The bad banks are all going to be consolidated into the big four banks, which doesn't solve the problem. It simply centralizes all of the risk into fewer institutions.
Discussion
The bad banks are going to be consolidated into the badder banks cuz our system is the baddest anyone can possibly imagine
They can keep the music playing a bit longer this way
This exactly. Then once one of those four fail: #TheBigPrint begins
Paving the way for CBDC. Easier to further consolidate the remainder than all at once.
Round and round we go
it's the final round. those 4 banks will fail too because they're reliant on the same IDs as the rest. the end result is a fully-federalised system outside the access or control of the citizenry, with participation only through proof of verification/compliance.
the blockchain is the final seizure.
So I'm thinking it's because of the cdbc, you'll have 4 choices of accounts for loan transactions will interacting directly with the Fed for your fed account?
Then they issue the CBCDs
Yup, that’s how circling the toilet physics works. 🚽
And all of the control. It is so much easier to have just a few to manage many minions. Centralized Control, don’t fall for it, decentralize. Yes, that is the true liberty or self governance.
This is one reason this fiat ponzi won’t end this cycle… the big four will buy up the rest of the banks with money from the government… maybe next cycle we see nationalization of those banks, and finally a crises that will melt the gov
With 0% reserves and infinite deposit coverage there is no risk on withdrawing what you quantitatively deposited in and unlimited risk to the debasement of those same funds.
And makes them easier to control, I guess.