Probably a larp. But honestly if true the banks can fuck off. I would rather lose every dime I have than live under CCP, and bank control. If crippling this Nations economy is what it takes to forge a path to the great awakening than I am all for it.
Better than Civil War.... Also another reason this is larp lol They can't come physically take your physical silver until they take away the 2nd... so yeah feeling like this guy is larping.
The banks are evil and corrupt, but a sudden collapse of the banking system would absolutely fuck us. The banks are where we keep our money. It’s how people borrow money to buy houses. It’s how companies borrow money to grow and expand. When we put money in our bank account, they use our money to fund these loans. Yes, it’s insured by the FDIC, but if the financial system collapses the FDIC has nowhere to go to source this money.
The banks and the hedge funds shorted on highly leveraged funds. Meaning it is shorted on money they don’t have, and technically doesn’t exist. If the banks don’t have it, where would it come from?
What would happen if everyone suddenly tried to withdraw their money at the same time? The banks don’t have it. They are have to use every penny they have and more to cover their short positions. No person or company will be able to take out a loan because the banks are in debt and they don’t have the money. It would be chaos. As much as we hate the big banks, we won’t just be fucking them, we will be fucking ourselves even though they are the ones who fucked up in the first place.
Personally, I think the government is going to use all means necessary to put a stop to this so that a massive system wide collapse across the world doesn’t happen, even if it’s illegal. The other option is to print more money creating massive inflation and a huge devaluation of the dollar. If you make 100k on buying silver, but the value of the dollar drops 90%, then that 100k is only worth 10k. And if you had 500k in savings, then suddenly that 500k is equivalent to 50k.
Every single person will be watching and the Fed and the banks will be forced to admit how corrupt and flawed the entire system is. If there is ever a way to wake people up, this is it. Is this the shot heard around the world? The Great Awakening?
I believe this will be a segway for Trump’s return and bringing us back to a gold-backed dollar.
So you're saying the banks don't have any of our money anyway, it's all fiction. But it would be really terrible if that fiction were revealed?
How about this: crash the banks, nationalize them, and license banking rights to new owners who are held to a higher standard of behavior. Current owners get fucked.
Every time this happens it's always the same, we can't let the chips fall because this super complex web of deceit would get dislocated.
Yes, that’s how the banking system works. When you deposit money into a bank account it goes into their “pool” of money. That is where they get the money to fund loans. The way banks make money is by charging interest on the loans.
Under normal circumstances there is always enough money in the “pool” to allow people to withdraw from their own account at any time. Only a certain percentage of people are withdrawing money at one time so they only need to keep a certain percentage of that money in the pool. But they don’t keep enough money in the pool for everyone to withdraw all of their money at the same time because that money is being used to fund mortgages and loans.
If they always kept all of everyone’s money in the pool, they wouldn’t be able to issue loans because they would have no source of money to fund the loans. If we don’t have loans, people would have to buy houses all paid for upfront because there is nowhere to borrow money from. Small businesses would get hurt a lot more than big businesses because small businesses are generally the ones who need to borrow money to expand.
Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have. What did they do with the money they received from the short sale? They likely used it to issue more loans so they can make more money on the interest of the loans.
So now what happens if the banks are suddenly caught on the wrong side of a massive short squeeze with billions of dollars leveraged? How do they pay out these massive losses? They certainly don’t have this much money on hand to pay out the losses because it has been loaned out. Do they draw from the pool of money from people’s bank accounts? Do they stop issuing loans? Do they suddenly require people to pay back the money that was loaned to them by the banks? They absolutely cannot risk anyone defaulting on loans. Interest rates will have to be increased dramatically. If the banks don’t have this money, where does it come from?
What if they literally CAN’T buy out of their shorts because they don’t have the money to do so?
That’s why I think there’s really only a few options (that I can think of). Either the government steps and puts a stop on this massive short squeeze, or they bail them out by printing an enormous amount of money and we end up with hyperinflation. Hyperinflation will damage our economy tremendously so I think the only way to fix this is by having the government step in and stop it.
I am by no means supportive of the corrupt practices of our banks and I agree we need we need to hold them to a higher standard. But people need to realize the massive ripple effects that would take place by “crashing the banks”. For better or worse, our entire economic system is dependent on the banks. I’m not defending them, I’m just laying it out the implications is this happens.
I have to disagree with you based on your statement:
"Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have."
I disagree because a bank should not be speculating in any market such as stocks, commodities, or futures. The moment they begin doing that they are no longer just a bank. They are simply a casino betting with other people's money.
That's wrong.
