USDC has lost it’s peg… This could be one of those black swan events that could collapse not only USDC, but crypto as a whole…
USDC / Circle has confirmed that they have exposure to Silicon Valley Bank which failed yesterday. Their exposure is disclosed at $3.3B.
As a result, USDC has dropped as low as 0.89$ and now it’s hovering around 0.91$…
Hopefully it’s just a flash drop, because if USDC collapses like UST (LUNA stable coin that crashed a few months ago bringing down the whole crypto world to a standstill), the only alternative will be USDT or BUSD… Not the most convenient at all…
The three safest stablecoins to use in crypto finance are indeed USDC (the one that is depegging right now), USDT and BUSD:
Circle have suspended USDC USD conversions, as per their latest statement. While the the trade on USDC is possible on Binance (restarted one hour ago), Coinbase has just suspended USDC trading until Monday.
By the way, Coinbase somehow managed to release the perfect crypto ad one day before banks started collapsing… Look at that!
2/3 of America thinks the financial system is overdue for an overhaul.
It’s time to update the system ? pic.twitter.com/A7OraWN6z9
— Coinbase (@coinbase) March 7, 2023
Before it’s too late! Stock up on iodine pills for the next nuclear disaster…
Here’s a list of the banks that held $9.88 billion cash for Circle’s USDC… Two are already gone and the third one is on the verge of collapsing too…
Of course many will say! Hey don’t worry, there was a time when tether (USDT) lost its peg in 2018 for about a week…
First UST/Luna, then FTX, then the banks… I think we are truly in another situation than in 2018. It smells like really bad. It smells like it’s the best time for the SEC and all governments around the world to release their evil CBDC and control everything financial…
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Federal Retards:
Since most of the SVB were lefty retards and perverts, the Fed retards will bail them out. Just announced. So, I was right yesterday. They say it won’t cost taxpayers. Of course, that is a lie. What do you think we are retarded? Scumbags!
Bank Stocks taking a hit. Seeing 3.59-5.5% decline in bank stock prices. Lol, looks like a good day to me. KM will have to eat smaller lobsters and steak. ?
Banks are taking forever to send passcodes to complete transactions today. For example, if buying an item where your bank needs to send a passcode to verify you as the buyer online, it normally takes 5-15 seconds for passcode to hit your device via sms text. Today, I timed out after 4 requests(over 10 min). What that tells me, is banks are freezing out people diverting money from THEIR account to a vendor.
Finally, after 4 requests transaction went through. Looks like all the KM bankster satanic assclowns are reluctant to let you divest from their ponzi scheme! Burn in hell schmeckle-breath faggotface dicknoses!
https://www.thegatewaypundit.com/2023/03/biden-crisis-moodys-downgrades-banking-segment-to-negative-assets-in-us-banks-are-2-trillion-less-than-their-balances/
Worse than 1929 headed in to your world. Grab your bank funds and run away from these dickweasels.
DOW down 500 points already. Watch silver and gold skyrocket as people flee km banking demonseed dicknoses!
A Special Kind of Retardo
https://www.thegatewaypundit.com/2023/03/janet-yellen-no-federal-govt-bailout-of-silicon-valley-bank-economy-is-in-good-shape/
Dicknosed Goblin, Janet Smellin weighs in on the SVB collpase. Everything is fine and dandy according to this slimy creature. lolollolllollllolllll.
Nothing to see here. ?
Don’t laugh. She can count all the way up to potato.
A Special Kind of Retard:
https://www.thegatewaypundit.com/2023/03/janet-yellen-no-federal-govt-bailout-of-silicon-valley-bank-economy-is-in-good-shape/
Dicknosed Goblin, Janet Smellin weighs in on the SVB collpase. Everything is fine and dandy according to this slimy creature. lolollolllollllolllll.
Nothing to see here. ?
This Retard Defers a Question to a Bigger Retard:
https://www.thegatewaypundit.com/2023/03/bidens-budget-director-unable-to-answer-basic-question-about-us-banking-system-video/
?
Swedish Pension Funds down the crapper too. I guess they had a tremendous amount wrapped up in SVB / ESG / WOKEY.
Now they are brokey. So, soon it will be off to the suicide pods I guess?
Probably be some homisuicides out of this one. Planes, trains, and automobiles. ?
