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Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

Leave a Comment / Bill Ackman, Bill Ackman Train Wreck, Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, First Citizens Bank, Monica Crowley, Seized bitcoin, SVB, The Weekly, Treasury, US government / admin / April 2, 2023 / Bill Ackman, Bill Ackman Train Wreck, First Citizens Bank, Monica Crowley, Seized bitcoin, SVB, The Weekly, Treasury, US government

Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for […]

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review Read More »

‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

Leave a Comment / 2007-2008 crisis, 2008 Financial Crisis, Agorism, Austrian Economics, Banking Crisis, Bitcoin, Black Market, Cash, CBDC, central bank digital currency, Corbett Report, Countereconomics, Countereconomy, COVID-19, credit suisse, Crypto Hacked, Cryptocurrency, dystopia, Economic Freedom, Ethereum, Federal Reserve, Financial Surveillance, Great Reset, Hyperinflation, inflation, interest rates, Interview, James Corbett, Jekyll Island, long-term treasuries, New World Order, Panic of 1907, Recession, Signature Bank, SVB, Technocracy, The Corbett Report, Voluntaryism, WEF, World Economic Forum / admin / March 31, 2023 / 2007-2008 crisis, 2008 Financial Crisis, Agorism, Austrian Economics, Banking Crisis, Black Market, Cash, CBDC, central bank digital currency, Corbett Report, Countereconomics, Countereconomy, COVID-19, credit suisse, dystopia, Economic Freedom, Federal Reserve, Financial Surveillance, Great Reset, Hyperinflation, inflation, interest rates, Interview, James Corbett, Jekyll Island, long-term treasuries, New World Order, Panic of 1907, Recession, Signature Bank, SVB, Technocracy, The Corbett Report, Voluntaryism, WEF, World Economic Forum

Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical precedents, and pointing ahead to an inevitable and bleak, technocratic surveillance future leveraging central bank digital currencies (CBDCs) should nothing be

‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’ Read More »

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

Leave a Comment / accountability, Banking, banks, Bitcoin, bridge bank, california, ceo, CFO, Chandra Vanipenta, Class-Action, collapse, Crypto Hacked, Cryptocurrency, damages, depositors, Disclosure, Ethereum, Executives, FDIC, federal court, Federal Deposit Insurance Corporation, Federal Funds Rate, Federal Reserve, financial institution, interest rates, Investigation, Lawsuit, News, Prosecutor's, San Francisco, San Jose, Securities and Exchange Commission, Shareholders, Silicon Valley Bank, stock sales, SVB, SVB Financial Group, Treasury, U.S. Department of Justice, Wall Street Journal, Washington / admin / March 14, 2023 / accountability, Banking, banks, bridge bank, california, ceo, CFO, Chandra Vanipenta, Class-Action, collapse, damages, depositors, Disclosure, Executives, FDIC, federal court, Federal Deposit Insurance Corporation, Federal Funds Rate, Federal Reserve, financial institution, interest rates, Investigation, Lawsuit, News, Prosecutor's, San Francisco, San Jose, Securities and Exchange Commission, Shareholders, Silicon Valley Bank, stock sales, SVB, SVB Financial Group, Treasury, U.S. Department of Justice, Wall Street Journal, Washington

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders Read More »

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System

Leave a Comment / Bail-Out, bank bailout, Bitcoin, Crypto Hacked, Cryptocurrency, Economics, Ethereum, government bailout, Janet Yellen silicon valley bank, Janet Yellen SVB, Silicon Valley Bank, silicon valley bank bailout, SVB, SVB bailout, Treasury Secretary / admin / March 14, 2023 / Bail-Out, bank bailout, Economics, government bailout, Janet Yellen silicon valley bank, Janet Yellen SVB, Silicon Valley Bank, silicon valley bank bailout, SVB, SVB bailout, Treasury Secretary

Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced measures to rescue depositors of failed Silicon Valley Bank and

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System Read More »

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

Leave a Comment / Asset, Binance, Binance BUSD, Bitcoin, bnb, BTC, BUSD, Changpeng Zhao, circulating supply, conversion, Crypto Hacked, Cryptocurrency, CZ, Decision, depegging, depegging incidents, ETH, Ethereum, exchange portfolio tool, fund, Industry Recovery Initiative, Investors, Nansen, News, Onchain movements, Parity, Paxos, Reassurance, Regulators, safe, Silicon Valley Bank, Stablecoin, Stablecoin Prices, Stablecoins, SVB, Transparency, troubles, USDC / admin / March 13, 2023 / Asset, Binance, Binance BUSD, Bitcoin, bnb, BTC, BUSD, Changpeng Zhao, circulating supply, conversion, Cryptocurrency, CZ, Decision, depegging, depegging incidents, ETH, Ethereum, exchange portfolio tool, fund, Industry Recovery Initiative, Investors, Nansen, News, Onchain movements, Parity, Paxos, Reassurance, Regulators, safe, Silicon Valley Bank, Stablecoin, Stablecoin Prices, Stablecoins, SVB, Transparency, troubles, USDC

