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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 1.12 MB, 1525x935, Screenshot from 2020-03-27 03-16-23.png [View same] [iqdb] [saucenao] [google]
18116124 No.18116124 [Reply] [Original]

AAAAAAAAAAAHHHHHH

Fuck it's time to withdraw everything

https://www.youtube.com/watch?v=jdjzIaEDTnw

>> No.18116159
File: 41 KB, 500x522, IMG_20200326_200308.jpg [View same] [iqdb] [saucenao] [google]
18116159

>>18116124

>> No.18116173

money is safe in the bank with 0 reserve

>> No.18116208

>>18116124
They want that sweet negative interest profits off of your stacks.
I would pull most of your money out nigger.

>> No.18116212

>>18116124
fuckin lol
>your money is completely safe
>please keep it where it is so we can slash your life's work in half to save rich people from being upset at red candles
Get absolutely fucked
Bank run NOW

>> No.18116216

>>18116159
april fools xD

Seriously though, never trust a banker. If they put out a video like this they must know something we know, gov must be considering options like the cyprus overnight deposit tax

>> No.18116224

my money is on binance

>> No.18116230

>>18116124
What an ominously titled video, jesus.
Something about the FDIC even having a Youtube channel is dystopian.

>> No.18116233 [DELETED] 

>>18116124
I am so sick of you conspiracy theorists posting this crap. Your money is fine. It's all digital nowadays anyway. Plus cash has a ton of germs on it. The money is safe and the government is protecting you from making a big mistake. The economy will be back to full strength in no time.

>> No.18116235

>>18116216
I only have 43 cents in my bank account, the rest is in link

>> No.18116237

>>18116224
rip

>> No.18116257
File: 7 KB, 250x231, 1498026452227.jpg [View same] [iqdb] [saucenao] [google]
18116257

but my banker is also my broker (schwab), if I pull my money I won't be able to scam happoonertards out of fat premiums on weekly puts

>> No.18116298

>>18116224
Then you don’t need to worry about them stealing your wealth.

>> No.18116311

>>18116173

Yup. I'm sure the FDIC will speedily get you your money if the bank goes under. What do you think the wait will be?

>> No.18116313

>>18116235
based. Tbh if there was ever a best time in history to be all in crypto, i think that's right now. This is a once in a lifetime event, 29 crisis will probably pale in comparison

>> No.18116319

LETS START A BANK RUN GOYS, WHOS IN? (IM MAKING A TEAM)

>> No.18116336
File: 12 KB, 560x407, A0D5C155-D7C8-4107-86D0-50C17FAD35B1.png [View same] [iqdb] [saucenao] [google]
18116336

Does this apply to brokers and/or exchanges? Can they charge you negative interest and/or give you a haircut?

>> No.18116343

>>18116233
Don’t forget that coronavirus is a giant nothingburger and that we all need to get back to work.

>> No.18116382

Up until now I thought the idea of Bank run was a stupid meme, but after this I'm pretty sure it's a good idea. The only reason they would say such a thing is because they intend to harm us somehow.

>> No.18116418

>>18116382
amazing you needed a meme to help you out with this.

>> No.18116448

>>18116124
NOOOO YOU HAVE TO LET US DEVALUE ALL OF YOUR SAVINGS

>> No.18116456
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18116456

>>18116124

>> No.18116486

>>18116224
sounds like it's plenty safu, then

>> No.18116558

>>18116336
Most likely yes, you should look at the terms you signed. I am with eTrade and i remember their contract gives them the freedom to change fees at any time with basically no notice, I contacted support and they said it's not likely to happen but they might. The higher risk if the broker goes down entirely though.

>>18116382
>>18116319
we should look at which bank has the lowest reserves, short their stock, then start a bank run

>> No.18116596
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18116596

>>18116124
Happeningfags btfo

>> No.18116604

>>18116558
how about Deutsche Bank?

>> No.18116629

>>18116311
I never keep anything at the bank. Why should I? I have debit cards from both RH and IB.

