The recent failures of major banks such as Silvergate, Silicon Valley Bank, Signature Bank, and Credit Suisse have highlighted the fragility of the modern banking system. These events occurred within a week, unlike the drawn-out process of the 2007-2008 financial crisis. The quick succession of bank failures underscores the inherent risks of a money system
2023’s banking failures: a wake-up call for an unstable financial system and potential solutions originally appeared in KevinMD.com.
