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?
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.