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How to Lose a Bank in a couple of days….
Unlike every guru’s take on the Silicon Valley Bank debacle, we at the Ribotsky Institute decided to break down the bank’s failure for the rest of us mortals. News organizations and pundits love to throw around the term “failure” or “demise” but these are loosely used terms. How did Silicon Valley Bank fail? Why…
How Did We Get Here…
By Skylar Ribotsky In February 2020, I had the privilege of attending the B’nai Brith Youth Organization (BBYO) international convention in Dallas, Texas. On the second day of the convention, Bari Weiss, former editor for the New York Times spoke. Weiss talked about the Jewish star necklace she received for her Bat-mitzvah in Pittsburg, at…
Smoke and Mirrors
We at the Ribotsky Institute have long stated that cryptocurrencies are just the newest in a long line of scams perpetrated on society through financial engineering. Since cryptocurrency does not really exist and is somewhere in cyberspace, it is a great tool to perpetuate fraudulent behavior. We certainly are not surprised that FTX was forced…
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“The first lesson of economics is scarcity; there is
never enough of anything to fully satisfy all those who
want it. The first lesson of politics is to disregard the
first lesson of economics.”
Thomas Sowell
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