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825

(post is archived)

[–] 2 pts

The filth that passes for the news wants a bank run. The adhere vociferously to the motto, 'If it bleeds it leads.' Now they are adding, 'If there is no bloodshed it is a gossip rag's job to cause it.'

[–] 1 pt

There can't be a run on the banks. They've changed the total daily withdrawal amounts to just a few thousand dollars - five thousand, across the board. Idk of any bank that would close an account of several tens of thousands in cash from you walking in the door. They've made it so you'd have to call, talk and explain yourself and possibly be told no by the powers that be (jews.)

[–] 2 pts

I forget, how much can you withdraw nowadays at one time?

[–] 2 pts

They knew early on it would go this way, maybe that's the plan, if fractional reserves get wiped out in bank closures and billions in total monetary supply evaporates from exceeding FDIC insurance this should constrict monetary supply and cause deflation.

The goal might be to transfer title and authority of global hegemon to the highest bidder and retire the US into a 2nd world production economy like Mexico's.

Gee, I wonder if people in on the plan have been buying up real assets, like real estate so when the economy collapses and nobody has more than a few million american dollars, their stocks are fucked and home equity corrects for the crash they can bounce back and stay on top by selling land and housing, wouldn't it suck for them if tenants and leaseholders refused to vacate amidst the intended sell off time, if they were particularly cynical and ruthlessly practical they would stop selling and renting a sizeable portion of the properties they buy up, and sit on them, so as to make sure they have quick operating capital post collapse.

[–] 3 pts

Good grief, head is spinning.

I've got a substantial amount of money in the bank and definitely worried.

[–] 1 pt

There's other assets besides a stack of cash tucked out of your reach in a bank.

Property, psychical gold/silver/platinum/palladium, collectable cars, etc. If you do something like this, insurance is the way to go.

Property can be rented out, btw.

[–] 2 pts

Someone should look at their positions and see if they're shorting Bank of America, pulling a fucking Cramer

[–] 1 pt

"pulling a fucking Cramer", lol I'm glad I stopped watching that tool after a few times many years ago. Didn't trust what he was selling.

[–] 1 pt

The shit that guy pulled, he must have pictures of somebody in order not to be in jail. Although they all do it. They're all a bunch of dishonest greedy unethical joos.

[–] 1 pt

So your telling me the DOJ is biased? No way. /s

[–] 2 pts

They didn't even say shit when citizens bank went under. And then oddly ach broke.

[–] 2 pts

How much of that is them telegraphing to the Fed that the interest rates cannot go higher without bailouts?

[–] 1 pt

That is hard to know, but you can't deny that all banks are essentially insolvent just based on fractional reserves. If depositors decide to start withdrawing their money in mass, the banks don't have enough liquid assets to cover that.

[–] 2 pts

The Simpsons episode on boa made me heartily laugh in the comments of that article.

[–] 1 pt

The fun part is, this means the writer of this article is Bart.

[–] 1 pt

Y'all need to look up the YouTube channel Eurodollar University, ALL banks are insolvent right now. That dude has been giving a weekly update on the banking industry and his prospective on the economy, and he seems to be more knowledgeable than any economics professor I've ever heard talk.

[–] 1 pt

Bank of America is insolvent with a 6% Fed funds rate, leverage explodes. If your core capital is impaired, any losses on tertiary assets (credit cards, commercial real estate, asset backed securities) are exponential painful.

I'm sure this is just fake news. Go back to liking on FakeBook.

All banks are insolvent, which is why you are unable to withdraw all of your money in one day.

[–] 1 pt (edited )

What the ever loving fuck.

https://100percentfedup.com/bank-of-america-near-insolvent-bank-run-possible <- visits link, 404. Nothing in archives.

https://www.100percentfedup.com/bank-of-america-near-insolvent-bank-run-possible <- visits link, forwards me to above link, which now shows the site.

Fix your damn server config.

https://archive.fo/dgpw9