An Info that most may have overlooked is that there are 4,500 banks in the US, which constitutes a third of the number of banks in the world, which means that America is not just a rogue superpower, but rather the dreamland project in Washington has turned into a general culture
Since the collapse of the failed Soviet Union, the US has dominated the international map, to the extent that the United States can be described as an octopus
The bankruptcy of several Western banks is not surprising at all, as the capitalist system is basically based on the principle of changing the skin with each era of time, and it did not start as it has reached today, and its control may be well studied, so that this system does not need wars in order to convince investors that any other system is a failure
Financial capitalism in its current form appeared after the development of the function of banks, where the function of banks moved from the role of depositing and preserving funds to contributing effectively to the economy, if not the main backbone of the entire global economy
After the global economic crisis in 2008, which is expected at least in the American institutional mind, the solid institutions in Washington were preoccupied with transforming America's economy -which means the world's economy- from the industrial scale to the digital technological scale, and then electronic commerce was allowed to emerge more and more. Data and artificial intelligence have become present, not in the scope of industry and commerce, but even in social and cultural aspects. What came before 2011 is different from what comes after it
China & Russia specifically imagined that the industrial scale that the US left for them as a weakness, they did not know that what has been left for them is a system that missed the train of modernity
A couple of years ago, I appeared in an interview with my Iraqi friend Souad shammari on (Behind the Doors) and expected that the US would issue the digital dollar and that digital currencies would be a reality if the conditions for establishing laws and infrastructure for this technology-dependent system were available
What made me write this post today is two pieces of news:
1️⃣ The Japanese government allowed the creation of its official digital currency
2️⃣ Apple officially launches a service (buy now and pay later), and the start will be in its home country, the US, which it announced last year
It is worth noting that the process of borrowing from Apple will be without interest or fees, and the financing may reach $50,000
#Apple's step will change the rules of the financial game globally
Apple has net cash of $64 billion plus free cash flow of $100 billion annually and 85% of retailers in America have accepted the service
Whoever had the illusion that the bankruptcy of banks in America means their collapse does not know that the most important skill that capitalism possesses is to recreate itself.
