and then bailed out, could the economy of ford not to bail them out? the free market would have corrected itself capitalism. when it came out, actually we would have been a lot better position if we would have just dealt with the crash at the time. but again, the systems that be didn't have an alternate system for us to replace the antiquated system that was crashing when you study fee currencies. and you study how the cycles of the currencies work off the currencies end up going back to their intrinsic value, which is 0. and it's happened throughout history is never been in a point of history where this has not taken place. and if you look at the roman empire and what took place of a follow the roman empire, that is very much comparable as to what we are seeing in today's modern day united states of america. so we're seeing 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 of 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 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 with 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 the 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, you know, 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 sharing in a fed now coming, which 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. $247365.00 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

a signature bank to be shuddered. but if you actually do a little bit of digging and researching, we'll see that signature was under an investigation for money laundering by the department of justice as well as the fcc. so there's been some things that were taking place on the back in 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 the be the silicon valley bank situation. then 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 yellen. they are all right now,

conspiring to try to make crypto and accessible to the general public so they can usher and their big brothers surveillance coin that 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 citibank? so why were they not allowed to fail? and what would the run medications have been as well, the saying is too big to fail banks, 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 bags don't cause contagion to the rest of the system, they're going to allow for the failure to take place. so in, in videos that i have covered on my general rice t, v x, i've come up to the equation. this is all problem reactions, solution consolidation. they want to get it consolidated down to the few. the few they're in the club, the central bank, digital currency. the financial institution has

a traditional financial institutions like your jp morgan, 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 what bring us up those bank collapse is also had a lot to do with taking away entry and exit points for people regarding crypto currency. thank you so much, chris, but please stick around. chris rice will be joining us right after the break and when we come back is big klein a more secure alternative to traditional banking system. and the answer, well have that for you. 6 after the break, the,

the, the garage of business services, the screen of the boss can do, i just need to get them with key at the washington state. the pals, the computer system, the phone of send this to

professional and video to you for the list of all but huge, but they use the welcome back to the cost of everything that coins price has stored since news broke of the banks failures bleaching. $30000.00, which is up 70 percent for the year. and this was 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

bitcoin use case scenario, where we see bitcoin being a more secure alternative to traditional banking system, which are vulnerable to the problems faced by s v b. according to report from economist using s b b as a proxy, more than a 186 banks are prone to collapse. as 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 among many as being asset more removed from the banking system than 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 if 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 of rice tv x. 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 a? yes it is. and i'm not actually a huge fan, a stable, going, stable, going to cbd, caesar's not much of a difference. there's, they're both programmable currencies. 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 up. 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 circle invest. they're very much compliant, 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 d. c. 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 us 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 the 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 c's unstable clients, because we're really, you know, 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 turned bullish. and to me, this is like a flight to safety, just like in 2008 when people disrupts the banks and would rather bank 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 it 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 well their assets. because the way that the, the system is designed, people are losing purchasing power. so in order not for lose purchasing power people diversifying, they figure out different ways they can hedge against a dollar. and bitcoin 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 big quite specifically, what bitcoin 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 u. s. has 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 control and then 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 hit, trying to eliminate something like that going and create their currencies. that is a possibility me, we definitely see it on the plate and united states, specifically when it comes to legislation. i'm 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 are trying to pass through as an amendment right now on state levels and like a 120 something page documented 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. he did an anti icbc bill in florida and we also had south dakota governor no one will also 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 the 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 going, i'm just quoting rhonda santas. but even if the government don't recognize bitcoin and cut the courtesy as money, doesn't really matter if the seller is still willing to accept bitcoin 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 bit 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 law 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 can make it difficult the on ramp offer and, and use. thank you so much, chris, rise 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 that the valuation of field currency through reckless funding and borrowing, and currency is not backed by a tangible assets anymore. so 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 willing of the us over to the board, you know, credit union team doria. so any idea she ship a duck green,

i report the control room for 2 of our solutions to get them awarded by actually system really being you have enough lots and lots of products and that's gonna see mean yeah, we did the boom cloud. so essentially it's finish up the news, but i'll let you as well. but the crazy if that's where you store lot of the my software but just don't use it on file if she ever we get us. but every shipper, instead of just say good for a lift or to take you more, but of them i need, this says that you train scroll, so that's the only for each of the core of where you so nothing that useful sticks resting on. so what i'm saying is, how about how shoot the truck nestle you take

a picture of the day so that i'm not the direction it can be stated with absolute certainty that this offensive has begun. furthermore, the ukrainian troops did not achieve the objectives assigned to them. in any of the combat areas, vladimir recruitment saves that much of the time that you've created in countries offensive is on the way others with scores of western supply vehicles including and funds german leopard tongue boy pulses and stories a chip. romania apologizes on recalls. it's in foster to kenya after the diploma to equate it, an african delegation to a troop of most other local meeting of the united nations. all the boys in the fall from the great sus, truly is most decorated soldiers fun guilty of murdering civilly in the steering

