Banks, Crypto, China: Do We Need to Be Afraid? | Omid Malekan & Cal Fussman
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The US financial system has been going through a period of uncertainty, with various factors contributing to this state of affairs. One major issue that has been in the news recently is the occurrence of bank runs and mid-size bank insolvencies. These events have caused concerns about the stability of the banking sector and the broader financial system.
Another factor that has contributed to the current uncertainty is the massive fluctuation of cryptocurrencies. The prices of popular cryptocurrencies like Bitcoin and Ethereum have seen significant fluctuations, with prices soaring to record highs at times and plummeting to new lows at others. This volatility has raised questions about the role of cryptocurrencies in the financial system and their potential impact on traditional banking and finance.
In addition to these domestic issues, there is also growing concern about China's increasing influence as an international deal broker. As China's economy continues to grow and expand, it is seeking to play a greater role in global finance and trade. This has led to some anxiety about the future of US financial dominance and the potential for China to become a major player in the international financial system.
To shed light on these issues, James and his guest, Cal Fussman, are joined by resident financial expert Omid Malekan. Together, they discuss the root causes of the current uncertainty, the issues that are worth worrying over, and what the future may hold for the American financial system. By examining these issues in depth, they hope to provide insights into the challenges and opportunities facing the US financial system in the years ahead.
Read Omid's book: Re-Architecting Trust: The Curse of History and the Crypto Cure for Money, Markets, and Platforms
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