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

/biz/ - Business & Finance

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54019995 No.54019995 [Reply] [Original]

>BANKS ARE GOING TO CAUSE ANOTHER RECESSION
>WILL JUST GET BAILED OUT AGAIN

>> No.54020019
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54020019

Thanks for playing

>> No.54020096

I think this time people might just start shooting

>to glowniggers: this is not a threat just an observation of the current sentiment

>> No.54020860

>>54019995
this will require even more massive money printing leading to even more inflation and will fucking moon bitcoin. this is your chance retard

>> No.54020880

>>54019995
I think you mean BAILED IN

>> No.54020930

I just saw a commercial where a guy uses an app to get a cash advance so he can afford groceries. I don't think people even have money in the bank anymore.

>> No.54021002
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54021002

>>54020930
Its affirm and they are going tits up as we speak

>> No.54021024
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54021024

>>54020930
It's been that way for years.
If only you all had been paying attention, like I have.
While you all were making fake gains that will shortly disappear. I was consuming hopium. Silver is descending, Gold is stagnant, Bitcoin is crashing, stocks are worthless, bonds are abhorrent, money is being inflated away.
I have warmth, love, light, peace, and hope.
You should have invested.

>> No.54021062

>>54019995
God the economy is so gay. Faggots built their banks to not even be profitable at normal interest rates. Embarrassing.
>>54020096
I just ordered 1,000 round case of 9mm brass
>to use as barter currency, Mr FBI. Relax.

>> No.54021126

>>54020930
People weren't physically taking the money out. They were trying to transfer it. The main story is one guy went the bank because he couldn't get his $10million... you think he was trying to withdraw 10mill in cash? Na, he would have tried to transfer it to stocks or BTC or something and it wouldn't go through after 10 days so he showed up at the bank like anyone else would

>> No.54022317
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54022317

>>54020880
Imagine keeping anything but the most trivial fraction of your wealth in a Safe & Effective™ """bank account""".

>> No.54022332

>>54019995

OP are we gonna see a new big short sequel soon?

>> No.54022480
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54022480

>>54021062
All of this is by design. It's an open secret that central banks are at war with retail banks. The ultimate goal of which is to eliminate all retail and award exclusive control of fiat to the CBDC issuers.
I expect all stablecoins and anything purporting to be a store-of-value to be outlawed in the coming years. Don't want any competition or loopholes now, do we?

>> No.54024201

And this time there will be no OWS movement because they made sure that kind of situation won't ever happen again by weaponizing politics.

>> No.54024246
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54024246

It's gonna be a bail in

>> No.54024289
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54024289

>>54024201
Wall Street is one of the sacred cows the plebs aren't suffered to protest.

>> No.54024873

>>54019995
the money comes out of the USD holders
the currency is devalued to cover any losses
not my problem

>> No.54024883
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54024883

>>54019995

>> No.54024892

>>54019995
No they're going to bail them in. Bailing out is ssooooooooooooooooooooooooooooooo 2008

>> No.54024943

One one hand this is America where banks and corporations get bi-partisan support. On the other hand, with how badly that Speaker of the House election went, I can imagine a conservative opposition group forming wanting to ban gays or abortion or something.

>> No.54025028

BANK RUN BANK RUN TIME FOR BANK RUN FUN DO IT TO PJ MORGAN NOW

>> No.54025124

>>54024201
You just have to ignore all that noise and occupy anyway. It worked (sort of) for the canadian trucker convoy. The government had to bring out legislation reserved for literal warfare to remove them.

>> No.54025217

>>54019995
Frank Dodd act, no more bail outs, now they legalized stealing deposits, bail in's

>> No.54025408

>>54025124
>It worked until the government just ignored its own laws and did whatever it wanted
So it didn't work.

>> No.54025455

What are ya gonna do about it?

occupy some sort of walled street?

>> No.54025786

>>54025455
The last time we did that they seeded our ranks with goberment agents.
>sad-face.png

>> No.54025900

>>54020019
They won’t get bailed out by the government again, but the Dodd-Frank Act says they can seize customer deposits and give you stock in the failing bank instead.

>> No.54025920

>>54020880
This anon will make it

>> No.54025979

>>54024201
u sound like a Shill

>> No.54026000

>>54025920
He hodls GME?

>> No.54026008

>>54025900
>value of failing bank stock: zero dollars zero cents
Thanks for playing. Tell yours friends about us.

>> No.54026206

>>54024892
a bail in is paying with people's deposits... which they don't have
are you retarded

>> No.54027259

>>54025408
>>It worked until the government just ignored its own laws and did whatever it wanted

the gubberment never thinks laws apply to it. the supreme court use to overturn things the gubberment did all the time. however, the last time they overturned a government action was a farm program in the 1930s. or maybe roe vs wade could be argued as a overturn.

also competition, monopoly and anti-trust laws aren't enforced. the last monopoly broken up was sprint in the 1980s. they have already merged back together. Microsoft was found guilty of a monopoly in the 1990s, but there was no consequences. lol

>> No.54027346

>>54025900
>but the Dodd-Frank Act says they can seize customer deposits

that's what was surprising about the trucker protest. the gubberment said they could (freeze) bank accounts with no judge, jury, due process or recourse.
gee i really want to keep my money there. earning negative interest with all the fees

>> No.54027358

>>54019995
This time you're buying the dip, right? You're not going to ignore reality this time, right?

>> No.54027381

>>54026206
>a bail in is paying with people's deposits... which they don't have
>are you retarded

deposits are liabilities to the bank (they have to pay it back). so they get rid of all these liabilities on the book and can now claim them as assets.
can your hook nose compute that?

>> No.54027424

>>54019995
You haven’t been paying attention if you think this. Bails only go in now

>> No.54027481
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54027481

>>54019995
don’t worry, they made another bail-out illegal. this time it will be a bail-in. you did withdraw all your money already, right?

>> No.54027505

>>54021002
I signed up for affirm to afford groceries . It’s getting real bad anons

>> No.54027534

>>54024201
OWS was a leftist ripoff of the tea party which wanted to give the government and fed more power lol

>> No.54027689

>>54019995
i'm not sure a bail out or in will work this time as well as last time
foreign creditors have already lost faith in the us dollar and most domestic creditors don't have actual liquidity anymore

>> No.54027705

>>54027689
It’ll keep us afloat until q3/q4 of 2023

>> No.54027961

>>54027481
Sir, are you telling me that this time around there are
*honk*
NO REFUNDS
*honk*
?