Episode 99 – Is Your Money Safe? The collapse of SVB and Silvergate

Source Node: 2915067

In my opinion the United States banking system is showing great weakness. This weeks collapse of two large banks demonstrates this. These banks collapsed for different reasons but both demonstrate the inherent risks of a fractional reserve banking system.What is going on? What does it mean for you? Is this going to affect the economy or you?

Let’s dive in..

News and Links

Missouri Bill to Protect Bitcoin Mining

Wyoming Passes Bill to Prevent Forced Disclosure of Private Keys

Silvergate Bank Closing

US Government Selling Bitcoin?

Block Height at time of recording: 780,574

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I can be reached by email at mcintosh@gen-btc.com and on twitter at @McIntoshFinTech. My mastodon handle is @mcintosh@podcastindex.social. I’m also on matrix at @mcintosh1775:matrix.org. Looking forward to hearing from you!

Website

https://gen-btc.com

Music Credits

Protofunk by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/4247-protofunk

License: https://filmmusic.io/standard-license

The following music was used for this media project:

Music: Ethernight Club by Kevin MacLeod

Free download: https://filmmusic.io/song/7612-ethernight-club

License (CC BY 4.0): https://filmmusic.io/standard-license

Artist website: https://incompetech.com

Time Stamp:

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