Banks are collapsing, Fed is helpless. Got Bitcoin?

There have been multi $Billion bank runs on Silvergate Bank and Silicon Valley Bank.  Silicone Valley was FDIC insured.  However, 97% of it’s deposits were uninsured due to it’s lack of liquidity.  Past blogs of ours have detailed the FDIC has assets that are 1.2% of total US deposits.  This will not end well!  We started discussing Credit Suisse last year, 3rd quarter.  Appears Credit Suisse could be next:
 

Also watch out for Signature Bank.  This debt crisis we have written about for a year is unwinding now.  Remember the Fed owes the Treasury $30 billion per month in derferred assets which is basically an IOU for losses from that month.  It will pass $40 billion per month very soon, in the coming months.  Jerome Powell just announced the rate raise dropping to 25 bps was premature, and they have to raise rates faster now to catch up.  Inflation is not budging, when the Fed is forced to pivot due to the monthly hemmoraging, it’s hyperinflation.  Get ready for $10 gas, then $20, then $30!  It’s going to get that ugly.  When?  We don’t know but we know Bill Bonner is predicting this and he has nailed every catastrophic financial event since 2001.  It is critical to see these failures before they actually happen.  We have warned, now the chickens are coming home to roost!

 

US treasuries are not being bought by banks, and they are dragging down bond yields: 

 

 

Here is a chart of what China is doing with US Treasuries, selling them fast:
 

US treasuries are a global fire sale!

We know Russia and China are the biggest Bitcoin Whales in the world right now.  Bitcoin is an integral part of their plan to replace the US Dollar, since the Russian sanctions last year.  Click here to read this blog about BRICS reserve currency and how Bitcoin is involved:

 

Kicking Russia out of the swift banking system has been a grave mistake for the US economy.  This will go down in history books.  All we can do is warn and prepare!
 

On a more light hearted note, this meme was funny, in an awkward sort of way:
 

 

The reason BRICS holds Bitcoin for international settlements, or also called cross border payments, is it’s scarcity (also why they use precious metals for backing currency), lightening network (speed of payments), it’s security on the blockchain, and it’s proof of work mining. 
 

Thanks to Jason Lowry author of Softwar, suggested reading, for this next chart.  It shows how the fixed supply at 21 million Bitcoin, the energy required to create proof of work mining, the miners and node operators creating the protocol for Bitcoin.  This all culminates into Bitcoin being the people’s money.  CBDC is the centrally controlled money.  Thus, Bitcoin WILL win:

 

 

We are not financial advisors and this is not financial advise.  Bitcoin could drop pretty low, $18K, or even to $14K!  Although we hope not.  Bitcoin will survive this.  Hold it offline, do not leave any on an exchange.  Buy offline wallets at:
Trezor.io
Coldcard.com
Unchained.com for moving over 401K money from stocks and bonds.  Levelfield Financial will get into that market as soon as the SEC approves their bank charter, and Texas approves their MSB license.  Bitcoin will survive this, the key is, are you going to buy the FUD from main stream media?  Or, are you going to hold the greatest valued, scarcest, most secure, property in US financial history.

 

Give Neutral ATM a try.  We have low rates, convenient locations and we are expanding. Contact Neutral ATM, we will answer all your questions about Bitcoin and using our ATM machines. Find a Neutral ATM Bitcoin machine location near you.