These bank failures point to two things. They’re both bad.

I’ve been warning for ages (see below) about the WEF-inspired Central Bank Digital Currency movement so beloved of the Chinese. Basically, the government wants to control every cent in an economy – and once they do that it’s a few steps from preventing your payment going through for gas because you’ve exceeded your monthly CO2 quota, or forbidding you to buy a plane ticket, or not allowing you to purchase unapproved food “for your health”. It’s called a social credit scheme and it’s alive and well in communist China.

But wait, there’s more

But there’s another issue. The fiat currency of the USA, backed by a printing press and not much more, is avoided by savvy financial people who use crypto currencies. The government hates them.