Lyn Alden: Top Four US Banks engage in Massive Asset Sell-Off to Boost New Currency, Urgency Imminent.

by | May 2, 2023 | Rollover IRA

Lyn Alden: Top Four US Banks engage in Massive Asset Sell-Off to Boost New Currency, Urgency Imminent.




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In a recent report, financial expert Lyn Alden has revealed that the top four banks in the United States have just undergone a mass sell-off of a particular asset. According to Alden, this move was made in an attempt to push forward a new currency.

The asset in question is the U.S. dollar. Alden states that the four banks – JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo – sold a significant amount of their U.S. dollar holdings in late 2020 and early 2021. This move was unusual, as these banks are among the largest holders of U.S. dollars in the world.

Alden suggests that the reason behind this sell-off was to push forward the development of a new digital currency. This could be a currency created by the banks themselves or one that is backed by a combination of the banks and the U.S. government.

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The move towards digital currency is not a new one. Many countries are exploring the possibility of digital currencies, and the COVID-19 pandemic has accelerated this trend. Digital currencies have the potential to make transactions faster, more secure, and cheaper. They also allow for greater financial inclusion in underbanked communities.

However, the move towards a digital currency is not without its risks. If a new currency is not adopted widely, it could have limited value. Additionally, the development of a new currency could hurt the value of existing currencies, including the U.S. dollar.

Alden’s report is a wake-up call for those who may not have been paying attention to the possibility of a new digital currency. While a new currency could have benefits, it’s important to consider the potential risks and implications. This move by the top four banks in the United States is a clear indication that change is coming, and it’s important to be prepared.

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