You may think you have money in the bank, but when it closes the doors, you have nothing in the bank. Stock markets panic and everything tumbles down to nothing.
You may have thought you had lots of stocks and securities, but suddenly you have nothing, because a run on the floor wiped the value of your stock to nothing.
Shareholders, brokerage firm traders panic and start selling. This causes a "run" on the banks and businesses, and is what causes them to collapse. Just because banks make billions, remember, that is paid out in dividends to it's shareholders. it doesn't pile up year after year in a giant vault somewhere.
“repeating old tired rhetoric”.
This is exactly what you are repeating. As you were not taught in Socialism 101 for a transaction to occur, there must be a buyer and seller.
If you paid 100K for your home and the value went down to 85K you have not lost anything. You would only lose if you sold the house for less than you paid for it.
Fear mongering is what the Dems do to get votes. It won’t work here on FR.....
“It’s a statement of fact. When banks and markets collapse...”
You keep repeating the same assumption with no real evidence to back it up.
What evidence do you have to offer that the banking system and markets are going to collapse? And how are you defining “collapse” in any case.
Myabe you’re just having a bad day?
“Stock markets panic and everything tumbles down to nothing...”
[snip]
You’re quite a storyteller but I’m not sure if your stories have anything to do with reality.
Have a good night.