The "Bank Runs", run, run, run to the window and get your cash out, out, out of the Banking System
before the death toll rings! This reminds of the 1940-50's movie, It's a Wonderful Life. If you have
never seen it, I would suggest you do. It speaks about Jimmy Stewart and some other family members
getting together the funds for a thrift or savings & loan bank to provide loans to small businesses
and regular folks. One day, the old uncle was walking the large deposit over to the the bank to deposit as he normally did but unfortunately it fell out of his coat and the evil rich tycoon type found
the packet of money and took it leaving the thrift or savings and loan run by Jimmy Stewart SOL
and then the evil tycoon type yelled from the roof tops that the Jimmy's Savings & Loan didn't have
money/cash and to "get your money out" to all the "regular folks" who placed their savings in that
thrift so folks could borrow or should I say get loans to start their businesses or keep their business
with some cash from when they had bills due to the time they were paid so they could pay those bills,
or for a new home, etc. This tycoon pronouncement led all the savers to "pull their cash out" all at once resulting on a run on Jimmy's thrift that had helped so many folks obtain their dreams as outlined yet now they were at his throat demanding their monies to the point where Jimmy contemplated suicide and found out from his little angel what his town would look like without him
being there. A town owned and destroyed by the tycoon and company and the misery of all the
people in the town without Jimmy there. Jimmy told it straight to those "investors" of their cash
in the thrift that some of the money is Annie's Home, Jim's Auto Repair Shop, Diane's Diner, etc..
Naturally, the folks, those savings and loan depositors, figured out that the savings and loan indeed
had helped each and every one of them in their lives pursuits in business and personal affairs, so
they pooled any monies they had and placed in Jimmy's savings and loan just in time before regulators with the help of the evil tycoon were at the bank to close it down due to lack of reserves.
It is the essence of the banking system, to provide liquidity to individuals and businesses relevant
covered or collateralized loans for obvious reasons it builds folks dream and future goal objectives
in the most common and rudimentary means of loans for that liquidity. Now, if your banks are lacking
liquidity, this means that people aren't saving money over time and the banks conversely are not
attracting savers to deposit their funds into the banks thereby creating more ability to make underwritten loans to average Americans for all the right reasons. Why did the bank's end up with
less and less savers placing money in the banks instead of other investment pockets? That's because
we had zero point or close to it interest rate structure which is a disincentive for savers to place
their savings in banks to then fund as Jimmy did needed liquidity/loans to general folks and businesses. And that is why, it is indeed important and vital to increase The Fed Rates to a higher
rate rather than lower as to attract more liquidity not "less" as those who advise oppositely would
like you to believe. Now, there is a limit to what the Fed can do in terms of increases, but in my
own opinion they should and can do additional rate increases so that people become more savings
minded as well as analyzing how and on what they are spending their money on. If banks are going
to the Fed Window and borrowing, the Fed would be in direct default of it's obligations and duties
to the general population inclusive of personal and businesses as well by not providing liquidity when
duly necessary. General Welfare as parlayed by our US Constitution equals provisions of means of
doing personal and business transactions more readily then not and so in the event of liquidity
needs from the Fed or Treasury, I think it would be staggeringly ignorant for any nation to wantonly
disregard the best interests of their citizens as pertains to the use of money to conduct business.
This is not to say there should not be reasonable circumscription of liquidity "but" in certain circumstances to do otherwise would be prophetically insane and not in line with the most rudimentary reason to be if you will of any banking system whether here or around the world
Additionally, I believe the FDIC insures cash in accounts in banks up to $250,000 whereas other
investment vehicles provide you what? Sh___ that's what!
