Peter Schiff Blames The Governmental Regulation For Deteriorating Financial Crisis

The current demolition of some of the major banks in the country, as well as the need for some form of federal investigation has recently brought forth discussions that would identify the best ways to safeguard the economy. Peter Schiff, a prominent economist, went on to compare this episode to the financial crisis of 2008, where he found that increasing regulations towards banking actually contributed to the worsening crisis of the economy. A far deeper analysis of the shutdown of the Silicon Valley Bank by a bunch of economists, which included Schiff, revealed that around 190 banks in the country were at risk of a depositor-driven collapse. It was further highlighted that the monetary policies which were penned down by the central banks could potentially hurt several long-term assets such as mortgages, and bonds- which would then create losses for the banks. Peter Schiff Believes Added Banking Regulations Have Harmed The Economy The financial crisis in 2008 was majorly driven by the collapse of the entire housing market. However, Peter Schiff believed that the crisis was caused by extra government regulation. Schiff also highlighted that the US government had introduced completely new banking regulations after the financial crash of 2008- whilst promising that whatever had taken place during that period would never be repeated again. It must be mentioned that finding the perfect balance between financial institutions and the regulations is quite important, especially for Schiff- for the regulators in Puerto Rico had closed his own bank down on 4th July 2022. At that time, Crypto Twitter had reminded Peter Schiff as to why millions of people around the world were openly vouching for Bitcoin adoption in their attempt at financial freedom. On the other hand, several crypto entrepreneurs have taken this situation and started talking about a massive comeback by the cryptocurrency. Former CTO of Coinbase, Balaji Srinivasan, has also predicted that Bitcoin could reach a price of $1 million within 90 days. [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored [Bank Accounts: Frozen!]( In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money! [Find out how to protect yourself here]( [Privacy Policy/Disclosures]( [Peter Schiff Blames The Governmental Regulation For Deteriorating Financial Crisis](?site= The current demolition of some of the major banks in the country, as well as the need for some form of federal investigation has recently brought forth discussions that would identify the best ways to safeguard the economy. Peter Schiff, a prominent economist, went on to compare this episode to the financial crisis of 2008, where he found that increasing regulations towards banking actually contributed to the worsening crisis of the economy. A far deeper analysis of the shutdown of the Silicon Valley Bank by a bunch of economists, which included Schiff, revealed that around 190 banks in the country were at risk of a depositor-driven collapse. It was further highlighted that the monetary policies which were penned down by the central banks could potentially hurt several long-term assets such as mortgages, and bonds- which would then create losses for the banks. Peter Schiff Believes Added Banking Regulations Have Harmed The Economy The financial crisis in 2008 was majorly driven by the collapse of the entire housing market. However, Peter Schiff believed that the crisis was caused by extra government regulation. Schiff also highlighted that the US government had introduced completely new banking regulations after the financial crash of 2008- whilst promising that whatever had taken place during that period would never be repeated again. It must be mentioned that finding the perfect balance between financial institutions and the regulations is quite important, especially for Schiff- for the regulators in Puerto Rico had closed his own bank down on 4th July 2022. At that time, Crypto Twitter had reminded Peter Schiff as to why millions of people around the world were openly vouching for Bitcoin adoption in their attempt at financial freedom. On the other hand, several crypto entrepreneurs have taken this situation and started talking about a massive comeback by the cryptocurrency. Former CTO of Coinbase, Balaji Srinivasan, has also predicted that Bitcoin could reach a price of $1 million within 90 days. [Continue Reading...](?site= [Peter Schiff Blames The Governmental Regulation For Deteriorating Financial Crisis]( And, in case you missed it: - [Coinbase CTO Has Bet $2 Million On Bitcoin’s Performance](?site= - [Ionic Rare Earths [ASX:IXR] Confirms Stage 1 Makuutu Estimates](?site= - [Frontier [ASX:FHE] Claims One of Australia’s Lowest-cost Hydrogen Ventures](?site= - [Cashing Out](?site= - [The Fed’s Magic Elixir](?site= - FREE OR LOW COST INVESTING RESOURCES - [i]( [i]( [i]( [i]( Sponsored [Bank Accounts: Frozen!]( In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money! [Find out how to protect yourself here]( [Privacy Policy/Disclosures]( - CLICK THE IMAGE BELOW FOR MORE INFORMATION - [i]( Good Investing! T. D. Thompson Founder & CEO [ProfitableInvestingTips.com]() ProfitableInvestingTips.com is an informational website for men and women who want to discover investing and trading products and strategies to educate themselves about the risks and benefits of investing and investing-related products. DISCLAIMER: Use of this Publisher's email, website and content, is subject to the Privacy Policy and Terms of Use published on Publisher's Website. 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