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.
Why do banks suck?
Banks suck is the reason we started this bankless thing. Not that banks are all bad but they take too much and give to little. They need to be disrupted.
We brought Mel Mattison, author of Quoz, and he’s very clear on what’s wrong with banks.
They’ve become too centralized, unbalanced, short-sighted, corrupt. Power has tilted away from the people and into the hands of a central banking cabal. The relationship between sovereign governments and private banks has become an unholy alliance.
0:00 Intro 5:41 Quoz 8:15 Monetary History 19:13 History of Banks 29:27 Banks: The Good 42:17 Banks: The Bad 57:16 The Banking Cabal 1:12:55 The Central Bank Endgame 1:20:56 The Great Taking 1:33:12 How to Prepare 1:42:17 Crypto 1:52:43 Closing & Disclaimers