We've seen how the non fiat systems have worked with the digital crypto conundrum with nothing
backing it, freaks running the platforms that handle loaning, using and abusing that system with
little or zero controls into the never never lands of destruction or should I say Chapter 11 and
beyooooond! How many millions of folks have been screwed in the crypto conundrum already
as bankruptcy under Chapter 11 equals you getting nothing or a pittance of what you put into
that cash eating monster. We also saw hackers basically take monies out of the FTX accounts
and place them in private wallets even "after" the Chapter 11 filing so what should that tell in-
vestors about any assurances as to security and safety of their cash in that abyss? In essence if
you really think about the Crypto Conundrum, it was first inhabited by "investors" of the folks
that don't want their monies in traceable assets or seen as easily by governments around the
world so they can be taxed or seized due to illegal sources of those funds. This is the "cream
of the crop" hidden inside of the Crypto Conundrum and the speculators, who aggressively
threw themselves into the Crypto Dark Hole, did so even knowing it was set up for the folks
wanting to hide or conceal their ill gotten gains from the prying eyes of the governments
around the world. I wouldn't be surprised that even Putin and his cohorts have been using
cryptos to hide their monies they have over seas as the sanctions continue to bite into their
ass__! If you really take a deep dive into crypto's you might as well go on the dark web as
that is where all the terd muffins of the economic system run like a herd of beasts that they
are anyways. Besides the Crypto Conundrum has no FDIC just the block that chains so when
it all falls down like London Bridges, no one in them should cry Argentina after the collapses!
Then you move on to gold and silver and you see that even as the proponents of these
items as currency, it is quite cumbersome to say the least to operate from any metals system
and then secondarily, if the metals are finite then you can only borrow or loan finite amounts
of monies. Think about that in actual application. So, you have what, now 8 billion people and
now they can only obtain loans for what, 4 billion or 1 billion per the gold and silver models
of currency? This is why the old systems fell apart and away in the first place as they could
not envision a future business and personal cycle of the world as comprehensively more
active than the 1800's and early 1900's. And while, I'm not in favor of carte blanche endless
loans for anyone and everyone, if banks and other financial institutions do their due diligence
on new loans and applicants, as well as healthier interest rate environments, this should eliminate
much of the mal investments occurred during the easy money Covid times. Additionally, you
have to store in safe places institutions your large amounts of silver or gold so you effectively
have carry costs unless your a small time holder of these metals and you really have no interest
earnings on the metals unless they go up in value. I can imagine folks running around with
a brief case of metals to the grocery store or butchers or retail stores and handing the cashier
a bar of silver?!!?? Thinks about this nonsensical approach to future business transactions. Then
what if you don't have the exact amount of the metal for your purchase. What do you do then?
Do you chisel off some of the silver and gold, then weigh it at the store where you're buying something and then proceed to close your deal or purchase? That's as truly crazy as this can
be.
Finally, people, who are arguing against fiat or for metals or for whatever they are selling at
the time to you or me, in the final analysis we are "already in" a digitalization of fiat currency
as the majority of transactions are "done" on plastic whether debit, credit or other cards all
tied to digitalization of your money and this has been ongoing for the last 15 years or so. So,
if fiat currencies move into a digital currency, it is with a yawn that that happens today, as that
has already transpired. It's just that folks don't think about their using their debit or credit cards
every day for just about every thing so digitalization is already here. Where just not cognizant
of it tremendously as we use it in just about ever day purchases of things we want.
Say i have a pair of snowpants that my kid has outgrown; so i post a message on the local page; snowpants for $20; i meet the person and he gives me $20 cash;; so here is my thought with a digital currency; snowpants $20; he is charged 21.60 and i receive 18.40
Gregory - like your work. Set up my own central bank years ago with physical PM's and other tangible items. Would like to support your work but I closed out my PayPal account several years ago and don't like their "politics". Would you consider setting up a credit card account? If so, I would add on the credit fee. Thanks. Ralph
Or make this substack subscription based as a way to support him. I would be happy to pay for a subscription. I also closed Pay Pal however I would still like to support Gregs work 🤷♀️
Yes the MEDIA is full of BS....and we have been lied to ALL OF OUR LIVES.. BUT WHAT Greg SAYS IS true...I WATCH THIS MARKET TO AND HAVE BEEN AROUND 73 years
He didnt say take everything out , you must have a minimum amount in to pay your bills , operate business ect and just have accept that amount as being "gone" if the system does fall . Its not going to be pretty if this really is the endgame which its starting to look like .
