Psychedelicizationism

BREAKING: 🇵🇾 What just happened in PARAGUAY is a WARNING for everyone on earth. More than 3 million people (60% of Paraguay's adult population) have lost access to EVERYTHING. Their bank accounts. Their pensions. Frozen. Inaccessible. Paraguay’s largest digital bank, Ueno Bank, has collapsed. The president of the Central Bank (who is deeply connected to Ueno) has just RESIGNED. Eight high-level executives including the founder and the Bank President are being detained. The people have taken to the streets to demand their money back. And rightly so. This is the model Milei and the rest of the Epstein class are pushing. This could happen ANYWHERE. Best to save in physical gold and physical silver, imo.

JUST IN: 🇵🇾 This is why millions of people just saw their life savings and pensions “frozen.” Paraguayan lawmakers are calling it the "biggest fraud of the century” but it’s actually just business as normal for our corrupt banking systems. — The bank’s former chief executive was overseeing the entire banking system… — Paraguay’s president worked for the bank, took multiple “highly irregular private loans” from the bank and used his presidential platform to defend the bank from inspectors and to funnel massive PUBLIC wealth into the bank. — Ueno went from a niche digital app to the government's preferred bank. ~$380M of pension funds were funnelled into Ueno. 25% of the bank's deposits consisted of public funds. — Executives paid themselves massive fortunes in uncollateralised insider loans. This was a deeply entangled web of nepotism, insider self-dealing, and the systemic looting of public funds. And guess who is going to pay for it all? The taxpayer, after seized assets are sold. Just like 2008. Nothing has changed. This is the system working as intended, just a tiny touch less sophisticated.