we've seen a bigger bank stepping in to shore up the smaller banks and prevent further knock on effects. but do the bigger banks have a healthy enough balance sheet to continue this and fail out the smaller, weaker banks, the contagion effect. and how many people have investments, people's like the retirement people's different uh, wall street investments. i mean, they're tied into a lot of people's lives, so i understand why they're trying to keep these things float and keep them active . but the one thing that we've got to take in consideration is, uh, prior to the 2020, there was a 10 percent reserve requirement that the banks were required to have on hand at all times, which meant they had to have 10 percent of their funds at one hand, since 2020, that reserve requirement has been taken away. banks aren't required to have any reserve requirement at all anymore. so i've even told people now what the way banking is. we really need to look at banking as how we would look at it as an investment. don't deposit more than you're willing to lose. because the other thing i would have mentioned with the difference between 2008 and where we are today is

bail lands versus bailouts because we had bailouts taken place then. and since then, there's been, legislation was passed in the united states though, allows for bill ends, which affects the customers of the banks. they will be the ones who will be losing their funds. and this is just beginning out. obviously, i think everybody's in agreeance that the cracks are just starting to get deeper. it is going to get worse before it even gets better, as far as these bank collapse. but it is all done by design because we have the offering in a fed. now coming, which is supposed to be taking place in june or july, and i believe july is a specific date the, the pushing for, but it wouldn't surprise me if it comes out sooner and fed now in an instant payments service. 247365 is some sort of alternative to block chain technology that's completely centralized control by the federal reserve could estimate these failure been prevented that anyone for see this happening to?

absolutely, the interesting thing with the signature bank in particular is you had a barney frank, who from the dodd frank act as one of the advisors on the board of directors for signature bank. he has come out saying that there was absolutely no reason for signature bank to be shuddered. but if you actually do a little bit of digging and researching and we'll see that signature was under an investigation for money laundering by the department of justice as well as the as the c. so there's been some things that were taking place on the back end prior to the actual federal reserve and treasury stepping in to shutter the bank. but again, the commonality that you had between silver gate, initially, which took place several weeks, maybe a month or so before as be the silicon valley bank situation and followed up by signature. those 3 banks. the one thing that they all have in common is they were all crypto friendly and they were the most friendly bank. so it was a, it was obviously a very direct attack on crypto currency. and we are seeing that coming from the

united states government, especially under the, by the new ministration from the cc, all the way to the photo was, or to your head of your chair. had mis mister janet, you know, and they are all right now, conspiring to try to make crypto and accessible to the general public so they can assure, and their big brothers surveillance client, they're calling central bank digital currency. are these banks truly too big to fail? because they're not as big as jp morgan chase or city bank. so why were they not allowed to fail and what, what the ramifications have been as well the thing is too big to fail. bangs, but it's not too big to fail. is too big to allow to fail. so what the federal reserve and the treasury is come out already saying as far as their back stops, is, is when they're having bank failures. if these particular banks don't cause contagion to the rest of the system, they're gonna allow for the failure to take place. so in, in videos that i have covered on my general rights tv ex,

i've come up to the equation. this is all problem reaction solution. consolidation, you want to get it consolidated down to the few, the few there in the club, the central bank, digital currency. the financial institution is a traditional financial institutions like your jp morgan and your bank of america. again, some people think that these institutions are too big to fail. they're just too big to allow to fail. that is a difference between something like a silicon valley bank versus a jp morgan. also. i mean, we and i'm sure it will bring us up. those bank collapse has also had a lot to do with um taking away entry and exit points for people regarding crypto currency. thank you so much, chris, but please stick around. chris rice, so it'd be joining us right after the break. and when we come back is big coined a more secure alternative to traditional banking system. and the answer, well have that for you after the break,

the, the toner, it'll see skit through sheet and they will see skit out of the go with the feed that you sent those last i was, i'm over here on is zacko. go on that they're not showing in of each put up and you're not, you should have full state taxation. you folks have should have that should that i, she's yes, which one you have about john long would love to go. just talk a little you should see those sheets of the go. there's a little see a is a good stuff. sales custom brands here was the monthly. i'm a photo, skid. she was a but all you know and about the show on 2nd most to go to cook waterfront statements and go out. and so usually it comes to from getting into to go to your

