It’s still gonna be a heavily regulated sector (like the entire economy) where the government is heavily involved. I’m not allowed to become a bank without going through an ocean of red tape and bureaucracy. Which is ironic because my small gold and silver stash would mean I have more actual reserves than most other “banks”
Folks.. stand back and look at the "big" picture, E&DT are expanding the AI "non-human" element. As you cheer on efficiency, their AI wet dream becomes realized. Sure, we'll start with business, banking, government, wars, and every other industry that replaces "you" with a chip controlled machine controlled by them (NOT US). In the end it is all of you that are being de-regulated, de-valued and de-purposed. AI is not our savior for a better world, it's their savior to completely rule the world including everything and everyone. God gave you all free will and your giving it all to the beast...
Most of the regulations are written to help the big banks take over the smaller ones, i.e., to drive the small ones out of business so the big ones can buy them for pennies on the dollar. The regulators eventually hope to get their payoff by going to work later for one of the big banks. The regulations, as they stand now, are not there to protect depositors.
The regulation that would really help US would be to re-institute the Glass-Steagle restrictions that kept the big banks from speculating with investor funds - that is, that kept separate the investment banks and the depositor banks, but our paid-off congress will NEVER do that.
HOW CAN YOU TRUST ANY BANK THESE DAYS ??? THEY ARE SO HEAVILY INTO DERIVATIVES -BETTER OPTION A CREDIT UNION -THEY DO NOT BUY DERIVATIVES ----ALL THE BIG ONES BANK OF AMERICA, CHASE, WELLS FARGO, CITI - I WOULD NOT TRUST THEM AT ALL
Does deregulation mean that the banks will be able to invest in cryptos and the stock market? Some of the large TARP subsidized banks like JPM, BOA & Citigroup are already in the derivatives market. If so, when the whales pull the rug out from under cryptos and the Fed allows the debt market & stock market to tank they could easily wipe out the banks at the same time.
How is the crypto market any different from Wall Street when the same whale investors can move the market up or down? The introduction of ETFs is a prime example of their involvement in the market. How is trackable money a good thing for the common man? As they devalue cash and make it obsolete people will be forced to use cyptos where every transaction can be tracked and taxed. Do you look forward to digital enslavement?
It’s still gonna be a heavily regulated sector (like the entire economy) where the government is heavily involved. I’m not allowed to become a bank without going through an ocean of red tape and bureaucracy. Which is ironic because my small gold and silver stash would mean I have more actual reserves than most other “banks”
You can become a loan shark much more easily.
Collections is the fun part.
Folks.. stand back and look at the "big" picture, E&DT are expanding the AI "non-human" element. As you cheer on efficiency, their AI wet dream becomes realized. Sure, we'll start with business, banking, government, wars, and every other industry that replaces "you" with a chip controlled machine controlled by them (NOT US). In the end it is all of you that are being de-regulated, de-valued and de-purposed. AI is not our savior for a better world, it's their savior to completely rule the world including everything and everyone. God gave you all free will and your giving it all to the beast...
The banks have been deregulated ever since they could print money from nothing and buy gold with it.
Depends what they are. My guess it would benefit the banks over the customers.
Most of the regulations are written to help the big banks take over the smaller ones, i.e., to drive the small ones out of business so the big ones can buy them for pennies on the dollar. The regulators eventually hope to get their payoff by going to work later for one of the big banks. The regulations, as they stand now, are not there to protect depositors.
The regulation that would really help US would be to re-institute the Glass-Steagle restrictions that kept the big banks from speculating with investor funds - that is, that kept separate the investment banks and the depositor banks, but our paid-off congress will NEVER do that.
I would much prefer the opposite: deregulate the people and regulate the banks.
DUH-DUH,
Need I say more!!
HOW CAN YOU TRUST ANY BANK THESE DAYS ??? THEY ARE SO HEAVILY INTO DERIVATIVES -BETTER OPTION A CREDIT UNION -THEY DO NOT BUY DERIVATIVES ----ALL THE BIG ONES BANK OF AMERICA, CHASE, WELLS FARGO, CITI - I WOULD NOT TRUST THEM AT ALL
Turn off your caps.
I LIKE CAPS EASIER FOR ME TO READ --WHOEVER MADE UP THIS INTERNET PROTOCALL IS A MORON - I AM AN OLD GUY
GO GET 'EM donny... ;-)
THANK YOU SIR
Caps are impolite even for old guys.
SCREW YOU - YOU DON;T LIKE IT TOUGH TITTY
It will help the central banks insiders get rid of and take over the last little bit of competition.
Does deregulation mean that the banks will be able to invest in cryptos and the stock market? Some of the large TARP subsidized banks like JPM, BOA & Citigroup are already in the derivatives market. If so, when the whales pull the rug out from under cryptos and the Fed allows the debt market & stock market to tank they could easily wipe out the banks at the same time.
How is the crypto market any different from Wall Street when the same whale investors can move the market up or down? The introduction of ETFs is a prime example of their involvement in the market. How is trackable money a good thing for the common man? As they devalue cash and make it obsolete people will be forced to use cyptos where every transaction can be tracked and taxed. Do you look forward to digital enslavement?
It is hard to say without knowing the details of the deregulations.
There is an imposter on here.