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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We have a Community Bank in our town. You can look up info on public records & They offer their family members and cronies “limitless line of credit” as long as they make the original mortgage payment. I couldn’t even get the paycheck protection loan when Covid started because they served clients with high account balances first. I hope it gets shut down or blown up on Nov 5th!!
09:49 PM - Oct 31, 2022
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