Banking - Page 2

TominMO · 03-14-2023, 09:15 AM

Quote:

Originally Posted by Wild Dog

From my own experience if possible withdraw all the money you can.
If we sum everything that's been going worldwide, there is a good chance that many banks in the US will limit how much money they allow to withdraw

Agreed!

Real estate, physical gold and silver, food, vehicles, other tangibles and barterables.

Failure to prepare is preparing to fail.

Texas Pete · 03-14-2023, 09:18 AM

Currency is an illusion, it always has been. Just numbers in a computer.

Time to bring out this classic if you never have seen it, Episode 4. is a good explanation for what is happening at the moment.

Texas Pete · 03-14-2023, 09:22 AM

Just don't tell anyone that the emperor has no clothes...

Or that the FDIC only has a few hundred billion in assets it can sell to cover more than a trillion in deposits in "FDIC insured" bank accounts...

That's why you see all the foreign bank stocks going down on the news even with the President trotted out on Monday morning to assure the world all is well. Or that the closed door central bank meetings that some public footage was out on YouTube showed them openly discussing this before it happened and that at all costs the information must be released on a Friday Evening so that all the banks were closed and folks could not immediately go out and do a bank run and instead had to stew over the weekend before the President gets his message out that all is well, have faith, continue the faith in the system.

Or that during the pandemic the Fed changed the Fractional Reserve Lending rate all the way down to ZERO percent and they could unlimited print and generate exponential new money in the economy.

See video above to understand what Fractional Reserve Lending is and what its impact truly is on the economy.

TominMO · 03-14-2023, 09:38 AM

Quote:

Originally Posted by Texas Pete

That's why you see all the foreign bank stocks going down on the news even with the President trotted out on Monday morning to assure the world all is well. Or that the closed door central bank meetings that some public footage was out on YouTube showed them openly discussing this before it happened and that at all costs the information must be released on a Friday Evening so that all the banks were closed and folks could not immediately go out and do a bank run and instead had to stew over the weekend before the President gets his message out that all is well, have faith, continue the faith in the system.

Or that during the pandemic the Fed changed the Reserve Banking Lending rate all the way down to ZERO percent and they could unlimited print and generate exponential new money in the economy.

I am considering revising my opinion, based solely on your user name, that you are merely a lariat-twirlin', TGIF six-gun shootin' cowpoke from Tejas.

minimac · 03-14-2023, 09:43 AM

Quote:

Originally Posted by Sport Rider

as there are FDIC insurance levels, unless you have $ in the bank above that limit, you're not at risk.

The FDIC does not and cannot cover every deposited dollar. The big dogs will be "to big to fail", bailed out by everyone else's money. That's why the gov't is trying to ban crypto-except their own. Look at history. It doesn't lie. You don't have to be a weatherman to know which way the blows.

Sport Rider · 03-14-2023, 09:45 AM

Quote:

Originally Posted by TominMO

Almost everyone with a bank account knows this, true. But the point is about access to the money in the accounts. The bank does not have to give it to you on demand. If we have another giant financial crash like in 1929, the banks can save themselves. Then eventually you will get your (greatly devalued) money.

The banks do not keep cash on hand to meet 100% demand on all accounts. More like 1%. That is fractional reserve banking. https://www.investopedia.com/terms/f...rvebanking.asp

A major crash also gives credence to those pushing for a CBDC (central bank digital currency). You're going to hear a lot more about this in the future. In everyday human affairs, centralized is a bad thing, and decentralized is good. It's all about who has the control.

Actually, the FDIC guarentees up to 250k, so there is reasonably quick access to it when the FDIC takes over the bank (which it did with the two banks last week). if your deposits are above that, there's still a good chance of getting your $ with a wait as long as the banks have "good" assets backing their deposits. FDIC will find another bank to buy the assets making the $ liquid and then further deposits above the 250k are paid out.

What I find interesting in this case is that the FDIC is guarenteeing all deposits, even above the limit. they plan to do a special assessment on all banks to cover the deposits.

As for the crash of 29, the FDIC was not in place at that time. it's one of the things the federal govt established to avoid the event in the future.

Texas Pete · 03-14-2023, 09:55 AM

Wild Dog · 03-14-2023, 12:42 PM

Quote:

Originally Posted by Texas Pete

Currency is an illusion, it always has been. Just numbers in a computer.

Cryptobros have it worst....

At least the USD is backed by "something".

Been selling and building mining rigs to some of client at the same time telling them it was a bubble... BUT they knew better...

Rich one are just having a laugh like "Ohh i lost money, whatever i can make more"

But those who did invest more than they should have are now crying and trying to sell their gpus...

2LZ · 03-14-2023, 12:46 PM

Just stay away from my beer!!!!!!!!!!.....and everything will be JUST FINE!

herbie · 03-14-2023, 01:23 PM

Quote:

Originally Posted by 2LZ

Just stay away from my beer!!!!!!!!!!.....and everything will be JUST FINE!

I don’t think that’s what they meant by liquid assets

TominMO · 03-15-2023, 08:18 AM

More info on the SVB bailout. Yellen broke the FDIC rules to make sure the fat cats were paid off. "The rules" do not actually apply to the rich and powerful. Just us pesky unimportant little people.

https://www.naturalnews.com/2023-03-...g-workers.html

Tucker Carlson had a revealing segment on it last night. Search on YT for Tucker: This was a disaster for America.

GypsyR · 03-15-2023, 10:13 AM

Carlson? After his lawyer defended him in a slander case by stating "The "'general tenor' of the show should then inform a viewer that [Carlson] is not 'stating actual facts' about the topics he discusses and is instead engaging in 'exaggeration' and 'non-literal commentary.' " I find it hard to believe people use him as any kind of reference. By the way, if you didn't know, the judge agreed that nothing about his show should be taken seriously and let him off the hook. All of which is a matter of public record.

