Is there going to be a "cascade" of smaller banks / credit unions defaulting in a giant collapse that will only leave the big 4 - JPMorgan Chase, Bank of America, Wells Fargo, and Citibank - left to institutie (((CBDC)))?

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This is how it feels and it looks like other people on various chans agree.

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[–] • 2 pts

The credit union I'm with also says that deposits are protected up to 500k. I'm not sure if they have supplemental deposit insurance or what, I need to dig into that a little more.

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