The Story of the 5 Little Banks

This is the story of 5 Little Banks who have almost all been scared away. There is one brave little bank remaining and they are fighting for all of us Americans. Every American needs to know this story because their fight is really about whether the U.S. heads toward freedom or a totalitarian future.

In 2023, the FED targeted banks that specifically serviced the crypto industry and served a majority of crypto based businesses and customers. Elizabeth Warren and the FED went after these banks and knocked them off one by one. Their attempt to kill off the crypto banking industry should not be taken lightly. Why would the FED care about these 5 little banks? According to the CEO of Custodia Bank (the last little bank), Caitlin Long, "Elizabeth Warren said it herself, she wants a CBDC."

Image: Bitcoin Brunch

The FED is taking out little banks that get in the way and assigning special status to other banks while limiting consumer choices. Its called protectionism and its wrong. The FED warned these little banks in early 2023 that if they serviced the bitcoin and the crypto industry they would face great risk. The FED took out Silvergate and held it up as an example causing fear across crypto and bitcoin banks which led to several other crypto-servicing banks to fail.

In March 2023, Silvergate — the first one — fell off and caused the 2023 panic and 3rd largest bank failure. According to an article by Marty Bent, "Silvergate did not fail, they were forced to shut down by Elizabeth Warren and her acolytes at the regulatory agencies." According to another article by Nic Carter, "The collapse of Silvergate triggered the 2023 banking crisis that would ultimately take down SVB, Signature, and First Republic."

1. January of 2023 - warnings were issued to Silvergate and other crypto-servicing banks. Custodia was denied

2. February of 2023 - Paxos and Protego Bank's charters were withdrawn

3. March 8, 2023 - Silvergate Bank failed

4. March 10, 2023 - Silicon Valley Bank failed

5. March 12, 2023 - Signature Bank failed

The FED is hand-picking and giving privilege to a select few big banks that they will grant to handle crypto. This is unconstitutional. Marty Bent said, “The Fed is actively undermining the dual-banking system that was set up in this country to enable competition between state chartered banks and the Federal Reserve system.”

The collapse of Silicon Valley Bank caused significant damage not only to its customers, but to every American. Customers withdrew $42 billion in funds crippling startups and the large technology companies who were customers. The FDIC deposit insurance fund took a $40 billion dollar hit. This caused every other bank to increase their premiums and fees to cover the added expense — thus, every American paid for this failure.

The special crypto-power given to a select few banks potentially creates an environment where the government holds control over these banks. This puts us one step closer to CBDCs where the FED creates a Central Bank Digital Currency — forcing us to use government CBDCs where everything we do and purchase is surveilled and tracked.

Marty said, "Warren's vendetta against bitcoin and the digital asset industry incited the largest banking crisis" in recent years and it is “All because Elizabeth Warren wants to live in a world in which we are forced to use CBDCs and unable to opt-in to bitcoin.”

In a video posted on X by TFTC, Caitlin Long said, "They were just trying to kill crypto. They succeeded in killing the five crypto banks and out of the five, only one is still standing."

And so, there is only one little brave bank remaining. Custodia Bank is still fighting — for little banks, for the Constitution and for our freedom.

There's a lot to this story and for more depth of thought, listen to Marty Bent's conversation with Caitlin Long, CEO of Custodia Bank. For more detailed information, read Marty's article about Custodia and how Warren incited the banking crisis of 2023 and Nic Carter's article about the FEDs plan to Debank Crypto.

"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model." — Satoshi Nakamoto

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For more detailed information about this topic, see:

links to the video, sources and articles inserted above