jasontheoriginal on Nostr: 186 banks are on the verge of collapse. Many in much worse shape than SVB was. Yellen ...
186 banks are on the verge of collapse. Many in much worse shape than SVB was.
Yellen just stated that they are going to insure deposits in big banks not little banks over 250k.
This will cause a bank run on every small bank because you would be the worst run business in the world to leave your company's money in a small bank. Same goes for anyone with wealth over 250k.
One goes then the next then dominoes fall and you lose 100 banks in two weeks. Anything they do to stop it entails printing 10s of trillions of dollars out of thin air.
Suddenly people open their eyes and realize FIAT is at a fundamental level built to fail and it is only a matter a time before every FIAT goes to zero.
Combination of no one selling and everyone buying. BTC could go to 10 million in 90 days.
Yellen just stated that they are going to insure deposits in big banks not little banks over 250k.
This will cause a bank run on every small bank because you would be the worst run business in the world to leave your company's money in a small bank. Same goes for anyone with wealth over 250k.
One goes then the next then dominoes fall and you lose 100 banks in two weeks. Anything they do to stop it entails printing 10s of trillions of dollars out of thin air.
Suddenly people open their eyes and realize FIAT is at a fundamental level built to fail and it is only a matter a time before every FIAT goes to zero.
Combination of no one selling and everyone buying. BTC could go to 10 million in 90 days.