kevinsmith on Nostr: We live in a new financial landscape after this past weekend. The very next bank to ...
We live in a new financial landscape after this past weekend. The very next bank to fail that doesn’t cover all depositors (and mark my words, it will happen at some point), people will immediately grow concerned that their bank might not get bailed out. Suddenly the idea of a digital checking account directly at the Fed will see really attractive. And that’s how a CBDC becomes a reality in the US.
Stay vigilant, folks.
Published at
2023-03-13 14:10:57Event JSON
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"content": "We live in a new financial landscape after this past weekend. The very next bank to fail that doesn’t cover all depositors (and mark my words, it will happen at some point), people will immediately grow concerned that their bank might not get bailed out. Suddenly the idea of a digital checking account directly at the Fed will see really attractive. And that’s how a CBDC becomes a reality in the US.\n\nStay vigilant, folks.",
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