Building Wealth With Tomii Academy

Building Wealth With Tomii Academy

Share this post

Building Wealth With Tomii Academy
Building Wealth With Tomii Academy
The NEXT CHAPTER of the Silicon Valley Bank Fiasco

The NEXT CHAPTER of the Silicon Valley Bank Fiasco

John Kim's avatar
John Kim
Mar 15, 2023
∙ Paid
15

Share this post

Building Wealth With Tomii Academy
Building Wealth With Tomii Academy
The NEXT CHAPTER of the Silicon Valley Bank Fiasco
5
Share

As the next chapter to this article, published a few days ago, I will explain in this article for those not in the know, why savings deposited in most US and European banks are not nearly as safe as depositors believe them to be. Through mechanisms by which reserve ratios have been systematically destroyed in the EU and the US through bank lobbyists, the amount of reserves in federal bank insurance depositories are wholly inadequate to even support the collapse of one large global bank, let alone a few. Therefore insurance reserves are wholly inadequate to make depositors whole if a single large global bank failed and the currencies necessary to do so would have to come from the creation of dollars or Euros out of nothing by Central Banks, thus significantly devaluing the purchasing power of all existing USD or Euro holders as they did in 2008.

Thus, there is no “win” for any depositors with the failure of a big US or EU bank, even if depositors were, in fiat amount only, made “whole”.

skwealthacademy by J. Kim is a 100% reader-supported publication. To receive access to the rest of this article subscribe today.

Keep reading with a 7-day free trial

Subscribe to Building Wealth With Tomii Academy to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 J. Kim
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share