BankSith on Nostr: As the financial landscape shifts dramatically, the demise of Credit Suisse has ...
As the financial landscape shifts dramatically, the demise of Credit Suisse has created UBS as a banking entity that is now twice the size of Switzerland's economy. This unprecedented situation raises concerns about the stability of one of the world's wealthiest nations per capita. If this colossal institution were to falter again in another Lehman scenario, it could trigger a catastrophic meltdown, shaking the foundations of a country that has long been a bastion of financial security.
The current state of fiat money, characterized by government monopolies, concentration and fractional reserve banking, reflects a system that many argue is rooted in a form of central planning reminiscent of Marxist principles. The relentless expansion and manipulation of the money supply by central banks have led to a growing consensus that individuals should safeguard their wealth in hard assets like gold and bitcoin. If you're unfamiliar with the significance of 1971 in this context, it’s worth a quick search—or perhaps a chat with your tech-savvy 12-year-old who might already be holding bitcoin in a cold wallet.
In light of these developments, UBS Group is contemplating relocating its headquarters as Swiss authorities push for the bank to bolster its capital reserves by an additional $25 billion. This move could elevate its key capital ratio from the current 14% to a staggering 20%, according to a Bloomberg report citing sources close to the matter. Such measures underscore the precarious nature of the banking system and the urgent need for individuals to consider alternative forms of wealth.
#Gold and #bitcoin not only serve as hedges against inflation and economic instability but also embody the principles of financial sovereignty and independence. In these uncertain times, embracing hard money could be the best defense against the looming threats of a fiat endgame.
The current state of fiat money, characterized by government monopolies, concentration and fractional reserve banking, reflects a system that many argue is rooted in a form of central planning reminiscent of Marxist principles. The relentless expansion and manipulation of the money supply by central banks have led to a growing consensus that individuals should safeguard their wealth in hard assets like gold and bitcoin. If you're unfamiliar with the significance of 1971 in this context, it’s worth a quick search—or perhaps a chat with your tech-savvy 12-year-old who might already be holding bitcoin in a cold wallet.
In light of these developments, UBS Group is contemplating relocating its headquarters as Swiss authorities push for the bank to bolster its capital reserves by an additional $25 billion. This move could elevate its key capital ratio from the current 14% to a staggering 20%, according to a Bloomberg report citing sources close to the matter. Such measures underscore the precarious nature of the banking system and the urgent need for individuals to consider alternative forms of wealth.
#Gold and #bitcoin not only serve as hedges against inflation and economic instability but also embody the principles of financial sovereignty and independence. In these uncertain times, embracing hard money could be the best defense against the looming threats of a fiat endgame.