RE: Cryptocurrency Is Needed To Spur Economic Growth
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After the bank bailouts I wondered what purpose these institutions had? They cut credit lines and basically didn’t lend to anyone. They did however take choice properties and screw everyone. Obsolescence couldn’t come any sooner. Society will be better off.
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FinTech wasnt at the point it is now. Remember, back then, most mortgages still originated in the banking system. That is no longer the case.
The banking industry is just starting to wake up to how much of a threat CBDCs are to them. That wipes a bunch of them out.
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