Disagree that it was planned (at least not planned by THESE guys) but it was a foregone conclusion given how the financial system has been set up. The only question was when, not if, it would come crashing down.
These guys are facing a legit double-edged sword. With fractional banking, the biggest risk is a run on the banks. Even a false rumor can spark one. When problems arise, there's this lose-lose situation: inform the public and you risk exacerbating the situation by creating a bank run; don't inform the public and you risk getting accused of conspiracies, risk leaving people exposed, and risk people losing confidence in the system as a whole, which leads to runs on more banks or even all banks. It's a big house of cards and if you've ever built one you know how you reach a point where you're scared to move or breathe because the structure itself is its own greatest threat.
I knew in 2010. Just thought this was crazy them talking about it. Almost seems planned.
This is no doubt same level of trolling as the Bill Gates openly saying "If we use vaccines effectively we can reduce 10% of the population".
Disagree that it was planned (at least not planned by THESE guys) but it was a foregone conclusion given how the financial system has been set up. The only question was when, not if, it would come crashing down.
These guys are facing a legit double-edged sword. With fractional banking, the biggest risk is a run on the banks. Even a false rumor can spark one. When problems arise, there's this lose-lose situation: inform the public and you risk exacerbating the situation by creating a bank run; don't inform the public and you risk getting accused of conspiracies, risk leaving people exposed, and risk people losing confidence in the system as a whole, which leads to runs on more banks or even all banks. It's a big house of cards and if you've ever built one you know how you reach a point where you're scared to move or breathe because the structure itself is its own greatest threat.