Predictions on Gold, Silver and Oil; Caroline Ellison’s Testimony on FTX and the Mystery of Sam Trabucco; The US Dollar’s Mass Destruction as the Fed Turns 109: Overview of the Week – The Bitcoin News Weekly
Title: Precious Metals, Oil, and the Federal Reserve: Review of the Week Article: According to Robert Kiyosaki’s prediction of a stock market crash that could lead to a spike in precious metals prices, now is the time to invest in gold and silver. In other news, the crypto community was curious about the former Alameda Research co-CEO Sam Trabucco and the guilty plea entered by Caroline Ellison, which revealed troubling information about customer funds. Additionally, the purchasing power of the US dollar has been massively eroded since the Federal Reserve was established 109 years ago. Finally, one market strategist believes oil should be in “crush” by 2023. All of this and more can be found in the current issue of Bitcoin.com News Week In Review. The famous author of the best-selling novel Rich Dad Poor Dad, Robert Kiyosaki, warns that this could be your last chance to buy silver and gold at low prices. “Inflation goes up. Interest rates going up. The stock market will crash and gold and silver will rise,” Kiyosaki described. The transcript of the guilty plea of former Alameda Research CEO Caroline Ellison revealed that she was reporting directly to the former CEO of FTX, Sam Bankman-Fried (SBF) and that she was aware of a significant borrowing facility between 2019-2022. This facility allowed the company to access an unlimited amount of unsecured credit and allowed FTX customers to access the funds through a centralized bank account. Following the arrest of FTX founder Sam Bankman-Fried and the statements of his co-workers Gary Wang and Caroline Ellison, attention has now turned to the other executives in the team’s inner circle. One such person is former Alameda Research co-CEO Sam Trabucco, who has managed to remain out of the public eye since his departure in March 2022. The only clue to his whereabouts is a single tweet from October 2022, which reads: “I’m taking a break from the crypto world.” It is unclear whether he is still involved in the crypto space in any way.
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