Some here may remember that a little over a month ago, I started a thread with the same title as another article written by Ellen Brown. This one to be precise:
Ellen Brown: Banking Crisis 3.0: Time to Change the Rules of the Game | justplainpolitics.com
Well, Ellen's now come out with another article along the same lines today that I think is well worth the read and perhaps a bit of discussion. Quoting a bit from it:
**
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing:
Cryptocurrency experts Caitlin Long and Nic Carter take the opposite view. They acknowledge the link between crypto and the recent wave of bank failures and the runs and threatened runs they triggered, but Carter and Long make a compelling case that it was the FDIC, the SEC and the Federal Reserve that brought the banks down, by a coordinated, extrajudicial “war on crypto” that blocked that otherwise-legal industry from acquiring the banking services it needs.
The public banking movement has run up against similar roadblocks. Both cryptocurrencies and publicly-owned banks compete with the Wall Street-dominated private banking cartel, but more on that after a look at the suspicious events behind the recent bank runs.
The War on Crypto
In a February 2023 article on Pirate Wires, “Operation Choke Point 2.0,” Carter laid out the case that the federal government was quietly attempting to ban crypto. In a 7,000-word March 23 follow-up, “Did the Government Start a Financial Crisis in an Attempt to Destroy Crypto?”, he writes:
**
Full article:
Ellen Brown: How the War on Crypto Triggered a Banking Crisis | Scheerpost
Ellen Brown: Banking Crisis 3.0: Time to Change the Rules of the Game | justplainpolitics.com
Well, Ellen's now come out with another article along the same lines today that I think is well worth the read and perhaps a bit of discussion. Quoting a bit from it:
**
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing:
[Crypto companies] have chosen to be noncompliant and not provide investors with confidence and protections, and it undermines the $100 trillion capital markets …
Silvergate and Signature [banks] were engaged in the crypto business — I mean some would say that they were crypto-backed …
Silicon Valley Bank, actually when it failed, saw the country’s — the world’s — second-leading stable coin had $3 billion involved there, depegged, so it’s interesting just how this was all part of this crypto narrative as well.
Silvergate and Signature [banks] were engaged in the crypto business — I mean some would say that they were crypto-backed …
Silicon Valley Bank, actually when it failed, saw the country’s — the world’s — second-leading stable coin had $3 billion involved there, depegged, so it’s interesting just how this was all part of this crypto narrative as well.
Cryptocurrency experts Caitlin Long and Nic Carter take the opposite view. They acknowledge the link between crypto and the recent wave of bank failures and the runs and threatened runs they triggered, but Carter and Long make a compelling case that it was the FDIC, the SEC and the Federal Reserve that brought the banks down, by a coordinated, extrajudicial “war on crypto” that blocked that otherwise-legal industry from acquiring the banking services it needs.
The public banking movement has run up against similar roadblocks. Both cryptocurrencies and publicly-owned banks compete with the Wall Street-dominated private banking cartel, but more on that after a look at the suspicious events behind the recent bank runs.
The War on Crypto
In a February 2023 article on Pirate Wires, “Operation Choke Point 2.0,” Carter laid out the case that the federal government was quietly attempting to ban crypto. In a 7,000-word March 23 follow-up, “Did the Government Start a Financial Crisis in an Attempt to Destroy Crypto?”, he writes:
The two most crypto-focused banks, Silvergate and Signature, were forced into liquidation and receivership, respectively. The established narrative is that they made “bad bets” and lost, or that they couldn’t handle flighty depositors in the form of tech and crypto startups.
But there’s an alternative version of events being pieced together that is far more sinister …
The preponderance of public evidence suggests that Silvergate and Signature didn’t commit suicide — they were executed.
In January 2023, …ome in the crypto space noticed highly coordinated activity between the White House, financial regulators, and the Fed, aimed at dissuading banks from dealing with crypto clients, making it far more difficult for the industry to operate. This is problematic because it represented an attempted seizure of power far beyond what is normally reserved for the executive branch.
But there’s an alternative version of events being pieced together that is far more sinister …
The preponderance of public evidence suggests that Silvergate and Signature didn’t commit suicide — they were executed.
In January 2023, …
**
Full article:
Ellen Brown: How the War on Crypto Triggered a Banking Crisis | Scheerpost