Banks don't have control over Treasury and reserve holdings. Most banks are insolvent, collectively hold 7 trillion in treasuries assets. #TheGreatDefault would collapse most banks I imagine.

A lot of these corporations held by the funds which control the banks, rely on cheap debt (credit money), are over leveraged, are not sustainable without the this current (fraudulent) monetary system.

Also, a default would cause interest rates to skyrocket which would collapse 1 quadrillion derivatives market, and bring stock market down with it.

Supply chains would then also collapse, which we will rebuild using new tech, new financial system.

https://fred.stlouisfed.or...