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.
I am intrigued by your comment. Would you have time to elaborate, maybe even make a post?