Doq Holliday
@doqholliday
29 October, 11:18
There are two scenarios that I can see playing out with banks:
1. They collapse on their own without a CBDC
2. They go the CBDC route as a last resort thinking they will maybe save themselves but CBDCs act as a white hat trojan horse as they give bank members the ability to convert their accounts to the CBDC but the banks still try to keep their stupid control rules in place. People will then get pissed, swap their CBDC for a stable coin and move the funds out.
Banks die.
Only a matter of time.
1. They collapse on their own without a CBDC
2. They go the CBDC route as a last resort thinking they will maybe save themselves but CBDCs act as a white hat trojan horse as they give bank members the ability to convert their accounts to the CBDC but the banks still try to keep their stupid control rules in place. People will then get pissed, swap their CBDC for a stable coin and move the funds out.
Banks die.
Only a matter of time.
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Unless there is an organized plan to reduce the debt load, the central bankers will print all of the currencies into oblivion. It has happened in every single case. Because they have kicked the can so far down the road, they are in the unfortunate quandary of print money or die.
Why you might ask....simply because overly expanded balance sheet money can't be allowed to default any longer. Just like Lehman, where they go one they go all.
Another important factor is that digital money is credit money. Credit money will cease to function when prices are rising too fast to adjust, but the bank balance sheets will appear solvent on paper. That is why if this plays itself out naturally, you will need wheelbarrows to go to lunch. Just like in Germany and Zimbabwe.
The last point is this: The U.S. currency derives all of its current value from its global use. That is coming to an end with the BRICS saying we aren't taking your worthless toilet roll for our blood sweat and te
Why you might ask....simply because overly expanded balance sheet money can't be allowed to default any longer. Just like Lehman, where they go one they go all.
Another important factor is that digital money is credit money. Credit money will cease to function when prices are rising too fast to adjust, but the bank balance sheets will appear solvent on paper. That is why if this plays itself out naturally, you will need wheelbarrows to go to lunch. Just like in Germany and Zimbabwe.
The last point is this: The U.S. currency derives all of its current value from its global use. That is coming to an end with the BRICS saying we aren't taking your worthless toilet roll for our blood sweat and te
09:55 AM - Oct 30, 2022
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