the gun, shedding further lights on the costs of these committed by the western coalition. the dark side of the web, a reports defined in strip problem house being, connecting a class network of pdf files, allowing access to a true of child sex materials well, bringing together buyers and sellers and missed it. for now, the top stories for the past 7 days and right it's up to the moment developments as well. this is the weekly and r t international and welcome. we begin in russia's calliger region located to the south west of moscow, where local authorities said drone has crushed in woodland there this sunday. no one is believed hurt in the in smith. when more is known about it, we will bring that info to you. but it comes says border regions in russia have

been in during a slew of thrown attacks, including on residential apartment blocks. las cruces the u. a. these were launched from ukrainian territory the law ukraine is suffering big losses on the battlefield. according to russia's defense ministry with keeps trips forced to retreat truing and attempted offensive from at multiple directions. this week some of the most intensive fighting happening there in the red zone. this up at rogia region, which last year a voted to become part of russian. the m. o. d. as at least 30 buffalo tanks were destroyed, including in fonts, leopard tank supplied by germany. these images show one of the ukrainian columns taken off by mines artillery fire and drones equipped with empty tank rods. several us supplied armed vehicles are reported to be among the wreckage ukraine, been keeping silence on this operation struck the week until president. so let's be

finally admitted on saturday about it's country offensive. had become an earlier this week, not about putting said key of had deployed. that's western train reserve trips, but had failed to meet hits. military objectives was an official which 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. well this week, a huge flood devastated that her southern region after a key dom on that in the upper river was breached law school, says key of release boss, the months of water upstream prior to destroying the barrier to exacerbate the flooding videos that merge the parent to show that it's intentional release of huge

volumes of water off the didn't. yeah. for hydro electric station, you can see open sluice gates forcing water to thunder. right into the river rushes security council say i could bring saves nato most except part of the blame for the disaster as it gets the green lights for kids actually. well, the serious damage done to the job of that kind of helps guy a hydro electric plant happened the monday night with surrounding areas done stream flooding sooner. the russian defense ministers call that a total was done by you frame sitting. the move was also and the probably being nearby crimea of the fresh water it receives from the rest of the floor. in terms of the human cost, local official say, at least 8 civilians have died in the flooding with dozens more bodily injury. while some 7000 people helping to fight you with it from their homes over the course of the week water levels in the india for river have lowered significantly,

especially north of the kind of sky. but many areas you can see still remains one western media outlets the real quick to pin the blame on rush over the dumb attack . although it's a puffer, and that's being consistently repeated throughout the conflict point picked up on by someone servers. according to the main stream media, russia, one a tank the room pipelines to blew up the crime. a bridge 3 attacks around nuclear power plants, full attack, the crime, a bridge 5 blew up there. i am. dam 6. attack the criminal with drones. what are you currently impressed as well, and ski, and his allies in need a claim that moscow was watching some kind of work against nature and neglect, to admit the fact that russia is aside 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 down

a bunch of water in residential areas on the east bank of the napa 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 believe you do, but i'm, was it split up the shelving of the neighbor or can promote? does the landscape resumes 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 brushes 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 equipped to claim that not only was russia responsible, but that it had to move it to destroy its own infrastructure. so if we don't know who did it, but there's a question of who has the modem and who has the capability? and a lot of experts say russia, russia has the motivation, is it has the doctrine that is developed specifically for the 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 venue or tops 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 attack on the promotion in may. i think this is an attempt to

generate public support at home, maybe abroad because there is this an effort by a pretty soon. so try to find some way to escalate or again justifies more in ukraine, there is a, a sequence of events based 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 is talking heads and politicians never seem to ask why russia would keep destroying its own infrastructure or why the west needs to continue funding ukraine in a proxy where a guess russia, if russia is still committed to destroying itself, the romania is apologize down. recall that some buses are from kenya after the diploma made racist comments during a recent un gathering in the capital, nairobi the remaining and administrative for,

and it says deeply regrets this situation conveys its apologies to all those affected and strongly rejects and condemns old behaviors. and asters incompatible with mutual respect. it will not follow the un meeting where the romanian envoy mockingly said, quotes the african group has joined us. when some monkeys appeared i'd side the window in nairobi itself the 1st time either european officials have made offensive comments of the sort with more on. busy of here's johnsborough base reporter cut off. busy the top to be the 21st century, but then you know, we still, we operate so those are still not seen as individuals as people and s equals the only when the issue is, of course, is they obviously these common, especially coming from a european at the moment of the median this, i'm pointing at the very spot stable as if someone would call it all the room is as

opposed to have sway and supposed to combine the language which they use. and i suppose to be very careful around how to use as language, but methods ego has made in these comments which are not necessarily new themselves that were made on the 26th of april in the u. n. building in my room. that was the operation department in attendance, but some of the attendees where they found it very important to report on the made by mister t dot saying that they follow them insensitive. and the very least via freaking who would like to condemn in strongest terms possible. the insulting racist and degrading utterances. now the g dollar here has been already uh, been the process of uh, catch creation.