"SIGNATURE BANK" was closed today Sunday, March 12'th.
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There's another bank in Cali that's showing signs of nervous depositors. This week could be a panic pandemic as the sheep who don't understand what's actually happening make rash decisions and seriously hurt some banks.
The problem with a bank run is that it's a self-fulfilling prophecy.
"My money isn't safe, I should withdraw it."
Panic sets in as rumors spread. Others show up to withdraw, creating a line and fueling the panic of those who don't know why, and more line up as a result.
In the end, the bank loses all funds and goes under, followed by "See, I knew my money wasn't safe there."
Keep a level head, folks. Don't incite a panic that only ensures the prediction comes true.
The problem with a bank run is that it's a self-fulfilling prophecy.
"My money isn't safe, I should withdraw it."
Panic sets in as rumors spread. Others show up to withdraw, creating a line and fueling the panic of those who don't know why, and more line up as a result.
In the end, the bank loses all funds and goes under, followed by "See, I knew my money wasn't safe there."
Keep a level head, folks. Don't incite a panic that only ensures the prediction comes true.
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Maybe this is no different than the COVID pandemic. The government causes it then rushes in to save the day.
We're looking at a perfect storm brewing up. Especially when you start to link a few of the current crop of crises. From the war on fossil fuels to the open borders to the woke horse crap agendas it's not much of a stretch to see things totally out of control by the summer
We're looking at a perfect storm brewing up. Especially when you start to link a few of the current crop of crises. From the war on fossil fuels to the open borders to the woke horse crap agendas it's not much of a stretch to see things totally out of control by the summer
I've been telling people its the libtard commie bank and they dumped it to rob US of even more cash. A stunt.
Svb hoisted the ukranian flag as an sos so offensive....the simple don't really get it. I hope they doze the #!$*! thing and NO bail outs...(but yellen said it, which made most people skeptical for more than one reason)
We use a cartel bank that will be solid for awhile yet and i don't think people should panic, i think they should answer panic with some obvious points and advise vigilance. Switch your retirement back to your govt issue money card, not direct deposit for awhile. Little security builders realizing it would take a bit more than a tekfruit money fountain and laundry to send their bank off.
I read bank of America had another hitch, but didn't look and it has been having spasms awhile.
There was a list of worrisome banks and i will see if i can find that.
Svb hoisted the ukranian flag as an sos so offensive....the simple don't really get it. I hope they doze the #!$*! thing and NO bail outs...(but yellen said it, which made most people skeptical for more than one reason)
We use a cartel bank that will be solid for awhile yet and i don't think people should panic, i think they should answer panic with some obvious points and advise vigilance. Switch your retirement back to your govt issue money card, not direct deposit for awhile. Little security builders realizing it would take a bit more than a tekfruit money fountain and laundry to send their bank off.
I read bank of America had another hitch, but didn't look and it has been having spasms awhile.
There was a list of worrisome banks and i will see if i can find that.
Tomorrow tells the story. If it is not "black monday" then my guess is we all have more time to get better arranged.
If it is black Monday, it should be the monday heard round the world for how many politicians and bankers get hung....because its all cra*, all manipulated and for the purpose of even more heinous theft to pull money out of this country and get away with it all scot-free
If it is black Monday, it should be the monday heard round the world for how many politicians and bankers get hung....because its all cra*, all manipulated and for the purpose of even more heinous theft to pull money out of this country and get away with it all scot-free
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Wells Fargo has had some issues with direct deposits not posting and customers finding their accounts in the negative numbers because of "a glitch". This certainly isn't the time to be making depositors even more nervous than they already are.
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They are coming for our retirement accounts. The last of the Boomers are retiring, we'll be taking draws instead of making deposits. That makes us a financial liability for their insatiable greed.
Our podunk regional bank just merged into a larger regional bank. It's the second time in 9 years. It's been a good strategy with our contracting local economy. We went from 200 sawmills to none, and depend on tourism now.
Our podunk regional bank just merged into a larger regional bank. It's the second time in 9 years. It's been a good strategy with our contracting local economy. We went from 200 sawmills to none, and depend on tourism now.
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120 Posts
Mexico just merged with B.R.I.C.K.S. nations.
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120 Posts
My bad brics not bricks
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Does anyone think it will stop at just two Banks
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93 Posts
Not to worry folks.
Diaper joe and grandma yellen are on the case ...
Diaper joe and grandma yellen are on the case ...
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699 Posts
Unfortunately not. Bankers are sheep and all dogpile on the same investing/trading ideas etc...
My advice is that if you can get a few bucks out of your bank in small denominations for dry powder, just in case the powers that be need to declare a "bank holiday" if things get out of hand.
FRC First Republic Bank -60.457%
CMA Comerica Inc -30.397%
KEY KeyCorp -27.952%
ZION Zions Bancorporation NA -22.245%
HBAN Huntington Bancshares -17.838%
We haven't even taken into account the pending collapse of auto loans and commercial real estate portfolios these bank hold.
Godspeed
Where? Ours is closer to the border and no problems, beyond separating citizen mexos from illegal ones. They fight.
I said cartel bank was safer....but mine is much closer to the border.
Bancorp was one of the iffy ones and there are a few, but all basically the same deal? Moneychanger financial service more than anybodys idea of a "savings and loan" - i use them for net shopping cards and sales, but like paypal, i don't leave money on them.
An Entry level introduction to: "It is all an illusion". Everything in our belief system is an illusion. Survival (True Raw Survival) is the only true reality. Preppers should aspire to fully grasp reality, so as to understand that "prepping" is simply the bridge between illusion & reality.
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93 Posts
As expected, gold and silver moving up now.
Well, problem solved!
The Fed will now just print all the money necessary to fully fund depositors, with no limit stated, in a press release from Janet Yellen.
I'm sure things will all work out with no negative ramifications whatsoever...
The Fed will now just print all the money necessary to fully fund depositors, with no limit stated, in a press release from Janet Yellen.
I'm sure things will all work out with no negative ramifications whatsoever...
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2,336 Posts
Shoot, why don't they just let you and me print our own
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