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Decentralization in Global Banking System and Central Bank Coordination
Exploration of decentralization in the global banking system, focusing on the role of institutions like the Bank for International Settlements (BIS) and the coordination among central bankers on a global scale. The conversation touches on the short-term benefits and potential long-term drawbacks of the current financial system, wealth inequality, unsustainable debt levels, and potential scenarios for addressing increasing debt to avoid financial instability and civil unrest.