The structural break in the financial system occurred in 2008, not 2020; everything done since to hold the system together has been 'successful' only by the narrow measure of keeping equity markets and financial assets elevated, while leaving behind unresolved debt and added fragility that makes a rolling crisis recur in forms like the bond market strains and Silicon Valley Bank.

causalpending

Speaker

Grant Williams

Evidence Quote

I think that was where the system broke and I think that everything that's been done since to to keep this thing together... has been successful in air quotes

Source

Grant Williams and Matt Geiger: Investing During Crises and Navigating a Spirited Metals MarketCLEAR COMMODITY NETWORK
Created: 6/18/2026, 1:59:07 PM

My Notes

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