Name 1 reason why you're not going to take your money out of the bank on monday
Name 1 reason why you're not going to take your money out of the bank on monday
Falling into your wing while paragliding is called 'gift wrapping' and turns you into a dirt torpedo pic.twitter.com/oQFKsVISkI
— Mental Videos (@MentalVids) March 15, 2023
>the sky is falling
you do realise the point of the movie was that chicken little was right in the end
he wasn't, THOUGH.
which bit of 'aliens literally invading the planet' was 'him being wrong'
>movie
fuck off, zoomie
ok boomer
Because I don't keep money at banks for more than 1 month of spending ahead
Because it’s a nothing burger
They are slowly torturing us not quickly pulling the trigger
Because SVB was literally a nothingburger.
A bunch of rich entitled twats who don't understand transactional courtesy, wailed and shit themselves in the lobby when the bank needed a week or two to prepare to furnish billions of dollars in withdrawals.
>Because SVB was literally a nothingburger.
Your happening receptors have been so thoroughly burnt out it would take another KT-extinction event for you to admit something significant has happened.
I trust the israeli regulators who previously worked at banks for decades
I don’t have a house to keep it in
because if i take it all out i'll be investigated by HMRC for fraud and it'll be a pain to make any large purchases with my money in the case that it doesn't go bust
i'm just diversifying, if my bank goes bust i'll be fine, i've got enough cash and food to last me about 6 months if i'm frugal, plus i've got a bunch in crypto (not in an exchange because i'm not retarded)
*fraud and laundering
Because I have 200k in crypto in self storage and only 5k in cash in the bank to pay for bills online. I got food, water, and ammo to last 6 months. Let the bank crash.
Based anon, I also hold 80% of my net worth in crypto non-custodial wallets like Sylo or Exodus with the remaining 20% spread across Silver and Cash.
Because my bank isn't retarded and is about as far away as possible from a techbro, roastie, venture capitalist homosexual ass, crypto, bagholder, California Bank.
This for me as well. Nothingburger and we get to watch techies get fucked
>his money is in a bank
You will never make it
Because I took it all out 30 minutes ago. Bring on the Wells Fargo crash.
I have like $160 in the bank dude, il just order groceries or something
don't have anywhere to put it and i only have $5k which is FDIC insured anyway
there’s not enough in the fdic pot to cover all fdic insured deposits
They have a printer.
You'l need to spend your money before they start printing more. It'll take weeks at least for the politics and logistics to work out printing more, all the while everyone is selling their dollars as quickly as possible.
>lots of banks fail come Monday
>FDIC doesnt have enough money to cover all of the insurance costs
>Fed prints money for FDIC to cover insurance costs with
>money printing causes inflation
>inflation causes money to lose purchasing power
>you get your money back from the FDIC, but you dont really get your money back because it wont buy what it could buy before due to the inflation created by Fed printing so you could get your money back
>FDIC says its obligation to you is fullfilled and that you need to get lost and be happy
Checkmate bank customers. There is no scenario where the FDIC can protect you from a financial crisis, they are really only helpful if your bank gets robbed, but even then you wont need FDIC insurance anyways because your money was never there in the first place due to fractional reserve banking.
The FDIC is an empty promise made by FDR so he could restore the citizens confidence in banks so that he could then justify stealing those same citizens gold which is what ACTUAL money is. Have fun deposities.
you posted a thumbnail anon
anyway here's a fresh screencap for you and sauce, but in keep in mind both names are israeli
https://twitter.com/BillAckman/status/1634662286844411904
printing causes inflation
Not true in this case.. Unless you go out and spend the newly printed money, it's numbers on a page. Just like your current deposits.
I only have $150 in the bank. thats the risk I can handle.
i'm not american
took it out Thursday
the usefulness of large amounts of physical cash is low, and the risk is high
realistically the best thing you can do to get out of cash is put it into other asset classes, but in a liquidity crisis, that's the worst thing you can do short term
the masses will get fucked
we (you) are the masses
get ready
Lucky you I only got $9
Time to buy more ammo and beans.
I just don't care
I'm running out the clock
I took it out yesterday
Because Jim Cramer reassured everyone yesterday that the banks are safe.
I have $14.88 in my checking account and I'm going to go spend it on pizza before start of business on monday.
I don't have any money in the bank. I keep all my money in bitcoin and sell as needed when I need to pay bills.