open when you get a mind for sure. most of played catch at the school kind of gotten the con, so you put the revise, your saves the case of china. it's the, the you, it's like to tie ones, international status. you see, you know, see lucy's visit, which already credit crisis. you see, i've anthony clinton on short, china wills thoughts, a military operation there was i haven't even have no. i don't have even down to about the welcome back to the cost of everything. that coins price has stored since news broke of the banks failures reaching $30000.00, which is up to 70 percent for the year. and this is no surprise for those in the

space as given bit points, history and birth in 2009 as an alternative to traditional big banking. the traditional banking model still suffers from the inherent weaknesses of the trust based model. and now we have an environment where higher interest rates, after a period of a high for low interest rates are creating bank runs. and this is the most perfect and big coin use case scenario, where we see bitcoin being a more secure alternative to traditional banking systems which are vulnerable to the problems faced by s c. b. according to our report from economist using s b b as a proxy, more than a 186 banks are prone to collapse. per the report, s b b had a higher capitalization of more than 10 percent of existing banks. and that 10 percent of us banks have more unrecognized losses than s v b. so it's not

a stretch to imagine that we have not seen the other issue dropped yet, and the banking crisis may intensify over the coming months. inside of this dismal backdrop and the sell off in global equities, the crypto market has risen against all odds. big kline has retained its status um on many as being asset more removed from the banking system. then traditional stocks and government bonds. when the banking system breaks down, the flight to safety is in decline. bitcoin is insulated from the type of bank runs that many feared would happen at the federal government. hadn't rushed in to assure all clients of s b b that they would get their money back. the people are now recognizing the importance a sound money with no counter party risk. and many believe that this rally is not because of fear triggered by the crisis itself. but rather the aggressive response from the government and the federal reserve that has seen hundreds of billions of

dollars added to or pledge to the banking system and dramatically shifting the outlook for interest rates. on top of that, the collapse of s v, v and silver gate was like a cyprus moment for crypto. as these crypto friendly banks collapsed, a lot of money flows directly into the crypto currency ecosystem. and the crypto market also tends to perform better when the traditional financial markets experience turbulence, reflecting the transparency and be centralized, ation of the defy world. and for more, let's bring in again, chris rice post a rice pdx. now we saw us b, c, d, peg for a couple of days dropping all the way down to $0.87. so what those tell us about the stable coins? and is it really all that stable? and yes it is. and i'm not actually a huge fan, a stable going, stable, going to see the seas, not much of a difference. there's. they're both programmable currency,

it's the only difference would be there may be some sort of legislation or some sort of process. the government may have to go through from the, in order to get the records of the information from the stable coin companies. but both the u. s. d. c. i need us to have worked with the united states government, the department of justice. they, they have all cooperate and they've off frozen accounts of people because the, the stable coins are designed to be programmable and they can incense do the same thing they would do with the central bank digital currency. now in the case of u. s. d. c, what happened was, there was a portion of their money that was backing up the collateral, that, that, that makes what us do you see is backed by, it's fully regulated circle investment, the company behind it. jp morgan is a company by a circling fast. they're very much compliant, it's very much back, one for one. but a portion of their deposits were in as b b bank. and once people had realized that they were questioning how much exposure they had to s b b bank. and it was only like something like 3 and

a half percent of the total backing of us the see. so i think the, the markets over reacted to that situation a little bit more so than they needed to. and in the case of u. s. d t, it's also fully backed by if not dollars. it's also backed by treasury bonds and both both companies. tether and u. s. d c circle are very transparent about what backs up their, their, their token. so at this point of view, as d t wasn't, wasn't being compliant on a regulatory standpoint, they would be obliterated and destroyed. but they are compliant. they are correct a lot of their situations, our questionable back in the past. and again, they are very much working with the government. i've made videos of talking about instances where the f b, i and the department of justice. i've worked both with us d, t and us dc. so it's just 2 birds of the same coin. and when he comes to cbd season, stable clients, because we're really in all actually a lot of people think that the digital dollar will be us dc. ever since the banks

