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421

Interesting to see the last two big Ohio banks on that list.

Interesting to see the last two big Ohio banks on that list.

(post is archived)

[–] 4 pts 2y

People need wealth storage like precious metals, guns, ammo, tools & related equipment, hell, even muscle cars. (I've seen crypto being named as a safe haven, but idk anything about crypto.) Anything but a pile of cash, these days. Sure, have a couple grand- 25,000 on hand, but not in a bank account. (Safety deposit box is risky, cuz when a bank goes tits up, the doors are locked.) The days of having 100,000+ in a savings account are gone. Just having the cash sitting in a banking institution is risky now. There is a commodities market, investing in physical communities is an alternative. But physically take delivery of said commodities (like precious metals.) Safe and insured storage can be had. Property is another alternative. Prices nearly always go up, so definitely can go down, but property itself never goes away. People living paycheck to paycheck are in more danger now, then ever before. A market crash is one thing, but hyperinflation is a whole nother monster. (A crash/bubble popping is always possible, idk anything more than you guys do.)

[–] 1 pt 2y (edited 2y)

You are wise. Everything you said is true.

A crash/bubble popping is always possible

It's here now. It's just that the crash is slow enough few people recognize it for what it is. We're being distracted by wars, train derailments, LGBT, gender dysphoria and other jew tricks.

One last thought: many people don't understand that (((bank))) deposits do not belong to the depositors: they belong to the (((banks))). When the (((bank))) fails, your deposits magically transform into (((bank))) shares. Sure, the FDIC will cover $250K until the cascading failures of banks wipe out that fund.

[–] 2 pts 2y

Bail-in.

[–] 1 pt 2y

Ha! Pretty much, tho. Someone will be holding the bag at the end of this. The rest of them are just going to get fucked

[–] 1 pt 2y

See my comment here (if you wish).

Thanks, good info.

[–] 3 pts 2y (edited 2y)

Pfft! That list is missing two of the world's largest banks with derivative exposure well over $55 billion dollars(tippingpointnorthsouth.org).

Forget the banks, every single person holding fiat currency has dangerous levels of derivative exposure and most people are completely unaware (by design). The problem is our derivative exposure has no actual assets. Think back to 2008 with the MBS collapse, only this is magnitudes worse. Derivative exposure is unwinding fast. As it unwinds, people holding derivatives are going to lose it all.

[–] 1 pt 2y

See my comment (if you want).

[–] [deleted] 3 pts 2y

That's a lot of big names.

That's a lot of good people being hurt.

[–] 2 pts 2y

(((They're))) all in it together.

[–] [deleted] 3 pts 2y

(((Their))) customers are a mix of small and medium businesses, normal folk with paychecks, etc. A LOT of innocent people get hurt when banks go tits up.

[–] 2 pts 2y

Let 'em fail. Anyone who didnt see rate hikes gutting the value of low interest t-bills a mile off is rerarded.

[–] 2 pts 2y

I'm thinking about buying several thousands of dollars in gold tomorrow with my credit card cause that would be easier than getting the cash.

That would look like I'm a drug dealer.

Anybody else gonna do anything about their savings and cash?

[–] 1 pt 2y

You're not big enough to get those debts forgiven, so you'd be expected to pay them back even if the lending institution fails.

[–] 1 pt 2y

Right.

[–] 1 pt 2y

Now taking them out in someone else's name...that's technically fraud but then again...

[–] 2 pts 2y

This is why I don't do business with (((banks))).

[–] 1 pt 2y

When you own and run a business that's impossible.

[–] 2 pts 2y

credit unions

[–] 1 pt 2y

People used to laugh when I said my mattress was safer than a (((bank))). They don't laugh anymore.

[–] 2 pts 2y

I don't participate. I do work, I get cash or meat. I trade cash for things I need.