The Quantum Ledger - our economic environment

In June, the FDIC made it clear that its insurance fund doesn’t cover the failure of nonbanks like Synapse, and that in the event of such a firm’s failure, recovering funds through the courts wasn’t guaranteed.

XRP UNLEASHED / RIGGE FROM THE START (This is what I am watching tonight):

https://fruitionnetwork.vhx.tv/products/xrp-unleashed-digital-copy

Here is a summary of FSB annual report

(full report is attached if you want to read it)

• Persistent vulnerabilities in the global financial system include elevated asset valuations, private sector debt issues, and emerging market pressures from capital flow volatility.

• Structural changes, including the rise of non-bank financial intermediation (NBFI), cyber risks, and climate-related financial risks, pose additional threats.

Priority Areas and New Initiatives

1. Lessons from March 2023 Banking Turmoil: