Let's see...if the Fed came out with a CBDC then what would they want the banks around for? The CBDC is the Fed taking over the function that banks now serve. So it's not terribly surprising that the Fed would have something bad to say about the banks right before the roll out of CBDC.
What I want to know is: will the banks fight back? Anyone for a little divide and conquer?
That's an interesting way to look at it. I think my money would be on the banks outlasting the HFs because their infrastructure might be needed to kick start a new financial system. The HFs are just dead weight.
In any case I don't think it'll do well because everything directly tied to the US banking system will be pulled down whether they ran their business well or not. The US dollar will also lose its value.
Let's see...if the Fed came out with a CBDC then what would they want the banks around for? The CBDC is the Fed taking over the function that banks now serve. So it's not terribly surprising that the Fed would have something bad to say about the banks right before the roll out of CBDC.
What I want to know is: will the banks fight back? Anyone for a little divide and conquer?
They are all in it together when they're winning. When they're losing it's every man for himself.
I call this the potential beginning of a pattern. They are attacking each other.
They do not know who's gonna be the cabal's sacrificial lamb: The Banks or the Hedge Funds propping up Big Stocks
They are pointing fingers at eachother to convince the puppetmasters to take one down and spare the other;
That's an interesting way to look at it. I think my money would be on the banks outlasting the HFs because their infrastructure might be needed to kick start a new financial system. The HFs are just dead weight.
I wonder how the new bank founded by Ben Carson, Larry Elder, and John Rich ("Old Glory Bank") will fare.
I havent heard of this before
Country music star John Rich launches patriotic Old Glory bank with Ben Carson, Larry Elder
https://www.bizpacreview.com/2022/12/11/country-music-star-john-rich-launches-patriotic-old-glory-bank-with-ben-carson-larry-elder-1316101/
In any case I don't think it'll do well because everything directly tied to the US banking system will be pulled down whether they ran their business well or not. The US dollar will also lose its value.
New York Life is my "bank" LOL they've been around 160 years so I'm not worried about Biden bucks.
Yep! https://oldglorybank.com/