>> No.18116635
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18116635

>>18116596
it hasn't happened yet means it can never happen

>> No.18116658

>>18116233
how much is the fdic paying you

>> No.18116687
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18116687

>>18116596
correct goym, this never happened since 1933 :) which means it will never happen again :)
now go to sleep and don't look at the charts goym, your money is safe with the bankers :))

>> No.18116715

>>18116596
Wow, almost 100 years

>> No.18116724

>>18116124
It's fine to pull if you're actually buying something, pulling cash just to have it is retarded, if the banks go kaputt and FDIC actually kicks in, money is going to be worth more as toilet paper than as currency

>> No.18116745

>>18116604
you're memeing right? Lol
deutsche bank is failed. Hope you dont have all your money there, at least differentiate. German govt will probably not let deutsche go down, but of all the big banks its the one who's the closest to that

>> No.18116769

>>18116745
You literally asked which one is the easiest to crash and I delivered while you're confirming it.

>> No.18116801

>>18116769
oh sorry, i thought you were the guy asking which brokers are safe.

Yea deutsche bank would be a good target to short before the bank run

>> No.18116858

>>18116801
For Brokers, Interactive Brokers is still one of the best.

About the Bank: After thinking slightly more, it's even better to crash one that is surely gonna get bailed out as that would bring up memories from last time... therefore it would trigger a way bigger wave afterwards which would crash many more.

>> No.18116952
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18116952

>>18116124
>>18116124
https://github.com/12345six6seven/12345six6seven
just like predicted.
yea compared to you shitters im god

>> No.18117000

>>18116952
what do you mean the safe bet is to short risk?

>> No.18117018

>>18117000
Pay up bitch and ill go do it. I am a broker not a landholder.

>> No.18117051
File: 54 KB, 489x740, James&Tyson.png [View same] [iqdb] [saucenao] [google]
18117051

>>18117018
We bring it to Market with Tyson's Fury so you can see the prophet,

>> No.18117116
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18117116

what if

>> No.18117190
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18117190

fuck bros i have way too much money in the (((bank)))

>> No.18117217

>>18117116
really makes you think...
What they fail to mention in the video, is that if it gets to the point where banks fail and the FDIC insurance has to come in by printing all the money out of thin air and send it to depositors, by the time the money gets to you it will mostly just be useful as toilet paper

>> No.18117224

>>18116233
>holding your own cash is a big mistake
Do you just equate withdrawing money with immediate spending of said money?

>> No.18117231

>>18117217
toilet paper is useful af rn

>> No.18117260

>>18116124
Again? Alright what is the government and fed hiding? Something makes me think this stock market pump is being done in a bid to keep people from withdrawing.

>> No.18117264

>>18117224
What the fuck is your money going to do as effective cash once you've withdrawn it? All it's gonna do is make people panic withdraw, and then the government has to print more money to keep up with demand and now your money is worth jack shit. That is unless you take it out and then spend it immediately while it still has some semblance of value.

>> No.18117281

>>18116124
guess what, if a bank tells you they have a withdrawal limit
go to ATM's and takeout the max amount it's a few hundred, but ATMs are everywhere

>> No.18117284

>>18116216
Sheeeeeit and its america so everyone will likely lose money.

>> No.18117308

>>18117116
>>18117217
>>18117224
ding ding ding, we have a winner.

>> No.18117321

That's why deposited literally all my money into crypto last month. I'm down a few thousand because of Corona but I'm invested in smart coins like btc and link so I know I'll be fine in the long run.

>> No.18117330

>>18117264
Thats the plan, chief. Short the market and reinvest in growth industries.. take everyones money because we fucking want it, but also build a better system. That is the Bears pitch. Its ferocious because its so nice it hurts.

>> No.18117570

>>18117321
smart desu. Having your savings in us dollars right now is not the smartest investment. Crypto is bound to go up, i predict there will be a decent influx in the coming weeks, considering it takes people time to register accounts, go through kyc and wire money...

>> No.18117635

>>18116124
>comments disabled
>invisiblie like/dislike
>we are lending out 100% of your money
these people are both retarded and evil, but i still trust this woman with a foreign accent, unironically, and i fucking hate them

>> No.18117636

>>18116311
Months probably. Minimally. Just look at how ineffective the government is at everything else. By the time you get your money back it may have been inflated 30%. It's terrible advice.

>> No.18117664

>>18117190
Never more than 10-20% man. Cash is a devaluing commodity. You're even better off in treasuries at this point. At least you'll make SOME of the inflation back there.

>> No.18117687
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18117687

>>18116687
I still don't understand how people can look at these charts and not realize we are in for something worse than the great depression...