The regulation prohibiting that was rolled back to the detriment of the entire world. So, no, I don't agree this is something that shouldn't be done simply because it locks up the person on main street. I believe this needs to be done to get rid of this cancer. 2008 didn't change a damn thing for banks. They rewarded themselves with massive bonuses and continued on as if the 2008 event never occurred.
When a system becomes so corrupt, so degenerate and morally bankrupt that it continues to do the same things it's always done - and which always cause pain to the person on main street - without a care in the world because it always gets away with it? Time to tear it down and imprison the people involved.
I've seen financial advice going back to the early 2000's advising people to invest in precious metals because of what happened with the Dot Com bubble. I've read advice going back decades to keep enough liquid cash available to pay for a few months of living expenses. 1987, 1999, 2008. Heck, go back to 1929. The behavior the financial institutions engage in is not new behavior. They've just never been held truly accountable - and never had to worry about the laws preventing such actions from staying on the books for very long.
having the government step in and stop people from purchasing silver is totalitarian enslavement. Don’t be such a braindead moron that you think that we must remain slaves to the usurers because it would cOlLaPsE tHe SyStEm
I appreciate the courage to posit an unpopular opinion. A few questions:
When you say 'banks' I assume you are including credit unions. Is that correct?
When you say 'money' you seem to be referring to fiat currency. Is there a difference between the two to you?
When you say, "they use our 'money' to fund these loans" you neglect to account for our fractional reserve paradigm. Do you acknowledge that 90% of the loan is bank credit that is actually conjured from nothing?
If you buy silver and then the USD collapses, why would you want to convert your silver (money) back into USD (failed fiat)?
How is your argument different from extortion?
Thanks for enlightening this semi-functional retard!
I was just sharing my basic and simple knowledge on how the system works. I am by no means an expert. I just want to share my concerns about how intertwined the system is and what it could mean if the banks crash. I’m not defending them, but I want people to understand the implications. In the end, if the banks crash, we will ultimately be the ones who are hurt by it.
Based on my limited knowledge I don’t know the answers to your first 3 questions. It seems like you know more about how it all works than I do.
This is a good point. If you purchase physical silver then by no means would you want to convert it to USD. I was more so referring to making money by trading silver commodity futures and never actually taking ownership of physical silver. A good real world example right now is in Argentina. They are experiencing rapid inflation. Argentina is the world’s largest exporter of soybean oil and soybean meal. But with the rapid inflation, the farmers aren’t selling their soybeans because whatever the money they get paid for it is worth less the next day. So they are holding onto their soybeans as a hedge against inflation.
I’m not defending the banks by any means. The banking system generally works just fine. The part where they really fucked up is by shorting stocks and commodities. They use the money they got from shorting to issue more loans and make more money on the interest. This is all driven by greed. They absolutely know the risks if something like this were to happen, but they did it anyway because they are blinded by their greed.
This problem really stems from the repeal of the Glass-Steagall act by Clinton. This allowed investment banks and regular banks to converge as one as puts the risk on regular savers and not just the investment banks.
After the Great Depression Glass-Steagall was enacted to prevent it from happening again. The good ol' Democrats (and the Rino's) got rid of that shit so the banks can vacuum up all of our money when they fuck up.
Thanks for responding! I did not mean to imply that you were on the dark side, and acknowledge that MOAR financial turmoil will add stress the to the already-vulnerable.
This entire shit show has been an eye opener for me (and I thought I was already cynical...kek).
Mostly curious whether credit unions are similarly over-leveraged
Thank you for sharing. That’s a lot worse than I was expecting it to be. Even though the banks got us into this mess, we might ultimately be the ones who have to pay for it.
It’s no one’s fault but their own, but that doesn’t mean we won’t have to pay the price for it.
I’m optimistic, however, that it will all work out in our favor. If this is all part of Trump and Q’s plan then they already have a solution that will be to our benefit.
I have a tight knit neighborhood. And my family all live within a mile of me. But I agree. We have to stop being selfish. It isn't going to solve anything.
I am a hunter and my freezer is overfilling. I told several people close to me if they ever needed anything due to not having money or just can't get meat come to me. We have to pay it forward as corny as it sounds. America used to primarily function through the unity of our communities. We have to find that again. And we have to stop relying on big government. THat is why we are in this position now.
I always through that paying our taxes guarenteed us the government would be protecting us from international threats while we are able to be independent and take care of ourselves.
During WWII the government collected all gold. Don’t think there is a digital paper trail on your silver purchase. We are living under Beijing Biden. Do you think the average regular citizen in China has gold or silver? ?
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
The limitation on gold ownership in the United States was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in Pub.L. 93–373, which went into effect December 31, 1974.
Probably a larp. But honestly if true the banks can fuck off. I would rather lose every dime I have than live under CCP, and bank control. If crippling this Nations economy is what it takes to forge a path to the great awakening than I am all for it.
