Bitcoin Is Your Way Out of the Banking Crisis
TABLE OF CONTENTS
- How the closed circuit works
- Bitcoin is a way to escape the Matrix
- Get ready for a new “Bank Run” by June 1
Dear reader,
The traditional financial system is like a closed loop…
Bitcoin is a way to escape this loop. This is why governments are stepping up attacks against it.
Last month, the Securities and Exchange Commission (SEC) warned that cryptocurrency offerings in the United States could be illegal because they are not registered with the regulator.
The Securities and Exchange Commission (SEC) is the U.S. government oversight agency that’s responsible for regulating the securities markets and protecting investors.
Soon after, Treasury Secretary Janet Yellen said the United States should put in place a strong regulatory framework for cryptocurrencies.
And Democratic Senator Elizabeth Warren of Massachusetts — who is notoriously a crypto hater — wants federal regulators to act against “bogus audits” of cryptocurrency firms.
She even had the nerve to suggest that cryptocurrencies contributed to the recent banking crisis.
Meanwhile, the same federal authorities that slept behind the wheel as the banking crisis spun unchecked are now planning to spend billions of taxpayer dollars to bail them out again.
Ms Yellen said the Treasury Department was prepared to take “additional action if deemed necessary” to stabilize the banks. This includes insuring deposits above the $250,000 cap set by the FDIC.
This means that your taxes could be used to bail out millionaire and billionaire depositors from failing banks such as First Republic, Silicon Valley and Silvergate.
Why two weights, two measures? Why are banks treated with gloves while bitcoin is treated with an iron fist?
Because bitcoin allows you to escape their financial matrix.
And below I will explain why you need your own exit door before June 1st.
How the closed circuit works
The closed-loop system I’m referring to is the US banking system.
Outside of owning physical gold, virtually every traditional investment you make goes through a bank account or brokerage firm.
Whether stocks, options, futures, bonds or commodities… Trillions of dollars pass through this circuit every year. Money has no way out of the traditional financial matrix.
So it’s no surprise that…
Banks and financial institutions manage assets estimated at $370 trillion. Fund management fees alone are estimated to bring in $503 billion a year.
And they will do anything to keep this pot of honey for themselves.
Together, the securities, investment and banking industries spent more than $202 million lobbying Congress in 2022. Only Big Pharma and the electronics industry spent more, according to the OpenSecrets website.
Almost 73% of lobbyists in the securities and investment industry are former federal public servants. They carry out lobbying activities on behalf of companies such as Charles Schwab, Fidelity, Morgan Stanley and Goldman Sachs.
It’s like a revolving door between the government and these industries. And that’s another way to keep the loop closed.
I’m not saying there’s anything wrong with lobbying. Everyone does.
But it is clear that the big banks and brokerage houses are in close contact with Congress.
They are ready to do anything to protect their closed circuit.
Bitcoin threatens all of this…
Bitcoin is a way to escape the Matrix
First Republic is the 14th commercial bank in the country. On Monday, the Federal Deposit Insurance Corporation (FDIC) seized the bank and sold its $229 billion in assets to JPMorgan Chase.
Where is all this money going? I am convinced that some of this money is going to bitcoin.
After a brief pullback at the end of last month, bitcoin soared nearly 10% following news of First Republic’s impending demise.
Bitcoin’s 72% rise this year has been fueled by people fleeing the traditional closed-loop banking system.
The beauty of bitcoin is that you own it. No one can take it from you.
Also, if you keep your bitcoins yourself, no one can charge you any fees. So you are essentially your own bank.
This is the real reason why bitcoin threatens banks. If you keep your own bitcoin, they can’t make money off of you.
You are completely outside their closed circuit.
Bank and brokerage executives are not stupid. No matter what the feds say, these titans of Wall Street know that cryptocurrencies are the future.
That’s why financial companies like Fidelity and BlackRock create cryptocurrency custody solutions for their clients.
Currently, the market capitalization of bitcoin stands at $551 billion. That’s a drop in the ocean compared to total global wealth estimated at $463 trillion.
If only 5% of this sum is invested in bitcoin, its value will be 42 times higher.
Financial companies will be like ravenous wolves in front of a butcher’s shop. They will find a way in.
The difference with bitcoin is that you don’t have to let them into your store…because you can keep your own tokens.
Regardless of the number of centralized custody solutions on the market, bitcoin is inherently decentralized. It is coded this way.
Bitcoin is no one else’s responsibility. As long as you keep your own bitcoins, they are free from any counterparty risk. And no central authority can alter it.
It is precisely for this reason that the designers of bitcoin created it after the financial crisis of 2008. And the current financial crisis proves that they were remarkably far-sighted.
Get ready for a new “Bank Run” by June 1
My friends, over the coming weeks and months you will see the attacks on bitcoin intensify. And they will probably play the patriotism card.
Some would say it is unpatriotic to buy bitcoins. They will encourage you to keep your money in their closed loop system.
I don’t want you to believe this for a single second.
There’s nothing more patriotic than owning your own assets. This is the basis of American capitalism.
As the banking crisis worsens, more and more people will realize this…
But there’s an even bigger banking crisis looming on the horizon that you don’t hear about in the mainstream media. And I think it could happen as early as June 1.
This bank run could send nearly $20 trillion in investable capital into cryptocurrency.
Through my connections in the crypto space, I just got some crucial information that a new banking regime is set to come into effect on June 1.
This date was set by the financial authorities involved in this new catalyst.
I believe this new regime will trigger a massive run on the banks that will open a rare window of opportunity where the impossible becomes possible.
I’m talking about the possibility of turning $1,000 into a massive six or seven figure gain.
In this week I will explain how cryptocurrencies could protect you from the coming banking crisis. So make sure to subscribe or follow me to get an email whenever I publish an article.
With all of this, it is there for wise to educate yourself about, Bitcoin, cryptocurrencies, trading and investment if you have not already done so.
So read also the following articles,
Ultimate Guide How to Start Investing in Cryptocurrencies