YOU ARE THE BEST PREDICTOR OF THE MARKET GREG KEEP IT UP, we that know you will stand by your side ,,,THANKS FOR ALL YOUR INFORMATION !!!!!!!!!!!!!!!!!!!
yep its going to be ugly , if you believe the WEF all this has to be in place and finished by 2030 for the transhuman transition with alot less people on earth...........
Thanks for the update Greg.
You were right.
They've been using experimental psychological strategies on the public to persuade them to vaccinate, recommend vaccination and shame unvaccinated.
Read the Yale study linked in my newsletter.
We are in a series of PSYOPs!
https://theodoreatkinson.substack.com/p/persuasion-marketing-and-psychological
👏 💯🙏🏻✊. I was driving Today in shite heap Scotland nearly home , I live now in a small village tbh . A runner 🏃♀️ had a snood on up to his eyes
Omg I wanted to stop the car and rip it off him 😱🤦♀️.
I so wish I could GIF on this right now
Alarming doesn’t cut it
Sorry, I commented the wrong person.
It’s ok im a tough Scot’s girl I can take it 😂 l ain’t no wet wipe . I remember life without technology
Was so lovely and beautiful
GB ✊🙏🏻🤍
Shut up dummy.
Seems bank might be insolvent already...
https://www.theinstitutionalriskanalyst.com/post/is-jpmorgan-chase-insolvent
YES AND CHARLES SCHWAB
Yikes, zoom out on the DPCREDIT chart.
https://fred.stlouisfed.org/series/DPCREDIT
Idiot
Stay poor, brainlet.
The "Bank Runs", run, run, run to the window and get your cash out, out, out of the Banking System
before the death toll rings! This reminds of the 1940-50's movie, It's a Wonderful Life. If you have
never seen it, I would suggest you do. It speaks about Jimmy Stewart and some other family members
getting together the funds for a thrift or savings & loan bank to provide loans to small businesses
and regular folks. One day, the old uncle was walking the large deposit over to the the bank to deposit as he normally did but unfortunately it fell out of his coat and the evil rich tycoon type found
the packet of money and took it leaving the thrift or savings and loan run by Jimmy Stewart SOL
and then the evil tycoon type yelled from the roof tops that the Jimmy's Savings & Loan didn't have
money/cash and to "get your money out" to all the "regular folks" who placed their savings in that
thrift so folks could borrow or should I say get loans to start their businesses or keep their business
with some cash from when they had bills due to the time they were paid so they could pay those bills,
or for a new home, etc. This tycoon pronouncement led all the savers to "pull their cash out" all at once resulting on a run on Jimmy's thrift that had helped so many folks obtain their dreams as outlined yet now they were at his throat demanding their monies to the point where Jimmy contemplated suicide and found out from his little angel what his town would look like without him
being there. A town owned and destroyed by the tycoon and company and the misery of all the
people in the town without Jimmy there. Jimmy told it straight to those "investors" of their cash
in the thrift that some of the money is Annie's Home, Jim's Auto Repair Shop, Diane's Diner, etc..
Naturally, the folks, those savings and loan depositors, figured out that the savings and loan indeed
had helped each and every one of them in their lives pursuits in business and personal affairs, so
they pooled any monies they had and placed in Jimmy's savings and loan just in time before regulators with the help of the evil tycoon were at the bank to close it down due to lack of reserves.