At least on 4chan we are somewhat ahead of the curve so we can move before most people will

>> No.18117688

>>18117635
Good. Because you can always count on me doing whats right for money. I hate and respect yout oo.

>> No.18117691

>>18116319
That would be based. Why doesn't /biz/ organize shit like this?

>> No.18117710

>>18117664
Youre still looking at it from a marketing standpoint.

Economically you can exchange currencies from the losers to the winners and back. Its how currency trading works.

>> No.18117709

>>18116233
Why would they make a video begging you to keep your money in the banks?

I've pulled out a month's worth of savings. Might push some more money to crypto.

>> No.18117730

>>18116687
I predicted this shit over a week ago btw, its in the business plan. Id be up be 20%+ right FUCKING NOW if I had capitol to invest.
Idk man, im just a bear hahahah

>> No.18117776
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18117776

>>18116319
>>18117691
>>18117709
This

>> No.18117980

>>18117776
Invest in https://github.com/12345six6seven/12345six6seven
to maximize profits off it.

>> No.18118384

>>18116311
I had a friend who got fucked in 2008 when the economy crashed. Banks don’t announce when they go under. You just show up one day and the FDIC runs it. He had a 30 day revolving loan of 100k for payroll purposes that his banker renewed monthly without any questions. One day an FDIC guy calls him and say “you’re 30 day loan is due. We need 100k.” My buddy explained to him the arrangement he had with the banker and the FDIC guy said “It’s a 30 day revolving. Whatever agreement you had with your banker is null and void. Pay up.” It almost put him out of business. I worked for him for 3 months with no pay to help him recover.

>> No.18118442

Western Sky has cash to lend you, if you need it. Just pay 500% interest.

https://youtu.be/v9mhlRp8DzI

>> No.18118473
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18118473

>>18117687
>VP Pence said earlier to those unemployed that Pizza Huts, Walmarts, and Amazon are still hiring
we're a bit fucked innit

>> No.18118483

>>18116336
If you have a broker like Scwab or Fidelity, if those guys go under I hope you have guns and ammo.

>> No.18118494

All funds are safu goyim. Don't even think about it .

>> No.18118552

>>18118494
Funding secured ;)

>> No.18118586

>>18118442
>https://youtu.be/v9mhlRp8DzI
c'mon anon. its only 130% on approved credit

>> No.18118608

>>18116124
lmao

it's all actually burning down

>> No.18118639

>>18118473
If the number of people one paycheck from destitution wasn't bad before I'd hate to see it now
What a smug ass

>> No.18118814

What's the point in withdrawing your monopoly money from the bank? Are you suddenly that desperate for toilet paper?

>> No.18118843

>>18118442
Could I take money from this tribe and tell them to get fucked when they come to collect? Wtf can they do about it?

>> No.18118858

>>18116235
How many link you have

>> No.18118875

>>18117321
Crypto relies on the dollar. If you don’t have some gold and silver you are fucked

>> No.18118887

>>18117664
Treasuries and not gold? Lmao

>> No.18118907

>>18116313
Fren. I'm new to crypto. Do you recommend I just accumulate as much as I can in this period.

>> No.18118914

>>18118814
FDIC insurance is communism. If there was no FDIC insurance then banks would never make the bad loans they made because people would actually give a fuck what kind of loans their banks make before depositing their money there. It’s a huge moral hazard. So since we have fdic insurance depositers don’t care where they deposit their money and the banks don’t care how they loan it out

>> No.18118931

>>18118907
If you are a poorfag and haven’t gotten into crypto yet then your best bet is getting silver now. How much money you have?

>> No.18118936

>>18116257
what kinda premiums you getting on them?

>> No.18118968

>>18117691
We did organize something like this but it was on binance

>> No.18119003

>>18116257
What are you winning with?

>> No.18119013

I literally have >15k in the bank. wat do?

>> No.18119020

>>18116596
1933 Rosevelt took your gold
They "Checked" Vault 33 on tv to prove it was there.
33

Fucking Mason signalling

>> No.18119026

>>18116124
That's a man

>> No.18119038

>>18119026
Nice

>> No.18119063

>>18119013
10 ounces of gold

>> No.18119072

>dont withdraw your funds!
Not even the most of retarded of exchanges would be dumb enough to announce this. They dont have funds, your money is no longer there.

