84 sats \ 2 replies \ @skreep_ 6 Mar \ on: New York Community Bank is collapsing news
I've got all sorts of thoughts on where this is going, but short and to the point:
Banking must be as centralized as possible before implementing a CBDC.
yes indeed, you could puke! but briefly on the cbdc in the US: the banking cartel, the Fed's ownership cartel, has no interest whatsoever in the Fed destroying their retail banking business, which yields multi-billions every year. I wouldn't be afraid of that in the United States, especially with the various state laws and the new president next year. the eurozone is a different story, but again, I think it will collapse before the commies in Brussels and Frankfurt are even able to implement it.
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All of those people that you said don't want a CBDC want a CBDC, and independent banks, small time community credit unions, regional banks etc stand in the way of the implementation.
This isn't about destroying retail banking business, it's about consolidating as much banking influence and power as possible in a last ditch effort to maintain their control they've had over us for centuries. It's much easier to implement a CBDC with the help of 5 or 6 megacorp banks instead of thousands of independent banks.
They tricked banks into buying absolutely shit bonds, hiked rates up historically high, and introduced a shadow YCC program to kick the can down the road.
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