It’s not exactly a secret that the banking system is at risk of insolvency over their investments in bonds and treasury bills that are underwater due to the increase in interest rates. The only thing holding it all together is that there hasn’t been a run on the banks... yet.
The objective is a ‘cashless society’.
Getting rid of the ‘cash’ is the first step.................
I almost want to cause a bank run. We need to burn this pig sty down before it gets any worse.