#比特币与黄金战争 $BTC $ETH $FIL

The Battle Between the Central Bank and Major Banks: The Truth About Financial Power

Have you ever wondered whether those central banks that seem to control the global financial system are actually engaged in a continuous "negotiation" with large financial institutions?

The story begins with reserves. JPMorgan Chase, this American financial giant, reduced its reserves from $409 billion to $63 billion in just two weeks — this is not a liquidation; it's a high-stakes gamble. They then bought high-yield U.S. bonds, causing liquidity in the entire market to tighten instantly. What does shrinking reserves mean? It indicates a decrease in available funds within the system and rising transaction costs. The last time this happened was in 2019, which triggered a market crisis.

The Federal Reserve has been cornered. Without intervention to stabilize the market, the clearing system risks paralysis; once they intervene, it’s equivalent to compromising with JPMorgan Chase. The final option is quite ironic — restarting the "repo QE" operations used during the last financial crisis. History is repeating itself, all because a single bank changed its asset allocation strategy.

What’s even more worth noting are the underlying interests. The Federal Reserve pays JPMorgan Chase up to $15 billion in interest annually, accounting for a quarter of the bank’s annual profit. When a commercial bank can indirectly influence central bank decisions through its own operations, who truly holds the financial power? This question deserves deep reflection from anyone paying attention to macroeconomics — especially for participants in the crypto market, as the operational logic of traditional finance directly impacts capital flows and market cycles.