>> No.18119084

>>18118875
Only stablecoins, which aren't really crypto. Literally every other project does not rely on the dollar. That's kind of the entire point.

>> No.18119127

I don't have that much money, only like 2k, should I just take it all out anyway or does it not matter?

>> No.18119161
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18119161

>>18116319
>>18117691
>>18117776
https://youtu.be/7882XJ9t6Bg

I'm in.

>> No.18119198

>>18119084
Whatever all I’m saying is your FUCKED if you don’t have silver and gold. Maybe you’ll be fine in crypto but you are assured of being fine in metals

>> No.18119207

>>18118384
This is a guarentee. I'm looking for angel investors or i'd go shit money out my ass. Remember the one week thing? Shits real. Imagine what I can do in 2.

>> No.18119224

>>18119198
>People not able to buy food
>Lets buy metals // crypto and starve
tards these days bro fr cm

>> No.18119231
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18119231

>>18116124
>They're literally begging us to keep our money in their insured banks.

I'd say today in the morning should be Bank Run day, get your cash out, then immediately convert that cash into gold or silver.

Land will also be good, if you have it or can somehow obtain it.

>> No.18119247

>>18119231
>>18119198
who the fuck is selling silver and gold these days, you're nuts if you think you're finding it

>> No.18119289

>>18119231
Gold is short term, when supply of gold goes up demand will drop when demand increases in other markets. It maintains value over time but so do most fucking things in the market when adjusted for inflation you confabulating moron.

>> No.18119293

>>18119247
Yeah, probably, although I thought my land proposition would be the more insane one of the two.

>> No.18119313

>>18119247
Oh I see, my bad.
Gold and silver fuckwits.

>> No.18119364

>>18119224
Gold has value in poor countries.

>> No.18119389

>>18119364
Why do you keep thinking in terms of countries rathar than the exponentially juicier global pie you could have all to yourself? Honestly, I know we're going with GOLD AND SILVER rn bc dumbfucks and all but why are you denying this shit? did you just invest like a noob?

>> No.18119400

>>18119224
What is your exit strategy? Investing in cans of beans?

>> No.18119430
File: 211 KB, 840x821, 310-3107589_post-wojak-crying-meme-hd-png-download.jpg [View same] [iqdb] [saucenao] [google]
18119430

>>18116124
>Went over my 6 allowed transactions for a savings account
>Can't get my money put until at least the first of next month

>> No.18119445
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18119445

>>18117687
>this will all be over my Easter
yfw

>> No.18119457

>>18117116
Banks have fine print like they don't have to give you your money without 3 weeks notice, etc, etc

Good meme though

>> No.18119476

>>18119457
If a bank is refusing everyone's withdrawals then they're gonna create an even larger panic

>> No.18119490

>>18119476
Go try and take out more than 3,000 dollars from your bank tomorrow.

>> No.18119520

>>18119490
Are you suggesting banks are refusing withdrawals of $3000 at this point in time?

>> No.18119526
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18119526

>>18116124

>> No.18119547

>>18116124
This just means that smart money already has, liquidity was drained from the last crash and this pump into markets.

>> No.18119582

>>18119400
>Lets just not have a business
uh-huh

>> No.18119592

>>18119520
Probably desu look at the market ..

>> No.18119630

>>18116224
Based retard

>> No.18119651
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18119651

i wish Bizonacci were here to make a funny video about an actual single-mother ex-roastie FDIC chair*woman* saying funds safu

>> No.18119823
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18119823

>>18116124
IT'S HAPPPPPENING!

>> No.18119987

>>18119823
ok lol

>> No.18120121

>>18116124
Definitely withdrawing my money on Monday. My Town Hall and Campsite in ACNH will be done by then. I want to test how the amiibo cards work, but then I'm ordering all my favorite villagers. Is it safe to keep my cash in there for that long?

>> No.18120153
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18120153

>>18120121

>> No.18120158 [DELETED] 

>>18119823
Found the charismatic leader

>> No.18120175
File: 26 KB, 102x106, Screen Shot 2020-03-26 at 11.53.14 PM.png [View same] [iqdb] [saucenao] [google]
18120175

>>18119823
Found the charismatic leader

>> No.18120184
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18120184

>>18116124
>it's time to transfer everything to a crypto exchange and buy bitcoin for it
FTFY

>> No.18120246

Tachyon uses the concept of PPP to create PPoLP which will help provide end-to-end connection in a completely connected network

>> No.18120261

Better get printing because I'm taking $1000 out of some bank when my check comes.

