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Ram Ahluwalia Predicts MORE Bank Failures
Bankless
Nationalization of Banking Sector: Quasi-Public Institutions
The speaker discusses two perspectives within crypto circles regarding the nationalization of the banking system/nOne perspective highlights the acquisition of smaller banks by bigger banks, making the banking system almost like a public entity/nThe other perspective predicts a series of dominoes leading to a US dollar fiat blow up debasement catastrophe, encouraging listeners to invest in crypto/nThe speaker acknowledges that banks are quasi public institutions due to the nature of fractional reserve banking and the need for a centralized authority for liquidity and deposit insurance
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