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RE: BITCOIN: Banking Meltdown [eng/срп] БИТКОИН: Распад банака

in Deep Dives3 years ago

This banking crisis is being engineered. The bank was fine on Wednesday. It had very conservative reserves, 30% greater than most banks. On Thursday Peter Thiel started telling his clients to run on the bank, and they did. Friday it was insolvent. Barney Frank, one of the authors of the Dodd-Frank Act, is saying the Signature Bank was closed by regulators to taint crypto, just like SVB was.

Every fractional reserve bank is vulnerable to a bank run, because they keep only a fraction of deposits on hand.

Credit Suisse is where many of the WEF members have their money, so when it started crashing, they shored it up.

This is part of the WEF's plan to force us all into bugpods.

Thanks!