When enough of these default, there will be a cascading, chilling effect on the psyche of institutional portfolio managers, who, when reassessing risk through different lenses, will eventually start to realize that most of the assets in their portfolio are going to require massive write-offs, especially with M2 money supply decreasing since April 2022! And in top of that, the Fed seems to be poised to continue raising rates until the system totally breaks, which I've been saying for over a year!
The train is going full throttle, and the tracks are about to end! If you see a CBDC, it will be Tea Time, as in throwing the CBDC tea out into Boston Harbor, because We The People don't want that garbage! Then and only then, that's when the modern day Revolution begins!