This guy sums up the utter insolvency of our banking system. I realize this is a lot of economic and accounting geekery but for my friends, nothing but the best.
There is only one path forward. They have to crash the economy and send interest rates negative. When they push the long term rates negative, the banks will become solvent on paper.
Some issues: We have a debt problem, captain. The ship is taking on water.... so what?
1. Increase rates and push the yield curve negative until the econ crashes. They will have to print MASSIVELY and push rates NEGATIVE.
2. They have to introduce a new currency system whereby the new currency is not tied to the old debt instruments. Enter the CBDC. A digital currency on a centralized blockchain. So Nueces, isn't the system already digital? Yes, but it's not on a digital ledger. Now we can transact in cash, etc... Not blockchain. They will inflate away the debt by printing the old fiat.
3. How will the CBDC be implemented? They will distribute the CBDC to the outlaws first. What? The outlaws are the unbanked... those typically receiving welfare payments. Next, the law abiding will be corralled with ease once they are forced to take CBDC as payments from the outlaws.
~~~Eventually, there will be a negative exchange rate from fiat to the blockchain.
Once the CBDC is implemented, everything will be monitored. You will be told what you can and cannot buy. All crime will be greatly reduced unless you're in the club of course. Get ready. How are you going to operate outside the system to maintain anonymity?
There is only one path forward. They have to crash the economy and send interest rates negative. When they push the long term rates negative, the banks will become solvent on paper.
Some issues: We have a debt problem, captain. The ship is taking on water.... so what?
1. Increase rates and push the yield curve negative until the econ crashes. They will have to print MASSIVELY and push rates NEGATIVE.
2. They have to introduce a new currency system whereby the new currency is not tied to the old debt instruments. Enter the CBDC. A digital currency on a centralized blockchain. So Nueces, isn't the system already digital? Yes, but it's not on a digital ledger. Now we can transact in cash, etc... Not blockchain. They will inflate away the debt by printing the old fiat.
3. How will the CBDC be implemented? They will distribute the CBDC to the outlaws first. What? The outlaws are the unbanked... those typically receiving welfare payments. Next, the law abiding will be corralled with ease once they are forced to take CBDC as payments from the outlaws.
~~~Eventually, there will be a negative exchange rate from fiat to the blockchain.
Once the CBDC is implemented, everything will be monitored. You will be told what you can and cannot buy. All crime will be greatly reduced unless you're in the club of course. Get ready. How are you going to operate outside the system to maintain anonymity?
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