Do you realize that bank runs can completely wreck the financial system and propel everybody back into the Stone Age? Why would yoh stress the already strained liquidity situation by needlessly withdrawing your deposit when you don't even really need it? If people just kept their cool and stopped freaking out at every little bump on the road nobody would lose any money cause the bank in question would recuperate their losses through short term borrowing in the money/capital market and get back on its feet in a couple months. You're all retards.
You are retarded for believing in the banking system and that they will help you if you just comply
>why yes, I do read the Un*bomber manifesto every night before bed and believe I can survive in nature despite being a skinny fat urban whimp raised entirely on processed garbage and GMOs, how could you tell?
your mistake is thinking i care if i survive. a violent death is preferable to me.
>Do you realize that bank runs can completely wreck the financial system and propel everybody back into the Stone Age?
uh
yeah
why do you think i want it to happen?
>we have to keep everything going to ensure the naggers keep getting their gibs and hoping they don’t burn down the cities on a whim or because they couldn’t use their ebt cards for a couple of hours
Burn it down.
>The system will crash if you get YOUR money out of YOUR bank account
Good. Fuck this israeli system.
israelites and elites will not allow that to happen. Anarchy would rob them of their power and control. They fuck normal people over a lot but when it comes to the fabric of society they will gladly sacrifice one of their one to save the entire Matrix (see Lehman Brothers or Jeffrey Epstein).
When you put it like this I feel like I almost have amoral obligation to go pull all my money out. In fact I think I might be an immoral actor if I don't....
>wreck the financial system
I am suppose to feel bad that the seven figure paid banker could 'suffer' a loss???
FUCK NO!
It is MY money and I want it!
>Do you realize that bank runs can completely wreck the financial system and propel everybody back into the Stone Age?
this generally happens because central banks and their jackals cause it to happen:
>Next in an unbelievable fit of honesty for a banker, Biddle admitted that the Bank was going to make money scarce to force Congress to restore the Bank: "Nothing but widespread suffering will produce an effect on Congress.... Our only safety is in pursuing a steady course of firm restriction - and I have no doubt that such a course will ultimately lead to restoration of the currency and the re-charter of the bank." Nicholas Biddle
>What a stunning revelation. Here was the pure truth, revealed with shocking clarity. Biddle intended to use the money contraction power of the Bank to cause a massive depression until America gave in.
>By 1907 the year after Teddy Roosevelt's re-election, Morgan decided it was time to try for a central bank again. Using their combined financial muscle, Morgan and his friends were secretly able to crash the stock market. Thousands of small banks were vastly overextended. Some had reserves of less than 1%, thanks to the fractional reserve principle. Within days bank runs were commonplace across the nation.
>You are retarded for believing in the banking system and that they will help you if you just comply
i'm inclined to agree
I don't have any
I'll probably draw some of it out. Used to do it all the time but got lazy.
I only keep enough in there for about a months bills. my paycheck hits every other Thursday and I just withdraw 70% of it. I do all my transactions using a 2% cashback card linked to that account and pay the card off every 3 days. imagine unironically giving the bank an interest free unsecured loan to gamble with in these uncertain times.
>People "keep" their money in a bank
I’m incredibly lazy.
If everyone does that won't it make things way worse? Isn't that what caused the problem to begin with?
Maybe they should have had the funds on hand instead of engaging in fractional reserve banking and making dollars up out of thin air.
To be fair, it was a no name tech bro bank.
>35 y/o, established bank
>2nd largest bank failure in us history
>It's just a no name bank
19th you slack jawed troglodyte
>Retards with no reading comprehension are attempting damage control
because I will do it tomorrow?
Man, idiots like you are going to CAUSE that crisis.
Inwish the normies all did and we get something happen for real rather than nothingburgers.
>having anything more than what's needed for bills in the bank
You guys are absolute fucking morons.
Saving is a different form of expenditure if you hide your money under the carpet it'll keep losing purchasing power on account of inflation retard. Storing deposits in bank = beating inflation and earning some small interest on top of it all.
Nice job outing yourself as a gov shill as if you didn't by your last 2 posts
holy fucking shit
My band is FDIC insured and my balance is less than 250K, so my risk is close to zero
FDIC doesn't have enough money to cover everyone if bank runs kill off a bunch of the regional and small banks retard
Because I am in Australia and literally nothing happened here in 08 might lose some money in super that's about it. Big FuCking deal you wimps.
