Thebrownblob
Well-Known Member
They are trying to implement their own digital currency. All others are a threat.
Nervous on banks?
- Thread starter Over70irregs
- Start date
Absolutely
Over70irregs
Well-Known Member
Decentralization is the assurance that attacks are futile. We are in the acceptance stage. Crypto is allowed to function to stall for time .(My opinion- I believe the banking fiasco is being used for cbdc implementation.)
Thebrownblob
Well-Known Member
It is absolutely being used for CBDC implementation. Still lots of problems with crypto, even though I have some. For example, what if the grid is down? And bitcoin transactions are very slow.
Over70irregs
Well-Known Member
Grid goes down no planes, kidney dialysis or traffic or security cameras. There would be mass rioting and looting. Get food water and def supplies. Tx speed use lightning
️. Btc will stabilize grid and incentivize cheaper energy.
Thebrownblob
Well-Known Member
Sure, but I still have my gold, guns and ammo to do trade and protect myself. Don’t get me wrong. I like some crypto but ultimately gold and silver is real money.
Thebrownblob
Well-Known Member
Interesting
markets.businessinsider.com
The Silicon Valley Bank crisis will force the Fed to slash rates by 100 basis points to prevent contagion, market guru says
"In essence, the Fed is causing this bank run," said Larry McDonald, founder of The Bear Traps Report.
markets.businessinsider.com
Over70irregs
Well-Known Member
Well………. No one has gold or silver. The kids have absolutely none. They rather have $100 on cashapp than a $100 bill. It cannot be verified quickly. You can be robbed and done. Stores do not accept it. Cannot use it online. Have to go to pawn shop…….. they would RAKE you on price and give you what….. $ bills? Imagine the lines. Remember trying to get tissue?
Thebrownblob
Well-Known Member
I don’t know any kids that have crypto either or even understand it
and what on earth in my buying online if it gets to that point? Strictly food, medicine and water.
Over70irregs
Well-Known Member
First Republic Bank $FRC is on the brink. Employees are preparing for the worst.Interesting
The Silicon Valley Bank crisis will force the Fed to slash rates by 100 basis points to prevent contagion, market guru says
"In essence, the Fed is causing this bank run," said Larry McDonald, founder of The Bear Traps Report.
SOURCE: “Nothing we can do now, we’re in this until problem is solved.”
“This will happen quickly.”
“Solutions? Backstopping deposits, major investor, receivership? It’s terrifying.”
Over70irregs
Well-Known Member
They don’t understand a bank run either. Heck adults don’t understand themselves. They do understand qr codes, cashapp, paypal. It won’t get to dystopian status. But black swan push possibility.I don’t know any kids that have crypto either or even understand it
Commercial Inside Release
Well-Known Member
Good time for foreign powers to cash\trade their US bonds, perma-nuke the economy, and invade Taiwan.
Over70irregs
Well-Known Member
Cbdc kill off bank runs. Programmable centralized $ will scare world away or to us.
Asian economist Hu Givesaphuque says capitalism is great.
Thebrownblob
Well-Known Member
Is William K Black aware that we’ve long since passed pure capitalism? The government inserted their selves in every aspect, causing chaos and confusion, as well as picking winners and losers. This is the definition of crony capitalism.
Babagounj
Strength through joy
Bill Ackman says Gov has 48 hours to fix SVB 'irreversible mistake'
Billionaire hedge fund manager Bill Ackman is predicting an economic meltdown following the collapse of Silicon Valley Bank. Ackman is urging the US government to take action to protect customers
- Billionaire hedge fund manager Bill Ackman is predicting an economic meltdown following the collapse of Silicon Valley Bank
- Ackman is urging the US government to take action to protect all of the bank's depositors fearing there could be a ripple effect across other smaller banks
oldngray
nowhere special
SVB had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day'
News Headlines | Today's UK & World News | Daily Mail Online
All the latest breaking UK and world news with in-depth comment and analysis, pictures and videos from MailOnline and the Daily Mail.
Similar threads