It is the essence of the banking system, to provide liquidity to individuals and businesses relevant
covered or collateralized loans for obvious reasons it builds folks dream and future goal objectives
in the most common and rudimentary means of loans for that liquidity. Now, if your banks are lacking
liquidity, this means that people aren't saving money over time and the banks conversely are not
attracting savers to deposit their funds into the banks thereby creating more ability to make underwritten loans to average Americans for all the right reasons. Why did the bank's end up with
less and less savers placing money in the banks instead of other investment pockets? That's because
we had zero point or close to it interest rate structure which is a disincentive for savers to place
their savings in banks to then fund as Jimmy did needed liquidity/loans to general folks and businesses. And that is why, it is indeed important and vital to increase The Fed Rates to a higher
rate rather than lower as to attract more liquidity not "less" as those who advise oppositely would
like you to believe. Now, there is a limit to what the Fed can do in terms of increases, but in my
own opinion they should and can do additional rate increases so that people become more savings
minded as well as analyzing how and on what they are spending their money on. If banks are going
to the Fed Window and borrowing, the Fed would be in direct default of it's obligations and duties
to the general population inclusive of personal and businesses as well by not providing liquidity when
duly necessary. General Welfare as parlayed by our US Constitution equals provisions of means of
doing personal and business transactions more readily then not and so in the event of liquidity
needs from the Fed or Treasury, I think it would be staggeringly ignorant for any nation to wantonly
disregard the best interests of their citizens as pertains to the use of money to conduct business.
This is not to say there should not be reasonable circumscription of liquidity "but" in certain circumstances to do otherwise would be prophetically insane and not in line with the most rudimentary reason to be if you will of any banking system whether here or around the world
Additionally, I believe the FDIC insures cash in accounts in banks up to $250,000 whereas other
investment vehicles provide you what? Sh___ that's what!
We've seen how the non fiat systems have worked with the digital crypto conundrum with nothing
backing it, freaks running the platforms that handle loaning, using and abusing that system with
little or zero controls into the never never lands of destruction or should I say Chapter 11 and
beyooooond! How many millions of folks have been screwed in the crypto conundrum already
as bankruptcy under Chapter 11 equals you getting nothing or a pittance of what you put into
that cash eating monster. We also saw hackers basically take monies out of the FTX accounts
and place them in private wallets even "after" the Chapter 11 filing so what should that tell in-
vestors about any assurances as to security and safety of their cash in that abyss? In essence if
you really think about the Crypto Conundrum, it was first inhabited by "investors" of the folks
that don't want their monies in traceable assets or seen as easily by governments around the
world so they can be taxed or seized due to illegal sources of those funds. This is the "cream
of the crop" hidden inside of the Crypto Conundrum and the speculators, who aggressively
threw themselves into the Crypto Dark Hole, did so even knowing it was set up for the folks
wanting to hide or conceal their ill gotten gains from the prying eyes of the governments
around the world. I wouldn't be surprised that even Putin and his cohorts have been using
cryptos to hide their monies they have over seas as the sanctions continue to bite into their
ass__! If you really take a deep dive into crypto's you might as well go on the dark web as
that is where all the terd muffins of the economic system run like a herd of beasts that they
are anyways. Besides the Crypto Conundrum has no FDIC just the block that chains so when
it all falls down like London Bridges, no one in them should cry Argentina after the collapses!
Then you move on to gold and silver and you see that even as the proponents of these
items as currency, it is quite cumbersome to say the least to operate from any metals system
and then secondarily, if the metals are finite then you can only borrow or loan finite amounts
of monies. Think about that in actual application. So, you have what, now 8 billion people and
now they can only obtain loans for what, 4 billion or 1 billion per the gold and silver models
of currency? This is why the old systems fell apart and away in the first place as they could
not envision a future business and personal cycle of the world as comprehensively more
active than the 1800's and early 1900's. And while, I'm not in favor of carte blanche endless
loans for anyone and everyone, if banks and other financial institutions do their due diligence
on new loans and applicants, as well as healthier interest rate environments, this should eliminate
much of the mal investments occurred during the easy money Covid times. Additionally, you
have to store in safe places institutions your large amounts of silver or gold so you effectively
have carry costs unless your a small time holder of these metals and you really have no interest
earnings on the metals unless they go up in value. I can imagine folks running around with
a brief case of metals to the grocery store or butchers or retail stores and handing the cashier
a bar of silver?!!?? Thinks about this nonsensical approach to future business transactions. Then
what if you don't have the exact amount of the metal for your purchase. What do you do then?
Do you chisel off some of the silver and gold, then weigh it at the store where you're buying something and then proceed to close your deal or purchase? That's as truly crazy as this can
be.