On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum Read More »

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Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

Leave a Comment / 19th century, bank runs, Banking, banks, Bitcoin, Crypto Hacked, Cryptocurrency, cybersecurity, data privacy, digital transformation, Economics, Economist, electronic transactions, Ethereum, FDIC, FDIC insurance, Finance, financial contagion, Financial Crisis, Financial Institutions, Financial Markets, Financial Regulation, Financial Services, financial stability, fractional reserves, Global Economy, Information Security, Mises, Mobile banking, Modern Day Bank runs, Murray Rothbard, online banking, risk management, Robert Murphy, Satoshi Nakamoto, Silicon Valley Bank, SVB, Technology, US Banking, White Paper / admin / March 12, 2023 / 19th century, bank runs, Banking, banks, Bitcoin, cybersecurity, data privacy, digital transformation, Economics, Economist, electronic transactions, FDIC, FDIC insurance, Finance, financial contagion, Financial Crisis, Financial Institutions, Financial Markets, Financial Regulation, Financial Services, financial stability, fractional reserves, Global Economy, Information Security, Mises, Mobile banking, Modern Day Bank runs, Murray Rothbard, online banking, risk management, Robert Murphy, Satoshi Nakamoto, Silicon Valley Bank, SVB, technology, US Banking, White Paper

After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why

Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking Read More »

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

Leave a Comment / appropriately capitalized, Assets, Auction, Bailout, bank runs, Banking system, Bill Ackman, billionaire, Bitcoin, Bloomberg Report, branches, California regulators, comment, Craft Ventures, Crypto Hacked, Cryptocurrency, David Sacks, debate, Decision, Ethereum, FDIC, final bids, Galaxy Digital, Garry Tan, Janet Yellen, Mike Novogratz, Monday, News, receivership, response, Silicon Valley Bank, SVB, SVB issues, system, tech founders, U.K., U.S., U.S. Treasury Secretary, Venture Capitalists, weaknesses, Y Combinator / admin / March 12, 2023 / appropriately capitalized, Assets, Auction, Bailout, bank runs, Banking system, Bill Ackman, billionaire, Bloomberg Report, branches, California regulators, comment, Craft Ventures, David Sacks, debate, Decision, FDIC, final bids, Galaxy Digital, Garry Tan, Janet Yellen, Mike Novogratz, Monday, News, receivership, response, Silicon Valley Bank, SVB, SVB issues, system, tech founders, U.K., U.S., U.S. Treasury Secretary, Venture Capitalists, weaknesses, Y Combinator

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow Read More »

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

Leave a Comment / Bail-Out, bank bailout, Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, Featured, government bailout, Janet Yellen silicon valley bank, Janet Yellen SVB, Silicon Valley Bank, silicon valley bank bailout, SVB, SVB bailout, Treasury Secretary / admin / March 12, 2023 / Bail-Out, bank bailout, Featured, government bailout, Janet Yellen silicon valley bank, Janet Yellen SVB, Silicon Valley Bank, silicon valley bank bailout, SVB, SVB bailout, Treasury Secretary

U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government Not Considering a Bailout for SVB,

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank Read More »

Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review

Leave a Comment / Bitcoin, China, Crypto Hacked, Cryptocurrency, dedollarization, Elizabeth Warren, ERC20, Ethereum, FDIC, India, OIL, Sell Off, Silicon Valley Bank, Silvergate Bank, SVB, The Weekly, USD, Vitalik Buterin / admin / March 12, 2023 / China, dedollarization, Elizabeth Warren, ERC20, FDIC, India, OIL, Sell Off, Silicon Valley Bank, Silvergate Bank, SVB, The Weekly, USD, Vitalik Buterin

It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.” Additionally, U.S. Regulators closed Silicon Valley Bank after reports of a bank run and other troubles. In

Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review Read More »

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

Leave a Comment / Banking system, Bitcoin, Blockchain, Circle Financial, Corporate Resources, Crypto asset, Crypto Hacked, Cryptocurrency, Ethereum, External Capital, Failed Institution, FDIC, issuance, Liquidity, Market Capitalization, Negative Scenario, News, Ordinary Course, Parity, Public Update, Reassurance, redemption, Reserve Assets, Settlement, shortfall, Silicon Valley Bank, Stablecoin, Stand Behind, Stored-Value Money Transmission Regulation, SVB, transactions, transfers, usd coin, USDC, volume / admin / March 12, 2023 / Banking system, Blockchain, Circle Financial, Corporate Resources, Crypto asset, External Capital, Failed Institution, FDIC, issuance, Liquidity, Market Capitalization, Negative Scenario, News, Ordinary Course, Parity, Public Update, Reassurance, redemption, Reserve Assets, Settlement, shortfall, Silicon Valley Bank, Stablecoin, Stand Behind, Stored-Value Money Transmission Regulation, SVB, transactions, transfers, usd coin, USDC, volume

On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ Read More »

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Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

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