IMF Crypto Hesitancy Infects G-20

in crypto •  2 years ago 

Bank Collapses Underscore G-20 Hesitance on Crypto: Source

Firstly, SVB's vulnerabilities had nothing to do with cryptos; was just guilt by association.

Secondly, just shows how totally bought and moronic politicians are. They just do what they're told by the IMF, BIS and WEF, and then ejaculate the given script about "protection".

Thirdly, here is what the banksters really fear:

... the IMF had warned the G-20 that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending.

Read that slowly.

"losing deposits" + "curtailing lending" = lost profits + loss of monetary control

That's the war.

Was SVB "losing deposits"? No, it grew beyond their capacity to handle the pile of cash thrown at them!

The BIG Banksters want it all for themselves. Which they now have by buying out a "failed" bank.

REPORT TO THE G20: MACROFINANCIAL IMPLICATIONS OF CRYPTO ASSETS

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