Are the recent bank failure a push to implement the use CBDC'S?
We can't say for sure what will happen to traditional banking system 10 years from now with the rates banks are folding up, one thing has continue to play out this year which is incessant banks failure in the history of the world since 2008 our economic system has become weak on it brink of collapse, I'm not quite sure how bad it was back in 2008 but today we are witnessing an entire bank roll up on our centralized traditional banking system the media makes it look like our Reserve system are still strong which is far from truth to reduce fear and increase dependence on government. Those who control the money can easily play mind games on citizens.
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Are we to worry about bank run?
Bank run occur when large number of investors withdraw their money all at once from a specific bank, three large bank recently failed as a result of bank run Silicon valley, Signature bank and first republic bank which in turn affects smaller bank to sale off their shares in fear of further failure from big banks.
The possibility of federal Reserve looking into exploring digital dollar (CBDC) could be attributed to why we are witnessing increasing bank failure lately, are the old dollars fiat notes becoming obsolete and no longer needed to be used as legal tender be the reason for these bank failures or there have been large funds mismanagement which has prompted more investors to lose interest in keeping their funds with banks?
Eminent domain
James Dimon Chairman and executive officer, JPMORGAN chase and Co. In his letter to shareholders stressed on the need for government to implement eminent domain a legal term that describes governments using its power to expropriate private property for public use.
The day will come when the government gives us a deadline to turn in our paper currency to be converted into CBDC, providing them with complete financial domination over the people.
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Well we might live to see this day since government could legally have right over one's property implementing the use of CBDC'S could also be a little paper work for them after all the world has gone digital but are the citizens ready for CBDC digital currencies?