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"Much like how two nuclear bombs ended World War II, capital-crushing central bank policy rate hikes and Russian sanctions were like two nuclear bombs dropped on the economy and the banking system. The shock wave took one year to make its way around the world, and now we're dealing with the fallout.European banks like\xa0Deutsche Bank\xa0and\xa0Credit Suisse\xa0were very intertwined with Russia, and tried to resist cutting ties with Russian business lines as this would inevitably lead to their failures, which would spread as contagion to the rest of the global banking system." \u2014 \u2060Brad Mills\u2060\n\nPart 2 today of Brad Mills's excellent breakdown of the state of the banking crisis, the potential risk to the everyday depositor, and the likely paths forward. Will more banks collapse, and will this lead us into hyperinflation, broad default, or will we manage another kicking of the can? How do we, as depositors to these crumbling institutions, protect ourselves from the growing storm? Find out in today's episode...\n\nFor the tons of extra data and sources to give the visual comparisons and tell the "story" of all this as it plays out, I highly encourage you to visit the link below to get a sense of what has been happening. Part 2 is coming soon, stay tuned:\n\u2060https://bitcoinmagazine.com/markets/the-banking-crisis-threatens-your-money\u2060\n\nBrad Mills on Nostr: npub1zjx3xe49u3njkyep4hcqxgth37r2ydc6f0d7nyfn72xlpv7n97ss73pvrl\nGuy's Nostr Pubkey:\xa0npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev\n\nDon't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard!\xa0\u2060\u2060\u2060\u2060\u2060\u2060(\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060https://bitcoinaudible.com/coldcard\u2060\u2060\u2060\u2060\u2060\u2060)\n\u2022 Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp.\xa0Lets be 50k Sat buddies by signing up!\xa0at\xa0(\u2060\u2060\u2060\u2060\u2060https://bitcoinaudible.com/fold\u2060\u2060\u2060\u2060\u2060)\n\u2022\xa0The Swan IRA\xa0is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from\xa0the best team of Bitcoiners\xa0out there with\xa0Swan Bitcoin. (\u2060\u2060\u2060\u2060\u2060https://swanbitcoin.com/guy\u2060\u2060\u2060\u2060\u2060)\n\n-------------------------------\n\u201cWhat are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong.\u201d\u2015\xa0Michael Lewis,\xa0The Big Short\n\n---...