Discover and read the best of Twitter Threads about #BankCrash
Most recents (5)
There has been some speculation about what would happen if the traditional banking system disappeared and whether Bitcoin could be a viable replacement.
Here are a few thoughts on the matter: ⬇️⬇️
#Avalanche #Arbitrum #Ethereum #BankCrash
Here are a few thoughts on the matter: ⬇️⬇️
#Avalanche #Arbitrum #Ethereum #BankCrash
1/ First, it's essential to recognize that the traditional banking system provides a wide range of services beyond just holding and transferring funds.
These services include everything from issuing loans and mortgages to facilitating international trade and managing risk.
These services include everything from issuing loans and mortgages to facilitating international trade and managing risk.
2/ While #Bitcoin can undoubtedly transfer funds, it is only equipped to provide some of these other services.
So if the traditional banking system were to disappear, we would need to develop new institutions and plans to replace these functions.
So if the traditional banking system were to disappear, we would need to develop new institutions and plans to replace these functions.
I mentioned in an earlier tweet that Stena line were previous owners of Wightlink; here's the info en.wikipedia.org/wiki/Wightlink
Previous thread here;
If you look at Shankar Singam's tweet, He's linked in the Freeport with another tweet, which is where I saw StenaLine;
Banks are "running out of cash", starting with SVB.
Right after the pilot program for CBDC.
And there are still some people who think they're not gonna switch over to their cashless surveillance crypto.
It's time for those people to wake up and smell the fascism.
RIGHT now.
Right after the pilot program for CBDC.
And there are still some people who think they're not gonna switch over to their cashless surveillance crypto.
It's time for those people to wake up and smell the fascism.
RIGHT now.
Buncha dumb MFs are saying you should blame Trump for everything here, but the #BankCrash and #BankRuns were inevitable, because they need sufficient market shocks to switch to the new system.
Biden wants CBDC too, as do leaders in all WEF-aligned governments. It's the plan.
Biden wants CBDC too, as do leaders in all WEF-aligned governments. It's the plan.
#SVBCollapse, partly triggered by Peter Thiel - steering committee of the Bilderberg Group, and VC manager for the military and intelligence industrial complex - was obviously useful to their fascist cashless surveillance state.
"Don't want a Great Depression? Get Fedcoin!"
"Don't want a Great Depression? Get Fedcoin!"
⭐️One of the largest banks in the U.S., #SiliconValleyBank, has gone bankrupt. This is the largest bankruptcy in the United States since the 2008 financial crisis.
It has raised question marks on the existence of 1000's of startups in the US and in India too.
#Thread
#BankCrash
It has raised question marks on the existence of 1000's of startups in the US and in India too.
#Thread
#BankCrash
1. California banking regulators pulled the shutters on #SiliconValleyBank (SVB), a lender to some of the largest tech companies in the world, on 10th March, making it the largest bank to fail since the global financial crisis of 2008.
2. US regulators closed #SiliconValleyBank and took control of its deposits, a move which puts nearly $175 billion in customer deposits under the Federal Deposit Insurance Corp’s control.
🆘SVB Financial $SIVB collapse explained 🥵
~ Just 24 hours ago $SIVB was trading at over $260/share it hit a low of $33.40 today
~ It is currently halted after being shut down by regulators & taken over by the FDIC
~ Largest bank failure since 2008
#banks #financialcrisis
🧵⤵️
~ Just 24 hours ago $SIVB was trading at over $260/share it hit a low of $33.40 today
~ It is currently halted after being shut down by regulators & taken over by the FDIC
~ Largest bank failure since 2008
#banks #financialcrisis
🧵⤵️
🚨 What happened? Here's the $SIVB story
~ Silicon Valley Bank parent company SVB Financial Group has collapsed after disclosing large losses from securities sales & a stock offering meant to provide a boost to its balance sheet
#BankCrash
🧵⤵️
~ Silicon Valley Bank parent company SVB Financial Group has collapsed after disclosing large losses from securities sales & a stock offering meant to provide a boost to its balance sheet
#BankCrash
🧵⤵️
⏺️ $SIVB helps fund technology startups backed by venture-capital firms
~ Rising interest rates, fears of a recession & a slowdown in the market for initial public offerings has made it harder for early-stage companies to raise cash
~ This led firms to draw down on their deposits
~ Rising interest rates, fears of a recession & a slowdown in the market for initial public offerings has made it harder for early-stage companies to raise cash
~ This led firms to draw down on their deposits
