/biz/ - Business & Finance

>>17974858
i took everything out last week. banking system is collapsing.

>>17974858
Oy Vey

withdrew everything today

>>17974858
Already invested in Zano desu. Greta anon coin and i don't want the gov to monitor me anymore

reminder there is zero benefit to having fiat in the bank with 0% interest and 0% reserves.
There is all negatives with possibility of withdrawal limits and negative interest rates

>>17974858
delete this extreme antisemitism

>>17974858
My parents actually did this, I told my mom the /bizzy bodies/ were buying physical gold and silver. She was like "maybe I should too.."

I dont know shit though. I lurk here hoping to learn something but never seem to learn anything

>>17974906
>>17974944
Hahah! Are you guys memeing? This whole thing will peter out in a few weeks.

>>17974858
Don’t understand why you have to bring jews into this? Seek help.

>>17975011
kek

Fractional reserve banking is dead:
https://www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fires-the-big-one/

doesn't matter to anybody how much is in the bank.

Been trying to spread the word especially after the fed newsletter. Couple of people got the message.

>>17975011
>>17975029
I told her shes better off buying livestock and assault rifles if things actually go south.

>>17975020
I literally want it to collapse

Literally do the opposite of whatever CNN says

>>17974858
don be selfish and panic withdrawing it all, like its your own money and shit. JUST leave it with us, your frienldy hand-rubbers, for people who want to withdraw all theirs first. Least till we get a new Capital Control Act typed up

>>17975201
The pack moves as one. Until zoomers start putting out the "run on the bank challenge" I think we're safe from total collapse.

>>17975249
>"run on the bank challenge"

That's a good idea.

>>17975249
Well that's not quite right. There is a goodly percentage of outliers and autists. Possibly up to about 20%. God speed fellow anons.

>>17975025
>i wonder who's behind this post?

>>17975263
Hahaha! I'm going to have to delete my posts you bastard.

My checking account balance is currently in the red. I overdrafted to get a nice, round number into crypto. I've still got my credit card for immediate purchases, but otherwise my checks are all going into other assets and bills, of course.

For those who give a shit by the way, I went to the bank today to take out a bunch of cash and was greeted with a nice line of cars wrapping around the building to do the same. I waited for nearly two hours. There were two other banks on the corner and they were in the same situation. Idk what the actual ramifications are of “spurring a run on the bank” but I’m just telling you what I’ve seen. The run is already happening.

>>17975392
>ramifications for taking back what's legally yours

>>17975392
what country?

You realize the Fed will just print whatever money the banks need, right?

50 million NPCs making a run on their $1000 checking accounts is 5% of one day's repo cap right now.

>>17975168
It is best to have all that and gold desu.
>>17974858
Jokes on them. All my money is in crypto and PMs. Fuck banks and fuck the media.

>>17975418
USA (medium/large size midwestern city suburb)

>>17974858
>insane run on toilet paper for no reason
>suddenly all newspapers run stories
>do NOT take all of your cash out of the bank right now!!!!!!!!!!!!!!!!!!!!!!!!!!!
Holy shit.... they really are trying to crash the system.

>>17975417
Yeah I’m speaking in their terms of course... I personally think taking back your possessions from a bank is completely reasonable under any and all circumstances. I nearly got into a physical altercation earlier in the day when a bank employee at another branch told me I could not enter the bank and withdrawal my money due to (((Coronavirus)))

>>17975564
> I could not enter the bank and withdrawal my money due to (((Coronavirus)))
Shifty little bastards.

>>17975576
Yeah the girl gave be a bunch of fucking sass about it too.

>>17975564
Have you not heard of an ATM, anon?

>>17975020
t. increasingly nervous rabbi

>>17975681
there's a daily limit e.g. $500 a day max

>>17975690
says the guy with "OILY" in his ID

>>17974858
i tried to take the usual amount out for a quarter but it was already limited in amount. fucking hell. now i have to go down 2 more times.

>>17975454
Idiots here are too stupid to understand this. If the fed can't cover your balance, then your money is worthless anyways

>>17975838
The Fed will cover your balance with newly printed, worthless money yay

>>17975564

Imagine being so poor that a $500/day ATM limit would make a dent in your savings account

>>17974858

>>17975696

Does your bank not let you increase the limit? Mine lets me increase my limit on my online account.

>>17975900
Based