How the Banksters Die
I would like to say i am being hyperbolic, but, this actually does end with many banksters jumping out of windows, just like they did back 1929 when Wall Street CRASHED.
And can you blame them? Not only will they lose all their money (and power) they will have lost the ability to make money (literally and figuratively). They will become unemployable, as if AI came for their jobs, specifically. And they may become public enemy #1. And, i don't mean on the FBI most wanted list, i mean, the public, of the world, hates them, and are all actively looking for them to punish them for the evil that they did. And everyone knows the evil that they did.
The financial world is not going to change a little bit, it is going to be, the whole thing, block-chained. Most of the middle-men, the brokers, the financiers, the retirement advisors will all be gotten rid of because you will just interact directly with smart contracts on the block-chain.
And lastly, all the "assets" that banksters hold onto so fiercely, like their lives depended on it, will just become not important. Like buggy-whips after the production line started making Model-Ts.
Imagine that the banksters think that they are holding onto the life-raft. But, instead are holding onto the anchor, in a stormy sea, on a sinking ship. You might wonder, looking back, how they mistook an anchor for a life-raft.
What does an anchor look like?
Assets of right now, will not be assets for much longer.
It is like owning the most expensive home, in a soon to be ghost town. What was very prized, and worth a lot of money, is now unsellable. And that is what suburban real estate is going to look like. Already those very expensive commercial buildings are going vacant. Selling for 10¢ on the dollar. (and in the near future, that will look like the sellers made out like bandits.)
It is like bitcoin vs stocks and bonds. Bitcoin is going up, and stocks and bonds aren't even keeping up with inflation. And that is before they release the information that the stock exchanges do not have the stocks that they have been selling. Can you imagine the stock trader's fright when they find out they do not own anything, and it may be a decade before they are told what percentage of what they had, is actually theirs. Everyone will wish they had dumped stocks and put it all into bitcoin. This won't be a 1929 crash, this will be a destruction of the stock markets. Not like 1929 when all the stock prices dropped, but a chaining shut of the doors of the NYSE, while a forensics team figures out what was real, and who owned it.
It will be like owning Dixies when it is declared the North has won. Suddenly your money in the bank, is no longer there, and the cash you have will be king for a bit, but soon will no longer be money.
AI + Smart Contracts
Imagine if you will, the insurance broker. When his job is replaced by AI + Smart Contract. The entire insurance industry, just gone. No longer needed. You just need a pool of money that pays out on claims. That is a smart contract. And to verify claims, we will find that AI is much better at it. Better at calculating risk, and better at figuring out the cost of repairs. Everyone's insurance rates go down by 50%, minimum, just because of getting rid of the insurance broker.
SWIFT will soon be gone. It looks like it will be replaced by Ripple/XRP. But, that is only a precursor to that service not being needed at all. If people adopt bitcoin (or any decentralized crypto) then sending "money" internationally, just becomes… like a complete non-issue. The banksters sitting in the middle become superfluous.
And then banks are no longer needed. The tellers, the ATMs, the CCs, all gone.
Now consider what most of the money in Wall Street is in, retirement accounts. Why would you invest in anything besides bitcoin? Bitcoin requires no fees for holding your money. It is completely liquid (or will be). There is nothing safer. And the only thing that might make more money is investing in startups. And you aren't doing that in a retirement account. Sorry brokers and financial advisors, you are no longer needed.
Basically everything that Wall Street is known for doing will be done better by AI and smart contracts. Good bye Wall Street.
People finally work out how evil banksters are
Most of us here know that the Fed is the source of so much of our suffering. But, what if you add on top of this all of the retirement accounts have been cleaned out. Then we will really see some anger. Especially when they find out it was planned, baked into the cake, always going to be the end result.
People outside of banks with closed doors are going to rethink everything. The banks will be known for stealing everything. Including the safe-deposit boxes. It will be bad.
This might be ameliorated by the introduction of the new dollar, but if that is block-chain based, then there will be nothing to quell the anger of the people at the banksters.
Everything is coming out. Including the list of owners of the Fed. And that will tie into so many other evil things, and people will start putting it all together. The people will know who the evil banksters are, and will chase them to their bunkers and then dig them out.
Wall Street will no longer be needed, and banksters will be persona non grata.
So, you can see how many banksters will delete themselves after being smacked in the face with this information. Their money is gone, there assets are meaningless, their skills are not needed and the people of Earth want them to face justice. (and people will not believe in the court systems at this time, or the courts will be closed) So, look forward to mob justice.
Of course the top banksters believe that they will win the game of Monopoly and that people will continue playing after they have won. Or that they can take their winnings from the game of Monopoly into the next game (The Game of Life, for example) but they will find the next game makes everything they thought was valuable, into useless trinkets. (The game of Monopoly has $1000 bills, the Game of Life has $1,000,000 bills, and the deeds, what are they good for?)
Everything is going to change.