Friendly reminder that decentralized banking and productive loan allocation promotes massive growth and innovation and is how East Asia and Nazi Germany industrialised so rapidly.
>The City of London, Federal Reserve, European Central Bank and BIS are all pushing for bank centralisation, the erasure of small banks in nations that have them like Germany (already nonexistent in the UK) and pushing Central Bank digital currency (CBDCs) which is essentially the itch.io visa scandal where they can control what people use money on but for literally everything you buy
>Statistical analysis shows larger banks tend to only lend to established megacorporations, cutting off access to money for small and medium enterprises and stifling their growth. Small banks have smaller reserves and lend to smaller people
>Larger banks also have less connection to the local communities unlike smaller banks and are more likely to be predatory towards them (e.g. one of England's large banks had a whole department dedicated to stripping the assets of small businesses who took out loans with them)
>Larger banks are more likely to be ran by members of corrupt evil cultures who view everyone else as cattle and are extremely untrustworthy (those who know, know)
Bank decentralisation is key to the growth of small and medium enterprises and everyone on /pol/ should support it. It's no coincidence everything got worse after the 2008 financial crisis (where 1000s of small banks died and Blackrock became the top investor in every company)
Example what happens when predatory people are the source of your loans v
https://files.catbox.moe/c12r41.mp4
Also read "Princes of the Yen" by Richard Werner
"The creature from Jekyll Island" by G. Edward Griffin
And "Den of Thieves" by James B. Stewart