I'm confused

[conservativesister]

Just read this post by Dan Scavino on Telegram:

By the end of January 2023 MOST BANKS will literally DISAPPEAR, that is part of their plan, to leave Americans without a penny so they can control us, that means that the money that you have in the bank will also disappear.

How will businesses operate? Why would Scavino post something like this, is there more to it?

[SuperLuminal]

This, if true, will make it a bitch to launch our bass
boat...

[TangoLimaSierra]

You: They won’t. It’s not happening. He’s an idiot. You should unsubscribe.

Me: Dan Scavino is Trump's right hand man. Hardly an idiot.

Having looked further you may be right about it. This is probably a fake account.

Dan is Trump's main guy; just not this faker.

[familyop]

He posted it, because he can get away with it. People who love conspiracy theories and false prophecies love to fasten themselves to characters already proven to be wrong.

[V K Lee]

“Iallegedly”

---

We’ve been watching Dan on a daily basis. His info consists
of ww input.

[Jean2]

So does this mean that when I go to the bank to get money out; the bank will time coins?

[Jean2]

Not to mention mine full of ones.

[RoosterRedux]

Were you familiar with the workings of the subprime mortgage market?

[ransomnote]

No. It’s digital currency so we will have online accounts that we access without ever handling physical money. We access it if and when the Biden regime says we can access it.

[patriot torch]

I think he’s been ahead of the curve on the financial forecast. And his videos are actually enjoyable to watch.

Been watching Dan’s videos for over a year.

[familyop]

"I don't HAVE ANY MONEY!"

"Tell that to my wallet full of 100's."

You...you...! ;D

The frequency of false prophecies and conspiracy theories seems to be increasing. That makes them look even more weird. The faster they come and go, the more adherents want to gobble them.

[Lazamataz]

The frequency of false prophecies and conspiracy theories seems to be increasing. That makes them look even more weird. The faster they come and go, the more adherents want to gobble them.

The problem is, Conspiracy Theories have been so right so often that some of us now call them Spoiler Alerts.

[nickcarraway]

If there are no banks, where will the rivers go?

[DannyTN]

Somewhat.

I understood how they would dice up mortgage payment streams into short term maturities and longer term maturities. They could sell the short term maturities to money market funds who had a very strong appetite for them.

Then they would take the longer term payments and sell them to investors seeking higher rates. And those investors had little interest in short term payments.

Unfortunately when the recession hit and mortgages failed. The long term riskier assets disappeared completely. But what roiled the market was when there was enough defaults on short term mortgage payments that one of the Money market funds broke the dollar.

That was the point where the banks stopped lending. And then W went on the news and assured the nation that we were in a crisis. And if we weren’t before, we were then. Im not sure he had any options, but there were warnings earlier that should have been addressed.

[familyop]

This is only my opinion, and I’m not a financial advisor.

But the economy looks like the early 70s right now. The Fed is causing interest rates to go up in an effort to cool down (slow) the economy. With landlords and other real estate interests clinging to property so much, it may be a long and difficult process.

While real estate hoarders, price jackers and retail owners push us to spend, it might be wise to save money and avoid debt. Investments that involve risk might need to wait for the markets to get near the bottom sometime during the next few years.

[DannyTN]

Disposable income. You can't really see the disposable income impact in 2007. But you can see it now.

Oil Price: You can clearly see the oil price spike in 2007 and the one we're in now. But we have gotten some temporary relief.

Unemployment: You can see the rise in unemployment from Jan 2007 to Oct 2008. THAT is why mortgages failed. We're not seeing a rise in unemployment yet. But with oil prices up and disposable income down, and tech sector layoffs, it's certain to happen.

If you go to Fred and look at the chart, you can place your cursor on a spot and it will tell you the month and year and the value.

FRED: Unemployment Rate

[Openurmind]

Yep, and this is what pisses me off as a rural person.

Aside from the fact that once it is done digital who can you go personally catch and complain to? You won’t, can’t and will be stuck with whatever they want to do to you.

They will ignore your emails, and if you email to many times they will mark you as spam. So it will become one sided business period.

“Their way like it or not” or nothing period. They will own you as a customer and you will not be able to do a damned thing about it.

[bagster]

I only clicked on this thread cause I thought maybe that Humble the Bumpkin finally had a breakthrough.

#NoJoy

[familyop]

Some banks will fail during a stagflation situation but not all banks. The banks that I saw closing during the 1980s were small banks in small towns. There might have been larger banks closing, but I didn’t notice any. Was busy with other things and not paying much attention back then.

[bitt]

p

[bitt]

fake scavino poster but....