America, wake up. Our financial system is being taken over by big banks, and it's happening right before our eyes.
With JP Morgan's latest takeover, they now have nearly $3 trillion in US bank deposits under their control.
The consolidation of the banking industry has led to a drastic decline in the number of community banks, leaving us with a handful of national giants (like JP Morgan) in America.
But what does this mean for Americans?
Well, I'm concerned that if our money becomes concentrated in just a few banks, the US government can exert control over the banking system and even introduce a central bank digital currency.
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REVENTURE APP: https://www.beta.reventure.app/dashboard
#reventureconsulting #digitalcurrency #financialnews #businessnews #firstrepublic #siliconvalleybank #firstrepublicbank #jpmorgan
With JP Morgan's latest takeover, they now have nearly $3 trillion in US bank deposits under their control.
The consolidation of the banking industry has led to a drastic decline in the number of community banks, leaving us with a handful of national giants (like JP Morgan) in America.
But what does this mean for Americans?
Well, I'm concerned that if our money becomes concentrated in just a few banks, the US government can exert control over the banking system and even introduce a central bank digital currency.
---
REVENTURE APP: https://www.beta.reventure.app/dashboard
#reventureconsulting #digitalcurrency #financialnews #businessnews #firstrepublic #siliconvalleybank #firstrepublicbank #jpmorgan
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- Finance and Crypto
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