by Brian Pillmore | Jun 1, 2023 | Brian's Blog
But ultimately, all that money went BACK to the government. If you take a look at the charts below, You can see both the money supply and the deposit curve increase by $5T in roughly the same time period. So all that stimulus for the people ends up being held by the...
by Brian Pillmore | May 31, 2023 | Brian's Blog
Except these moles have real-world consequences. All the economic chaos that has happened and continues to happen can be traced back to the triggering event of COVID stimulus. $5T poured into the money supply that started the whack-a-mole game. Oh, economic activity...
by Brian Pillmore | May 26, 2023 | Brian's Blog
We may be through the worst of it,But we aren’t out of the weeds yet. To stay afloat, banks will have to manage liquidity well. When I consult with a bank struggling to manage liquidity, here’s how I get them to a safer place: 1. Examine the balance sheet and...
by Brian Pillmore | May 24, 2023 | Brian's Blog
Start a business, and get into sales ASAP. I got into sales at 32.Became a startup founder at 40. I might have been a late bloomer, but now I know firsthand that late truly is better than never. Sales and entrepreneurship have been the greatest catalysts for my career...
by Brian Pillmore | May 17, 2023 | Brian's Blog
Historic bank failures, interest rate hikes, inflation, etc. But inflation has had BY FAR the biggest impact on average Americans. In most circumstances, inflation is a sort of invisible tax that disproportionately affects the poor. In this case, it’s not invisible at...
by Brian Pillmore | May 12, 2023 | Brian's Blog
Here’s what that means for the future ???? When everyone has easy access to standardized, inexpensive, instantaneous ways of performing core functions (opening accounts, taking deposits, issuing loans, international transfers, etc.), Every bank will need to find new...
