https://cointelegraph.com/news/bitco...withdraw-funds
What does it all mean? Glad I am not in the bitcoin party
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https://cointelegraph.com/news/bitco...withdraw-funds
What does it all mean? Glad I am not in the bitcoin party
Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”
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https://www.zerohedge.com/crypto/usd...ions-stuck-svb
According to this piece, some crypto holders may be taking a haircut due to the SVB implosion.
In a related story, I read that only about $25B of the $275B in SVB was insured. Apparently, a lot of deep pockets are going to have holes in them.
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Moderator
^^^ In the article several calls are proffered that, essentially, SVB is too big to fail and must be rescued. The voices expressing such desires were from crypto entities that have (or had) billions still on SVB's books as of Friday night. Funny how that works.
Moderator
See the article posted in the Halbot's thread... it suggest that most depositors will walk away whole (the reason is contained in the article.)Originally Posted by SilverPalm
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Stablecoin's Circle Corp. had over $3 billion in SVB. https://www.youtube.com/watch?v=Baou9jOj1QA
Do your own due diligence
I stand united with my friends & family in Canada who seek freedom.
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List of States Where “Money” is Being Redefined and Non Govt Issued Cryptocurrency is Being Banned
March 14, 2023 | Sundance |
Last week South Dakota Governor Kristi Noem broadcast a warning on the Tucker Carlson show about a bill that passed her State House and Senate that she was forced to veto because it changed the definition of money and banned non-govt-issued cryptocurrency like Bitcoin. {Broadcast Warning Here}
The bill stems from the generally innocuous Uniform Commercial Code (UCC), which Daniel Horowitz describes as, “a set of standards to facilitate interstate sales and commercial transactions such that all definitions pertaining to such commerce are uniform and clearly understood.” It looks like Horowitz was the first to transmit the public warning, as identified by two members of the South Dakota House Freedom Caucus, and then Kristi Noem became aware – thus the veto.
Governor Noem warned that the bill was already passing through several states, and if you look at the UCC Amendment tracking page [DATA HERE], she is correct. The states in green on the map below are states where the UCC revision bill has already been introduced.
As Daniel Horowitz notes in his initial warning dated March 2, 2023:
“The revisions to Article I are very clear now that Bitcoin will not be money, because even though the definition provides for electronic money … it says that an asset that is adopted by a government as its medium of exchange will not qualify as money … if the electronic asset, such as Bitcoin, existed before it was adopted by the government. So Bitcoin, of course, exists today; it existed before El Salvador adopted it as its currency … so it will never be money for UCC purposes. The same for other kinds of crypto currencies.” So there you have it. Officials clearly mean to pave the way for CBDC while explicitly barring all competition. (more)
This is obviously alarming.
Additionally, with the timing of this national revision taking place very quietly; and with the failure of SVB and Signature Bank following a few weeks later; and with specific impacts to the cyptocurrency market; one is left wondering if the current bank “failure” and Biden team intervention was not an intentional crisiswith a motive to push government controlled central bank digital currencies into the mainstream.
In essence, was the SVB banking collapse, a designed crisis?And as a result, was the federal government response predetermined and just waiting to be triggered?
When asked last week why her legislature would do this, Noem responded the state politicians likely did not read the bill as it was constructed by lobbyists. Noem is exactly correct and hits on a subject we have discussed here frequently {GO DEEP}. However, one of the more alarming aspects to Noem’s discussion of the issue is thataround 20 other states are considering similar legislation. WATCH:
https://theconservativetreehouse.com/blog/2023/03/14/action-alert-list-of-states-where-money-is-being-redefined-and-non-govt-issued-cryptocurrency-is-being-banned/
Video
https://youtu.be/WVfRzWlmiXg
What's the Frequency, Kenneth?
432Hz
Member
https://cointelegraph.com/news/crypt...t-slams-crypto
Is crypto finally under attack from the government? I always thought it strange that a competitor to central bank fiat was allowed to exist.
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
https://www.marketwatch.com/story/se...=mw_latestnews
SEC is moving in to do some damage as well
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
https://www.zerohedge.com/political/...-fraud-charges
The SEC moves are becoming more visible. Hollywood is feeling the pinch.
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
More influencers on the chopping block
https://fortune.com/2023/04/01/binan...ed-securities/
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