So, I was looking at some news popping up and saw this article (& the comments) on msn (yeah I know, but it's what pops up on my screen on computer when I go to the internet) ...
from "Benzinga" about & (short) article contents in case you don't want to click link ...
Global Central Banks Announce Coordinated Action As Banking Crisis Deepens: What Investors Should Know Ahead Of Trading Week
The Federal Reserve, the U.S. central bank, the Bank of Canada, the Bank of England, the European Central Bank, and the Swiss National Bank announced Sunday their decision to enhance the provision of liquidity through the standing U.S. dollar liquidity swap line arrangements.
The swap lines are a set of available standing facilities and would serve as backstops for easing strains in the global funding markets and mitigating the effects of such strains on the supply of credit to households and businesses.
“To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily,” the central banks said in a joint statement.
These daily operations will commence on Monday and will continue at least through the end of April, they said.
The development comes close on the heels of the SNB brokering a deal with Swiss investment bank UBS Group AG (NYSE: UBS) to buy ailing domestic peer Credit Suisse AG (NYSE: CS) for $3.2 billion.
Someone was posting in comments to people saying to get your money out of the banks right now:
geothermal activity under the ocean - That is what they want you to do. So that they may Consolidate to the Too Big To Fail Banks. Once this round up of all your money takes place the CBDC, (The Fed Coin) will be implemented and then they fully control your life. Do not comply, do not help them.
geothermal activity under the ocean - Did you all see Yellen squirming to answer the questions in congress? The Billionaires get a bail out, not you, not regional banks. Continue using your local banks. They want this flight of cash going to the Big Banks. Look at the game they are playing. Same players as the 2008 Financial Crisis. And like the other many crisis's created, then they quickly have the cure. This is the same, a banking crisis they created, and then suddenly have the cure of CBDC of their own creation, back stopped by full control of your life. See how they are ditching or eliminating the FDIC! One would think that would have taken an "ACT of CONGRESS".
I hadn't thought about it this way. I've just heard everyone saying to take money out of our banks now.
Question is .. is this plausible? Is this what they want, to get everyone to withdrawal all their money from their banks so they fail and have to be bought up by a bigger bank?
How was the Great Depression snowballed? You know the answer now. This is precisely what they are trying to do. When the panic sets in and everyone wants their money, Banks start to close down because their cash reserve are far less than their total assets currently tied up in loans and they can’t meet demand for withdrawals. This is why I have not entertained any of the hurry and get your money out dooming I have seen here for the last week. I know better than to support the destruction of society. Those who spread the panic might believe they are warning others, but fail to see they are simply adding to the chaos, and even if not aware, contributing to the collapse themselves.
Good point. Masks don’t work and yet it caused panic just as this is causing panic. Nothing can stop what is coming right? Many say this.
I think the states should separate though. The blue states are gone until people realize they have a constitution that shall not be infringed.
Calm is always good. When 9:11 happened I had just enough gas to get home and i let all the others panic. I said what does another tank of gas do anyways if everything collapses it is better to be patient and wait until it is right in your face.
If chaos erupts there is not enough anything to sustain all who is panicking. We shall see and hopefully we all make it thru this.
This is exactly what I think they are trying to do. Just like with covid and small businesses having to close while Amazon and big box stores remained open. They want to consolidate your money into the big banks who will facilitate the cbdc. I have pulled minimal out, transferred some savings I to checking where I can access it easier and now I'm just watching and listening, and praying.
Devolution Power Hour or X22 mentioned that the other week I think. Elites want the run to snap up the small banks, so hold tight. Withdraw what you need near term and prep but don’t go overboard was the takeaway I had. Edit: It was General Flynn.
And if you pull more than 10,000, it's reported to the federal government because of money laundering.
And they would know about money laundering, wouldn't they?
I think that's changed. a few years back I wanted to withdraw $2500 from my credit union and the teller asked if I was aware that any withdrawal of $2500 or more gets reported. so I changed my withdrawal to $2400.
Oh dear. I just took out more than that but no mention of a change. I will call them tomorrow. Thanks.
Went in today. Asked an officer. It's 10,000 within a 24 hour period. I believe you were lied to. They need your money.
I see two scenarios:
I remember once upon a time being able to have savings. Surplus. Being able to frickin spend 20. on a personal need without it being grocery money. Let's get back to those days again but much MUCH better.
Agreed 100%
There is absolutely no downside to removing your money, leave it in and there is a possibility you end up with nothing.
Or you pull your money out, banks collapse, dollar becomes worthless except for toilet paper or kindling. See Venezuela.
If you leave it in it's still worthless so what's the upside to leaving it in? If you have your money at home at least they can't steal it from you to bail out the big banks.
Called the fiancé just last week. We split bills now but aren’t combining accounts until we are married. I knew he had Wells Fargo. I texted him the sauce from this site (thanks frens) and told him, get your money out of there and let’s go to a credit union. It’s already done. I hate big banks. I’ve had an online bank for years. Once covid shut down my actual bank (credit union) and my forced unemployment benefits were directly deposited, what’s the point of having a brick & mortar? Funny enough, my state partnered with Bank of America, so if you didn’t have a bank account they would offer you the courtesy of opening a BoA account for your unemployment deposits 🙄 yea, no thanks. I’d rather a magical digital business I’ve never seen in person. I trusted them more with my money.
When someone wants to start a panic and stampede and you look up to see who and why it will make more sense. I agree the plan is to break the current system after they have looted it. I am not sure about the money question but I do know when all sides are asking for action we should keep asking questions as to the consequences and unfortunately they point to CBDC great reset type scenarios.
IMO it all (everything!) has to crash to be rebuilt
Telling people to protest by messing with their own banking is unfair. Like a struggling family hanging by a thread does not have enough anxiety already. What, cancel all automatic payments to avoid being charged up the ass with bank fees? Many details to consider. It is only the financially secure that dare dink around with their day to day bank account. If you have beaucoup bucks in other accounts; that's another matter. So.. have you bank issue you CCs for your whopper balances, and then? Put it all in a credit union acct? If banks are going insolvent why would their cashier's checks be dependable? Educate me if I am not seeing reality here.
when the real shit hits the fan always remember NO ONE WILL BE SAYING ALL DAY LONG
think for yourself dont be sheep