David Sacks has said:
The Fed may or may not realize it but it has created a two-tier banking system:
1. Tier 1: Systemically Important Banks. These are the "too big to fail" biggest banks. If you have money there, it's a true deposit. You can't lose it.
2. Tier 2: Everyone Else. If you have money there, it's not a true deposit. It's an unsecured loan to that bank. You can lose it in a bank failure.
Now tell me, why would anyone use Tier 2?
The Savannah Bananas are the best story in sports.
Their owner went $1.8 million in debt to build the Harlem Globetrotters of baseball — and it's working.
The team now makes $200,000 per home game and is about to embark on a 70-game tour across 22 states.
Here's the story 👇
Maher is the kicker from the replacements he owes money and just missing these so they don’t kill him. No way professional kicker misses two xp. #shavingpoints