So now I want to talk about how the FDX contagion is now spreading to lenders and Underwriters similar to AIG back in 2008 and how this is very likely to collapse the entire crypto industry, causing a massive wave of liquidations which is already hitting these hedge funds hard. So stay tuned and let's make some money. And now I'm going to dive straight in with the key information. So Wall Street Silver tweet is saying Genesis going down as a counterparty for crypto might be the equivalent of AIG as a counterparty to investment Banks during the 2008 to 9 financial crisis. So I want to explain why Genesis is such a big deal to crypto and how it's similar to AIG back in 2008. but I also want to talk about how this impacts AMC specifically. As Pip and Sammy tweeted, he said, for those who have criticized Bighams, you've been dead wrong and he's been spot on right so far He said we've all seen what Brigham's has been saying and everything that he said has come true and even in the order Bigham set it in as well. Obviously, phase Six kicked in earlier this year. there was a massive liquidity crunch in bonds, especially in UK bonds and Banks worldwide have already been struggling, especially Credit Suisse and the Swiss National Bank. Right now, we're seeing a massive pinch in collateral and available liquidity and we're also seeing all of these routes and avenues these shorts have been using. the short AMC now being closed. One by one, all we have left to go is the massive wave of asset sales, which we're already starting to see as the stock market is indeed crashing and a massive wave of liquidations. Obviously, this is something I've been consistently speaking on over the last year as I've kept tabs on what Bighams has been saying and kept tabs on what's been happening in the market around us. Obviously, we saw our chaos def14. We saw Evergran going under massively impacting those bonds. We're seeing pretty much every single Bank around the world, especially these central banks printing massive, massive losses. We're also seeing a massively volatile Market which is a prime indicator of low liquidity. Not only are we seeing meme stocks and Bitcoin for example, behaving erratically, but even the S P 500 has been up and down by five percent in a single day. We're also seeing these synthetic Avenues being closed down as these funds can no longer use Total return swaps, they can no longer use the FTX synthetic tokens, and they can no longer pump their available liquidity with these Chinese IPOs. And we're just about to see a massive influx of asset sales and a massive wave of liquidations as a result of Genesis going under. Jason Yano has given a perfect example of exactly who Genesis is and why it's such a big deal for the entire crypto ecosystem. He'd be saying if this really is the end for Genesis this could be more in impactful than FTX alone FTX hurt liquid funds and consumers, but Genesis impacts nearly every company in crypto. Let's dig in, He said for those who aren't familiar: Genesis started as the first OTC Bitcoin desk back in 2013 and then now Crypto's largest lending desk. He said at the height of the market Genesis was moving size. Check out these quarter 4 2021 numbers. There was 50 billion dollars in loan originations, 12.5 billion in active loans, 31 billion in spot volumes traded, and 21 billion in crypto derivatives traded as well. That means the Genesis are giving out 50 billion dollars of loans to crypto companies. These crypto companies were either taking loans directly or even securing their entire crypto coin on loans from Genesis. They could also collateralize their current Bitcoin Holdings with loans from Genesis as well. This was even available to the regular everyday investor as you could collateralize your crypto Holdings on an external loan. But that means there's a total of around 50 billion dollars in loans that has been given to pretty much every single crypto company, hedge funds, and even regular investors and regular day people as well. And he said Genesis hold some withdrawals is so bad as they sit at the direct Center of crypto Capital markets they custody funds, they help institutions earn yield and they are the yield product for C5 platforms. He said it's not good, let's party tweeted He said: Genesis says that FTX has created unprecedented Market turmoil, resulting in abnormal withdrawal requests which have exceeded their current liquidity. Genesis has obviously been giving out so many loans and using up so much cash, they simply don't have the available liquidity to meet these withdrawal requests. Now, obviously, if the crypto Market actually implodes on the spot, Bitcoin will likely Fall well below 10K per coin and potentially below 5K as well. And that would also wipe out billions of dollars in crypto derivatives that are held by these large hedge funds as well. It also completely remove the ability for these hedge funds to generate additional liquidity in the crypto markets to meet their margin calls, and