Every American should protect themselves with Bitcoin immediately.

“Will depositors in all banks be protected past the $250k limit?”

Ms. Yellen: “Only if a bunch of bankers and bureaucrats that you don’t get to vote for, in consultation with myself (an appointed secretary and former banker/bureaucrat), decide so.”

Interesting dilemma they have created. Prevent systemic failure by protecting the large banks, but then also cause people to remove their funds from the small ones and cause them to fail.

She was completely caught off guard by his questions

I love how deadpan this guy is.

So what your saying is…..

…………….. right……………….

Have you ever had a conversation with a 3 year old?
It’s a lot like talking with Janet.

I just bought more Bitcoin because of this post. Thank you.

So SIVB was “systemically important”?

Can the public get an explanation on that or is that systemically proprietary information?

I’m gonna guess that will be a resounding “No” followed by the unsaid “because you aren’t paying me enough to tell you the ‘who’ behind the ‘why'”

All hail the almighty dollar… Holy fucking shit

Great way to get 2 birds with 1 stone, implement the fed coin and enrich the top most corrupt banks that fund horrendous things across the globe. It’s exactly how i would do it if i was a piece of shit.

J.P. Morgan chase owns 40% of the Fed, vanguard uses them. J.P. Morgan chase will monopolize. This is an era of systematic wealth transfers. It’s always a different market

God I can feel her grasping for brain cells when attempting to utter her script.

Whatever happened to the retirement age? I mean…for the love of Christ, we can’t expect Yellen to be fielding these type of questions off the cuff and expect it to go well.

Who is this

To translate:
We will protect the rich. Fuck the poor.

new bitcoiner here. It is better late than never. So i’m in (bought today my first 0,01btc)

Why do these posts always cutoff in terrible places

I honestly wonder if a decent response came after and they clipped the video here to omit it

Anyone have the longer vid?

If I am a regular person, with my funds in a community bank, I’m now thinking about moving to a “too big to fail” bank so that I can protect myself. RIP community banks.

Jesus. That woman should have retired 29 years ago. Out with these boomers. Let’s get some young blood

Bitcoin allows me to better protect my wallet，I no longer trust the bank

>and now pls tell us Miss Yellen, why is it a 2% inflation target and not 1%?

We have a saying in NZ. “She looked like a possum in the headlights” just before the impact

This guy is sharp! Fantastic grilling. One could only wish more politicians were like him.

Be your own bank. Buy BTC. Stack sats, stay sovereign.

We need to get these old folks out of office, this is ridiculous.

What is a “super majority”? Is that like the difference between a pint and a mega pint?

Just curious if Schwab is a “too big to fail bank”, if not, what is? Thankful to have restocked my BTC that I had loaned Alex in Celsius. I just wish I could have bought more.