Probably be harder to sucker sheeple into digital currency now. Stick to your metals. They will pop hard soon, gold and silver went down for last couple of weeks, but recently popped about 2%.
Especially, watch silver this week. Gold will probably not double up, but $3,000 an troy ounce is foreseeable.
Yep, silver up 3.95% since yesterday’s remark. Gold up too, but not as much, 1.20%.
So, there ya go. Fck Cramer. Lol
Now, you can see people are spooked.
Silver up 4.86%
Gold up 1.59%
Lack of faith in stocks, banks, and leftist retard economic policy.
Now 1053hrs.
Silver up 6.24%
Gold up 2.36%
Paper money is funny money.
Good luck finding old 90% silver scrap coin. People gobbled it all up. Never seen pickins as slim as today. Gold is sold out on many Pre-1933 coin from VF-MS63 too. Shows you how much faith people have in our retarded leadership/economic buffoons.
A few days later, gold is up over $100 and ounce. Silver is up almost $3 and ounce.
Aren’t you glad you listened to my advice? Ahhahaha.
Two weeks later…
Gold at $1,978
Silver at $23.23
If you held silver and gold for $20 years you are at 500% profit. If you sell it there is no capital gains tax.
Now, what are you going to do? Play stock, crypto, or metals?
Unless a currency is backed by gold or silver (historical real currency given the fact that both are “non fungible” meaning their valuations can not be artifically manipulated) then the currency is “fiat”. All “fiat” currencies bite the dust after 40 years by historical standards. All currencies issued by the 84 member countries of the IMF are “fiat”. Their values are determined by confidence and dictated by the issuing entities. Block chain currencies AKA cryptos fall into the same category. They are speculative tokens. However, fungible tokens, are the exception. Tokenized gold is the future of currency.
Unless a currency is backed by gold or silver (historical real currency given the fact that both are “non fungible” meaning their valuations can not be artifically manipulated) then the currency is “fiat”. All “fiat” currencies bite the dust after 40 years by historical standards. All currencies issued by the 84 member countries of the IMF are “fiat”. Their values are determined by confidence and dictated by the issuing entities. Block chain currencied AKA cryptos fall into the same category. They are speculative tokens. However, fungible tokens, are the exception. Tokenized gold is the future of currency.
Yep?
It seems you are both on the samw wavelength about crypto and Elon… Awesome!
I am working on a new website layout for strangesounds, where everybody will be able to post. You both will be able to post what you think is right… Then it will be funny to see who gets more resonance…
You will be kind of master of your own threads and people will be able to vote and comment on your links, videos and pictures… I hope you will enjoy it too!
Best,
Manuel
Thank You Manuel 🙂
Not too long ago, Elon Musk was the darling/poster boy of the “Christian” Political Right – “right” before his nasty Halloween costume reveal on social media.
I don’t normally care about crypto news/trainwreck “alternative media” crap like this, but USA Babalon’s currency/riches are in serious trouble. With a huge developmentally disabled/chronically sick or mentally ill population and lack of babies, the debt ceiling will be reached very soon.
Satanist Eloon will buy up that silicorn bank. Or gov will bail out. Crypto always was a scam, so those people got what they bargained for as far as risk/reward.
Employees at SVB donated large sums of money to leftist commies. Shitheads like bozobiden and petey buttclown. Hehehehe. FTX was a Pukrainian leftist demotard laundromat too. Some wealthy billionaires/ satanist will rescue them. Keeps things quiet.
I think sam bankfraud fried is living at his parent’s
homeestate wearing an ankle monitor, eating bowls of sugar pops and watching cartoons with his “pansexual pals.”So, another article says that they upper management were giving themselves bonuses hours before the bank was taken over. They were also peddling the homo-pervert agenda, but all Wokey Hokey Pokey imbecile banksters are doing that now. I beefed my bank VP on it too! Said, I don’t want to bank with people espousing those types of values. Told him it would affect his shareholders, and they would short bank stock! They don’t care about their customers or shareholders. Banks used to be Conservative, but not anymore.
New Jersey ~ Super Retards:
This is so asinine. We should send them all to Wakanda. Oh wait, that doesn’t exist either—Doh! (((SMH)))
https://www.thegatewaypundit.com/2023/03/embarrassing-newark-nj-suspends-sister-city-cultural-trade-deal-with-the-united-states-of-kailasa-because-kailasa-doesnt-exist/