Sort of yes, sort of no. The war on crypto might defund these banks, but it also means JP Morgan Chase gets to eat up these banks and keep itself alive, centralizing the banking sectors around only the largest banks. So yes, as controlled demolition of the monetary system, it is still a good thing for some elites.
The problem is that the fundamental basis of the economy is already dead. It's like asking whether or not the gangrene in the arm caused the cardiac arrest on the patient, rather than the fact that he was shot in the head.
There is no money. The system is already dead. This is just agonal breathing. Nothing can be recovered. Claiming that this one bank failure comes from this one policy is simply irrelevant. There are bad policies in every sector that are overlaying on top of each other. We have a Gordian Knot of bad ideas, and we've well past the point of no return.
Sort of yes, sort of no. The war on crypto might defund these banks, but it also means JP Morgan Chase gets to eat up these banks and keep itself alive, centralizing the banking sectors around only the largest banks. So yes, as controlled demolition of the monetary system, it is still a good thing for some elites.
The problem is that the fundamental basis of the economy is already dead. It's like asking whether or not the gangrene in the arm caused the cardiac arrest on the patient, rather than the fact that he was shot in the head.
There is no money. The system is already dead. This is just agonal breathing. Nothing can be recovered. Claiming that this one bank failure comes from this one policy is simply irrelevant. There are bad policies in every sector that are overlaying on top of each other. We have a Gordian Knot of bad ideas, and we've well past the point of no return.