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 ?
