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Serious question - should I go pull my money out of my bank on Monday?
Posted on 3/12/23 at 2:33 pm
Posted on 3/12/23 at 2:33 pm
Talks of bank runs are unnerving.
I’m aware some of this hype is also to assist SVB to get a bailout, which I would expect from Joe’s dumbass admin.
I bank with JPMC but I imagine if there’s a real run, none of them are safe.
Any of y’all moving to cash this week?
Also, I’m not OT rich, yes my accounts are within the FDIC insured amount, but I imagine the Fed would go insolvent if the whole system saw a run.
I’m aware some of this hype is also to assist SVB to get a bailout, which I would expect from Joe’s dumbass admin.
I bank with JPMC but I imagine if there’s a real run, none of them are safe.
Any of y’all moving to cash this week?
Also, I’m not OT rich, yes my accounts are within the FDIC insured amount, but I imagine the Fed would go insolvent if the whole system saw a run.
31
Posted on 3/12/23 at 2:34 pm to Yaboylsu63
We have been holding out 25% of all our income from our businesses for roughly 6 months
Posted on 3/12/23 at 2:34 pm to Yaboylsu63
No
Posted on 3/12/23 at 2:35 pm to Yaboylsu63
Insolvent?
They are about to pay off uninsured customers in SVB.
They are about to pay off uninsured customers in SVB.
Posted on 3/12/23 at 2:37 pm to Jjdoc
And keeping it where?
Posted on 3/12/23 at 2:39 pm to Yaboylsu63
quote:
erious question - should I go pull my money out of my bank on Monday?
Bury it in the yard.
Posted on 3/12/23 at 2:39 pm to Yaboylsu63
Yes, by all means go be part of the problem.
In all actuality, we're probably all ok. The more I read about this stuff, the more comfortable I am with Chase. I'd be more worried about employers overreacting and starting mass layoffs instead.
In all actuality, we're probably all ok. The more I read about this stuff, the more comfortable I am with Chase. I'd be more worried about employers overreacting and starting mass layoffs instead.
Posted on 3/12/23 at 2:42 pm to texas tortilla
Posted on 3/12/23 at 2:46 pm to TDsngumbo
quote:
Chase
Can't believe anyone still banks with them, I closed my accounts there when they started paying for trips to Hawaii for their employees to get abortions
Posted on 3/12/23 at 2:48 pm to Yaboylsu63
No. Wait until we go to a digital currency and social credit score with low scores resulting in removing your money. In that case, pull your money out because cash will be very valuable on the black market.
Posted on 3/12/23 at 2:59 pm to Zach
If we go to digital currency, cash will no longer be legal tender… otherwise what’s the point?
Posted on 3/12/23 at 3:03 pm to Mo Jeaux
quote:This, and then some.
And keeping it where?
How many pay all their bills online?
Imagine paying your mortgage in cash in snail mail.
Also, I was a member of a local credit union via an old govt job. They closed their doors a year ago. They sold to another Credit Union that I suspect is 100% Uncle Joe-Self Help Credit Union.
Not ALL Credit Unions are FDIC insured-always check...
Posted on 3/12/23 at 3:06 pm to Yaboylsu63
quote:
should I go pull my money out of my bank on Monday?
No, you should have done it Thursday when I told you to.
Posted on 3/12/23 at 3:06 pm to GumpInLex
quote:
If we go to digital currency, cash will no longer be legal tender… otherwise what’s the point?
The black market is not concerned with what is legal. That's the whole point.
Posted on 3/12/23 at 3:07 pm to GumpInLex
quote:Precisely. No more cash in the cigar box & mattress. Uncle Joe can watch if you sell a sewing machine on marketplace & tax your arse
If we go to digital currency, cash will no longer be legal tender… otherwise what’s the point?
Posted on 3/12/23 at 3:13 pm to Zach
The barter system will be popular.
Hey bud, I got three guns and ammo for your red beans and rice with andouille & kielbasa sausage.
Hey bud, I got three guns and ammo for your red beans and rice with andouille & kielbasa sausage.
Posted on 3/12/23 at 3:13 pm to Yaboylsu63
Panicky bitched like you will make this worse than it is. 
Posted on 3/12/23 at 3:20 pm to Mo Jeaux
quote:
And keeping it where?
Fort Get-Shot
Posted on 3/12/23 at 3:39 pm to Jjdoc
The way that the FBI is targeting the Latin Mass. Churches may be underground. I can't believe I am alive in a country that's fake President is a fake Catholic while the FBI targets traditional Catholics.
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