take a remote job with one and do nothing. itll take months for them to notice, and theyll send you money
take a remote job with one and do nothing. itll take months for them to notice, and theyll send you money
I've already done these things:
- Emptied my bank account out, leaving only a modest amount to pay normal bills.
- Use cash most of the time when I pay for things.
- I've managed to get rid of my debt, although I recognize this will be very difficult for most people.
- Sold all my "investments"
Banks are all insolvent at this point. All it will take is a bank run for them all to collapse. Banks are highly leveraged due to fractional banking. It's baked in. The collapse will happen. It's all a matter of time.
I've already done these things:
1. Emptied my bank account out, leaving only a modest amount to pay normal bills.
2. Use cash most of the time when I pay for things.
3. I've managed to get rid of my debt, although I recognize this will be very difficult for most people.
4. Sold all my "investments"
[I talk about money, currency, fiat, Gold, crypto, derivatives, inflation, collapse.](https://poal.co/s/Finance/486736)
Banks are all insolvent at this point. All it will take is a bank run for them all to collapse. Banks are highly leveraged due to fractional banking. It's baked in. The collapse will happen. It's all a matter of time.
how can a bank run collapse digital money printing? they have unlimited capital
they're more likely to go down to a power outage or knowledge gap
how can a bank run collapse digital money printing? they have unlimited capital
they're more likely to go down to a power outage or knowledge gap
Imagine you go to the casino and you have a token and you gamble. You gamble the token, if you lose, the token is gone, and if you win you gain another token. Simple right? Now imagine you go to that casino with the same token and your friend says he needs a token. You have only the one token, and he has no token, a problem arises.
Through some jewish magic you create two tokens, BUT there's one small issue, there must always be one "real" token for the fake one. And through more jewish magic the number of tokens created can be a binary multiplication of the original (1 goes to 2, 2 creates 4, 4 creates 8). No one knows where the real token is, simply that such a token exists, and there is only one way to check this token, and that is to take the token and verify it is real.
After some time, a player says he's had enough and cashes out his tokens, however the cashier only takes "real" tokens and invalidates the fake ones. Well, let's do the math here. One real token netted 1 fake token, and that one fake token netted 2 tokens, and those 2 tokens 4. This was done until a thousand tokens were created. But in the process you now need 10 "real" tokens because you made some gains at the blackjack table. So 9 new "real" tokens need to be created to replace the 9 fake tokens, which were created out of thin air.
This is in summary what fractional reserve banking is and does, and why a digital bank run is such a disaster even if no hard cash is ultimately required. Those tokens have to be RELEASED from their underlying assets to make it back to the customer, but no one has a clue what those assets are, where they are, or what they do
edit: you may be wondering how all of this was possible if one real token needed to be given for the fake tokens, and that's because the origin source of the base token was "real", hence all the next generations still satisfy the even through inheritance of the base properties
Imagine you go to the casino and you have a token and you gamble. You gamble the token, if you lose, the token is gone, and if you win you gain another token. Simple right? Now imagine you go to that casino with the same token and your friend says he needs a token. You have only the one token, and he has no token, a problem arises.
Through some jewish magic you create two tokens, BUT there's one small issue, there must always be one "real" token for the fake one. And through more jewish magic the number of tokens created can be a binary multiplication of the original (1 goes to 2, 2 creates 4, 4 creates 8). No one knows where the real token is, simply that such a token exists, and there is only one way to check this token, and that is to take the token and verify it is real.
After some time, a player says he's had enough and cashes out his tokens, however the cashier only takes "real" tokens and invalidates the fake ones. Well, let's do the math here. One real token netted 1 fake token, and that one fake token netted 2 tokens, and those 2 tokens 4. This was done until a thousand tokens were created. But in the process you now need 10 "real" tokens because you made some gains at the blackjack table. So 9 new "real" tokens need to be created to replace the 9 fake tokens, which were created out of thin air.
This is in summary what fractional reserve banking is and does, and why a digital bank run is such a disaster even if no hard cash is ultimately required. Those tokens have to be RELEASED from their underlying assets to make it back to the customer, but no one has a clue what those assets are, where they are, or what they do
edit: you may be wondering how all of this was possible if one real token needed to be given for the fake tokens, and that's because the origin source of the base token was "real", hence all the next generations still satisfy the even through inheritance of the base properties
thats not how the dollar-banking system works.
Every dollar the bank lends is real/valid. They dont have to have any deposits or anything to create more dollars to lend. Its not jewish magic. Its a shitty monetary policy created by men. The reserve ratio used to be positive, and a bank would have to take on loans at some point to loan more money (which they did all the time, unlimited loans, and theyd just buy some appreciating asset like realestate to cover the loan, so they still had access to unlimited capital), but since covid (and its not the first time) the reserve ratio has been set to 0, and banks can lend unlimited money regardless of whats on their balance sheets.
thats not how the dollar-banking system works.
