.theRealKiyosaki says US regional banks are being wiped out by the Fed, still bets on Bitcoin. $BTC
has taken to Twitter to comment on the plunge of the share price of First Republic Bank based in San Francisco.Kiyosaki claims that the Federal Reserve is destroying regional banks across the U.S. via the repo market. These banks are the"heart and soul of economy," he added. Since the start of the year, around 10 banks in the U.S., including Silvergate, Silicon Valley Bank and Signature Bank.
Silvergate was shut down, and the other two were bailed out by the U.S. government. Yesterday, the news came that the stock price of First Republic Bank plunged, with tens of billions plummeting in deposits, escalating the U.S. banking crisis. The bank is now facing the option of getting its assets sold.However, on the same day, the flagship digital currency went down sharply to the $27,000 level; Bitcoin positions worth nearly $190 million were liquidated across multiple crypto exchanges.
This happened at the same time as rumors emerged that Mt. Gox and U.S. government wallets were moving large amounts of Bitcoin., making it cut its staff by 18,000 jobs without credit flowing."Is this intentional? Is a depression intentional?" the author of"Rich Dad Poor Dad" asks rhetorically. He believes the best idea now is for consumers to get their USD out of regional banks.
WTF. What The Fed? Why is Fed destroying regional banks across America? Regional banks are heart and soul of economy. Fed via the Repo Market killing regional banks. Is this intentional? Is a depression intentional? WTF is Fed up to? Get $ out of Regionals.
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