Red Pill Or Blue Pill

🚨Turmoil erupts in Paraguay as one bank’s collapse spirals into a NATIONAL CRISIS. Ueno Bank, the country’s largest digital bank, has been seized by the Central bank after its solvency ratio plunged below half the legal minimum, leaving nearly 3 MILLION customers unable to access accounts, cards and transfers. That’s almost 60% of Paraguay’s adult population. Angry citizens have now taken to the streets demanding access to their money. The disruption has spread beyond the bank- 13 mutual funds have reportedly frozen withdrawals, and trading in Ueno’s bonds has been suspended. Nearly $380 MILLION belonging to the state pension fund is caught in the crisis. The problem is how deeply Ueno was embedded in everyday payments. It handled two-thirds of card payments at major stores. With those services frozen, Paraguay’s main importers’ association describes retail activity as “semi-paralyzed.” Customers have been told they can initially recover up to $1,700, with no payment date given. The political fallout is mounting with the Central Bank chief Carlos Carvallo resigning, and authorities having arrested 8 executives from the bank over suspected breach of trust.