Every dollar the bank lends is real/valid. They dont have to have any deposits or anything to create more dollars to lend. Its not jewish magic. Its a shitty monetary policy created by men. The reserve ratio used to be positive, and a bank would have to take on loans at some point to loan more money (which they did all the time, unlimited loans, and theyd just buy some appreciating asset like realestate to cover the loan, so they still had access to unlimited capital), but since covid (and its not the first time) the reserve ratio has been set to 0, and banks can lend unlimited money regardless of whats on their balance sheets.
I realized this ears ago when I went to the bank and withdrew money out of a savings account. I got 7k cash, and a lot of it was $10 and $20 bills. If they dont have enough money to pay JUST MY account, a bank run would wipe them out in 5 minutes. Needless to say, I no longer have a savings account with a bank.
I realized this ears ago when I went to the bank and withdrew money out of a savings account. I got 7k cash, and a lot of it was $10 and $20 bills. If they dont have enough money to pay JUST MY account, a bank run would wipe them out in 5 minutes. Needless to say, I no longer have a savings account with a bank.
The current reserve requirement is 0%.
The current reserve requirement is 0%.
*"Seek ways to devalue banks who profit from your misery.
Lobby your politicians to keep banks out of politics.
Are 'Anti-bank robberies' possible? (go into a bank, destroy it, and destroy all the money inside the vault?) By doing so they lose that money & the insurance pay out on it."*
You really have no idea whatsoever what you are talking about here huh?
*"Seek ways to devalue banks who profit from your misery.
Lobby your politicians to keep banks out of politics.
Are 'Anti-bank robberies' possible? (go into a bank, destroy it, and destroy all the money inside the vault?) By doing so they lose that money & the insurance pay out on it."*
You really have no idea whatsoever what you are talking about here huh?
Support business that accepts cash-in-hand, (and takes Bitcoin too)
What would be the safest way for a business to take payments in Bitcoin?
>Support business that accepts cash-in-hand, (and takes Bitcoin too)
What would be the safest way for a business to take payments in Bitcoin?
If you want to start doing it casually, just get Cash App on your phone to start taking Bitcoin payments over the Lightning Network.
To request bitcoin in-person with a QR code:
Tap the Money Tab
Tap the Bitcoin tile
Tap share QR code or link (Under Receive Bitcoin)
Add an amount (optional)
Show QR code to sender and scan
Confirm payment and tap done
You just pull out your phone, put in the amount due, show them the QR code, and they scan it with any Lighting wallet app on their phone, and they send payment instantly. It's fast enough to order a round of drinks this way.
If you want to start doing it casually, just get Cash App on your phone to start taking Bitcoin payments over the Lightning Network.
> To request bitcoin in-person with a QR code:
>
> 1. Tap the Money Tab
>
> 2. Tap the Bitcoin tile
>
> 3. Tap share QR code or link (Under Receive Bitcoin)
>
> 4. Add an amount (optional)
>
> 5. Show QR code to sender and scan
>
> 6. Confirm payment and tap done
You just pull out your phone, put in the amount due, show them the QR code, and they scan it with any Lighting wallet app on their phone, and they send payment instantly. It's fast enough to order a round of drinks this way.
Issue your own community currency backed by silver since you can actually afford to have a decent amount. Then the feds will come in and kill everyone
Issue your own community currency backed by silver since you can actually afford to have a decent amount. Then the feds will come in and kill everyone
>Issue your own community currency backed by silver since you can actually afford to have a decent amount.
Better still, reintroduce the concept of bartering; Offer services in-kind for other services or product. Cut out money altogether.
>>Issue your own community currency backed by silver since you can actually afford to have a decent amount.
Better still, reintroduce the concept of bartering; Offer services in-kind for other services or product. Cut out money altogether.
Banks have unlimited money. If they run out or it's burned they simply print more.
Banks and the government can force you to pay in blow jobs if they want. They convinced "officers of the law" to body slam old folks for sitting home alone without a mask. If they can do that they can enforce blowjob payments for you.
COVID has shown exactly how capable most people are. Do not ignore the lessons of the last two years. Most people are probably literally dumber than actual sheep. Gov gives them a gun and impunity as long as they "enforce the law" and they'll happily support tyranny as long as they get to do the hanging.
If you're in a room with your sworn enemy and a traitor. If I gave you a loaded gun with two bullets the most rational thing for you to do with it is to shoot the traitor twice. Satan is your enemy but the NPCs are all traitors and even more dangerous because they're too stupid and ignorant to realize they're traitors.
1. Banks have unlimited money. If they run out or it's burned they simply print more.
2. Banks and the government can force you to pay in blow jobs if they want. They convinced "officers of the law" to body slam old folks for sitting home alone without a mask. If they can do that they can enforce blowjob payments for you.
3. COVID has shown exactly how capable most people are. Do not ignore the lessons of the last two years. Most people are probably literally dumber than actual sheep. Gov gives them a gun and impunity as long as they "enforce the law" and they'll happily support tyranny as long as they get to do the hanging.
4. If you're in a room with your sworn enemy and a traitor. If I gave you a loaded gun with two bullets the most rational thing for you to do with it is to shoot the traitor twice. Satan is your enemy but the NPCs are all traitors and even more dangerous because they're too stupid and ignorant to realize they're traitors.
(post is archived)