Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review

0 0

knife

Speculation and debate continue to rage surrounding the current global banking debacle. Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, while Rich Dad Poor Dad author Robert Kiyosaki warned this week of more ‘fake money’ being injected into the U.S. economy. In related news, former member of the U.S. House of Representatives and Signature Bank board member, Barney Frank, said he suspects regulators meant to send an “anti-crypto message” in regards to the bank’s recent failure. All this and more just below, in the latest Bitcoin.com News Week in Review.

Burry on Banking Crisis, Kiyosaki Warns of 'Fake Money' Injections; Talk of 'Anti-Crypto' Agenda Behind Signature Bank Collapse — Week in Review

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made this past weekend,” the famous investor pointed out.

Read More

Burry on Banking Crisis, Kiyosaki Warns of 'Fake Money' Injections; Talk of 'Anti-Crypto' Agenda Behind Signature Bank Collapse — Week in Review

Robert Kiyosaki Warns of ‘Crash Landing Ahead’ as Bailouts Begin — Advises Buying More Bitcoin

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver recommendation. Emphasizing that government bailouts have begun following the collapses of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed will inject more “fake money” into the “sick economy.”

Read More

Burry on Banking Crisis, Kiyosaki Warns of 'Fake Money' Injections; Talk of 'Anti-Crypto' Agenda Behind Signature Bank Collapse — Week in Review

On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank

Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global banking system. On Wednesday at around 9 p.m. (ET), Credit Suisse announced that it was strengthening its liquidity by borrowing 50 billion Swiss francs ($54 billion) from the Swiss National Bank (SNB). As concerns about the world’s banking system continue to spread, bailout measures are starting to emerge in the U.S. and abroad.

Read More

Burry on Banking Crisis, Kiyosaki Warns of 'Fake Money' Injections; Talk of 'Anti-Crypto' Agenda Behind Signature Bank Collapse — Week in Review

Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure

Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong anti-crypto message.” Frank, who also serves as a Signature board member, explained that he was surprised by the financial institution’s demise.

Read More

What do you think? Are the banking dominoes now falling part of an engineered anti-crypto agenda? Let us know in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 27,816.45
ethereum
Ethereum (ETH) $ 1,903.48
tether
Tether (USDT) $ 0.999976
bnb
BNB (BNB) $ 312.84
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.498753
cardano
Cardano (ADA) $ 0.38103
staked-ether
Lido Staked Ether (STETH) $ 1,903.11
dogecoin
Dogecoin (DOGE) $ 0.072805
matic-network
Polygon (MATIC) $ 0.907521
solana
Solana (SOL) $ 20.88
tron
TRON (TRX) $ 0.076562
polkadot
Polkadot (DOT) $ 5.47
litecoin
Litecoin (LTC) $ 91.53
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000009
avalanche-2
Avalanche (AVAX) $ 14.55
dai
Dai (DAI) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,858.46
uniswap
Uniswap (UNI) $ 5.16
chainlink
Chainlink (LINK) $ 6.57
leo-token
LEO Token (LEO) $ 3.56
cosmos
Cosmos Hub (ATOM) $ 10.80
okb
OKB (OKB) $ 47.04
monero
Monero (XMR) $ 153.95
the-open-network
Toncoin (TON) $ 1.87
ethereum-classic
Ethereum Classic (ETC) $ 18.34
stellar
Stellar (XLM) $ 0.089721
bitcoin-cash
Bitcoin Cash (BCH) $ 115.09
internet-computer
Internet Computer (ICP) $ 4.91
true-usd
TrueUSD (TUSD) $ 1.00
filecoin
Filecoin (FIL) $ 4.64
lido-dao
Lido DAO (LDO) $ 2.22
aptos
Aptos (APT) $ 8.49
hedera-hashgraph
Hedera (HBAR) $ 0.052647
quant-network
Quant (QNT) $ 110.84
arbitrum
Arbitrum (ARB) $ 1.23
crypto-com-chain
Cronos (CRO) $ 0.060577
vechain
VeChain (VET) $ 0.020582
near
NEAR Protocol (NEAR) $ 1.63
apecoin
ApeCoin (APE) $ 3.20
ggtkn
GGTKN (GGTKN) $ 0.112323
the-graph
The Graph (GRT) $ 0.126558
algorand
Algorand (ALGO) $ 0.151487
the-sandbox
The Sandbox (SAND) $ 0.557956
paxos-standard
Pax Dollar (USDP) $ 0.998891
frax
Frax (FRAX) $ 1.00
edgecoin-2
Edgecoin (EDGT) $ 1.00
eos
EOS (EOS) $ 0.901013
aave
Aave (AAVE) $ 67.36
rocket-pool
Rocket Pool (RPL) $ 49.52
elrond-erd-2
MultiversX (EGLD) $ 36.93
render-token
Render (RNDR) $ 2.54
fantom
Fantom (FTM) $ 0.327833
decentraland
Decentraland (MANA) $ 0.483165
tezos
Tezos (XTZ) $ 0.939933
theta-token
Theta Network (THETA) $ 0.879229
blockstack
Stacks (STX) $ 0.629487
axie-infinity
Axie Infinity (AXS) $ 7.10
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,042.25
flow
Flow (FLOW) $ 0.753272
havven
Synthetix Network (SNX) $ 2.44
immutable-x
ImmutableX (IMX) $ 0.764619
neo
NEO (NEO) $ 10.73
bitdao
BitDAO (BIT) $ 0.513167
usdd
USDD (USDD) $ 0.999962
kucoin-shares
KuCoin (KCS) $ 7.48
gala
GALA (GALA) $ 0.029987
radix
Radix (XRD) $ 0.070139
curve-dao-token
Curve DAO (CRV) $ 0.857291
whitebit
WhiteBIT Token (WBT) $ 4.78
gatechain-token
Gate (GT) $ 4.91
bitcoin-sv
Bitcoin SV (BSV) $ 34.25
conflux-token
Conflux (CFX) $ 0.312446
bitget-token
Bitget Token (BGB) $ 0.462412
iota
IOTA (MIOTA) $ 0.224122
kava
Kava (KAVA) $ 1.13
injective-protocol
Injective (INJ) $ 7.53
klay-token
Klaytn (KLAY) $ 0.190766
pepe
Pepe (PEPE) $ 0.000001
bittorrent
BitTorrent (BTT) $ 0.0000006042619
maker
Maker (MKR) $ 638.65
gemini-dollar
Gemini Dollar (GUSD) $ 1.00
sui
Sui (SUI) $ 1.04
casper-network
Casper Network (CSPR) $ 0.049455
chiliz
Chiliz (CHZ) $ 0.100562
huobi-token
Huobi (HT) $ 3.20
mina-protocol
Mina Protocol (MINA) $ 0.569796
tokenize-xchange
Tokenize Xchange (TKX) $ 6.45
pax-gold
PAX Gold (PAXG) $ 1,950.07
optimism
Optimism (OP) $ 1.53
terra-luna
Terra Luna Classic (LUNC) $ 0.000087
frax-share
Frax Share (FXS) $ 6.94
marumarunft
marumaruNFT (MARU) $ 0.249968
gmx
GMX (GMX) $ 56.50
dash
Dash (DASH) $ 43.28
ecash
eCash (XEC) $ 0.000025
compound-ether
cETH (CETH) $ 38.24
tether-gold
Tether Gold (XAUT) $ 1,937.99
trust-wallet-token
Trust Wallet (TWT) $ 1.09