Pandemic
The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]
The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.
Maximillian Alvarez discusses his most recent book on so-called ‘essential workers’ at the start of the ongoing coronavirus pandemic, ‘The Work of Living’, with Chris Hedges.
The post The Chris Hedges Report: COVID-19 Proved Workers, Not the Bosses, Make the World Run appeared first on scheerpost.com.