Finally, people, who are arguing against fiat or for metals or for whatever they are selling at
the time to you or me, in the final analysis we are "already in" a digitalization of fiat currency
as the majority of transactions are "done" on plastic whether debit, credit or other cards all
tied to digitalization of your money and this has been ongoing for the last 15 years or so. So,
if fiat currencies move into a digital currency, it is with a yawn that that happens today, as that
has already transpired. It's just that folks don't think about their using their debit or credit cards
every day for just about every thing so digitalization is already here. Where just not cognizant
of it tremendously as we use it in just about ever day purchases of things we want.
🫡
Say i have a pair of snowpants that my kid has outgrown; so i post a message on the local page; snowpants for $20; i meet the person and he gives me $20 cash;; so here is my thought with a digital currency; snowpants $20; he is charged 21.60 and i receive 18.40
Wow there Mark!
Stop watching TV and go outside and hug a tree....
Dummy
Gregory - like your work. Set up my own central bank years ago with physical PM's and other tangible items. Would like to support your work but I closed out my PayPal account several years ago and don't like their "politics". Would you consider setting up a credit card account? If so, I would add on the credit fee. Thanks. Ralph
Or make this substack subscription based as a way to support him. I would be happy to pay for a subscription. I also closed Pay Pal however I would still like to support Gregs work 🤷♀️
Thank you for the truth, in short supply these days. Trust in someone is valuable, thank you.
Yes the MEDIA is full of BS....and we have been lied to ALL OF OUR LIVES.. BUT WHAT Greg SAYS IS true...I WATCH THIS MARKET TO AND HAVE BEEN AROUND 73 years
Dummy
Good one as usual, Greg will be linking it today @https://nothingnewunderthesun2016.com/
in my economic news category. Usually link most of your videos.
hi greg - i agree with your commentary today. i have a small business, i cant operate the business without cash in the bank?
i have moved my business account from big banks to a credit union...
after your commentary this morning...what to do?
He didnt say take everything out , you must have a minimum amount in to pay your bills , operate business ect and just have accept that amount as being "gone" if the system does fall . Its not going to be pretty if this really is the endgame which its starting to look like .
That was a stupid comment.
Your mom jerks me real good 👍
How about a birdy 🤔😯🙏🏻
Yeah, just keep the minimum needed to conduct business and deposit as needed.
Fiat is dying, but the same premise as PM's holds.
If you don't HOLD it, you don't OWN it.
You're wrong.
You're gay.
YOU ARE THE BEST PREDICTOR OF THE MARKET GREG KEEP IT UP, we that know you will stand by your side ,,,THANKS FOR ALL YOUR INFORMATION !!!!!!!!!!!!!!!!!!!
How deep will the collapse go? Should all my gold and silver be in grams?
Imagine 2008 on meth, is my estimate. Imagine the worst crisis in 100 years.
We are at a stage where multiple cycles end, so it will blow up in many ways, not just economically.
Make sure to have lots of food and supplies!
yep its going to be ugly , if you believe the WEF all this has to be in place and finished by 2030 for the transhuman transition with alot less people on earth...........
Yip I predict a riot , like a boiling kettle over here
Bring it fkn on I say . Looks like the woman are going to have to do it . Mostly all young men are Hooked on SM & Porn
🤮🤦♀️😭
Hey sweetie 🥰😘
Your mom doesn't seem to have any complaints.
I’ve said for nearly 3 years imagine waiting up from a coma to this . I would be demanding to be put back into a induced coma 💯🏃♀️
Like absolutely everything 💯🙏🏻✌️🤦♀️
Give me a kiss 💋 babygirl.
Of. Course 🙄😘😘🤣🤣
Omg gifs 🤦♀️😫😂😂😂
Smooch! 😘
I love you 💘😍💘💕
Aww get it now you got ur toy 👏
Real deep
Greg why stop accepting btc? Happy to send some
As it’s going down the shitter 🚽🙏🏻✌️
Where is Greg???
Miss your daily videos.
God bless you dear Greg! We already miss you 🥰 ❤! Greetings to Hawaii!
Have never invested in any stock market maybe one day... Learning slowly... want to say the energy you ooze is infectious. You are Gold x