General Discussion
In reply to the discussion: The Worse the Chaos That Results, the Sooner the Eventual Revulsion and Turnaround [View all]Farmer-Rick
(11,448 posts)They want to be rid of the central banking system and put in free banking. That's the system in place right before the Great Depression. The Federal Reserve system was put into place as a way to prevent yet another Great Depression.
So, if they do as is outlined in the 2025 plan, when another run on the banks happens like in 2007, there will be nothing to stop the bleeding. Watch it's a wonderful life to see a bank run with no stops. Cash will be king...sort of.
It will mean all your money in the bank will be taken by the bank to cover its losses. And with no FDIC (it's part of the Fed and does inspections and regulates banks) to insure your deposits, you will never get your money back.
Much like when the banks took your homes, when wall street crashed the system.
Also it looks like Musk is going to institute austerity for all. Oh the wonders of a fascist regime.