Better than Civil War.... Also another reason this is larp lol They can't come physically take your physical silver until they take away the 2nd... so yeah feeling like this guy is larping.
Almost reads like an invitation.
lmao that's how I read it too
I read it as - you fools, I have invested in silver... you should do the same.
This is going to be an unpopular opinion.
The banks are evil and corrupt, but a sudden collapse of the banking system would absolutely fuck us. The banks are where we keep our money. It’s how people borrow money to buy houses. It’s how companies borrow money to grow and expand. When we put money in our bank account, they use our money to fund these loans. Yes, it’s insured by the FDIC, but if the financial system collapses the FDIC has nowhere to go to source this money.
The banks and the hedge funds shorted on highly leveraged funds. Meaning it is shorted on money they don’t have, and technically doesn’t exist. If the banks don’t have it, where would it come from?
What would happen if everyone suddenly tried to withdraw their money at the same time? The banks don’t have it. They are have to use every penny they have and more to cover their short positions. No person or company will be able to take out a loan because the banks are in debt and they don’t have the money. It would be chaos. As much as we hate the big banks, we won’t just be fucking them, we will be fucking ourselves even though they are the ones who fucked up in the first place.
Personally, I think the government is going to use all means necessary to put a stop to this so that a massive system wide collapse across the world doesn’t happen, even if it’s illegal. The other option is to print more money creating massive inflation and a huge devaluation of the dollar. If you make 100k on buying silver, but the value of the dollar drops 90%, then that 100k is only worth 10k. And if you had 500k in savings, then suddenly that 500k is equivalent to 50k.
Every single person will be watching and the Fed and the banks will be forced to admit how corrupt and flawed the entire system is. If there is ever a way to wake people up, this is it. Is this the shot heard around the world? The Great Awakening?
I believe this will be a segway for Trump’s return and bringing us back to a gold-backed dollar.
So you're saying the banks don't have any of our money anyway, it's all fiction. But it would be really terrible if that fiction were revealed?
How about this: crash the banks, nationalize them, and license banking rights to new owners who are held to a higher standard of behavior. Current owners get fucked.
Every time this happens it's always the same, we can't let the chips fall because this super complex web of deceit would get dislocated.
Yes, that’s how the banking system works. When you deposit money into a bank account it goes into their “pool” of money. That is where they get the money to fund loans. The way banks make money is by charging interest on the loans.
Under normal circumstances there is always enough money in the “pool” to allow people to withdraw from their own account at any time. Only a certain percentage of people are withdrawing money at one time so they only need to keep a certain percentage of that money in the pool. But they don’t keep enough money in the pool for everyone to withdraw all of their money at the same time because that money is being used to fund mortgages and loans.
If they always kept all of everyone’s money in the pool, they wouldn’t be able to issue loans because they would have no source of money to fund the loans. If we don’t have loans, people would have to buy houses all paid for upfront because there is nowhere to borrow money from. Small businesses would get hurt a lot more than big businesses because small businesses are generally the ones who need to borrow money to expand.
Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have. What did they do with the money they received from the short sale? They likely used it to issue more loans so they can make more money on the interest of the loans.
So now what happens if the banks are suddenly caught on the wrong side of a massive short squeeze with billions of dollars leveraged? How do they pay out these massive losses? They certainly don’t have this much money on hand to pay out the losses because it has been loaned out. Do they draw from the pool of money from people’s bank accounts? Do they stop issuing loans? Do they suddenly require people to pay back the money that was loaned to them by the banks? They absolutely cannot risk anyone defaulting on loans. Interest rates will have to be increased dramatically. If the banks don’t have this money, where does it come from?
What if they literally CAN’T buy out of their shorts because they don’t have the money to do so?
That’s why I think there’s really only a few options (that I can think of). Either the government steps and puts a stop on this massive short squeeze, or they bail them out by printing an enormous amount of money and we end up with hyperinflation. Hyperinflation will damage our economy tremendously so I think the only way to fix this is by having the government step in and stop it.
I am by no means supportive of the corrupt practices of our banks and I agree we need we need to hold them to a higher standard. But people need to realize the massive ripple effects that would take place by “crashing the banks”. For better or worse, our entire economic system is dependent on the banks. I’m not defending them, I’m just laying it out the implications is this happens.
I have to disagree with you based on your statement:
"Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have."
I disagree because a bank should not be speculating in any market such as stocks, commodities, or futures. The moment they begin doing that they are no longer just a bank. They are simply a casino betting with other people's money.
That's wrong.
