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Good reminder to keep some cash on hand at all times.
When the banks close, ATM’s no longer operate, and credit cards are useless - cash will still be good for a certain amount of time.
Then we fall back on bartering.
Bank Closures
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Good reminder to keep some cash on hand at all times.
When the banks close, ATM’s no longer operate, and credit cards are useless - cash will still be good for a certain amount of time.
Then we fall back on bartering.
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1,248 Posts
Something funky is going on at Wells Fargo bank.
"If you see incorrect balances or missing transactions, this may be due to a technical issue and we apologize," Wells Fargo posted on TwitterFriday in response to a user who wrote "GIVE ME MY MONEY BACK."
"If you see incorrect balances or missing transactions, this may be due to a technical issue and we apologize," Wells Fargo posted on TwitterFriday in response to a user who wrote "GIVE ME MY MONEY BACK."
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First Republic Hit by Silicon Valley Bank Failure
The bank, whose shares have lost 34% of their value in the past week, sought to calm investors on Friday.
www.wsj.com
Fear spreads:
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“While some have blamed the collapse on volatile bond markets and rising interest rates, others — including Home Depot co-founder Bernie Marcus — have claimed that the company became too focused on "woke" issues, like LGBTQ+ activism and environmental alarmism, rather than their shareholders.”
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The fall-out is spreading around the world.
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Yes.
Like Reagan warned us about.
He said the most feared words are: “we’re from the government, and we’re here to help.”
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The people who are saying the system needs to be burned down aren't going to like what replaces it. This will probably be like 08 all over again where a lot of smaller banks get bought up by bigger banks. And that's probably the best case. Worst case is the gov just takes over everything.
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Analysts warn that America is about to get hit by a financial crisis worse than the one in 2008.
First Republic Bank is on his way to collapse.
Biden will on Monday address a banking crisis that led U.S. regulators to step in with a series of emergency measures after the collapses of Silicon Valley Bank and Signature Bank threatened to trigger a broader systemic crisis.
(Reuters)
First Republic Bank is on his way to collapse.
Biden will on Monday address a banking crisis that led U.S. regulators to step in with a series of emergency measures after the collapses of Silicon Valley Bank and Signature Bank threatened to trigger a broader systemic crisis.
(Reuters)
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Biden's Executive Order Nightmare: Government Will Track Every Dime You Spend
Under this new digital currency, any transfer of funds to family, friends, charities, or clients would be able to be tracked by the nation's central bank that issued this virtual money. Big Brother will be in your wallet every hour or every day. You will
Is this where the Leftists are pushing the country?
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Yes it is. "They" want control over everything and if you control the money, you control the people.Biden's Executive Order Nightmare: Government Will Track Every Dime You Spend
Under this new digital currency, any transfer of funds to family, friends, charities, or clients would be able to be tracked by the nation's central bank that issued this virtual money. Big Brother will be in your wallet every hour or every day. You willwww.gatestoneinstitute.org
Is this where the Leftists are pushing the country?
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Seems like they wanted it to collapse and cause a ripple of fear across the country.
Reminds me of another scam: COVID
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China is pulling its money from Swiss banks. The next banking crisis is around the corner.
The trade in some European bank stocks was halted following steep declines.
I truly believe the Chi-Coms and the democrat socialist party are working together to create a panic.
They are deliberately trying to crash the worlds banking system to usher in digital currency and ESG.
The trade in some European bank stocks was halted following steep declines.
I truly believe the Chi-Coms and the democrat socialist party are working together to create a panic.
They are deliberately trying to crash the worlds banking system to usher in digital currency and ESG.
Indeed, these things happened every couple of years. So, keep an eye on your investments. For me that a Safe full of stuff!
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Isn't Democratic Communism great
“While some have blamed the collapse on volatile bond markets and rising interest rates, others — including Home Depot co-founder Bernie Marcus — have claimed that the company became too focused on "woke" issues, like LGBTQ+ activism and environmental alarmism, rather than their shareholders.”
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COLLINS: It is a remarkable statement to hear you say that you believe the U.S. banking system has been nationalized because of this.
ALTMAN: Well, no. I didn't say it has been nationalized. I said they are verging on that because they have guaranteed the entire deposit base. Usually, the term "nationalization" means that the government takes over the institution and runs it and the government owns it. That would be the type of nationalization we have seen in many other countries around the world. Obviously, that did not happen here. When you guarantee the entire deposit base, you have put the federal government and the taxpayer in a much different place in terms of protection than we were in a week ago.
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