C
cork144
run on the banks coming soon for america eh?
its gonna be the start of their new currency i bet,
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- Thread starter MarquisBlack
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run on the banks coming soon for america eh?
its gonna be the start of their new currency i bet,
The FDIC has $50 billion to cover $1 Trillion.
There are going to be bank runs when everyone realizes this is a big ponzi scam. The history books and the numbers guarantee it.
A lot of people are going to lose everything. With the numbers the way they are, Black Thursday 1929 will look like a walk in the park IMO.
There are going to be bank runs when everyone realizes this is a big ponzi scam. The history books and the numbers guarantee it.
A lot of people are going to lose everything. With the numbers the way they are, Black Thursday 1929 will look like a walk in the park IMO.
rootfingers
Active member
got a link?
rootfingers
Active member
Well that's one bank. One big bank.
Glad I don't have any accounts with any banks these days. I still don't have any worries about the banks failing though. Even if they do we will live on and people with nothing to lose are more free anyway. Fuck it, take it all.
Glad I don't have any accounts with any banks these days. I still don't have any worries about the banks failing though. Even if they do we will live on and people with nothing to lose are more free anyway. Fuck it, take it all.
LOL this thread just jumped the shark.
Funny how one bank re-iterating the policy that has *always* been in place for federally insured accounts turns into "OMG THIS IS HAPPENING APRIL 1st"
Get real dudes.
rootfingers
Active member
What? You don't think they'd tell us exactly when they are going to take control?
Probably they are going to do it April 10 just to mess with our morale.
And isn't April 1 April fools day?
Probably they are going to do it April 10 just to mess with our morale.
And isn't April 1 April fools day?
Um? How about you chill out Mr. Bojangles? No one said "this is happening April 1st OMG", Citigroup said that starting April 1st, they reserve the right to do this at their discretion. Does that mean it will be April 1st? No. Of course not. Probably months down the line, but we'll see.
You don't think the feds handing down this order is at least noteworthy?
Get real, dude.
You don't think the feds handing down this order is at least noteworthy?
Get real, dude.
C
cork144
i think people need to realise how centralised power is now becoming,
im pretty sure the rest will follow there after.
im pretty sure the rest will follow there after.
So what's the deal, Mr. B? Got a problem with me talking about real fucking news?
http://www.businessinsider.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals-2010-2
You're right, nothing's changed at all! That's why they made the announcement..
Pfft.
http://www.businessinsider.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals-2010-2
You're right, nothing's changed at all! That's why they made the announcement..
Pfft.
This is supposedly just to comply with Federal regulation having recently switched back to standard FDIC coverage, but I dunno. Seems fishy.
GeneticHeirloom
Member
Did you read your article?
it was a mistake on Citigroup to send out that info nationwide as it was only meant for the state of texas as texas already has this in place.
"What's going on? It seems that this is something of an error. The seven day notice policy only applies to customers in Texas, Ira Stoll reports at The Future of Capitalism. It was accidentally included on customer statements nationwide."
Did you read it? The whole thing, or just enough to feel as though I've been discredited? It's a fresh story, so there is some conflicting information...
We'll see if they do it or not, it's going to be tense to watch.
Articles like this in and of themselves are enough to create runs on banks. There is so little confidence in our economy/banking system right now, that it's a disaster waiting to happen.
$50 billion, to cover $1 trillion. That's all I'm saying.
Update: I don't know alot about Federal Banking regulations, so I looked up Federal Reserve Regulation D, the one supposedly responsible for this 7 day policy, but couldn't find anything having to do with account withdrawals. Perhaps this is a recent amendment they are adhering to? If anyone knows more than I do on this one, I'd love to hear what you have to say.
Articles like this in and of themselves are enough to create runs on banks. There is so little confidence in our economy/banking system right now, that it's a disaster waiting to happen.
$50 billion, to cover $1 trillion. That's all I'm saying.
Update: I don't know alot about Federal Banking regulations, so I looked up Federal Reserve Regulation D, the one supposedly responsible for this 7 day policy, but couldn't find anything having to do with account withdrawals. Perhaps this is a recent amendment they are adhering to? If anyone knows more than I do on this one, I'd love to hear what you have to say.
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Go read about failed states and the "decent into chaos." Pay particular attention to Germany WWI and WWII and mentality of the people living during those times.
This is all going to take place over the next 5-6 years. It's such a slow process that's it has a normalizing effect.
The world is not going to end tomorrow. The world is not going to end at all. The economic and political reality of the globe is changing quickly though. If you believe everything is fine and dandy and we are all going to be OK, then I submit it is you who will most likely be left holding the "fools gold" when the big money jumps ship.
This is all going to take place over the next 5-6 years. It's such a slow process that's it has a normalizing effect.
The world is not going to end tomorrow. The world is not going to end at all. The economic and political reality of the globe is changing quickly though. If you believe everything is fine and dandy and we are all going to be OK, then I submit it is you who will most likely be left holding the "fools gold" when the big money jumps ship.
Yea, unfortunately Mr. B jumped to the conclusion that that was what I was hinting at...
Projection, plain and simple.
Things are gonna get worse before they get better, though.
From Forbes Magazine
Learn the basics of the inflation and hyper-inflation due to monetizing debt.
Not what the US says inflation is that leaves out fuel, food, and energy lol. Propaganda numbers.
Learn the basics of the inflation and hyper-inflation due to monetizing debt.
Not what the US says inflation is that leaves out fuel, food, and energy lol. Propaganda numbers.
Lol, inflation in home electronics. Hahaha.
This is from the Huffington Post.
Commercial Real Estate Crash Would Cripple U.S. Banks
The same casino gambling derivative game that happened in the residential market took place in the commercial sector. Especially, between 2005-2008 where many commercial properties where refinaced to these new AWESOME loans. Unfortunately there is no money to pay these loans. The commercial collapse is the end game.
One or two of these events happening equates to an isolated economic event. All of them happening at once equals Game Over.
Commercial Real Estate Crash Would Cripple U.S. Banks
1+1=2
The same casino gambling derivative game that happened in the residential market took place in the commercial sector. Especially, between 2005-2008 where many commercial properties where refinaced to these new AWESOME loans. Unfortunately there is no money to pay these loans. The commercial collapse is the end game.
One or two of these events happening equates to an isolated economic event. All of them happening at once equals Game Over.
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