Short Seller That Nailed FTX, SVB, and Silvergate Says ‘They’ May Be Next; It’s a Global Scheme.
"People fall in love with the shiny object, and in the case of FTX it turned out to be a fake," says legendary short seller Marc Cohodes. "The world right now lacks people's ability to actually think. The more I dug in on Silvergate's clients, one was worse than the next [Signature Bank]," he tells Daniela Cambone. "I told people Silvergate is a publicly traded crime scene and the CEO needs to go to jail," Cohodes says. "I'm very proud of the work I did here and the time I put in because two really bad outfits are now out of business," he continues. "I had three bullets in my gun and all three hit the target... I'm also short Helen of Troy. It's headed for big-time trouble," Cohodes predicts. "The cost of living is out of control and the CPI does not capture how expensive it is these days to live," he continues. "The Fed has really messed things up over the past decade and a half with the generation of easy money," Marc states. "It's why these banks are all in trouble. They borrowed all of this cheap money with low interest-rate investments... It's all coming home to roost," he argues. "The Fed is in a real box and they need to take interest rates way up and absolutely kill inflation," Marc continues. "[The Fed] really needs to slow things down hard and break inflation... We are in a zombie state," he concludes.Video by Stansberry Research's Daniela Cambone.
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