Damus
Marty Bent profile picture
Marty Bent
@MartyBent
The bad banks are all going to be consolidated into the big four banks, which doesn't solve the problem. It simply centralizes all of the risk into fewer institutions.
149❤️16🤙22
nostrich · 149w
The bad banks are going to be consolidated into the badder banks cuz our system is the baddest anyone can possibly imagine
nostrich · 149w
They want the control centralized for their cbdc
Rich · 149w
They can keep the music playing a bit longer this way
nostrich · 149w
Paving the way for CBDC. Easier to further consolidate the remainder than all at once.
jack · 149w
Round and round we go
Paul · 149w
Yup, that’s how circling the toilet physics works. 🚽
imtwd · 149w
And all of the control. It is so much easier to have just a few to manage many minions. Centralized Control, don’t fall for it, decentralize. Yes, that is the true liberty or self governance.
Blue Shoyru · 149w
This is one reason this fiat ponzi won’t end this cycle… the big four will buy up the rest of the banks with money from the government… maybe next cycle we see nationalization of those banks, and finally a crises that will melt the gov
aaron · 149w
With 0% reserves and infinite deposit coverage there is no risk on withdrawing what you quantitatively deposited in and unlimited risk to the debasement of those same funds.
damon · 149w
And makes them easier to control, I guess.