faltered crypto seemed to be getting a 2nd wind, a sentiment turn bullish. and to me, this is like a flight to safety, just like in 2008, when people distrusted banks and would rather banks themselves. so what do you make of this? and how is that going to go when they're getting rid of all the bit coined onboarding rooms? a big part of that also that you didn't include the equation is black rocking and fell in it. and i'm drawing a blank on the company's name. i'm not sure it's a, it's a big financial institution. it's just recently started offering crypto currency services. um it'll come to me in just a moment, but we have a big we have, there's people within the financial system that also recognize bitcoin. what bitcoin has to offer, so i think it's a combination of things that people are looking at different ways of preserving their wealth or assets. because the way that the fee system is designed,

people are losing purchasing power. so in order now for lose purchasing power, people diversify and you figure out different ways they can hedge against a dollar. and bit coined is definitely one of those things. i mean that's what it was created for was to be a hedge against the dollars. so is what decline was specific in the use bitcoin specifically what that going was created for is the time period that we're currently in right now. so now we get to see how big coin is going to perform in the environment that it was designed to perform it. does that make sense? the us is now cracking down on crypto, citing it as a reason for the instability we see in the financial sector. so what do you think is their end goal and do they just want to see all crypto leave us shores? or do you think it's more about controlling them, trying to regulate and do some sort of cvd see like what they criticize china for doing? that's a really good question and i'm not really sure that they necessarily want crypto to

just leave us shores, but they definitely want to have control at the same time. so if that means getting rid of the obstacle, which may mean trying to get, trying to eliminate something like that corner and click their currencies. that is a possibility me, we definitely see it on the plate. and united states, specifically, when it comes to legislation, not even talking on a federal level, just talking on a state level. you have something called the uniform commercial code, the u. c. c. law. and it's a, it's, it was try to make the laws the same and all the states and united states to help create trade and commerce to be easier because that way there's no restrictions based off differences of laws and legislation. and one of the things that you're trying to pass through as an amendment right now on state levels and like a 120 something page document and only a portion of that document. it covers the aspect that i'm warning people about, which also a governor just sanchez has recently worn people. you've done an anti cdc bill in florida and we also had south dakota, governor know, i'm also a veto the same bill and what the u. c. c. amendment is trying to do is read the

fine money to exclude bitcoin and crypto currency, but to include central bank digital currencies. and this would affect commerce the any the u. c. c. makes things uniform. so in a sense, once these things are passed or state levels, you wouldn't be able to use these crypto currencies, bitcoin, for example, and the other crypto currencies as out of sort of money. because the uniform commercial code is taking it out of a definition of so. so there trying to attack crypto on a state level on a federal level under trying to sneak the state, the state stuff and like they normally do with legislation. and people are waking up to it. and now you have governors. when i said, when i called a central bank digital currency, a big brothers surveillance point, i'm just quoting rhonda santas. but even if the government don't recognize bitcoin and crept across the as money, doesn't really matter if the seller is still willing to accept that coin for

payment. i mean that's what bothering and peer to peer payment is as long as a counter party is willing to accept it as compensation. then it really doesn't matter if the authority recognizes it as money or not, right? it would've been vick or, and you're right. it wouldn't, but it would make it difficult for people to use big going in the commerce situation, like i wouldn't be able to buy my groceries from walmart or something like that because of the way the wall would be defined. but as i could go into a direct peer to peer connection, they couldn't be in bic, went into, can't outright destroyed crypto, but they could make it difficult the on ramp off ramp and use. thank you so much. chris rice for joining us today. and if we look at the history of the coin and why it was created in the 1st place, it was precisely for events like we see today where the current system shows sign of weaknesses. it's the centralized system and peer to peer technology gives bit point the potential to dismantle the entire banking system, in which a central authority is responsible for decisions that affect the economies of

entire countries. if people embrace this new technology, then the banks have much to lose. banks would lose control of monetary policies and therefore control of the population. bitcoin enables the citizens of a country to undermine government authority by circumventing capital controls imposed by it. it was invented to address the devaluation of currency through reckless funding and borrowing and courtesy is not backed by a tangible assets anymore. and by manipulating the supply of money in the us economy, the central bank also manufactures asset bubbles and crises. and only time will tell how long these yacht regimes will last and who will be the last one standing. i'm christy. i thanks for watching and we'll see you right back here next time on the cost of everything the

