Is Your Money Safe? The collapse of Silvergate and SVB

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

Podcasting 2.0 Apps Available at http://newpodcastapps.com/

I can be reached by email at mcintosh@genwealthcrypto.com and on twitter at @McIntoshFinTech. My mastodon handle is @mcintosh@podcastindex.social. Looking forward to hearing from you!

Website

https://genwealthcrypto.com

Music Credits

Rock Guitar Intro 07 by TaigaSoundProd

Link: https://filmmusic.io/song/8342-rock-guitar-intro-07

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

Funky Life by WinnieTheMoog

Link: https://filmmusic.io/song/6040-funky-life

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

• SEO Powered Content & PR Distribution. Get Amplified Today.
• Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
• Source: https://gen-btc.com/episode-099/