On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher states that the collapse of the Silicon Valley Bank (SVB) is “related” to and “a consequence” of massive deficit spending during the coronavirus pandemic because the fact that the “sugar blind” was generous Very much during COVID,” he said, “a lot causing inflation.” Because “you can’t put $6 trillion that you don’t have into people’s pockets and not expect some inflation.” This inflation caused the Federal Reserve to raise interest rates, which subsequently led to the collapse of the SVB.
Former presidential candidate Andrew Yang stated that the recent interest rate increases caused the collapse of the SVB due to the amount of money the bank invested in buying treasury bonds and that higher interest rates made treasury bills risky.
Maher said then, “And interest rates went up because of inflation, that’s why they had to — well, so, when my uncle’s sugar was so generous during COVID, that was a consequence of that. That’s what caused the inflation — a lot of that caused the inflation. You can’t Put the $6 trillion you don’t have in people’s pockets and don’t expect some inflation, that’s what caused this rate [hike] And so, everything is connected. “
He follows Ian Hanchett on Twitter @employee
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