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Banks told to prepare for negative rates

Bank of England leaves "door ajar" for a sub-zero move and gives lenders six months to prepare their IT systems

You have been bent over, now spread them.

Banks told to prepare for negative rates Bank of England leaves "door ajar" for a sub-zero move and gives lenders six months to prepare their IT systems You have been bent over, now spread them.

(post is archived)

[–] • 3 pts

In Canada the 1st thing Fidel Castro’s son did when elected was pass the banker bail in program that gave the banks the power to just empty accounts any time they want to bail themselves out. As a trade for not being allowed to get bailed out by the government.

[–] • 2 pts

I wonder if this will have any impact on precious metals.

[–] • 2 pts (edited )

Once again, cryptocurrencies. Everyone here that doesn't have at least some bitcoin is a kike faggot. You can't win if your enemy creates your money. 95% here probably don't even know banks create money out of thin air.

[–] • 2 pts

Link is paywalled

[–] • 2 pts

Doesn't appear to be, here's an archive anyway.

https://archive.is/AU8En

What country are you in?

[–] • 2 pts

What they will do is limit your ability to take cash out. You already have certain limits to what you can get out of a bank machine but they may start to lower that per day limit from $1,000 to then $500 and then $100 as the 'crisis' gets worst by the week. So you either spend that stuff or lose it. Hard for companies who may keep a good amount in a bank account at one time. Maybe not so hard for the public who will end up only using banks to cash the pay check and then spend the next 5 days in line at the bank machine trying to get it out. Then watch the machine run out of money.

[–] • 0 pt

That is why I invest in the stonks of the week.

[–] • 1 pt

Anyone saving in fiat currency has already been robbed due to inflation. Money printing is equivalent to taking money from you.

[–] • 1 pt

Can't you just take your money out? What is WITH this? They gonna tell you, you can't have your OWN money (leave in bank)? Except, perhaps a per month deposit for expenses?

[–] • 4 pts (edited )

"your money"?

YOUR?

Socialists claim you have no right to private property.

In USA its hard to get over 5,000 dollars cash out of a bank from a private account per day, but you can stack and layer over time unless a bank panic is announced.

YOu can get it all out if you close your account in a rage, but they will use a cashiers check.

But law allows you to present a cashiers bank for cash at the bank of origin, but the bank printed on the check will be in Delaware and you would have to drive to delaware... because you cant fly in USA with more than 5,000 cach or the airline detects it using RF pulse and siezes it using feds.

[–] • 1 pt

THAT would be the IMPLICATION (you cannot HAVE YOUR cash on DEMAND)....Wouldn't BANK RUNS (depositors taking their money out) destroy banks (great depression)?

[–] • 2 pts (edited )

in 2008 laws were made to allow banks to take your assumed cash and issue you shares in the failing bank. That trick was done to billionaires in Cyprus before 2008 to steal money.

Also banks can always stop your account for three business days FOR ANY REASON AT ALL, and that happened to me a couple times when i threatened to close my account (the normal way to win a fight and get your cash).

A normal bank has no limit on single day cash withdrawels but many fuck with you. I tried to get over 10,000 by driving to three banks but the 3rd bank denied me and knew about the other two banks (wells fargo)

worse are "brokerage checks", which cannot be cashed for cash EVEN IN DELAWARE bank of origin without 3 business day wait.

fucking jew bankers

2019: How Dodd-Frank Made It Legal for Banks to Confiscate Funds During a Banking Crisis

https://www.theepochtimes.com/how-dodd-frank-made-it-legal-for-banks-to-confiscate-funds-during-a-banking-crisis_3097779.html

[–] • 2 pts

They are going to start forcefully taking money from people's bank accounts to pay for government funding.

[–] • 0 pt

Because "we're all in this together" right?

[–] • 0 pt

Yes some are more in it than others.

[–] • 1 pt

The second they do that my money is being withdrawn. Or spent on useful boating-accident related gear.

[–] • 0 pt

Buy now because they won't let you withdraw much at a time when this happens.