. the problem is the cost of housing keeps on going off. the cost of living keeps on going up. inflation keeps on going ups. gas keeps on going up to all the costs of living. g signs rising over the summer and it will still wasn't able to find housing. so there's no formal housing in lakewood. i've seen an increase and people calling me asking me for

a place to stay. i need to get the test that we've had, people that have been millionaires in the past, you know, had big businesses, different things to throw you over the edge. so people shouldn't be so judge mental about the homeless because it didn't happen. you're gonna have to do, i was anybody i'd say government needs to help all these homeless instead of sending money over to ukraine and all those other countries worried about your own country and just wish we had a president daycare. we don't have a president. thank. there's always people would wake up to see what jo, by that is doing to us in the deep to them i'm every goes in the i can plug like all it's

on the russia has a repel. they, you pray and marine throwing us back. but it was shipped in the blacks the that safe cause of watching you been as you associate is cause a recent arrived in spite doing active and seeing ties, inc, please, in the official. and it can be stated with absolute certainty that this offensive has to be done. furthermore, the ukrainian troops did not achieve the objectives assigned to them in any of the combat areas. glad i was in, says the largest 1000 years right in council offensive is underway. but is failing with school, the west and the supply that goes into the box given the level of the fact this good also is a state of new inc. romania apologizes and referrals. it's i'm process

a 10 year also the didn't provide just the simple monkeys. what happens is representatives at a local meeting of the united nations invoice in a tight, robi, fall from grace. australia is most exact though it is so the is found guilty of murdering civilians and gamble shedding further live thoughts of these committed by the wisdom relation that the a very well miles them to you from the anti or see international a news see it will come to life for most, let's take a look at the top. so is this out on the news or shape dooley? moscow says the plane has use marine grows and live, tempt a single russian naval ship in the black sea. according to the method, the attempt failed them, the enemy vessels were destroyed english of the details. the russian defense

ministry has reveals that ukraine used at least 6 maritime drones to carry out an attack against a russian warship, some 300 kilometers away from the coast over the crime in peninsula. now, according to the russian ministry of defense, old 6 on the vessels where destroyed by the russian voice, and it was left on the hummed again, this is not the 1st time that this sort of incident happens just around a month ago. a similar attack was carried out against another russian naval vessel uh by re on man drones, which was also unsuccessful. and also it was 3 ukrainian drones were destroyed, both times a nato uh surveillance plane was, uh, spotted uh, in the direct vicinity from the place where the attack took place. now, most importantly, such attacks the jeopardize, the so called

a great deal because russia accuses ukraine of exploiting safe passages, safe maritime rooms that we agreed on within the frameworks of the great deal. and that were meant only for cargo ships that moved great and around the world. and so russia, of course, the kansas ukraine over supporting these roads and carrying out these attacks, basically these, whoops, they allow ukraine to use these drones to, to carry out attacks against russian vessels. also, when the crime in bridge was blowing up last year, fresh also said that if russia finds out, if most school investigators find out that well, these routes, the safe passages of the great deal were used to smuggle explosives that were used in the bombing of the crimean bridge that the grand deal would be offered the table . so this is yet another incident that jeopardizes a vital part of the, of the will global order really. and that helps bring of food on the table. all the

less fortunate ones in africa and other poor regions of the world style 2 buses for the lives of region located. so the south west of moscow, a local authorities say a drug has crashed in the woodlands where this the woodlands this sunday. luckily no one was ended in the incident very well, the plan is suffering big losses on the battlefield. according to russia's defense ministry with keys, troops forced to retreats, dread attempt to the offensive for multiple directions. this week. some of the most intensive fighting happened in the example of rosie origin, which last you voted to become part of russia. the m a, the ads, at least a 13 bible things were destroyed, including and boxed up a tank supplied by germany, these images. so one of the cleaning columns taken out by mines are to refine drugs eclipse with. i'm to tank rounds several us specified on the vehicles. our

