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RE: The End Of Banking

in LeoFinance3 months ago

Well, I think that at the speed that we move, this will be being carried out and executed at a dizzying speed, the question is what the Central Banks will do if their main purpose is the monetary issue and regulation of the financial sector, but if there is no one to regulate then either They will have a reason to be but hey, we hope you are there to see your small big changes that we are about to participate in.

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but if there is no one to regulate then either They will have a reason to be

Yep.

There is no reason the believe that the likes of Google or Facebook have any more use for central banks than they do traditional commercial banks. In the end, they are tool to use on the path to more power and will be discarded when not needed.

This was evident in the blowback against Facebook's Libra. That drew a line in the sand and basically announced that mega tech was coming for the financial sector. The troops rallied to stop it...for a while. But let us not believe for a second it is off the road map. We will see this idea come again.

Google is "playing within the system" before it obliterates said system. While on one hand, getting rid of corrupt bankers is a good thing, it is replacing it with something potentially much worse.

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