Ted Cruz: Capital flight from US banks is very worrying
In an interview with Bloomberg, Texas Republican Senator Ted Cruz said that the amount of capital leaving US banks is very worrying. He added that this capital is moving from smaller financial institutions to larger banks, and this will result in the concentration of wealth in companies that dominate the market. The former presidential candidate is currently working with Ohio Sen. Jim Jordan to force San Francisco Fed President Mary Daly to release information and documents related to the collapse of the Silicon Valley bank. “More than ever, we need transparency from the Fed,” Cruz noted. In the weeks following the collapse of Silicon Valley Bank, the American public lost much of its trust in the central bank.
Recently, the American people have lost part of their trust in the Central Bank of America, and this has caused large capitals to leave the Central Bank quickly, as Ted Cruz, the former candidate for the President of the United States, expressed in an interview with Bloomberg. has worried
Bitcoin grew with this because some of that capital went to Bitcoin, and trusting this technology would now be easier than trusting the Federal Reserve Bank of America.
The American people will lose faith in the Central Bank of America by printing fake bills and will believe in Bitcoin
Ted Cruz has been interviewed many times about sending funds to Bitcoin, although he has said in his previous interviews about the impact of Bitcoin on the environment. Go to the crypto chat in Telegram
