Always has been but they were given a free pass because they argued it could be worse. I think we are far more closer to that "worse" situation compared to 2008.
That could be, I mean, even where it comes to a 'bank run' the banks only hold a fraction of the value they have in accounts.
Given that most people use their cards exclusively, even debit tap. Seriously, if any of you has not done it yet, turn off the tap on your bank card. The credit card at least they have to prove that YOU bought something in a dispute, but if someone takes your bank card and taps away 1000$, YOU have to prove to the bank that you had your card legitimately stolen or the assumption is you gave the card.
When swiping or using the chip reader, you need to use the PIN. Since the assumption is that the PIN is private to you if someone steals your card and uses the PIN the bank will assume that you gave them the PIN. You will be stuck trying to prove that they obtained the PIN without your help.
If someone steals your credit card and uses the PIN, that will likely be top of the list of questions, "how did they get the PIN?" but ultimately, they have to prove that you were responsible for the charges... and in using the password, that's strong evidence in their favor.
Collapse of banking system, not having access to funds. Scare Event.
JP Morgan on it’s own is leveraged To the tune of $61 Trillion dollars. These people are a threat to humanity.
Always has been but they were given a free pass because they argued it could be worse. I think we are far more closer to that "worse" situation compared to 2008.
They say 2008 was papered over. We never really lived it through. I guess it was more of a glimpse.
2008 was a warning of what was to come IMO.
Gonna be a complete financial meltdown. Gonna make 2008 look like childsplay.
By design.
So this is why they needed Biden in charge. To do one last bail-out at the taxpayers expense.
It would be cheaper to throw every banker in prison and have all debt forgiven. ;) Tax payers will never pay that off.
You think? Trump did mention to watch inflation rate after the midterms.
But, is the cabal aware it's the last bail out? I think not. Gonna be some surprises for those guys!
That could be, I mean, even where it comes to a 'bank run' the banks only hold a fraction of the value they have in accounts.
Given that most people use their cards exclusively, even debit tap. Seriously, if any of you has not done it yet, turn off the tap on your bank card. The credit card at least they have to prove that YOU bought something in a dispute, but if someone takes your bank card and taps away 1000$, YOU have to prove to the bank that you had your card legitimately stolen or the assumption is you gave the card.
Wouldn't swiping be the same? So if someone steals your card and they swipe it instead if tapping, they would get by with it?
When swiping or using the chip reader, you need to use the PIN. Since the assumption is that the PIN is private to you if someone steals your card and uses the PIN the bank will assume that you gave them the PIN. You will be stuck trying to prove that they obtained the PIN without your help.
If someone steals your credit card and uses the PIN, that will likely be top of the list of questions, "how did they get the PIN?" but ultimately, they have to prove that you were responsible for the charges... and in using the password, that's strong evidence in their favor.
Unless you use it as "credit" instead of debit. I always choose that and never have to use my pin on purchases
Now's a good time to to watch The Big Short.
Great movie on 2008 financial crisis.