Viewing a response to: @tarazkp/overinflated-and-underhyped
I've been keeping in the loop of what's going on in USA at the moment. At least a handful of banks have collapsed in the last few months because of all the debt that they can't pay and they don't have any liquidity so the smaller banks are being bought up by the largest banks at a fraction. This is how it starts. It's apparently already worst than the 2008 crash and people believe that when the SHTF, there will be chaos. Bank runs, riots, burning shit down, I am sure it will happen. Civil disobedience sometimes is necessary to stop things, but the problem is that mob mentality takes over and when it becomes violent, it's very difficult to stop. I saw a headline today that CBDCs are already being rolled out in some smaller countries. Centralisation will be sold to the population with some form of incentive and people will fall for it.
| author | emma-h |
|---|---|
| permlink | re-tarazkp-rv4nhe |
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>so the smaller banks are being bought up by the largest banks at a fraction. It happened in 2008 too. >Civil disobedience sometimes is necessary to stop things, but the problem is that mob mentality takes over and when it becomes violent, it's very difficult to stop. And in a society charged with drama and no sense of responsibility or civility, it escalates quickly and to new levels unseen prior. >Centralisation will be sold to the population with some form of incentive and people will fall for it. Again.
| author | tarazkp |
|---|---|
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