People are chatting about banks facing serious issues, and having massive liquidity issues while being unable to cover the customer's deposits/investments.
Banks are inherently unnecessary now. They no longer serve a purpose. All of their decisions are intended to keep THEM in the business of making money, using ours.
Can they begin using crypto for customer accounts to transfer the value? Probably not...
Customers would withdrawal everything in the span of days. Digitally transferred out at rapid speeds for anything too big for a cash withdrawal.
Placed where? Mattresses? Coffee cans in the backyard? Nope.
They instead attempt to convert their fiat into digital assets, precious metals, physical investments, absolving debts...
The BIGGER problem in my mind is that the majority of the liquidity isn't even contained in the private sector. It's being hoarded by these same banks, institutions, hedge funds, and large scale global investors. It is a shell game and they are running out of shells rapidly.
Trump may very well remove the last shell from the board and finally expose them.
And then what? In the macroeconomic scale that this predicament creates... the 99.99% of us who are "normal people" actually hold a very small portion of the wealth.
The bigger issue is what occurs when this liquidity black hole collapses in on itself?
Trump & Co MUST have a plan already. Likely not involving the abandonment of fiat, as this would cause pure chaos. But rather, some kind of safe "reset" exposing the financial criminals and reconciling some kind of fair market value for the $USD based on a number of criteria and value mechanisms.
This model could be created in such a way that it is universally applicable on a global scale. Awarding countries based on their current economic successes, productivity, natural resources, existing fiat, precious metal supply, GDP, other global financial commitments, borrowed money, etc.
There must be a way to lay the entire system out bare, right in the sunlight, for all to see... exposing the toxicity that has infected every corner of the financial system. All the way from a rigged stock market & over-exposed mega banks down to local credit union overdrafts & predatory interest rates.
I see no other way forward outside of something THIS drastic.
@DOGE would be quite an important department if something like this were to take place. As I'm sure the US Government has a very deep knowledge of the financial crimes going on at this very moment.
This is why I keep saying
Old economic models are out Wage slaving out, industrialist model out
Child tax credits, SSI retirement, 401ks, disability, pensions, etc are ALL UBI. It is the truth no one wants to accept. A massive amount of the population is already ON UBI.
Income tax gets abolished or reformed because post Q everyone is on some sort of UBI probably tiered by age, number of children, single or married, geographic location, etc.
Being clear and upfront about it PLUS Department of Government Efficiency overseeing it means it goes from utopian pipe dream to actually viable and legitimate reality
Then our model triggers the world. Corruption gets exposed everywhere. The retarded dream of communists, the proleteriat rising up actually happens on a massive scale in developing countries when people realize it was their own "shithole countries" holding them down
Really? I don’t see it as a soft landing to Star Trek digital money. The banks were suppose to become Basel something compliant under new rules, some banks may fail, some may not. People will still need to work, Trump isn’t going to stop paying Social Security, Medicare and Medicaid.