It must be a serious balancing game for the white hats to pull down the banks without causing death and destruction to ordinary people. How will they achieve it?
I have an idea. I think they'll change the terrain so that normal people can squeak through but high throughput corrupt people will be starved of cash flow. I think they will use deposit insurance to keep ordinary populus going until the bad actors are removed. If that happens, it's going to be tough!
What if it’s all a show? They seize the elites assets under the guise of a “bank collapse” where everything disappears except fdic deposits (up to $250k — basically everything the elites have and nothing from the plebs. If a couple banks “collapse” but not all of them, they can have cover to seize assets from bad actors but not from wealthy good actors.
For example: in SVB they gave some money back in excess of fdic deposits. Who made the decisions about who gets their money back and who doesn’t? Was it all part of a seizure of ill gotten gains?
All of the big players are going to have their assets seized. I would assume this will be more than sufficient to cover anyone (that's not DS) that is above the $250,000 limit.
It must be a serious balancing game for the white hats to pull down the banks without causing death and destruction to ordinary people. How will they achieve it?
I have an idea. I think they'll change the terrain so that normal people can squeak through but high throughput corrupt people will be starved of cash flow. I think they will use deposit insurance to keep ordinary populus going until the bad actors are removed. If that happens, it's going to be tough!
That seems possible. Maybe only verified cash from actual jobs and such is usable, and mystery cash like the Biden accounts is not.
What if it’s all a show? They seize the elites assets under the guise of a “bank collapse” where everything disappears except fdic deposits (up to $250k — basically everything the elites have and nothing from the plebs. If a couple banks “collapse” but not all of them, they can have cover to seize assets from bad actors but not from wealthy good actors.
For example: in SVB they gave some money back in excess of fdic deposits. Who made the decisions about who gets their money back and who doesn’t? Was it all part of a seizure of ill gotten gains?
Don't the criminals store their money in off shore accounts, like Panama?
Except fdic has little money to cover the the plebs. In the event of a bank collapse they will give you worthless bank stock.
All of the big players are going to have their assets seized. I would assume this will be more than sufficient to cover anyone (that's not DS) that is above the $250,000 limit.
Yeah, I'm not comfortable with all the fallout.