I’ve been wearing the right kind of shirt everywhere I go.
My goodness, isn’t that enough?
Posted on 03/22/2023 1:36:17 PM PDT by Oldeconomybuyer
“I’m gradually withdrawing large amounts of case weekly”
Just don’t use a gub.
https://www.youtube.com/watch?v=ouW39UNTNQs
Not safe from being devalued by inflation.
All this does is bring on Systemic failure.
Which, we need to have anyway to take down the FED.
Charging a “fee” to the small banks to cover the profligacy of the big banks will cause the small banks to go belly up and the big banks can buy them up for pennies on the dollar.
Soon instead of a handful of big banks and thousands of community banks/credit unions there will just be a handful of big banks owned by the globalist oligarchs.
See how that works?
I’ve been wearing the right kind of shirt everywhere I go.
My goodness, isn’t that enough?
The sheer scope of the irresponsibility is astounding.
One could destroy an entire civilization this way.
Nobody loses until everything is lost.
Yellen is a retard and only tried to put out fires she started after it’s too late
Safe like ESG bullshit....? FJY
Senator Fetterman agrees.
If the feds are backstopping anything and everything without limit, can someone explain to me how this doesn’t encourage/reward extreme risk-taking on the part of bank management? Can the CEO of a medium-sized bank go to Vegas and put $10 billion down on a black on the roulette table? (just assume casino will take the bet) Approximate 90% potential upside on a winning bet, so why not? If the wheel comes up red, and the bank fails, the feds will bail everyone out, right?
Those words might even provide fine reassurance if only they came from someone else
Hilarious!
There’ll always be a black market for cash, if CBDC goes into effect. Otherwise, if it stays put — instead of in my 2 ton Cannon T65 Gunsafe — it’s gone to the govt.
The plan is to charge the small banks “fees” to prop up the big bank’s profligacy so they go belly up and the big banks get to buy them up at pennies on the dollar.
Soon, instead of a handful of megabanks and thousands of community banks/credit unions there will be just a handful of megabanks who have the infrastructure for the Central Bank Digital Currenc (AKA Mark of the Beast) ready to roll out.
Stock market just told the FED and Yellen that they are not happy with their BS.
I liked Powell who said the FED was looking at their bank oversight rules to see if changes are needed.
And the gold and silver markets also responded to the FED and Treasury by giving the owners of gold and silver a nice price boost today.
Does that mean she’s going to resign?
“Treasury will do whatever it takes to ensure ‘savings remain safe,’ Yellen tells senators”
No they won’t. Otherwise this leftist administration would never have torpedoed our energy resources, created hyperinflation, raised taxes and created a host of other problems.
Hey they will probably just print more money to cover peoples losses, as long they are contributing to the Democratic Party, and sell the debt to China.
None of us know the exact future.
With that uncertainty it would be a good idea for Freepers to take a few hundred dollars from your checking account and put the dollar bills in your pocket instead.
Even if money has to be brought to the store in barrels to buy a loaf of bread.
US Currency- the new toilet paper. Kinda slick though.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.