I think this is accurate. The donor class banks, like SVB, will be the first to fail, so that these elite depositors are the first to recover their funds from the government. This was by design. As soon as these elite depositors cash their checks from the government recouping their losses, they will transfer that wealth into either digital assets or another currency. Then the peasants will be left holding useless worthless US dollars.
I think this is accurate. The donor class banks, like SVB, will be the first to fail, so that these elite depositors are the first to recover their funds from the government. This was by design. As soon as these elite depositors cash their checks from the government recouping their losses, they will transfer that wealth into either digital assets or another currency. Then the peasants will be left holding useless worthless US dollars.