>> No.18120303
File: 110 KB, 700x600, D7bW5LcW0AIS1S1.jpg [View same] [iqdb] [saucenao] [google]
18120303

>>18116124
reminder there is no benefit to keeping fiat in the bank with 0% interest and 0% reserves
and the risks of withdrawal limits and negative interest rates
the fdic insures 250k but it does not insure the purchasing power

reminder this was all made inevitable decades ago

>> No.18120355

>>18116596
>never lost a penny
What about a cent?

>> No.18120367

>>18119651

>> No.18120411

>>18116159
I'm in for this. I'm pulling everything out and buying United Nations Dollar (UND).

I almost feel like I'm inciting chaos but it was going to happen with or without me regardless.

>> No.18120567

>>18119490
I took out 10k and 5k the other day asked the bank how much I could take out said whatever I want so long as they were holding the amount

>> No.18120578

>>18116224
Absolute madman

>> No.18120616

>>18117116
>all of /biz/ withdrawals their cash from the bank
>bank has to cover a grand total of $372.48

>> No.18120632
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18120632

>>18116124
THAT'S IT LADS WHERE CAN I PUT IT THAT IS SAFER?

Cash, brokerage account?

>> No.18120644

>>18117687
How do I long this?

>> No.18120682

>>18118914
Plus all loans are ultimately backed by taxpayers anyway. This whole system is a fucking sham. Really hope it burns this time around. It won't be pretty, but it will be necessary.

>> No.18120700

>>18120632
land

>> No.18120702
File: 6 KB, 257x196, 1568820170516.jpg [View same] [iqdb] [saucenao] [google]
18120702

sound gay

>> No.18120703

>>18119224
>tfw my folio is 70% crypto 20% food/garden and 10% metal

>> No.18120740

>>18120303
>fdic insures 250k but it does not insure the purchasing power
Wisdom. Get gold and Bitcoin

>> No.18121392
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18121392

>>18116124
>YOUR ATM IS SAFE
>YOUR BANK IS SAFE
>THERE IS ENOUGH CASH IN THE FINANCIAL SYSTEM
>AND THERE IS AN INFINITE AMOUNT OF CASH AT THE FEDERAL RESERVE
>WE WILL DO WHATEVER WE NEED TO DO TO MAKE SURE THERE'S ENOUGH CASH IN THE BANKING SYSTEM

>> No.18121501

Fuck, I have all my savings in the bank and the inflation is going to kill me. Can I invest it all in Nestle, Berkshire Hathaway, or Hoffman La Orche to save it???

>> No.18121772
File: 826 KB, 1957x1145, Now it comes for real.png [View same] [iqdb] [saucenao] [google]
18121772

>>18116124

>> No.18121828

It's hilarious that while we run out of basic supplies people are still concerned with money.

>> No.18122028

>>18120411
> he just watches the world burn and profits off it
glad that you found UND. most of biz thinks its just a jeet coin.

>> No.18122264

>>18116124
what's the fuckin point of money

>> No.18123040

>>18120303
Extremely based and redpilled.

>> No.18123165

>>18116224
Take link out of binance. He will devalue them to .01 and use the cheapies to supress violatility, taking away incentive for smart trader money.

>> No.18123200

>>18116124
Old news

Priced in

>> No.18123252

>>18116212
It gets slashed in half no matter where it is. Keeping cash under your mattress wont save it from inflation.

>> No.18123387

>>18116124
who thought it was a good idea to make this video lmao

>> No.18123461

>>18117281
Are you retarded? the limit is MONTHLY. not per ATM.
Where the fuck do you live? In a cave?

>> No.18123467

>>18116319
Withdrawing 100 k this afternoon

>> No.18124130
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18124130

NOOOOOOOOOOOOOOOOOOO YOU CAN'T JUST WITHDRAW YOUR OWN MONEY
THINK OF HECKIN BANKERINOS

>> No.18124388

>>18124130
It’s too late you can’t withdraw already lol

>> No.18124629
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18124629

LOL that lady is sweating FDIC insured means jack shit.