these hedge funds will simply end up being liquidated as a result, which will trigger the AMC squeeze just as Biggums and as I have been talking about all along and just a quick one. If you haven't already, be sure to join the free Discord Linked In The description below. We've got 1348 indicators and we talk about AMC and share due diligence all day long. And of course, be sure to sign up to MooMoo to get ten dollars absolutely free and 15 free shares. On top of that, work up to a whopping two thousand dollars each. Muma is very easy to use. it's got tons of technical indicators, and you can even get 1348 indicators on the MooMoo platform entirely for free and entirely yourself on whatever stock you like. And it seems Robin Hood is already catching on to just how bad this might actually be. and they're trying to freeze user accounts and sell off AMC and type shares. Crossfield Tweet is saying uh oh, what's going on Robin Hood It looks like people are being locked out of their user accounts and are having specifically their AMC and Ape shares sold off. We can see here from the attached photo. this user has had his AMC and his Ape shares sold and again, it doesn't look like a margin call because it says you're ordered to sell these shares has gone through your brokerage account and it is complete. There's no message saying warning liquidation Your shares have just been liquidated as a result of being too over leveraged and not holding enough liquidity. It's simply saying the sell order has been processed now. Obviously, at this point, if you are still using Robin Hood I don't really know what to say. I would encourage you to get out of Robin Hood as fast as possible and use a more trustworthy broker like MooMoo obviously isn't partially owned by the mainstream media. It's not partially owned by Citadel or Sakoa or Paradigm or any of those big hedge funds. It's entirely separate and it's also a publicly traded company. Obviously, check out my links to MooMoo down in the description below and you can currently get tons of free shares. There's 15 free shares and an extra 10 absolutely for free. On top of that, it also seems that Gary Gensler and the powers that Bee were actually trying to encourage FDX and Sandbank and Freed to obviously prolong the AMC abuse. But now that FTX has collapsed and now these FTX synthetics must be covered, there's likely a billion AMC synthetics that will need to be brought back as part of this bankruptcy proceeding. Bitcoin Archived: We're saying breaking news: The SEC chair Gary Gensler was helping FDX work on legal loopholes to obtain a regulatory Monopoly Obviously, Gary Gensler knew that FTX was running these FTX AMC and GameStop synthetics and was actually trying to encourage them along. And as a result, more than 9 000 people in Crypto have signed a petition from Crypto Law Us demanding an investigation into Gary Gensler himself for handing Sam bankman freed and FTX a regulatory free pass while FTX committed fraud. Again, this isn't just people from the meme stock AMC Community Signing a petition to investigate Gary Gensler is actually people from the crypto community that now hate Gary as well. He said the petition is being spearheaded by lawyer John Edenton who represented the Ripple shareholders or the Ripple coin holders in their ongoing lawsuit against the SEC and it's clear to see that Gary Gensler the SEC and Sandbankment Freed and FTX were all on the same side. You may have seen the recent Ft article about Sam Bateman Freed that was actually very friendly towards his crimes and CZ the CEO of Finance Austin Ft journalist. why was the coverage on Sam Bangman free like that? Why was it so friendly? As we all know that he's a criminal and this Ft journalist or reporter said that I don't know, it wasn't me, Somebody changed his article. Clearly, entire articles are being created or even changed so that it suits Gary Gensler and the SEC. And to make matters even worse, we now have Maxine Waters scheduled to investigate the hearing for the FDX Scandal And as Hang Loose tweeted, he said, sure, let's have the person who negligently mishandled the buy button removal Scandal by allowing Ken Griffin to lie under oath and all this one as well. Clearly Maxine Waters sides with the SEC she sides with Gary Genser and she likely sides with these large hedge funds as well. Wireless FDX Hearing and the investigation doesn't actually impact AMC Specifically because FTX has already gone bankrupt or is going bankrupt, We just know that nothing's going to actually happen to Sam Bankman freed. He's obviously not going to end up in jail, but he's not going to receive any punishment at all. I'm sure he's going to be allowed to go on his way back to the Bahamas and live life enjoyably. But regardless, FTX has gone bankrupt and it will be liquidated and these FDX synthetics will be covered. But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell Because that way you'll be alerted. why not upload a new video? Cheers.