get worse before it even gets better, as far as these bank collapse. but it is all done by design because we have the ushering in a fed now coming, which is supposed to be taking place in june or july. and i believe july is a specific date to 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 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 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 the 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 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 banks 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 rise tv x, i've come up to the equation. this is all problem reactions, solution consolidation. we want to get it consolidated down to the few the few there in the club, the central bank, digital currency. the financial institution has 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 will bring us up. those bank collapse has 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. a chris rice will be joining us right after the break, and when we come back, is big coin a more secure alternative to traditional banking system. and the answer will have that for you after the break the russian states never as one of the most sense community most i'll send send the same assistant,

must be the one else calls question about this, even though we will then in the european union, the kremlin media mission, the state on the russians cruising and supports the r t spoke neck, keeping our video agency roughly all the band on youtube tv services. for what question did you say you requested the case of china? it's the, the us elevate to tie ones, international status. you see you have no say lucy's visits, which i already created crisis. if you have anthony clinton on short,

china wills thoughts, a military operation there was, i haven't even have notes. i don't have even doubts about the for the cuz it also was in the business and you put in the deal that was chosen. you know mary comes great and we'll just go through this discussion of curriculum for those here. let me provide you a section for a few moments here of the different student and full, which of course, and yet you get thrown with them in the probably just a moment. that was curious if it was here that was sent to you yesterday. isaac care to tap through yours. man. i'm looking, that'd be studies for civilian forge of place to for me to on, on all things to do there. which originally it was just pushed,

it just won't because we just knew where your boss will do school culture. is there any don't know which these are i know for the don't know, as i can suggest to do given the other than that, we're going to use best opinion. finance has come up with the the welcome back to the cost of everything big coins. price has stored since news broke, of the banks failures beaching $30000.00, which is up to 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 and big klein 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 c. b a. according to our report from economist using s b b as a proxy. more than a $186.00 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 shoe drop 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 along 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 of 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 collapse, 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, host 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 the cdc. there'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 all 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 buys, they're going 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 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 c's unstable 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 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 coin 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 current to 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 big coin 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, the system is designed, people are losing purchasing power. so in order not 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 bitcoin was specific in the use big coin 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 corner 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 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 hit, 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. 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 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 that corner 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 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 victorian. you're right. it wouldn't. but it would make it difficult for people to use between 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 destroy 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 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 take a fresh look around his life kaleidoscopic isn't just a shifted reality distortion by tell us to do vision with no real opinions.

fixtures designed to simplify will confuse who really wants a better wills, and is it just as a chosen few fractured images presented as 1st? can you see through their illusion going underground? can 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, keeps on rising over the summer and i still wasn't able to find housing to. 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 10 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 judgmental about the homeless because it can happen. you're gonna have to go 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. i just wish we had a president's daycare. we don't have a president that cares. i wish people would wake up to see what jo, by that is doing to us in the deep the bug like, oh, it's okay with the

the, the headlines on off the international as a russian warship destroys 6 ukrainian enabled ro instead of tech to the festival in the black sea, i made us worth comments since activity in that it or the pharmacy wall in south africa could lose up to $32000000.00 in trade reference use for simply remaining neutral on the ukraine conflict. fed romania apologizes under rick coles. it's. i'm positive that can you offer the different mountain joe, that a troop of monkey africans representative to the local media. give you an invoice in nairobi the runny down at your top stories for the past week. here on,

on see international its so good to have you must go. it says ukraine has used naval drove, and jeannette attempt to sink a russian war ship and the black sea. according to the ministry, the attack failed and the enemy vessels were destroyed. we understand the russian ship was that it was very key in that region to protect that of the tux stream gas pipeline. a few more details. now, with all these equinox down off, 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 would destroy the 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 surveillance plane was spotted uh, in the direct vicinity of 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 accuses ukraine of exploiting these routes 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, russia 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. for meantime, 94 russian p. o w is have returned home from new crating and captivity following negotiations between moscow and kia. as we understand that to be taking the medical facilities for treatment and rehab the treatment, didn't pay for the happy frankly to be back on a well tariff on our home soil. and i guess getting on their phones and calling their loved ones. the ones that are the same, which as you can see from the news, i feel only joy and said nothing more so far. to be honest, i still don't believe that all this has happened to me,

