The point made in the 2008 crash still stands as firm now as it did then - No one needs a bank, any specific bank. They need a banking system.
If banks want to collude to steal your money and think fancy language is a way to carry out this crime, then they die. Their staff get jailed if they are lucky enough to surrender to law enforcement before the mob catches up with them, their buildings get burned, their assets get seized, and the non-criminal banks can take over the business of the failing thieving ones.
Today is FRYDAY - I wonder if it will happen tonight?
Maybe there'll be a mass power outage ('solar flare' or Yellowstone fire off creating a Carrington Event and taking down the grid) and they try to use it as cover to roll out their CentralFI digital currency.
That could happen but I think it will happen later, not now.
Good thing I live paycheck to paycheck hahahaha suckers
It does occur to me that those who live for today are the winners here.
good thing I'm in a credit union
Dig. My credit union actually has all its money in a big bank.
I wondered about this very thing.
The point made in the 2008 crash still stands as firm now as it did then - No one needs a bank, any specific bank. They need a banking system.
If banks want to collude to steal your money and think fancy language is a way to carry out this crime, then they die. Their staff get jailed if they are lucky enough to surrender to law enforcement before the mob catches up with them, their buildings get burned, their assets get seized, and the non-criminal banks can take over the business of the failing thieving ones.
Good thing I’m broke…I can use a few pennies. 😸
Today is FRYDAY - I wonder if it will happen tonight? Maybe there'll be a mass power outage ('solar flare' or Yellowstone fire off creating a Carrington Event and taking down the grid) and they try to use it as cover to roll out their CentralFI digital currency.
That could happen but I think it will happen later, not now.
OK then. Next Friday is the 13th. 😆
What’s the difference? Since 1913 they’ve replaced our dollars with nickels anyway.
well that sucks. what about FDIC insurance? Each account is supposed to be insured up to $100,000 per customer.
250,000
And they have about $.0001 in actual funds set aside, for each dollar on deposit they claim to be backing.
Lots of good things going on in here!