A passionate two-minute speech delivered by Godfrey Bloom, a member of the European Parliament from 2004 to 2014, is spreading through Crypto Twitter like wildfire. The 2013 speech is a shakedown on the global financial system.
During the presentation, Bloom declares that all the banks are broke. At that time, on May 21, 2013, Bitcoin was trading at $122 and remained a fringe asset among techies and cypherpunks.
It would take the remainder of the decade to transform BTC, now trading above $10,000, into the best-performing asset of the last 10 years, attracting legacy giants like Fidelity and Intercontinental Exchange that are putting their full weight behind blockchain-based infrastructure.
During that same period, numerous banks, including Deutsche Bank and Danske bank, have been embroiled in multi-billion-dollar money laundering scandals and consumer fraud.
Wells Fargo, after the collapse of a scheme to create bogus customer accounts, is now restructuring its business and investing in crypto innovation. Negative interest rates, quantitative easing, ballooning deficits and multi-trillion-dollar government budget proposals remain the cornerstones of monetary policy against deflationary fiat currencies. Read More...