so i was in captivity for almost 15 months. as soon as i was released, i called my mother. she was happy crying into the phone with joy. i want to go home and see my son already is chosen was i'm feeling better now than before. my relatives happy. i want to see my family. they will be even happier when we see each other. i don't know something that is to be honest. i still don't believe i've returned to my homelands. my motto has been crying with joy. my family has been waiting for me. faith helped me get through this milk breakdown. the 1st time i spoke with family was 6 months into each level allowed to make phone calls. i hope to come home soon and see them as update you on some of the latest from the contact lines as ukraine did loan just long promise to cut her offensive against the russian defensive lines. on the southern front. however, it rushes defense ministry says all attacks was repelled and basically over the past week, approximately. oh sorry, we've been getting

a lot of reports about this stuff with orgy region right here. this week by some of the most intense fighting has been taking place. so also incidentally the same uh, well part of that map, right, that way, residents last year voted and unofficial referendum to become a part of the russian federation. now we sure some footage here, some records from the front line, he added throw thousands of soldiers and german supply 11 times the battle, but well, the western weapons didn't last very long. several us applied homage. vehicles are also among the wreckage. now ukraine has suffered very heavy losses since the offensive was launched at this is, according to the russian defense minister. let's bring out some numbers for you here on the program. so you can basically understand exactly what we're talking about with that they are right there. now, throughout the week, ukraine's been very quiet about his activities with president savanski only recently confirming the cover offensive had kicked off a counter offensive that black is not improved and says, as failed as an official at which it can be stated with absolute certainty that

this offensive has begun. this is evidenced by the use of strategic reserves by the ukranian 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. all this week. a huge flock demonstrate to the heart of san regent officer. a key dime on the river was breached. moscow says key of deliberately released vast amounts of water upstream before destroying the barrier to exhaustive pay. the flooding in the region videos the most appearing to show that intentional release of what have to done right that you can see the fluid scapes are open. russians and security council secretaries as nate, so must accept part of the blame for the disaster as it typically gives the green light for kids actions. the serious damage done to the dive, a couple of sky, a hydro electric plant happened on monday night. the surrounding areas down stream

flooded very badly. the russian defense minister, cold and active terabyte ukraine food and cold ico side. in terms of human costs, the local officials say at least 8 civilians died a minute the flooding thousands more were injured. while some 7000 people was safely iraq from the region and over the course of the week, the water levels. so the net for river have lowered significantly, especially north of the down. however, many areas still remain swamp. a town in the russian, that region of belgrade on the border with ukraine has been under ukrainian shutting well for now least more than a couple of weeks i should back in a residence there in that town was basically a ghost town. now, most of the 40000 people living there will be in effect, but also use shape. bose is the speaking of volunteers and locals who have decided to stay as we arrived here. we have just periods the significant sounds of heavy artillery strikes,

which we believe are hitting the town and villages ahead of us. we can see smoke rising from the settlement and tragically, over the past month for if people had been killed by this indiscriminate ukrainian shelley. we believe by a 155 millimeter and nato supplied artillery rounds and grad rockets which are quite indiscriminate. and they've hit the settlements, they've, they've injured dozens of people who we've met in belgrade. and we've just heard that the artillery strikes, and some of the air defense is going up as, as well it's, it's easy to intercept some of those. uh, techs. no, it's remarkable to see that still some people here in, in the area are staying in the homes. you called on you thought you were not going anywhere. my son lives in saint petersburg. he's worried about us. he calls me, he's nervous, but i've done a son. i'm not going anywhere. i'll never leave my home and my mother. i didn't

have anything else besides, this is fine. we're trying to cope with the situation. when the show and starts, we hide in our basement. we have a good one, we sit down there and light candles. our friends from boulder bring us some food and the result in humanitarian 8 here. not only residential buildings have being targeted and destroyed or re businesses like this grocery store being hit also, which is why the humanitarian aid that's being delivered by the local humanitarian groups is so critical for the survival of local residents. we're here at one of the, then the road to the front, which is a civil organization, a political civil organization that helps people in need. and we're just outside belgrade and we're going to go in and have a look actually one of the distribution centers in hubs. you can see the vehicles and want to go is here a doing is the packaging of ordinary pieces of food stuffs, clothing, and they're bringing it out to some of the villages that have been hit by this. a

ukrainian, shelly, and these a ukrainian assaults on russian territories and i was fucking ears back with all the essentials. food comes to our warehouse here from all of russia. many people have been evacuated from she bacon, not because of the showing by the ukraine forces. we're now focusing more and helping residents of the overall builder region. the narrow road in the front is a humanitarian organization that delivers a 2 villages because there was no electricity and no water. the stores are working . it is difficult for residents to move around because of the showing for re businesses. um donors are also assisting the number of the front in the critical work to get aiden helped those in need. on the front lines. the narrow the front is backed by socially responsible businesses that help us by contributing various humanitarian aid, including children supplies, such as baby clothes, stationary headmoore and those.