, its instant payment system


    • Thank you to our sponsors!

    Crypto.com

    Railgun DAO 

    Guest

    Jim Bianco, President and founder of Bianco Research


    Links
    • Unchained:
    • The Fall of SVB: What Happened and How It Affects Crypto
    • Was Signature Bank Actually Insolvent?
    • Circle to Bring On New Banking Partner for USDC Minting, Redemption
    • Regulators Close Signature Bank Following SVB Collapse
    • Silvergate to Wind Down Operations in ‘Voluntary Liquidation’
    • CNBC: Long-awaited Fed digital payment system to launch in July
    • Ram Ahluwalia’s tweet on the Fed

      • Learn more about your ad choices. Visit megaphone.fm/adchoices

      ...more
      View all episodesView all episodes
      Download on the App Store
      UnchainedBy Laura Shin
      • 4.6
      • 4.6
      • 4.6
      • 4.6
      • 4.6

      4.6

      1,185 ratings

      More shows like Unchained

      View all
      The a16z Show by Andreessen Horowitz

      The a16z Show

      1,100 Listeners

      Real Vision: Finance & Investing by Real Vision Podcast Network

      Real Vision: Finance & Investing

      908 Listeners

      CRYPTO 101 by Bryce Paul & Brendan Viehman

      CRYPTO 101

      37 Listeners

      The Breakdown by Blockworks

      The Breakdown

      740 Listeners

      The Pomp Podcast by Anthony Pompliano

      The Pomp Podcast

      1,844 Listeners

      Thinking Crypto News & Interviews by Tony Edward

      Thinking Crypto News & Interviews

      252 Listeners

      What Bitcoin Did by Danny Knowles

      What Bitcoin Did

      275 Listeners

      Bankless by Bankless

      Bankless

      1,045 Listeners

      The Wolf Of All Streets by Scott Melker

      The Wolf Of All Streets

      242 Listeners

      All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

      All-In with Chamath, Jason, Sacks & Friedberg

      10,279 Listeners

      Empire by Blockworks

      Empire

      166 Listeners

      Coin Stories with Natalie Brunell by Natalie Brunell

      Coin Stories with Natalie Brunell

      451 Listeners

      Raoul Pal: The Journey Man by Real Vision Podcast Network

      Raoul Pal: The Journey Man

      127 Listeners

      Forward Guidance by Blockworks

      Forward Guidance

      273 Listeners

      Bell Curve by Blockworks

      Bell Curve

      33 Listeners