Is your money safe? – the collapse of SVB and Silvergate
Episode 099
In my opinion the United States banking system is showing great weakness. This weeks collapse of two large banks demonstrates this. These banks collapsed for different reasons but both demonstrate the inherent risks of a fractional reserve banking system.What is going on? What does it mean for you? Is this going to affect the economy or you?
Let’s dive in..
News and Links
Missouri Bill to Protect Bitcoin Mining
Wyoming Passes Bill to Prevent Forced Disclosure of Private Keys
Silvergate Bank Closing
US Government Selling Bitcoin?
March 12th 2023 Weekly Close (USD)
BTC – 22,163.95
Bitcoin Block at time of recording:
780,574
Podcasting 2.0 Apps available at http://podcastapps.com/ and the Value4Value information page available here: https://value4value.info/
I can be reached by email at mcintosh@gen-btc.com and on Twitter at @McIntoshFinTech. My mastodon handle is @mcintosh@podcastindex.social. Looking forward to hearing from you!
Website
Music Credits
Rock Guitar Intro 07 by TaigaSoundProd
Link: https://filmmusic.io/song/8342-rock-guitar-intro-07
License: https://filmmusic.io/standard-license
Funky Life by WinnieTheMoog
Transcription
Hey, sat stackers. It’s January the 30th. This is episode 93 of Generational Wealth of Cryptocurrency. I’m your host, McIntosh. Today’s episode is about the bitcoin halving.
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