Interview 1791 - Crypto Contagion Banks Get the Runs - #NewWorldNextWeek
The Corbett Report - Feature Interviews
The Corbett Report
4.8 • 671 Ratings
🗓️ 16 March 2023
⏱️ 28 minutes
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| 0:00.0 | Welcome back to New World next week. I'm James Corbett of Corporate Report.com. |
| 0:13.8 | And I'm James Evan Palado for Mediamonarchy.com. The health and well-being of our personnel |
| 0:18.1 | are our top priority. We've got that story plus foreign agent |
| 0:22.4 | follies, but first, of course, you're thinking of this place all wrong, as if I had the money |
| 0:27.8 | back in a safe. The money's not here. Silicon Valley Bank Collapse sparks bank runs as people |
| 0:35.7 | wait in lines. Another headline, record bank run drained |
| 0:39.2 | $42 billion of SVB's deposits in hours, leaving it with negative billion dollars. And of course, |
| 0:46.1 | inside the legal loophole, U.S. regulators used to bail out SVB depositors. So what are we talking |
| 0:52.8 | about here? Since it feels like a lot of people love to look at the trees, James, we generally try and offer a view of the forest instead here on New World next week. |
| 1:02.7 | Prepare for governments to push CBDCs in the wake of the Silicon Valley Bank collapse. |
| 1:08.3 | We grab this from reclaim the net.org. |
| 1:10.6 | Over 100 of the world's |
| 1:12.0 | governments are planning to push central bank digital currencies, CBDCs, and the collapse of |
| 1:17.8 | Silicon Valley Bank may have given them the perfect opportunity to introduce this nightmarish |
| 1:22.2 | surveillance technology. The heightened fear of bank runs and the growing calls for more government |
| 1:27.0 | controls to prevent another Silicon Valley Bank-style event have created space for governments to swoop in and present CBDCs as the solution to the problem that you're reacting to. |
| 1:38.2 | Prepare for these talking points to probably become pretty prominent as governments ramp up their efforts to push CBDCs. |
| 1:44.6 | Talking point number one to watch out for, CBDCs will protect you from social media bank runs |
| 1:49.8 | within days of this failure, and this all pretty much happened over the weekend. |
| 1:53.5 | It was described as the first social media-fueled bank run in history, and fears about social media disinfo started to be stoked. |
| 2:02.3 | During an emergency call with high-ranking federal officials, Senator Space Twin himself, Mark Kelly, asked if the officials |
| 2:07.9 | were reaching out to tech platforms to monitor misinformation and bad actors and inquired about the |
... |
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