BorderlessBTC on Nostr: We witnessing a controlled demotion of the US banking system. The US Central Bank is ...
We witnessing a controlled demotion of the US banking system.
The US Central Bank is governed by very smart folks.
They knew perfectly well that raising interest rates would make banks insolvent.
They still did it to reach their proclaimed goal: "decrease inflation".
And that truly was one of their goals.
But I am sure they had more goals.
They know very well that the financal system is bankrupt.
And they have 3 options:
1. Maintain a consistently high inflationary monetary policy to decrease debts.
2. Introduce Central Bank Digital Currencies so they can implement monetary policy on an individual level (communism 2.0).
3. Another option that I don't see but maybe you can help me see in the comments :)?
A major crash/recession unfortunately seems inevitable.
And every crisis is a perfect opprutnity to introduce more control and limiting of freedoms.
Like what we have seen in the crises in:
- 1907 - banking crisis in USA which led to the nationalisation of USD
- 1914 - WW1 and brrr* to finance ther war
- 1933 - USA confiscated its citizens' gold (essentiall brrr* )
- 1971 - USD currency crisis -> USD no more backed by gold (brrr* again)
- 2001 - Patriot act and brrr* to finance the war and kill the terrorists
- 2008 - Recession and brrr* to save the banks
- 2020 - Lock-downs and brrr* to save the economy
- 2023/4/5 brrrrrrrr
*brrr is a meme referring to central bankins printing of money
Thank god for Bitcoin!
Subscribe to my #BitcoinReady newsletter (link in my profile) or subscribe to Christine Lagard's #CBDCReady newsleetter to avoid bitcoin and freedom.
The US Central Bank is governed by very smart folks.
They knew perfectly well that raising interest rates would make banks insolvent.
They still did it to reach their proclaimed goal: "decrease inflation".
And that truly was one of their goals.
But I am sure they had more goals.
They know very well that the financal system is bankrupt.
And they have 3 options:
1. Maintain a consistently high inflationary monetary policy to decrease debts.
2. Introduce Central Bank Digital Currencies so they can implement monetary policy on an individual level (communism 2.0).
3. Another option that I don't see but maybe you can help me see in the comments :)?
A major crash/recession unfortunately seems inevitable.
And every crisis is a perfect opprutnity to introduce more control and limiting of freedoms.
Like what we have seen in the crises in:
- 1907 - banking crisis in USA which led to the nationalisation of USD
- 1914 - WW1 and brrr* to finance ther war
- 1933 - USA confiscated its citizens' gold (essentiall brrr* )
- 1971 - USD currency crisis -> USD no more backed by gold (brrr* again)
- 2001 - Patriot act and brrr* to finance the war and kill the terrorists
- 2008 - Recession and brrr* to save the banks
- 2020 - Lock-downs and brrr* to save the economy
- 2023/4/5 brrrrrrrr
*brrr is a meme referring to central bankins printing of money
Thank god for Bitcoin!
Subscribe to my #BitcoinReady newsletter (link in my profile) or subscribe to Christine Lagard's #CBDCReady newsleetter to avoid bitcoin and freedom.