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Jim Bianco, president and macro strategist at Bianco Research, explains what\u2019s causing the recent cascade of bank failures. Yield seekers taking their money elsewhere are putting banks under strain. However, the Signature Bank takeover by New York regulators is \u201ca little fishy,\u201d Bianco says. He adds that DeFi has been holding up strong, providing an \u201calternative to this unstable system that we have right now.\u201d\n\n\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\n\nShow highlights:\n\nwhy Jim thinks this is a liquidity crisis, not a solvency crisis\n\nthe role of crypto and tech startups in the recent bank run\xa0\n\nhow people have been pulling out of crypto in the past 18 months\n\nwhy the traditional fractional reserve system for banks is broken\n\nwhy crypto projects like Aave and Compound are solutions\n\nwhy Jim says the Fed is a \u201clegal counterfeiter\u201d\n\nwhy money moving around so fast is a challenge to our antiquated financial system\xa0\n\nwhether Signet, Signature Bank\u2019s digital payments platform, is the real reason why regulators shut the bank down\n\nwhether the Fed will succeed or fail with FedNow, its instant payment system\n\n\nThank you to our sponsors!\nCrypto.com\nRailgun DAO\xa0\nGuest\nJim Bianco, President and founder of Bianco Research\n\nLinks\n\nUnchained:\n\nThe Fall of SVB: What Happened and How It Affects Crypto\n\nWas Signature Bank Actually Insolvent?\n\nCircle to Bring On New Banking Partner for USDC Minting, Redemption\n\nRegulators Close Signature Bank Following SVB Collapse\n\nSilvergate to Wind Down Operations in \u2018Voluntary Liquidation\u2019\n\nCNBC: Long-awaited Fed digital payment system to launch in July\n\n\nRam Ahluwalia\u2019s tweet on the Fed\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices