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I'm confused

Posted on 11/24/2022 2:23:25 PM PST by 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?


TOPICS: Miscellaneous
KEYWORDS: anotherstupidvanity; banks; danscavino; fake; fakenews; forclicksandviews; hysterics; imconfused; nutjob; qtardfantasy; qtardgarbage; senddonations; vanity
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1 posted on 11/24/2022 2:23:25 PM PST by conservativesister
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To: conservativesister

Not likely...


2 posted on 11/24/2022 2:26:25 PM PST by GOPJ (Unsolved crime? Jump to the conclusion the killer is a LGBTQIA2S+ (Turn about's fair play.))
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To: conservativesister

Not sure if this was the direction you were headed, but have you ever heard of bank bail ins, vs tax payer bail outs?


3 posted on 11/24/2022 2:26:33 PM PST by patriot torch
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To: conservativesister

This is just as bad as The View. Banks will NOT vanish.


4 posted on 11/24/2022 2:26:48 PM PST by Kaiser8408a (z)
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To: conservativesister

Should I be concerned?


5 posted on 11/24/2022 2:26:52 PM PST by Not_Who_U_Think
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To: Not_Who_U_Think

Uh no this guy is probably sniffing magic markers before he posts


6 posted on 11/24/2022 2:27:38 PM PST by Lod881019
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To: conservativesister

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


7 posted on 11/24/2022 2:28:25 PM PST by discostu (like a dog being shown a card trick)
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To: conservativesister

Don’t trust anything that has “literally” in it.


8 posted on 11/24/2022 2:29:01 PM PST by Allegra
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To: conservativesister
Biden approved the shift to cryptocurrency, so that paper money will disappear. The shift is supposed to happen Dec 12, 2022, if I remember correctly.

9 posted on 11/24/2022 2:29:02 PM PST by ransomnote (IN GOD WE TRUST)
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To: conservativesister

Cocaine is really bad for you...makes you paranoid...the guy needs to lay off of it.

;-)


10 posted on 11/24/2022 2:29:29 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: conservativesister; Roman_War_Criminal; metmom; Maudeen; 444Flyer; null and void; bagster; ...

He must be talking CBDC

If December 2022 is the kickoff

Dunno


11 posted on 11/24/2022 2:30:24 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: conservativesister
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.

HA!

The JOKE IS ON THEM!

I don't HAVE ANY MONEY!

12 posted on 11/24/2022 2:30:27 PM PST by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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To: conservativesister

wanna post said link?


13 posted on 11/24/2022 2:31:14 PM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Kaiser8408a

But nationalized...?


14 posted on 11/24/2022 2:31:32 PM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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To: ransomnote

Paper money already disappeared. Crypto’s got nothing to do with it. And the federal crypto project is not a “shift” it’s a desperation move to try to stay relevant in a world that is abandoning government control.


15 posted on 11/24/2022 2:31:43 PM PST by discostu (like a dog being shown a card trick)
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To: discostu
Paper money already disappeared.

Tell that to my wallet full of 100's.

16 posted on 11/24/2022 2:32:32 PM PST by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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To: conservativesister

I have read that there was legislation passed following the housing bubble collapse in 2008 which calls for a bank bail out, but instead of tax payers bailing out the insolvent collapse of a bank, it would instead be the members of the bank:

Bail-ins allow banks to convert debt into equity to increase their capital requirements. They shift the risk to unsecured creditors, including depositors whose account balances exceed the FDIC limit of $250,000.

I do believe this will happen in the not to distant future.

I learned first of this watching a daily podcast on YouTube known as Iallegedly.


17 posted on 11/24/2022 2:32:39 PM PST by patriot torch
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To: ransomnote

Read the fine print.

https://freerepublic.com/focus/f-news/4109428/posts

Key words:

—Simulation
—Determine whether the project is feasible

I will let you know when to get hysterical.

;-)


18 posted on 11/24/2022 2:33:03 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: conservativesister

Apparently there is good money and good publicity in doomsday warnings.

There might be a liquidity crisis coming similar to the one in 2008.

The Federal Reserve already has tools to deal with it if it happens.

Most deposits in banks are insured up to $250,000 per individual per bank by the FDIC. So even if the Federal Reserve allowed the whole scale failure of banks. (Highly unlikely) You’d still get your money back, it just might take a while.


19 posted on 11/24/2022 2:34:07 PM PST by DannyTN
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To: mewzilla
Then again, they might not need to do that...

Brazil's Supreme Court freezes dozens of bank accounts over trucker protests

20 posted on 11/24/2022 2:34:16 PM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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