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IPFS News Link • Currencies

FTX Implosion Leads to Chaos in the Streets - Bix Weir

• USAWatchdog.com

According to precious metals and financial expert Bix Weir, when the FTX cryptocurrency exchange imploded, it took with it billions of dollars of investments. It now has more than a million creditors both big and small. Weir says it is the tip of the iceberg in a dying over-indebted system. Weir contends it is orders of magnitude worse than the Lehman Brothers meltdown that caused the Great Recession in 2008. Weir explains, "Does it really matter if we control the House or the Senate or the Presidency? The only thing that will matter, the only thing that will change what is going on is when the ATMs shut off and, all of a sudden, people cannot get money out of the bank. That would change things really fast. I think it will happen. All we need is one highly connected derivative bank to go down, and they all go down. They can bail out a trillion-dollar bank, but they cannot bail out a $2 quadrillion failure, and that is what is coming. The moment that hits is when everybody wi


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