Do you understand what the head of JP Morgan Chase Bank just said
(finance.yahoo.com)
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Jamie Diamond is saying the next banks to fail, and he knows which one(s), will be Bailed In, not Bailed Out. Depositors money will be used to save the banks.
They’re telling us what’s going to happen.
So if their theft doesn’t work, they’ll resort to theft. Got it.
It's okay. It's not rape if they tell us about it before they do it, right?
Unless your brokerage is a part of the damage.
Michael Burry of Big Short Fame, just did it again last month.
u/#burry
"It's not rape rape" - Whoopi
Your silence is approval
I didn’t ever consent to any of the machinations of the elite bloody families, the corporate money changers, the crimes against humanity or a Congress that gets paid way too much!
Right. But I am posting it. I know they visit here, and I want them to understand how profoundly negative a cause they have made and the resulting effect that will come back to them. The wonderful law of cause & effect is strict and unemotional. What goes around comes around. What you sow, so you reap. Cryptic messages or visuals in movies, television or written in books many not even be viewed or read by the world population & does not equate to asking for permission. And silence is not acceptance. Such stupidity.
From what I have been reading a bail-in is just not on the table. A bail in can only happen one time. The system would implode right after it happened. Without trust in the banking system, no matter how misguided that trust is everything collaspes.
Also as of right now it is too easy for the people in control to print free money before they would be forced to allow a bank bail-in.
Then again anything is possible. I went crazy paying off my mortgage this year. I had a 30 year mortgage that I paid off in a little over 7 years. I did it just for this reason. On th eoutside chance that there was a bail-in you could lose your deposits..even the FDIC insured deposits. Yet you still have to pay off your loans.
Mathematically anybody that qualified for a 30 year mortgage can pay off that mortgage within 7-9 years as long has their income is still qualified (The qualification is based on the interest rate they are paying not whatever the current interest rate is)
Isn't that what they did with SVB
https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp