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Conflict of interests. How long will it last?
Perhaps some of you who follow the market see what is happening now with the Clarity Act law and all its related data. So, this is a reshuffling of the pie, who and what piece will get in the future. Nothing more.
Now, more details. Previously, I wrote about the law promoting investments in the crypto market pushed by Republicans, for those who don’t remember, I’ll remind you it’s amendments for pension funds, the 401k bill. So, this bill is a loophole for using pension deposits and savings to finance investments in the crypto market. Of course, you might say that’s impossible, pension deposits are sacred and shouldn’t be touched in this stable, quiet harbor. But let’s be realistic, who cares about the money accumulated over decades by the population? There’s only a desire to seize it.
So, this “criticism” of the traditional financial system is that it’s an open confrontation, and a defense of their interests in the future. Banks don’t care about the capital of the population; they simply see potential in appropriating it for themselves. And they want to do this cleverly, supposedly under the guise of security protection. In reality, they are happy for the population to lose access to their money and become more defenseless. But they won’t say that.
Like the Clarity Act, all other bills are created with a single goal — to gain access to traditional finance and transfer it into their own pockets. Against the backdrop of all the events in the world, and also in the States, which have once again confirmed the chaos in financial markets with their actions, and which are no longer guarantors of safety. Everyone is trying to play in a way that saves themselves at someone else’s expense. China and other major holders no longer want to finance and support this model of relations.
What this will lead to, given the rhetoric, I think is already clear. As soon as they agree on a method and benefit for each side. Pass all the necessary laws, create all the needed tools. To implement their plan, a greedy capitalist for whom profit is above all. Our task, at least, is to hold on until that moment, if it comes.