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?
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?
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.
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.
Apparently this same guy tweeted out that JFK Jr was still alive. He died in 1999.
The great majority of conspiracy theories are untrue because human beings are grossly incompetent as individuals and even more so as groups, teams, and companies. They are incapable of planning, organizing, and accomplishing the things conspiracy theorists accuse them of.
It is easy to confuse a CBDC and cryptocurrency, but they aren’t the same. A U.S. CBDC will be centralized and under the purview of the Federal Reserve, the U.S. central bank. On the other hand, cryptocurrency is decentralized, without any governing body, giving users more control. Also, cryptocurrencies run on distributed ledger technology, meaning that multiple devices all over the world, not one central hub, are constantly verifying the accuracy of the transaction.
I’m not sure what this means so I’ll guess it has something to do with ore meth, coke and hookers for Hunter?
“Well -son-of-a-beech”.....
He’s either trying to get you to buy gold or to buy his book or to subscribe to his newsletter/blog/substack.
Well here we go again... The “never happen here” crowd is going to be complacent and get caught with their pants down again.
Do a search, there are bank branch locations shutting down left and right across the country. The economy has rendered them unprofitable to keep open.
A wise person would prepare for this very thing... Prepare for the worst and hope for the best. But it is not looking good...
“I’m confused”
Me,too!