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?
Not likely...
Not sure if this was the direction you were headed, but have you ever heard of bank bail ins, vs tax payer bail outs?
This is just as bad as The View. Banks will NOT vanish.
Should I be concerned?
Uh no this guy is probably sniffing magic markers before he posts
They won’t. It’s not happening. He’s an idiot. You should unsubscribe.
Don’t trust anything that has “literally” in it.
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.
Cocaine is really bad for you...makes you paranoid...the guy needs to lay off of it.
;-)
He must be talking CBDC
If December 2022 is the kickoff
Dunno
HA!
The JOKE IS ON THEM!
I don't HAVE ANY MONEY!
wanna post said link?
But nationalized...?
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.
Tell that to my wallet full of 100's.
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.
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.
;-)
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.
Brazil's Supreme Court freezes dozens of bank accounts over trucker protests
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