There is 16 Trillion in USA Banks and the FDIC reserves can only insure 0.16% of that amount.

so ya your money is 0.16% safe

>> No.18124727

>>18123461
>he has a withdrawal limit
What does it feel like to fall for such an obvious scam?

>> No.18124932

>>18116124
fuck. Is crypto the best alternative? Euros?

>> No.18125061
File: 1.80 MB, 5552x3280, list2.jpg [View same] [iqdb] [saucenao] [google]
18125061

Follow the Corpos.

Ethereum the only reason it has not mooned yet is because Corpos do not need Ethereum you do. Corpos can tokenize their goods and services in order to add value to Ethereum but you cannot.

They are literally waiting like rabid dogs for vitalik to drop staking and fix scaling issues.

If crypto scares you maybe try boomer rocks. They will dump to just not as hard as the dollar.

>> No.18125317
File: 488 KB, 796x2140, 1528454060590.jpg [View same] [iqdb] [saucenao] [google]
18125317

reminder, there is not enough cash for everybody. for those who wont be able to withdraw you will only be able to pay through debit or credit cards

>> No.18125365
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18125365

>>18125061
>implying corps will use ethereum blockchain

>> No.18125382

>>18124629
no, .16% of money is safe and that says nothing about purchasing power

>> No.18125419

>>18124629
>There is 16 Trillion in USA Banks and the FDIC reserves can only insure 0.16% of that amount.
in that case th fed will just transfer money directly in your bank account

>> No.18125512

Retard here. What the fuck am I supposed to do with my savings?

>> No.18125684
File: 71 KB, 868x600, 576cb32f05aae_louisette.jpg [View same] [iqdb] [saucenao] [google]
18125684

>>18116124
Does anyone know where I can buy a guillotine?

>> No.18125735

>>18125684
lol look at his namby pamby. Fucking build one, you woman.

>> No.18125746

>>18125512
Send it to your crypto brokerage and withdraw the ETH/LINK stack you bought. Duh.

>> No.18125780
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18125780

Lol Lets put it this way when Bill Gates Rolls out he Moderna vaccine he funded this fall and says he will only give it to you if you take his ID2020 Blockchain Biometics chip remember the moment some troll on 4chan laughed at you.


Corpos are using Hyperledger and Hyperledger links to Ethereum even fucking Amazon is on the bank wagon.

>> No.18125871

>>18125735
But I want one that is crafted by an expert craftsman, I don't want to botch the big event! A lot of people are going to be watching after all!

>> No.18125981

Is /biz/ more alarmist than /pol/ and /k/? Is it because there's a pretty big overlap but the anons on /biz/ actually have something to lose during happenings?

>> No.18126112

>>18120616
We got you running scared, bankboy.

>> No.18126199
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18126199

>>18116224
BASED

https://www.youtube.com/watch?v=VkQvRmJwV8I

>> No.18126344

>>18125981
biz pays more attention to the markets, maybe its just me but what is going on now is unprecedented in history, there are all the signs for this to be much worse than the 1929 crisis

>> No.18126388

>>18126344
Everything happening right now is unprecedented, so it's hard to say which way it will go. But yeah, everything's totally fucked in the ass

>> No.18126754

Today is payday, took my $4k out because I got my mortgage deferred for 12 months.

I had to go to 4 branches, 3 of them were closed. The ATM was only allowing me $100/day usually $500/day.

I got all $100's, should have gotten $1's in case I need them for wiping my ass.

>> No.18126828

>>18119823
what card game is this?

>> No.18126914
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18126914

>>18126828
Search illuminati card game. It's a game from the 90s that predicted many future events. Almost impossible to find now, i believe

>> No.18127003

>>18118473
My landlord sent out a nice chain letter saying the same thing pretty much.

>> No.18127035

>>18126914
>almost impossible to find

you can get it for 60 bucks on ebay faggot.

>> No.18127441

>>18116715

>major pandemic hasn't happened in 100 years

really makes you think

>> No.18128303

>>18125871
>But I want one that is crafted by an expert craftsman, I don't want to botch the big event!

>He doesn't want to botch the beheading.
>He wants the head to come off in one quick strike.

>> No.18128464
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18128464

>>18116124
Annnd it's gone