The regulation prohibiting that was rolled back to the detriment of the entire world. So, no, I don't agree this is something that shouldn't be done simply because it locks up the person on main street. I believe this needs to be done to get rid of this cancer. 2008 didn't change a damn thing for banks. They rewarded themselves with massive bonuses and continued on as if the 2008 event never occurred.
When a system becomes so corrupt, so degenerate and morally bankrupt that it continues to do the same things it's always done - and which always cause pain to the person on main street - without a care in the world because it always gets away with it? Time to tear it down and imprison the people involved.
I've seen financial advice going back to the early 2000's advising people to invest in precious metals because of what happened with the Dot Com bubble. I've read advice going back decades to keep enough liquid cash available to pay for a few months of living expenses. 1987, 1999, 2008. Heck, go back to 1929. The behavior the financial institutions engage in is not new behavior. They've just never been held truly accountable - and never had to worry about the laws preventing such actions from staying on the books for very long.
having the government step in and stop people from purchasing silver is totalitarian enslavement. Don’t be such a braindead moron that you think that we must remain slaves to the usurers because it would cOlLaPsE tHe SyStEm
I appreciate the courage to posit an unpopular opinion. A few questions:
Thanks for enlightening this semi-functional retard!
I was just sharing my basic and simple knowledge on how the system works. I am by no means an expert. I just want to share my concerns about how intertwined the system is and what it could mean if the banks crash. I’m not defending them, but I want people to understand the implications. In the end, if the banks crash, we will ultimately be the ones who are hurt by it.
Based on my limited knowledge I don’t know the answers to your first 3 questions. It seems like you know more about how it all works than I do.
This is a good point. If you purchase physical silver then by no means would you want to convert it to USD. I was more so referring to making money by trading silver commodity futures and never actually taking ownership of physical silver. A good real world example right now is in Argentina. They are experiencing rapid inflation. Argentina is the world’s largest exporter of soybean oil and soybean meal. But with the rapid inflation, the farmers aren’t selling their soybeans because whatever the money they get paid for it is worth less the next day. So they are holding onto their soybeans as a hedge against inflation.
I’m not defending the banks by any means. The banking system generally works just fine. The part where they really fucked up is by shorting stocks and commodities. They use the money they got from shorting to issue more loans and make more money on the interest. This is all driven by greed. They absolutely know the risks if something like this were to happen, but they did it anyway because they are blinded by their greed.
This problem really stems from the repeal of the Glass-Steagall act by Clinton. This allowed investment banks and regular banks to converge as one as puts the risk on regular savers and not just the investment banks.
After the Great Depression Glass-Steagall was enacted to prevent it from happening again. The good ol' Democrats (and the Rino's) got rid of that shit so the banks can vacuum up all of our money when they fuck up.
Thanks for responding! I did not mean to imply that you were on the dark side, and acknowledge that MOAR financial turmoil will add stress the to the already-vulnerable.
This entire shit show has been an eye opener for me (and I thought I was already cynical...kek).
Mostly curious whether credit unions are similarly over-leveraged
WWG1WGA
The FDIC had to offer the up to $250,000 insurance on all bank accounts then they would only have enough currency to cover about 2% of bank accounts.
Thank you for sharing. That’s a lot worse than I was expecting it to be. Even though the banks got us into this mess, we might ultimately be the ones who have to pay for it.
Like folks say in construction work:
It gonna get ugly before it gets pretty.
Happy to see some folks are worried about this take down of the stock market.
It’s no one’s fault but their own, but that doesn’t mean we won’t have to pay the price for it.
I’m optimistic, however, that it will all work out in our favor. If this is all part of Trump and Q’s plan then they already have a solution that will be to our benefit.
Recall call the Lee Greenwood song POTUS always played at the start of his rallies? Study the lyrics.
https://www.popularresistance.org/docs/bail-in.pdf
total fucking larp.
If its true I guess we'll all have to pitch in a bare our weight so everyone can eat.
I have a tight knit neighborhood. And my family all live within a mile of me. But I agree. We have to stop being selfish. It isn't going to solve anything.
I am a hunter and my freezer is overfilling. I told several people close to me if they ever needed anything due to not having money or just can't get meat come to me. We have to pay it forward as corny as it sounds. America used to primarily function through the unity of our communities. We have to find that again. And we have to stop relying on big government. THat is why we are in this position now.
I always through that paying our taxes guarenteed us the government would be protecting us from international threats while we are able to be independent and take care of ourselves.
Take away silver...meaning what they own in thier accounts, not physically.
During WWII the government collected all gold. Don’t think there is a digital paper trail on your silver purchase. We are living under Beijing Biden. Do you think the average regular citizen in China has gold or silver? ?
Adding supporting details to your first sentence: