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CD85: Bitcoin and Global Recession with Dylan LeClair

Citadel Dispatch

CHAPTER

Silvergate - The Only Way to Survive Is if the Government Prints Money and Saves It

Silvergate, my understanding of Silvergate is that they are regulated trust institutions. They were supposed to be keeping one to one. Well, the like Citibank doesn't have to do that shit. So Silvergate actually had $8.1 billion withdrawn from their deposits. The only way your money's insured is if you're a poor person, because it's only up to 250k. Which like doesn't really buy you that much anymore. I believe off the top, I'm gonna get shipped for that.

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