Big Banks Swallowing Small Banks. Corporations Eating Small Businesses. Welcome To Slaughter!...

I wrote yesterday in a post dedicated to the whole situation created by the SVB collapse, and other banks following suit with SBV, that this situation will be used by the elites to further centralize the power they got and to "kill small banks and businesses" for the benefit of the large financial institutions.

And once this happens we could see the damn CBDCs implemented at a large scale. For the moment I'm only commenting on what I see in the US lately, and today I was given the confirmation by Janet Yellen that the slaughter of community banks/small businesses are real and that somehow the government is encouraging retail clients of community banks to simply... move their money into bigger and safer banks.

I stumbled upon this short clip on Twitter today, which I encourage you to watch entirely, where James Lankford, the senior United States senator from Oklahoma, is asking Janet Yellen, serving as the 78th United States secretary of the treasury since January 26, 2021, the exact thing that I mentioned about in my post from yesterday.

So, when Oklahoma senior senator James Lankford asks Janet Yellen if any community bank(small bank ;)) will benefit from the treatment that SVB and other banks have benefited in the past few days, which is having their clients' deposits ensured by the government in case of a collapse, Yellen's simple answer, sent out with a shaky voice was that... neah, this so-called preferential treatment coming from the government will only favor the big banks.

The reasoning for such a decision, according to Janet Yellen is that: only banks that are on the brink of collapse, a collapse that possesses a risk of systemic and significant economic and financial consequences will get to have their clients' funds ensured by the government. Don't ask me how is that going to happen cuz I'm not that good at economics but I sure have the eyes to see bullshit where bullshit is.

Don't get me wrong, if it was I to decide the faith of the banking system I'd simply replace all of it with crypto, decentralized blockchain-based cryptocurrency, without a second thought, but this post is not about the love or hate that I have towards the banking cartel, it is about the desperate power grab that the elites are engaged in. The pace at which total centralization is constricting society has increased considerably over the past two years or so.

The message that this old fart(Janet Yellen) is sending is that whatever large depositor that may be having deposits in a community bank and is expecting to have its funds covered in case of a potential collapse/bank run should choose from one of the "government preferred banks" instead of simply parking large amounts of cash at such community banks if is expecting such deposits to be safe in case a bank run occurs.

The silver lining is simple: choose big banks and you will be ensured, opt for the community banks(insignificant institutions) and you'll have to face disaster, in case that occurs... What does that mean? Well, to me everything happening right now is so simple to grasp and comprehend... There is no longer room in the economy for small players.

Be it individual farmers, community banks, health practitioners, service providers, you name it... It's all about full centralization, control, and ownership. Corporations are getting larger and large at the expense of small businesses and individuals.

But we have Bitcoin, sir... Wasn't Bitcoin/crypto supposed to replace the current financial system? It was... But so far the only country that has made any significant steps in this regard is El Salvador. We don't have anything similar to El Salvador happening anywhere in the world right now. If we don't move fast towards creating an alternative financial system to the current one we're gonna be eaten alive by the spider web that's been created right now.

Another important question we should ask ourselves in the middle of this situation is: how many of the companies that got bankrupt during the pandemic managed to come back to life? What type of companies were these? Mostly family businesses and small companies... How did corporations do during the pandemic? I guess you know the answer to this one...

While open markets were closed during the pandemic, so that the individual farmers can't sell their merchandise, supermarkets were banking big bucks on their businesses. Now when the banking system is shaking what are the governments doing? They're indirectly killing community banks so the big-bailed banks can profit even more. All of this happening thanks to flawed monetary policies practiced by governments over the past couple of years.

I just read this morning that $2 trillion is going to be injected by the government into the banking system of America so it won't collapse. Where is that money coming from and who's gonna pay for it?... Well, I don't know how much sense the following statement will make, but at this point, it makes no sense to sell your Bitcoin or other crypto holding no matter the potential profits, cuz you don't need any more proof other than the mix of current events to realize Bitcoin is the future.

Unless you really need the cash and you have to sell...

Thanks for your attention, Adrian

Posted Using LeoFinance ^Beta