During the March 17 episode of his Brighteon.TV program "Adapt 2030," DuByne said Americans have seen all of the reasons for the banking industry's collapse – such as the financial contagion and the liquidity bottlenecks – that appear to happen all at the same time. He added that the five banks that recently collapsed were all cryptocurrency-friendly institutions.
The "Adapt 2030" host said the collapse of Silicon Valley Bank (SVB) and Signature Bank – both crypto-friendly – have eclipsed that of Washington Mutual, the largest bank that failed during the 2008 financial crisis. The failures of SVB and Signature are bringing America into a situation similar to the one that happened 15 years prior, and the California-based SVB's collapse was a huge factor that pushed CBDCs to the forefront.
He warned that both banks are going under the government's wing, alongside the entire national banking system. DuByne said he had hoped that crypto could serve as an alternative to this 150-year-old system, but it did not appear to be the case.
"I was really on the hopeful side that there'd be so many developers out there that would get it. We could start utilizing all of this immutable data that couldn't be changed to record history itself and for contracts and things that we could facilitate between ourselves in a decentralized economy," he said.
"Well, that did move forward. But it has been totally hijacked and usurped by this same power base that's on the planet from central banks, etc."
Federal government is taking control of all US banks
The creator of the Adapt 2030 climate preparedness channels and "Mini Ice Age Conversations" podcast said, given the ongoing financial contagion, the federal government has stepped in to take control of all U.S. banks to ensure that no more bank failures will happen.
DuByne said that Washington, through the Federal Deposit Insurance Corporation, has taken over Signature Bank and put an end to its crypto investments. He then predicted seeing the complete destruction of the average American's ability to invest in crypto.
Aside from SVB and Signature, three other institutions – Silvergate, Voyager and Three Arrows Capital – have also collapsed. Moreover, SVB's business in the United Kingdom was purchased by the Hong Kong-based HSBC.
"They're going to be one of the strongholds along with Singapore, with massive gold deposits to issue again for the new BRICS currency dollars or whatever that's termed," said DuByne, pertaining to the group made up of Brazil, Russia, India, China and South Africa. HSBC's base of operations in Hong Kong has been under China as a special administrative region since the U.K. handed the island back in 1997.
Moreover, HSBC will be heralding a massive change in the ecosystem with its use of people's DNA for banking – in the form of the biometrics-verified digital ID the bank is already advertising.
The "Adapt 2030" host also mentioned that the Federal Reserve has announced the launch of its FedNow CBDC beginning July 1, with DuByne describing it as the "Fed dollar." (Related: US government's new Central Bank Digital Currency is a fast track to digital concentration camps.)
He explained that FedNow has created a digital wallet – complete with a secure number and private key – for every American. The Fed itself will deposit directly into that account, and will also hold the keys for that wallet. Furthermore, the proposed universal basic income will directly go into these FedNow wallets.
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Watch the March 17 episode of "Adapt 2030" below. "Adapt 2030" with David DuByne airs every Friday at 2-3 p.m. on Brighteon.TV.
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