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>  > > Bank run on every crypto bank then bank run on every "real" bank. > > — ODELL (@ODELL) [December 14, 2022](https://twitter.com/ODELL/status/1602838429447999491?ref_src=twsrc%5Etfw&ref=discreetlog.com) Good morning. It looks like PacWest will fail today. It will be both the fifth largest bank failure in US history and the sixth major bank to fail this year. It will likely get purchased by one of the big four banks in a government orchestrated sale.   **March 8th - Silvergate Bank March 10th - Silicon Valley Bank March 12th - Signature Bank March 19th - Credit Suisse May 1st - First Republic Bank May 4th - PacWest Bank?** PacWest is the first of many small regional banks that [will go under](https://www.discreetlog.com/banking-crisis/) this year. Most will get bought by the big four in gov orchestrated sales. This has been the playbook since 2008. Follow the incentives. Massive consolidation across the banking industry. PacWest gonna be a drop in the bucket compared to what comes next. First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency network. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. **The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.** * * * _**If you found this post helpful support my work with [bitcoin](https://geyser.fund/project/citadel?ref=discreetlog.com).**_ 

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