Ok ok, had to stop while watching as too many thoughts were popping up in my head..
So, let's imagine for absurd that Credit Card Companies start to crumble as debt owners default on their debt.. long story short in max pain scenario Visa and MasterCard end up like Lehmann Brother and they get bought by some Stable Coin company (imagine Tether) for cents on a dollar.
Five to ten years later you have a completly new economic system, even more centralised and with it's money flow even more connected to US treasuries Government and Central authorities. In place like Europe if Private (lol) companies can't succeed on establishing a similar solution then I see the € CBDC as the more socialist and dystopian alternative..
.. it won't happen, they are "Too big to Fail".. 👀
