TheyLied: Banking - "Elizabeth Warren and her crew touched off a financial panic because they were trying to kill off the crypto industry"
Silicon Valley Bank, First Republic Bank, Silvergate Bank, Signature Bank and Operation Chokepoint 2.0
1:18:53 - “Elizabeth Warren, in an attempt to kill our industry, incited a banking crisis that put the US in a very precarious situation in the spring of 2023. It's a headline that needs to get out there. And as was proven by this affidavit, written last week, it's actually what happened. These Banks were secure, they had enough deposits, they were able to unwind successfully, get everybody back their money, but Elizabeth Warren for some reason or another targeted our industry and put the American banking system at risk. I think that's a pretty serious act on behalf of the senator from Massachusetts.”
46:23 - “I thought that they [Silvergate Bank] had a bank run, and they did. But, what I didn't know is that they had survived it. They had the compliance problems and all that, but they survived it. If the Fed hadn't given them that ultimatum, they would still be here, the other bank runs probably wouldn't have happened and the FDIC's deposit insurance fund wouldn't have had a $40 billion hit.”
30:33 - “JP Morgan's stock went up by almost $15 billion in market value. That's how much the FDIC Insurance Fund got hit to make First Republic depositors whole. So that was, in essence, a dollar for dollar transfer from the FDIC to JP Morgan shareholders. None of that would have happened, I think, had the FED not done what it did to Silvergate four or five days before.”
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Statement from Custodia Bank on Recent Bank Failures
“The unfortunate demise of Silvergate, Silicon Valley Bank, and Signature underscore the danger facing any fractional reserve bank when all its demand depositors come back to claim their money at the same time and the bank does not have adequate cash. The problem is not digital assets; it is that the risky business models and practices of these banks went unnoticed and unregulated until it was too late.
We hope that this moment will be a wakeup call for regulators. Technology and information are moving faster, and this is enabling faster and faster bank runs. But digital assets are not going away. As with the introduction of any new technology, there is an information gap in the market and unscrupulous actors will take advantage where they can.
The U.S. urgently needs to put in place safe business models for the banks that bank the fast-moving industries, like that proposed by Custodia, so that the Federal Reserve does not need to backstop such banks. Custodia proposed to hold $1.08 in cash for every dollar deposited by its customers.”
Source: https://custodiabank.com/press/statement-from-custodia-bank-on-recent-bank-failures/
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Additional Links
CUSTODIA BANK, INC., v. FEDERAL RESERVE BOARD OF GOVERNORS; FEDERAL RESERVE BANK OF KANSAS CITY,
BRIEF FOR AMICI CURIAE THE DIGITAL CHAMBER AND GLOBAL BLOCKCHAIN BUSINESS COUNCIL-USA IN SUPPORT OF APPELLANT AND REVERSAL
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CUSTODIA BANK, INC., v. FEDERAL RESERVE BOARD OF GOVERNORS et al.,
On Appeal from the U. S. District Court for the District of Wyoming, The Honorable Scott W. Skavdahl, District Judge, District Court No. 1:22-CV-125-SWS
APPELLANT’S REPLY BRIEF, ORAL ARGUMENT REQUESTED
https://storage.courtlistener.com/recap/gov.uscourts.ca10.88322/gov.uscourts.ca10.88322.148.0.pdf
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BOOKS
Book - America's Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein:
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Book - The Power and Independence of the Federal Reserve by Peter Conti-Brown:
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Book - The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin:
“Griffin’s book is about the most blatant scam of all history. It's all here: the cause of wars; boom-bust cycles; inflation; depression; and prosperity. Your world view will definitely change. You'll never trust a politician again - or a banker."
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Additional Resource:
https://theylied.ca/CentralBanks.shtml
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Use Cash
Be sure to visit our sister sites at www.UseCash.ca and www.15MinuteCities.info for additional information on how moving to a digital world will drastically restrict your ability to move, travel, purchase goods, save money or even participate within society.
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They Lied
Join the campaign to Take Action and Raise Public Awareness
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https://rumble.com/v58pccl-theylied.ca-time-for-action.html
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Waking up the Masses
- watch our interview with Iron Will
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Ways you can help Raise Public Awareness
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Ways you can Take Action
https://theylied.ca/TakeAction.shtml
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Dr. Keys & Cam Watters - new song
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"The truth is like a lion;
you don't have to defend it.
Let it loose;
it will defend itself."
~ Saint Augustine
(philosopher, theologian, and bishop)
The stages of action are:
denial >> awareness >> understanding >> solutions
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