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Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the collapse of the banking system as Silicon Valley Bank is set to be bailed out and The Federal Reserve creates a new organization to stop further bank runs.
As Tim Picciott points out, while the Federal Reserve and the Treasury claim that this is not a bailout, it technically is. The Exchange Stabilization Fund has provided 25 billion dollars and it appears this is only just the beginning.
Stay tuned for more from WAM!
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