Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review

Speculation and statement proceed to rage surrounding the existent planetary banking debacle. Hedge money manager Michael Burry — known for predicting 2008’s economical situation — is drafting comparisons to the Panic of 1907, portion Rich Dad Poor Dad writer Robert Kiyosaki warned this week of much ‘fake money’ being injected into the U.S. economy. In related news, erstwhile subordinate of the U.S. House of Representatives and Signature Bank committee member, Barney Frank, said helium suspects regulators meant to nonstop an “anti-crypto message” successful regards to the bank’s caller failure. All this and much conscionable below, successful the latest Bitcoin.com News Week successful Review.

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

Michael Burry, a hedge money manager renowned for predicting the 2008 fiscal crisis, has drawn parallels betwixt the existent banking turmoil and the Panic of 1907. He noted that 3 weeks aft J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A basal was made this past weekend,” the celebrated capitalist pointed out.

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Robert Kiyosaki Warns of ‘Crash Landing Ahead’ arsenic Bailouts Begin — Advises Buying More Bitcoin

The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and metallic recommendation. Emphasizing that authorities bailouts person begun pursuing the collapses of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed volition inject much “fake money” into the “sick economy.”

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On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank

Credit Suisse has experienced a nonaccomplishment of assurance successful the fiscal institution’s wellness pursuing a important driblet successful its shares’ worth this week. Over the past 5 days, Credit Suisse shares person fallen 24.34% against the U.S. dollar, eroding spot amid fears astir the planetary banking system. On Wednesday astatine astir 9 p.m. (ET), Credit Suisse announced that it was strengthening its liquidity by borrowing 50 cardinal Swiss francs ($54 billion) from the Swiss National Bank (SNB). As concerns astir the world’s banking strategy proceed to spread, bailout measures are starting to look successful the U.S. and abroad.

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Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure

Barney Frank, a erstwhile subordinate of the U.S. House of Representatives from Massachusetts and starring co-sponsor of the 2010 Dodd-Frank Act, discussed his sentiment connected the caller nonaccomplishment of Signature Bank. In an interview, Frank stated that helium believes regulators aimed to “send a precise beardown anti-crypto message.” Frank, who besides serves arsenic a Signature committee member, explained that helium was amazed by the fiscal institution’s demise.

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What bash you think? Are the banking dominoes present falling portion of an engineered anti-crypto agenda? Let america cognize successful the comments conception below.

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