This time it might be considerably worse than 2008… we now got wanna-be-banks mining crypto…
“PayPal’s crypto partner mints a whopping $300 trillion worth of stablecoins in ‘technical error’”
“Regional banks and Jefferies shares tank as concerns grow on Wall Street about sour loans”
Opt out. Study #bitcoin 🧡
When gold and silver are going crazy like this it's a surefire sign of systematic banking risk.
It's almost certainly worse than 2008.
https://www.zerohedge.com/markets/regional-banks-crash-more-credit-cockroaches-emerge
Regional banks always go first because they are the least well capitalized. For financial news I tend to avoid CNBC, everyone in the industry reads zerohedge.
There's no way Trump admin would leave the community bank hanging.
They deem them as systematically important for their main-street revival strategy.
They will get the rope, and they will be nudged to offer crypto and stablecoins to their local customers.
Last week Bessent was dreaming up the Crypto Christmas Cards provided by community banks. The rails are getting ready.
https://video.nostr.build/a87a6632196fe066ad219460fe2aee5b1e69b95852982cfa74e5fd609d98bf2e.mp4
Beginning of the end of Tradfi
