• Michael Burry has drawn comparisons between the current banking crisis and the Panic of 1907.
• Rich Dad Poor Dad author Robert Kiyosaki warned this week about fake money being injected into the US economy.
• Former member of the US House of Representatives and Signature Bank board member Barney Frank said he suspects regulators meant to send an „anti-crypto“ message in regards to the bank’s recent collapse.
Michael Burry Compares Current Banking Turmoil to Panic of 1907
Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, noting that three weeks after J.P. Morgan made a stand, the panic was resolved and markets bottomed.
Robert Kiyosaki Warns of ‚Crash Landing Ahead‘ as Bailouts Begin
Rich Dad Poor Dad author Robert Kiyosaki has reiterated his bitcoin, gold, and silver recommendation, emphasizing that government bailouts have begun following the collapses of Silicon Valley Bank and Signature Bank. Kiyosaki warned that more „fake money“ will be injected into an already „sick economy.“
Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
Credit Suisse has experienced a loss of confidence in its health following a significant drop in its shares‘ value this week. On Wednesday at around 9 p.m., Credit Suisse announced that it was strengthening its liquidity by borrowing 50 billion Swiss francs ($54 billion) from the Swiss National Bank (SNB). This move signals that bailout measures are starting to emerge in both the U.S. and abroad due to increasing concerns about global banking systems.
Bank Board Member Suggests ‚Anti-Crypto‘ Message Behind Signature Bank Collapse
Former member of the U.S House Of Representatives and Signature Bank board member Barney Frank said he believes regulators meant to send an „anti-crypto“ message with their recent actions around Signature Banks collapse .
Week in Review Summary: Banking Crisis Speculation Continues
Speculation and debate continues to rage surrounding current global banking turbulences as hedge fund manager Michael Burry draws comparisons to historic events such as The Panic Of 1907 while Rich Dad Poor Dad Author Robert Kiyosaki warns against injections of ‚fake money‘ into US Economy, meanwhile former Member Of The US House Of Representatives And Signature Banks Board Member Barney Frank suggests there may have been an ‚anti-crypto‘ agenda behind banks recent failure – all these topics are included within this weeks Bitcoin News Week In Review Summary