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Whats really happening is the the really big players are now extracting wealth from the middle ones. For the American people, this means the middle class gets d
by arca_vorago 11y ago
Whats really happening is the the really big players are now extracting wealth from the middle ones. For the American people, this means the middle class gets destroyed, but the key here is that lots of people that are technically "middle class", are really in the top lowerhalf of the 1%, but many of them don't realize the wave to come.
So once even the 200k/year lawyer down the street is suddenly homeless because he actually had negative net worth, then it will be too late, but the real point is that there is no more money to be extracted from the lower classes except by death by a thousand cuts (taxes), so all the middle men hedge funders etc are going to be mergered and acquisitioned away as the banks learn how to manipulate the blockchain market and take it over just like they have everthing else.
Digitalization of the financial industry is just the buzzword scapegoat they are going to use to get it done. The same way in which, you see the former director of NSA leaving and joining a bank, and then yelling doom and gloom about hackers zeroing out accounts. All that tells me is that is what they have already planned.
I can see the headline now: "Hacker breach $BANKS, transfer $BILLIONS. Another bailout unavoidable to prevent collapse."
I've said it before, and I'll say it again, the elite oligarchical international bankers are closer to terrorists than businessmen.