2nd Smartest Guy in the World has an interesting post on what was really going on with the bank runs. And there is truth to it being an attack on crypto companies and very likely connected to the CBDC they have in the works. Also, since this kicked off the Fed’s balance sheet has expanded by $300 billion to $8.6 trillion, so printing that money and raising inflation. And there have been stories that people are pulling money out of small banks and putting it in the too large to fail banks, so it might very well be an attempt to destroy the small institutions and drive business to the large megacorps. And there is a lot of historical information about the Fed and how it has been used to manipulate markets for profit, and then those behind the scenes acquiring what’s left after the crash for pennies on the dollar. If nothing else, it’s good to be aware of his observations and predictions as we can watch and see how it all unfolds.
https://www.2ndsmartestguyintheworld.com/p/psyop-market-crash-social-engineering
Breaking: The Federal Reserve Announces Its First Big Step Towards a Digital Dollar
Interesting that FedNow is kicking off in April for early adopter, certifying institutions with full roll out in July. As the Wikipedia explanation below states this accomplishes most of what a CBDC would.
FedNow is a service developed by the Federal Reserve for depository institutions in the United States. It will enable individuals and businesses to send and receive instant payments.[1][2][3][4] Banks will be able to build products on top of the FedNow platform.[5] FedNow is scheduled to begin formal certification of participants of the program in April 2023, with a formal launch planned for July 2023.[6][7] It will operate on a 24-hour, 365-days-a-year basis,[8] as opposed to the government’s current system that is closed on weekends and holidays.[9][10] FedNow’s transaction costs will be five times less-expensive than existing payment solutions, which cost merchants an average of $0.23 per transaction.[5]
Instant payments address most of the problems that a central bank digital currency (CBDC) would solve.[11][12] However, FedNow is not a CBDC, because it is not a liability of the Federal government.[13][5]
https://en.wikipedia.org/wiki/FedNow#cite_note-7
