Get the "Ultimate Guide to Bitcoin" course: Use the discount code YT99 to get the best price. In this video, I make the argument that Silicon Valley Bank (SVB) should NOT receive a government bailout. Depositors with less than $250,000 will be made whole by FDIC insurance. Taxpayer money should never be used to bail out bankers and VCs. Printing new money to bail out banks increases inflation for the working and middle classes, who are less likely to employ inflation hedges. If you are moved to help victims of bank collapses, feel free to do so using your own money, not taxpayers' money. Not investment advice! Consult a financial advisor. Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis: NetBank: Rust belt: Opioids and rural America: Sackler family and the cost of doing business: How FDA Failures Contributed to the Opioid Crisis: Billionaires need their bailouts: Bill Ackman uses CNBC to ...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)