Wild Dog · 03-16-2023, 12:18 PM

Domino effect

https://www.euronews.com/2023/03/16/...ited%20States.

03-14-2023, 09:18 AM	#17
Texas Pete Join Date: Nov 2022 Location: Dallas TX Posts: 580	Currency is an illusion, it always has been. Just numbers in a computer. Time to bring out this classic if you never have seen it, Episode 4. is a good explanation for what is happening at the moment. __________________ 2022 1/2 Templar X 250 - 6 gear model - 13 Front / 40 Rear Sprockets - #42 / #120 Jets - 1mm thick nitrile O-ring needle shim (removed) - Kenda K761 Dual Sport Tires - Sedona Standard Thickness Inner Tubes - Stock OEM battery, carburetor, spark plug still going strong - https://youtu.be/dhAYEKH-jFQ Texas Pete's Templar X 250 Torque Specifications Sheet Texas Pete's Engine Displacement Calculator Texas Pete's Tire and Rim Compatibility
	1

03-14-2023, 09:22 AM	#18
Texas Pete Join Date: Nov 2022 Location: Dallas TX Posts: 580	Just don't tell anyone that the emperor has no clothes... Or that the FDIC only has a few hundred billion in assets it can sell to cover more than a trillion in deposits in "FDIC insured" bank accounts... That's why you see all the foreign bank stocks going down on the news even with the President trotted out on Monday morning to assure the world all is well. Or that the closed door central bank meetings that some public footage was out on YouTube showed them openly discussing this before it happened and that at all costs the information must be released on a Friday Evening so that all the banks were closed and folks could not immediately go out and do a bank run and instead had to stew over the weekend before the President gets his message out that all is well, have faith, continue the faith in the system. Or that during the pandemic the Fed changed the Fractional Reserve Lending rate all the way down to ZERO percent and they could unlimited print and generate exponential new money in the economy. See video above to understand what Fractional Reserve Lending is and what its impact truly is on the economy. __________________ 2022 1/2 Templar X 250 - 6 gear model - 13 Front / 40 Rear Sprockets - #42 / #120 Jets - 1mm thick nitrile O-ring needle shim (removed) - Kenda K761 Dual Sport Tires - Sedona Standard Thickness Inner Tubes - Stock OEM battery, carburetor, spark plug still going strong - https://youtu.be/dhAYEKH-jFQ Texas Pete's Templar X 250 Torque Specifications Sheet Texas Pete's Engine Displacement Calculator Texas Pete's Tire and Rim Compatibility Last edited by Texas Pete; 03-14-2023 at 10:00 AM. Reason: Acronym Fix
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03-14-2023, 09:55 AM	#22
Texas Pete Join Date: Nov 2022 Location: Dallas TX Posts: 580	__________________ 2022 1/2 Templar X 250 - 6 gear model - 13 Front / 40 Rear Sprockets - #42 / #120 Jets - 1mm thick nitrile O-ring needle shim (removed) - Kenda K761 Dual Sport Tires - Sedona Standard Thickness Inner Tubes - Stock OEM battery, carburetor, spark plug still going strong - https://youtu.be/dhAYEKH-jFQ Texas Pete's Templar X 250 Torque Specifications Sheet Texas Pete's Engine Displacement Calculator Texas Pete's Tire and Rim Compatibility
	1

03-14-2023, 12:46 PM	#24
2LZ Join Date: Mar 2010 Location: Volcano, Ca Posts: 7,096	Just stay away from my beer!!!!!!!!!!.....and everything will be JUST FINE! __________________ "Light a fire for a man, and you heat him for a day. Light a man on fire, and you heat him for the rest of his life." 2007 Suzuki DRZ400S (SM convert) 2009 Q Link XP 200 1967 BSA B25 250cc Starfire 2022 Royal Enfield Interceptor 650 2023 Royal Enfield Scram 411 1948 Royal Enfield Model G 350
	1

03-15-2023, 08:18 AM	#26
TominMO Join Date: Sep 2021 Location: De Soto, MO Posts: 1,878	More info on the SVB bailout. Yellen broke the FDIC rules to make sure the fat cats were paid off. "The rules" do not actually apply to the rich and powerful. Just us pesky unimportant little people. https://www.naturalnews.com/2023-03-...g-workers.html Tucker Carlson had a revealing segment on it last night. Search on YT for Tucker: This was a disaster for America. __________________ 2021 Lifan Xpect--sold 2022 Lifan KPX 1972 Honda CT90--The Carrot 1969 Honda CT90--The Tomahto Cheesy is the WDK (workplace drama king). Now retired. Nope, back in the saddle. Climate: The Movie https://www.youtube.com/watch?v=A24fWmNA6lM How our government really works https://www.youtube.com/watch?v=QjadCd0VRBw Question all authority.....think for yourself Last edited by TominMO; 03-15-2023 at 09:00 AM.
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03-15-2023, 10:13 AM	#27
GypsyR Join Date: Feb 2023 Location: Upstate SC Posts: 285	Carlson? After his lawyer defended him in a slander case by stating "The "'general tenor' of the show should then inform a viewer that [Carlson] is not 'stating actual facts' about the topics he discusses and is instead engaging in 'exaggeration' and 'non-literal commentary.' " I find it hard to believe people use him as any kind of reference. By the way, if you didn't know, the judge agreed that nothing about his show should be taken seriously and let him off the hook. All of which is a matter of public record.
	3

03-16-2023, 12:18 PM	#28
Wild Dog Join Date: Dec 2016 Location: Argentina Posts: 756	Domino effect https://www.euronews.com/2023/03/16/...ited%20States.
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