The Coming Collapse of the US Banking System

People line up outside of the shuttered Silicon Valley Bank (SVB) headquarters in Santa Clara, Calif., on March 10, 2023. Justin Sullivan/Getty Images

Commentary

In early October past year, I warned on a looming banking crisis. My warning was based of the near-collapse of the British pension funds in late September, saved only by swift actions of the Bank of England (BoE), and on our analyses on the state of the European banking system.