I confess that I could not watch the entire speech even though it was short. As Biden spoke, small bank stocks went lower and some had their trading halted on the stock market. While this is the major story today, the end result will be determined by people. If we take our money out of the banking system, we lose 0.01% interest (in most cases) but we still have fiat currency in hand. A poor return considering inflation.
If bank runs do materialize, the illegal government will start WWIII earlier than they want. If I had any money in the bank, I would take it out. You can be sure that the people orchestrating this economic collapse will not lose their financial assets.
David DeGerolamo
I think time has proven that if he opens his mouth, he is lying. This is why our grandparents did not trust banks. Plus when you have illegally placed officials in office and they are spending money that can never possibly be paid back, something will eventually have to give. We must all remain calm and be able to think clearly no matter what is thrown at us. God is man’s only hope.
Double speak perhaps?
Dobbs in 2014 makes all depositors investors. Once you deposit your money in the bank it’s no longer legally yours, it’s now the banks assets.
you become an unsecured creditor the moment you place any funds in a financial institution. Rob’s right, moment you deposit money it becomes the bank’s property, not yours.
Fortunately, what little I have is not in any stocks but in my hand. To quote Bob Dylan, “If you ain’t got nothin, you ain’t got nothin to lose.” Let it crash.
Taxpayers will not be paying, you sir are a f*cking liar, FDIC holds only 1.338% of the total “insured” funds out there.
The idiot speaks, if it’s really him. sometimes if you look hard enough his ears are different, sometimes his lobes are hanging and other times they are attached to the skin as one piece. different stand ins for the original idiot. Where is Joe Biden really. i believe they have two look Alike’s that take his place continually which are more alert than the original mental retard.