Left out of this article is the probability that the government would tie a digital currency into a Chinese style social credit system to track not only everything you purchase, but your movement and speech.
BTTT
There’s nothing special about banks, or the banking system, that suggests it should not be nationalized.
The money system is a national function already. Congress “coins money, and regulates the value thereof” and “issues bills of credit on the united States”, and no State may “make anything but gold and silver coin legal tender in payment of debts”.
Banks and bankers are supposed to be servants of the above, not masters.
“””The next logical step is for the government to.....”””
For the past 30 years government has been the cause of one crisis followed by another crisis.
1. Irrational exuberance
2. Y2K
3. Dot Com Collapse
4. Collateralized Housing Mortgages
5. TARP
6. Quantitative Easing
7. Outsourcing gain of function to China
8. Covid stimulus checks
9. Bailout of depositors in excess of FDIC $250,000 limit
The pattern is clear. When government interjects itself into the market, bad things happen.
Our nation is under siege, and it seems the people are too wrapped up in their cell phones and narcotics to see what's happening.
The ones who are behind all of this are same ones who engineered and payed for the theft of the last presidential election..
Those who financing the invasion at the southern border.
The same ones who brought us covid.
The same ones who are working overtime at this very moment to destroy our banking system, and our economy..
Who do you think that might be...? Who do you think would have the most to gain..? Money would be irrelevant, they already have that..
Yellen already told Congress that only systemically important banks will be protected beyond $259K, which is a call for those with deposits above that to further centralize our banking system by moving from community or regional banks to those monstrosities deemed “too large to fail”.
From there it will be able for our new level of corporate banking fascism to deputize the surviving banks to enforce AML/KYC surveillance and control over the CBDC that has started to roll out.
*$250K
Ping
I have asked before, and I will ask again..
How exactly did we “bail out” the bank?
If what I have read is correct, we bought the assets at purchase price. This made the depositors whole.
When the assets mature, we reap the profits.
How is this a bailout?