Read_727 - The Banking Crisis Stays, & the Treasury is Broke [Nik Bhatia, Joe Consorti]

May 03, 2023 00:39:45
Read_727 - The Banking Crisis Stays, & the Treasury is Broke [Nik Bhatia, Joe Consorti]
Bitcoin Audible
Read_727 - The Banking Crisis Stays, & the Treasury is Broke [Nik Bhatia, Joe Consorti]

May 03 2023 | 00:39:45

/

Hosted By

Guy Swann

Show Notes

"The fall of First Republic Bank was the second-largest bank failure by assets in US history, putting us in the 2008 conversation. Times are different, but the bank failures are relatable in size. The total assets of three 2023 failures have already eclipsed the total assets of all the banks that failed during the Great Financial Crisis" — Nik Bhatia, Joe Consorti Today we dive into a short breakdown of the breakdown of the banking system with The Bitcoin Layer. The banking crisis is here to stay, the Treasury is even more broke than they guessed, interest rates are still going up, inflation isn't stopping, and what does this all mean for our money, and our Bitcoin? Find out in today's episode. Check out the original, plus tons of other great updates in The Bitcoin Layer, and the eye opening visuals that come with this article at the link: https://thebitcoinlayer.substack.com/p/banking-crisis-is-not-going-anywhere Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Code BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets! Don't forget to check out our amazing sponsors: • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------ "The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics." — Thomas Sowell Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

June 10, 2020 00:57:52
Episode Cover

GuysTake_28 - Bitcoin & The Layers of Financial Cryptography

A follow-up to yesterday's incredible read from The Nakamoto Institute by Ian Grigg, The 7 Layers of Financial Cryptography. Today we dig into what...

Listen

Episode

August 09, 2018 00:38:09
Episode Cover

CryptoQuikRead_127 - What Will Bitcoin Look Like in 20 Years? [Part 1]

Will the price increase forever?  Will government currencies be a thing of the past? Will there be a singular, global economy? And how do...

Listen

Episode

December 24, 2019 01:36:43
Episode Cover

Reboot - Shelling Out: The Origins of Money [Nick Szabo]

"The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of...

Listen