"What's going on at the bank?"
It isn’t your money, you GAVE it to the banks, they just owe it to you
Can’t wait for Grok to tell us what politicians are really up to ,LOL
It’s not exactly a secret that the banking system is at risk of insolvency over their investments in bonds and treasury bills that are underwater due to the increase in interest rates. The only thing holding it all together is that there hasn’t been a run on the banks... yet.
"What's going on at the bank?"
Mr. Potter will give them 50 cents on the dollar!
The commercial real estate price tag is coming due, and they are going to be many bank defaults this month. It’s going to hurt everyone.
Thank goodness the Biden Administration didn’t do stupid things with the people money so that the Fed could print enough to get through the banking crisis |Sarcasm...
At least we don’t have selective prosecution, and we have real justice in America to fall back on when the above causes pain. |Sarcasm...
This must be the Normal DiNero and Kimmel were talking about with Biden.....
Fearmongering nonsense.
F’in WELLS. These pc bs artists. Removed 4000 plus and put into Fidelity. Chase is OK too as far as I have interacted with them
This year is the 95th anniversary of the stock market crash of 1929.
Not to worry. The vast majority of US currency is abroad (it’s used as foreign reserves for international trade). When, not if, the US$ loses its position as the world’s reserve currency, all that currency will flow where? In the meantime the FED can just keep printing and whistling. What’s coming will be a real bugger.
Fidelity badgered Dad for a DAY with all kinds of inappropriate questions when
he wanted to help his Active duty USAF Grandson’s family replace a failing
automobile. They only finally released the money when he voiced suspicion
that they no longer had his money to release.
We didn’t think it be like that, but it do.
Huh?
Let's say I take $1000 out of my bank to buy some ones and zeros which are somehow more valuable than other ones and zeros. So I go to Crazy Jan's Bitcoins and Tulip Bulbs and give Jan a stack of hundred dollar bills for his ones and zeros. Jan now has a thousand dollars where he has to put somewhere. He could put it under his mattress, thus reducing the multiplier effect of fractional reserve banking. But more likely he will put it back into a bank. Net effect on the banking system: zero.
Not surprising since 97% of money is digital.