Just took a few units like others; I eventually pick up things on the 'net. For example, people have been blaming wokes and Trump for what happened to SVB, but one writer pointed out that the bank bought bonds for investment. The gov't increased interest rates to soak up money and minimize inflation. That caused the bond prices to drop because their interest rates aren't high to start with. Depositors start withdrawing more funds to save their businesses, so the bank's forced to sell their bonds at lower prices and cover the difference by selling off their other assets. That's when the bloodbath began.Thanks for the explanations, you explained it better than Wiki LOL what do you do for a living? Economist?
(serious not being sarcastic)
It would seem (ducking...) that maybe that one world currency nobody wants is indeed the only solution. But then you would have to agree on how much debt a country can have, or you run into problems like Greece in the EU. Either way you turn it, it's not really fixable. Probably why I can't think of any solutions, because there is none....
I suspect that would have happened no matter who was President and regardless or what wokes did.
Another argued that the bank should have known how to hedge properly, and used a variety of investments to use gains from some to cover losses from others. But at the end of the day, it's just gambling with financial instruments, and if all of them start falling apart, hedging becomes pointless, except for what survivalists and preppers do, which is to invest in skills and basic resources and get ready when everything else vaporizes.
Also, the implication is that a system that's ultimately dependent on increasing credit constantly in anticipation of constant increases in energy use and extraction of material resources won't last in a limited biosphere.