2025-12-29 10:22:56

The trajectory looks concerning. Once a central bank starts accepting direct deposits and expanding its balance sheet, the next logical step is direct lending decisions. That's how you gradually shift toward a planned economy model—think Soviet Gosbank all over again. The structural risk here isn't just policy; it's the erosion of market-driven capital allocation. When monetary authority becomes both banker and allocator, efficiency typically suffers.

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ForkMaster

· 38m ago

Bro, I've seen this trick before. Once the central bank's hand reaches too far, it's never-ending. If the power to allocate capital is monopolized, how can retail investors survive? I have to dig loopholes myself to pay for my three kids' milk powder.

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LostBetweenChains

· 10h ago

Is this the same routine again? As soon as the central bank takes action, the market has to kneel. Isn't this just boiling a frog in warm water... The day they start direct lending, retail investors' stories should come to an end. The joke about planned economy is old, but what you said about structural risks really hits the point... Who will take the blame when efficiency collapses? The central bank acting both as referee and player? I've never seen such a move... It's ironic. We thought we escaped one system, but it turns out we're back again.

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down_only_larry

· 10h ago

Hmm... Isn't this gradually evolving into a scenario where the central bank directly controls the market? What would be the point of discussing market allocation then? Seriously, will it really come to the point where the Soviet Union did? It feels like central banks around the world are already playing with fire. Wait a minute, if this continues, crypto might actually be the real escape route, haha.

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Degen4Breakfast

· 10h ago

Basically, the central bank's trick is like boiling a frog in warm water; in the end, we all become the chives in a planned economy.

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DataChief

· 10h ago

Is this the same old trick again? When the central bank starts direct financing, the market mechanism is doomed. The lessons from the Soviet Union are not learned enough; efficiency is really being strangled to death. --- That planned economy approach is fundamentally about concentrated power to the death. Efficiency? Don't even bother. --- This move is indeed dangerous. When the monetary authorities act as both referee and player, a crash is inevitable. --- So, the more the central bank oversteps by managing allocations, the more the market participants will suffer. The ghost of the Soviet Union is back again. --- It's the old routine. As soon as the central bank begins "optimizing resource allocation," collapse is not far off.

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ProbablyNothing

· 10h ago

Here we go again... CBDCs are laid out, and the next step is full takeover. It sounds really scary. If the central bank keeps playing like this, is there still a way out for the market? Efficiency should have gone bankrupt long ago. The outdated planned economy approach, do we really need to go through it again? I'm speechless. This logical chain actually makes sense... Direct deposits → balance sheet expansion → direct lending, step by step eroding free markets. The ghost of the Soviet Union is knocking again. Can anyone save our BTC? The power of capital allocation has been sidelined, and the financial market is about to become a puppet controlled by policy. In simple terms, power is concentrated in the central bank alone, and the days of middlemen earning the difference are truly over. It's the old familiar trap of centralization... but this time, it really feels different. Market failure? No, it's been forcibly locked down...

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Deconstructionist

· 11h ago

Here we go again, once the central bank starts easing, it can't stop. Haven't you learned enough from the Soviet Union's story? From the day they started direct lending, market allocation was dead, and everything had to follow the leadership's directives. The path is getting narrower and narrower, feeling like we're returning to a planned economy. Efficiency? Ha, by then, that thing will be gone long ago. It's the same old trick, with the central bank acting both as referee and player, guaranteed to win.

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