So do the banks get protected but then the US defaults first?
Already at $31T...
https://www.usdebtclock.org/
issue is Federal Reserve Note (debt based, functionally worthless) and how you bring 'all' those dollars into a sound money system.
'all' called out because many are fractional reserve $'s that aren't real, some illegitimate (disclosure needed for redemption), and others are subject to 13818 and 13848 (i hope subject to immediate destruction, i.e. deflation).
Money supply NEEDS to go down to meet true monetary backing in metals/crypto/energy/production. That can be done by devaluing assets, and calling loans, but at the end of the day, only a Default can truly wipe the slate clean.
how wealth gets carried over into a new system by those who only hold cash or paper instruments, i have no idea. i can guess, but i can't give a good explanation of how the neighbor next door doesn't get totally wiped out...
he who has the gold makes the rules -- or better put, he who has the gold, has the opportunity to help his community and neighbors rebuild.
Trump merged the Fed into the Treasury. How does that fit into all this ? Will they put all this debt onto the Feds books ? Make this fake bank implode ?
the incestuous relationship between banks Federal Govt leads me to believe they fall together. We cannot hope to have the existing banks carry through if we are to change the world and how it operates - they've done too much damage, and they cannot be trusted to change. If you're going to tear a system down, you bring it all down indiscriminately, and rebuild from scratch Doesn't mean everything they had/did was bad, you take the good parts and leverage those for a leg up - but you cannot allow those institutions/people to remain in power.
there is an old Pool post (2018/2019) that mentions UBI but with hidden motives. perhaps that (through CBDC layer, because we KNOW it's coming) is the short term 'savior' to 'carry value across'. At that point, humanity will have to choose its direction. Embrace CBDC, or freedom. Everyone has a choice to make. VK had some TS posts about learning how to skirt a CBDC system - and i take that to heart that it's coming.
2023:
what is a bank? :)
but what do i know, im just a monkey who's had a moscow mule :)
totally - i just mean what is the catalyst?
after what happened with the banks vs today, just made me rethink what i originally thought...who tf know though.
Im just along for the ride :)
