‘The Federal Reserve’s CBDC officially launches in July. All that’s missing is the crisis.’

They require CBDC for SOFR interest rates replacing LIBOR. They're replacing the system right before our eyes. We must reject it.

— Christina (@BionicGirlChris) May 15, 2023

Investors yanked $2.1 billion out of financial stocks in the week through May 10, the most since May 2022 pic.twitter.com/6K7QXoX3kM

— Cheddar Flow (@CheddarFlow) May 14, 2023

A dysfunctional regional banking sector is deeply problematic. These banks provide credit to vast sections of the U.S. economy, and deposit flight has forced them to pull back on lending.

The Meltdown in Regional Banks Is Systemic