Guess who audited and gave clean audit reports to Silicon Valley Bank and Signature Bank before they collapsed?

#kpmg

#svb #bankingCartel

@freakinbox
They like to blame #covid, but we quickly realised that the pandemic was used to explain away what was happening mid 2019.

Following the death of an unscrupulous #financier in 2019, the #banks began not trusting each other the overnight lending market. It was xalled a #RepoCrisis.

Billions per day were printed for the #bankingCartel. It continued into Jan 2020, when some corrupt US #leaders moved from #stocks and #realEstate.

#insiderTrading
@atomicpoet

@epilepticrabbit
The trillions are not just "found", they are printed, then handed to the plutocrats to buy up almost everything.

This produces even greater #inequality. Printing money for those closest to the #bankingCartel, and the #assetInflation it ultimately produces is how we demoralise the nextGeneration or worse — produce #neoFeudalism.

We could however, adopt a #currency that is designed for #saving, and by extension #saveOurEnvironment.

Bitcoin is such a currency. #restoreBalance

@c0debabe
We need to tax #landSpeculation and profiteering (ie. the financial establishment) to enable #UBI. Then companies will be forced to compete for labour not just on wages but on ethical standards, democratising employment.

Banks need to be reined in also. Right now, they act as #NeoFeudal Lords — gatekeepers to #homeOwnership and economic activity, while at the same time #virtueSignalling on every billboard they can find.

#bankingCartel #neoFeudalism #profiteers
@meena @rantingsteve

@dredmorbius @cjd
It has been common over the past couple years to lampoon China over their #CreditScore system, but the fact is we have a similar system here, its just managed by a #bankingCartel not government.

It's difficult to know which is worse really. Their are effectively the same.

We prescribe to the notion that we are in a totalitarian #corporateState. Not a #democracy.

Thus we may be worse off than the Chinese, who seem at least honest about what they are. Less deception.

@angdraug @bob @aral @actualsteerpike
What *is* rich is people in the west pretending that #bitcoin has only ever been for the wealthy, rather.

The first block in the chain literally quotes the headline, "Chancellor on brink of second #bailout for #banks".

Bitcoin opposes the #bankingCartel, and the #neoFeudalism of the corporate state. Thankfully though it doesn't matter what we say. It matters what the #decentralised community does.

@capitalismkills
Cue the #ecologicalDisaster narrative of #bitcoin.

Imagine all the #energy of the #bankingCartel, the energy in #goldMining, in the #bankerFueledWars. The energy in transporting #gold, in flying #bankers across the globe to engage in "#moralHazard" etc.

Next imagine #BTC #energy being funneled into AI and algorithms that fuel #propaganda, #geopolitics, #weaponsLogistics, #mining etc.

#Bitcoin actually fights #debt-based #humanSlavery and #neoFeudalism

Just the basics of it.

If govts want to help #smallBusiness during #coronavirus we have two suggestions.

STEP 1) don't give #multinationals, #hedgeFunds and the #bankingCartel a single dollar,

STEP 2) #universalBasicIncome (#UBI) for the people, the more #senior the citizen the larger the amount. Those with #debt will have the #basicIncome amount subtracted from the debt.

When people inevitably ask, "How it will be paid for?", say #landTax (#rentalValue).

#henryGeorge #economics #depression #socialJustice