opponents will be among the wreckage, including has been keeping silent informations throughout the week until present the landscape need method on saturday. that is, counts offensive have begun earlier this week by the input and said key 5. therefore it's less than try and reserve troops. but had failed to meet its movie objectives. it was an assertion that it can be stated with absolute certainty that this offensive has begun. this is evidenced by the use of strategic reserves by the ukrainian army. furthermore, the ukrainian troops did not achieve the objectives assigned to them in any of the combat areas. over these days, we have observed significant losses of the troops of the ukrainian regime. their losses had been substantially greater than the classic 3 to one ratio expected during offensive operations. this week, their huge flood devastated the has on region. also a key that when the need for a river was reached, most of this is keith release. vast amounts of water upstream prior to destroy the

barrier to exasperate the flooding videos most of interest shows invite intentional release of huge wha, what's the other, the need for a hydro electric station. you can see open loose gates. fulton was of the into the river process security council secretary says nato must accept part of the blame for the days off the sick to give the green lights for cubes, actions, a serious damage done to the dime. all the cuffs guy a hydro electric plant happened on monday night with surrounding areas downstream flooding soon off to the russian defense them is called it a terrorist acts by ukraine saving the move was also a depriving nearby crimea of the fresh water it receives from the reservoir us, in terms of the human costs, the local officials say at least 8 civilians and died in the funding with thousands

mold, 5 the injured while. some 7000 people have been evacuated from their homes over the course of the week. what was the levels of the river have lowered significantly, especially now. busy of all of the kind of square them. however, many areas still really swamped by some media outlets. real quick to pin the blame on russia over the demo site, although is a pass and that's been consistently repeated to out the conflicts a point picked up on by some observers. according to the main stream, media of russia won a tank. i wrote in pipelines to blew up the crime a bridge 3 attempts to row nuclear power plant for attack the crime, a bridge 5 blew out there. i'm dam 6. attack the kremlin with drones. what do you premium present as well as gate and his allies in need? a claim that moscow was launching some kind of word against nature. they neglect to admit the fact that russia is a side most affected by the latest active sabotage,

the same officials who continued to refuse peace talk suddenly seemed to care about the environmental impact of war. and they are once again accusing russia of sabotaging itself as reports. note the destruction of the dam, a bunch of water in residential areas on the east bank of the never river. and will we pry me with less fresh water supply? meanwhile, the russian regional administration is opera. she is warning that the attack will make it easier for ukraine to target the nuclear power plant. there, i'd be that you do, but i'm, was it split up the shelving of the neighbor or can promote the landscape machines desired to repeat its criminal plan to send a landing forest in their guitar to establish a foothold and then attempt to take control of this upper ocean nuclear power plant, especially given the fact that they've tried to do so several times already. and before the destruction of the dam, ukrainian in western media, where it's using russia of draining, make a hope for a reservoir earlier this year, which is not quite logical. it rushes

a legit call is to cause as much warning as possible. the narrative, the russia is waging war against itself is nothing new, and it has been used more than a few times over the last year. that includes the attack on the north room pipeline . last september, when the western media was quick, declaimed, not only was russia responsible, but that it had to move it to destroy its own infrastructure. but we don't know who did it. but there's a question of who has the motive and who has the capability? and a lot of experts say russia, russia has the motivation, it, it has the doctrine that is developed specifically for this situation. it has the capability, one of the few countries to do is call virtually, it's highly likely in my opinion, that is russia, of course. now that investigative journalist seymour hersh reported that the united states was behind the attack. the media had changed their to the new york times now, so that was carried out by a pro ukrainian group. and the washington post says, the u. s. was aware of the plans,

the same playbook was used when the crime in bridge was attacked last october, which was celebrated i both ukrainians in their own lives. then there was the response to the drone is how on the promotion in may. i think this is an attempt to generate public support at home, maybe abroad because it is this an effort by a pretty soon. so try to find some way to escalate oregon justifies more in ukraine . there is a, a sequence of events based on, on, on the videos that came out that suggest that this was a, a controlled release. at the very least, the new appears to be, to blame russia 1st, even if they have to quietly admit that it was really you crime later on with those media, talking heads and politicians and never seemed to ask why russia would keep destroying its own infrastructure or why the wes needs to continue funding ukraine and a proxy were a guess russia if russia is still committed to destroying itself.