"This Is The End Of The Banking Ponzi Scheme" | Charles Hoskinson

🎞source⛓
https://youtu.be/8buraIQLavg
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The banking contagion continues to unfold, as UBS agreed to buy Credit Suisse, but the Swiss bank isn't in the clear yet. First Republic shares were halted during their morning tumble as First Republic plots a stock sale. And U.S. Bancorp (USB) jetted higher on an upgrade. The FDIC secured a deal to sell most of Signature Bank (SBNY) assets. And central banks team up to enhance U.S. dollar liquidity. Charles Hoskinson didn’t mince words about the whole banking industry as a whole, calling it a Ponzi scheme that has to be stopped. In a short rant, the Cardano founder told a story of when Credit Suisse denied him a banking relationship as the CEO of Ethereum, calling it ‘risky’. The tables have completely turned and Credit Suisse is all but done as it accepted a $3.25 billion government-driven sale to UBS Group AG. Hoskinson believes this is just the beginning of a public turnaround from banks and that the people are waking up to the real nature of their ponzi scheme operation.
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