Balaji’s on point here saying “The question is how to get out. Fed is launching their CBDC in July. You have about 90 days to exit. After that, you’re trapped.”

https://twitter.com/balajis/status/1638342907626409984?s=46&t=CuI8Kj75q_o2f-zLIRyZKg

Just today I listened to a podcast where Cem Kansan rather nonchalantly says that banks may have to put withdrawal limits to slow the rate at which people can take money out of the bank for “the health of the system.” https://fountain.fm/episode/14222521446

Banks are no stranger to slowing bank runs. “In the 19th century, when bank runs were common in the U.S., banks who feared a run would have employees and relatives line up in front of the tellers and make tiny deposits or withdrawals, to pass the time until the bank closed. “

https://www.npr.org/sections/money/2012/06/12/154719542/three-ways-to-stop-a-bank-run

Point being that we need to be prepared, the banks will team with government, in the face of a calamity, and will likely put restrictions on your money “for the good of the system.” It will be Covid all over again but with banks.

I will have a Plan B ready 🟠