Banks take your money and put it in investments that are supposed to multiply your money. They then put that money in their pocket and give you a smidge of it back called "interest" so that you look the other way while they actually lose all your money.
When they're overleveraged it means they've lost more money in their piss-poor performing investments than when they started. Being over-leveraged by 2 quadrillion means not only do they not have everyone's money available for use on demand, but they actually owe people because they are 2 quadrillion dollars in debt.
That debt carries on to the people, so while the bank gets bailed out by the government, you're the one who loses all their money when they fuck around with risky investment schemes.
If the DeepState wanted to make everyone broke overnight, they'd go ahead and just invest everyone's money into joke stocks and then laugh their asses off as everyone goes broke except them, because taxpayer dollars will bail them out.
any tips on finding a local bank (socal) that doesn't have derivatives risk? afaictl anything that has less than $1billion in assets is what to look for , and I'm having no luck finding anything like that.
Can someone break this down on what this means? Not my expertise.
Banks take your money and put it in investments that are supposed to multiply your money. They then put that money in their pocket and give you a smidge of it back called "interest" so that you look the other way while they actually lose all your money.
When they're overleveraged it means they've lost more money in their piss-poor performing investments than when they started. Being over-leveraged by 2 quadrillion means not only do they not have everyone's money available for use on demand, but they actually owe people because they are 2 quadrillion dollars in debt.
That debt carries on to the people, so while the bank gets bailed out by the government, you're the one who loses all their money when they fuck around with risky investment schemes.
If the DeepState wanted to make everyone broke overnight, they'd go ahead and just invest everyone's money into joke stocks and then laugh their asses off as everyone goes broke except them, because taxpayer dollars will bail them out.
Remember -- "banks are simply too big to fail!"
is there a way to lookup which local banks or credit unions level of risk?
so $0 is what you want
any tips on finding a local bank (socal) that doesn't have derivatives risk? afaictl anything that has less than $1billion in assets is what to look for , and I'm having no luck finding anything like that.