Name: Fractional Reserve Banking, Money Printing & Counterparty Risk. The System is Broken! 🏦📉⬇️🔥🖨️💸
Uploaded: 2023-03-27T06:30:10+00:00
Duration: 8 min 54 s
Description: This flawed system cannot continue and we may be on our final cycle. A cycle we've seen repeat every 15 years or so with a major economic crash, massive inflation and bank closures. We slowly rebuild,

1 year ago

Bank Banking Banker Fractional Reserve Banking Central Banks Fiat Inflation CBDC Federal Reserve IMF Counterparty Risk

This flawed system cannot continue and we may be on our final cycle. A cycle we've seen repeat every 15 years or so with a major economic crash, massive inflation and bank closures. We slowly rebuild, then it happens again.
What is coming is the elimination of small Community Banks and consolidation into Mega Banks that will become Nationalized by our Federal Government. When that happens, sooner rather than later, CBDC will replace cash that will be direct deposited into our accounts. Business will die out as the government will implement "Operation Chokepoint 2.0" and decide when and where our money can be spent, and on what. People who say the wrong thing, join the wrong political movement, don't get their vaccines, or annoy the government in any way will see their monetary and societal privileges suspended or revoked as part of a Social Credit Score. Massive unemployment will follow, and a Universal Basic Income will begin, paying people a 'Fed Coin' stipend much like welfare, to stay home and do nothing with their lives. 15-Minute 'Smart' Cities will cordon off neighborhoods from one another, keeping the rich, rich and the poor, poor, with zero chance of mingling or upward mobility. The middle class will be phased out. We will all become prisoners.

But there's a better way... a system with NO Issuer, NO Counterparty Risk, NO Inflation, NO Fractional Reserve Banking, NO Censorship, NO Stealing... #Bitcoin

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