Lol. Don't actually admit you're from Australia lmao. You l9ve in a prison colony where you need to ask permission to leave your home. Kek. Holy shit. I have neve seen a white society so cucked in my life. I'd tell you to shoot yourself but you gave up your right to bear arms for "safety". Lmao. Pathetic homosexual
Because I have less money than the deposit insurance.
>take your money out of the bank on monday
Hitting the ATM today and tomorrow. At least I'll have $400 dollars.
hows the gold and silver looking?
Both markets are closed.
I'm banking with a Maple Leaf bank, the safest in the world.
You fucking LULZ cum gurgling naggers need to be extinguished.
Lazy.
i'm going to move 35k from bank into my brokerage account and buy gold stocks just for the lulz. even if i lose 70% it will be worth it.
I should probably do it tomorrow.
>Name 1 reason why you're not going to take your money out of the bank on monday
i got my money out of crypto in 2021 and out of the bank last year, i put 95% of my money into government bounds, my government has a savings product designed for citizens, it's pretty good, currently has a 4% rate, better than losing all my money playing stock market kaboom, gonna leave my money there until the market capitulates
I ditched the bank a long time ago. Once I get my salary I take it out immediately and invest some percentage while I keep just a little for spending. Defi is more reliable
If you keep a bunch of cash in a checking account you're doing it wrong anyways. If you have a savings account, just end yourself now, there is no hope for you.
Under a mattress is better, right?
You really can't think of any other places to keep wealth than a bank or hidden somewhere in your house? Your IQ has to be sub 90
Because my bank is relatively safe and my money is insured in the worse case scenario. If a high street bank in the UK were to fall it would be catastrophic in magnitude, were not there yet frens 🙂
you do realise the FSCS doesn't have enough money to ensure everyone in the event of catastrophic bank failure right?
Because there are no diversity hires managing my wealthy lil flyover bank
what should I do if I have a lot of money that I need to access in a fairly short time? Let's say I have a million in the bank (I'm not totally retarded it was inheritance) but I want to buy a house in this country when prices drop more which i'm expecting to happen between 6 and 12 months from now. So I can't have that much in cash and I already have a fair bit of bullion. should I buy short term government bonds? I want to make sure I can access the $ when I'm ready to buy a house
Checked and yes, basically you're right. Go on etrade or whatever online stock broker and buy US government treasury bills expiring around the time you think you want to buy. If you have any questions call the broker's phone line I think they'll explain to you how it works if you ask. Just be prepared to lose a little money on the broker's fee (since you're buying like a million in bonds).
Thanks anon
Anyone here know if the $250k insured is per person per bank? Or just per person? What if you have money in two banks that go tits-up?
Per named person, per bank, and per account type. You could theoretically have greater than 250k in a single FDIC insured bank if it is split, for example, across a savings account, a CD, etc. I believe accounts with multiple owners are also considered 'separate' from single owner accounts.
Not like it matters, federal entities are broke, lmao. Enjoy 250k worthless papers.
Lazy
I don't need the banks anymore. After all, I can pay for stuff with crypto online with the CryptMi app. What else? I got a card to use online also, so fuck the banks.
Because LULZ (collectively) is saying to do it, and you should always trade opposite of the LULZ collective conscience.
I'm working and I hate going to banks
I only have like $7000 total cash in my collective bank accounts. Rest is in stocks.
1) i'm not an ameriburger
2) i'm a responsible adult, so i only have pocket money in banks. most of my portfolio is crypto
because if banks go down your FIAT is worthless anyway
it's just a simulation, anon. Quantitative resetting on the way.
>Name 1 reason why you're not going to take your money out of the bank on monday
I have NONE!
all my money is in pokemons
There's no money in my bank
Laziness
Too late! Tried to take $500 out today and was told no, can't even get $50 out right now.
I store all my money in the form of rare pepe nft's.
nothing ever happens
My bank only lets me withdraw $600/day
you can get around withdrawal limits by purchasing crypto
i put all my money in link
1. I have no money to take out
2. Ye I think number 1 is sufficient enough reason
because I already did. Fuck the bankers. All my money is in gold and silver. 1% in crypto. Paid off my house and car. Gonna watch the world burn.
What's more likely to be alright - stablecoins or Chase Bank?
I've only got like 10k in there but still
I Canadian
fascinating
I trust the banks
I don't have 250k in the bank
I have zero money
because I'm not a third world bug