73 sats \ 0 replies \ @zatzby 1 May 2023 freebie
it is really starting to heat up
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242 sats \ 0 replies \ @KeynesianClowns 1 May 2023
The whole point is to destroy any decentralization left in the system, namely by getting rid of the regional and local banks. After everything is consolidated into a few big players (BoA, JP Morgan, etc.), a deal can be cut for CBDCs and other financial control that allows the bankers to get their cut and governments to get the control they desire. Insidious and disgusting, but all controlled.
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217 sats \ 1 reply \ @blocktock 1 May 2023
Controlled demolition.
Consolidation in the banking industry enables CBDCs. Majority to seem to think everyone will have accounts directly with the Fed, but I suspect accounts will still be provided by intermediaries and shareholders of the Fed, like JPM. They can build better more gamified UX, as awful as it will be. Consolidation is the planned descent into the abyss.
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1 sat \ 0 replies \ @franzap 1 May 2023
Exactly
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10 sats \ 0 replies \ @fbv000 OP 1 May 2023
Banks with commercial real state exposure
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1 sat \ 1 reply \ @faithandcredit 1 May 2023
Why it's called bank failures? When 3 big ones fail at same time something else must be going on
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0 sats \ 0 replies \ @Epi54 2 May 2023
Possible explanation:
“This wasn’t an accident….Silicon Valley Bank was MURDERED!”
http://www.deepthroatipo.com/how-to-wreck-a-big-old-gsib-bank/
Also read and commented by Guy Swann in Bitcoin Audible #717.
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