Most people aren’t even withdrawing because they’re worried about bank runs, they’re withdrawing because they’re FORCED to. If all of our income is going towards bills, then no one is putting anything in the bank.
Not to worry, they’ll do QE5 in a year or two and transfer whatever wealth the middle class has left.
All going according to plan.. Fed wants to literally have no middle man between you and their CBDC tokenized enslavement system. Where your home, car and even clothing is tokenized on their blockchain system.
Good luck with this lot in Darkest Africa, only the rich will get enslaved, the rest of us were born slaves and our "economy" is 80% unbanked, so roll on your cbdc we will take it and break it in no time.
I found over 100 billion in "Unrealized Loses" on Bank Of America. It's insane that none of these loses are reported in their earnings for any of these banks. Mixed bag of bad investments, commercial real estate some bonds and residential. I'll keep looking....
I read an article a while back that said the FDIC has only $200 Billion that is insuring a whopping $9T in deposits and I used Bing Chat and it said as of April it is down to $116 Billion.
I think a majority of it is people pulling money from banks that don’t want to pay a decent interest rate but they want to charge their customers a too rate . Typical bankers one hand in their pocket and the other hand out . . Why give them a gift
Most people aren’t even withdrawing because they’re worried about bank runs, they’re withdrawing because they’re FORCED to. If all of our income is going towards bills, then no one is putting anything in the bank.
Not to worry, they’ll do QE5 in a year or two and transfer whatever wealth the middle class has left.
The math is not working!
MMRI 320 Dow over 500 today....
In a year or two? Do we even have that long?
All going according to plan.. Fed wants to literally have no middle man between you and their CBDC tokenized enslavement system. Where your home, car and even clothing is tokenized on their blockchain system.
They can "Tokenize" my middle rigid digit.
Xrp is middle man
Gonna get big ugly & fast
Good luck with this lot in Darkest Africa, only the rich will get enslaved, the rest of us were born slaves and our "economy" is 80% unbanked, so roll on your cbdc we will take it and break it in no time.
How far along are they on the whole Mars colonization thing? I want off this planet ASAP.
I found over 100 billion in "Unrealized Loses" on Bank Of America. It's insane that none of these loses are reported in their earnings for any of these banks. Mixed bag of bad investments, commercial real estate some bonds and residential. I'll keep looking....
There's an unrelenting nagging in the pit of my stomach, an unsettling feeling that something terrible is coming.
All of this is more evidence that the FED has lost control.
Greg, the banks don't need depositors since they know the Fed will give them the money if their balance sheet gets too bad.
that is the plan, the fed will sequestrate the banks and acquire their assets with thinner than thin nothing cbdc's
I assume these are going to T-bills and other assets.
I don't see it as them just pulling out cash and putting it under their mattresses. Only a small percentage do that.
T-bills are now sub prime.
Regardless, that doesn't really refer to my point.
as monero starts its ascent -- the "right side" of the bowl.
I'm waiting for it to prove itself. But it's a logical receiver of some of those withdrawals.
I read an article a while back that said the FDIC has only $200 Billion that is insuring a whopping $9T in deposits and I used Bing Chat and it said as of April it is down to $116 Billion.
I think a majority of it is people pulling money from banks that don’t want to pay a decent interest rate but they want to charge their customers a too rate . Typical bankers one hand in their pocket and the other hand out . . Why give them a gift
The 2023 Q3 FDIC quarterly report should be fun.
https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023jun/qbp.pdf#page=1
Get your cash out YESTERDAY.
Well, people’s bank accounts aren’t inflating…
Will we see a bail in in November 2023 or March 14 0f 2024?