Remember that scene at the beginning of It’s a Wonderful Life, where people are all desperately trying to get into the bank because if it fails before they get in, they lose their money? That’s what the FDIC prevents.
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Man I beat you to that by at least a month.
I don’t care anymore, let it crumble.
I understand the sentiment, but believe me: with a crumble of that scale, you will definitely start caring.
I’m looking at the positive side of societal collapse. If there are no banks, then I don’t have to pay my mortgage.
Worst case. Inflation eats the mortgage until it’s just chump change.
Don’t worry, someone will buy that debt from the bank. You’ll still get to pay.
2026 with the economy in free fall and the Republicans about to be voted out of office
That won’t stop the Y’all Qaeda dumb fucks from doubling down and voting in a republican super majority in the house and senate.
MAGAts talk about Trump Derangement Syndrome but “conservatives” are still trying to destroy everything FDR helped create. That’s how far the FDIC goes back. This is why they want to do away with physical cash. Can’t have a run on a bank if your electronic money just suddenly disappears.
Its the setup to the biggest robbery in history!
Yes, they take the very, very, very long view at destroying anything and everything that they think is costing them one red cent.
The qons hold derangement syndrome towards a great many things going back decades…
How does this spin to customers?
Okay, my checking account is no longer guaranteed in the event of your inevitable ambition-related collapse. Are you going to pay me speculative-investment class interest rates to justify me trusting you with the money? Or should I just go back to notes under the mattress?
Trump, probably, after talking to his new bestest advisor:
Just move all your money into Dogecoin. It will be perfectly safe there.
It’s easy to fight inflation in 2025.
Gold, guns and moonshine.
This will isolate american banks on the long run. Who wants to make business with Leeman Brothers 2.0 (on an international scale)… or did I miss something?
Edit: Spelling
There’s no way that happens without full on revolt.
I said that a few freakouts ago, bud.
We still have bank failures now, Silicon Valley bank? Why eliminate it?
I’m guessing because 1) dumb ideological reasons involving cutting every government service that isn’t the military or immigration enforcement and 2) FDIC is primarily funded by fees from the banks. Consumers are so detached from how stuff works for the most part that removing the FDIC insurance fee wouldn’t give consumers higher interest rates, but just decrease the banks expenses and make them more money.
If you haven’t noticed elon wants to grift crypto via the government so by eliminating oversight and forcing people to run the bank, guess what kinds of assets people will dump their digital dollars into?
How does this relate, if at all, with the insurance that the NCUA provides?
Don’t miss the trick here. The fake economy built on systemic fraud requires faith that it works for it to work. There is not enough physical money to account for the fictional numbers they throw around hourly on wall street. Its all going to collapse and they want to make sure you don’t have anything!
This is the setup to the biggest heist in history! Whatever cash and assets the wealthy have will be safe in their vaults and overseas accounts. The decadent will dine while you starve. They will rebuild the US in their dystopic image even more so than it is now.
General strike, crash the fake economy before they do. If wall street looses billions a day that will send a bigger shockwave than any dead CEO ever could. All they care about is money! You make that vanish and that’s power.
Will you have to suffer, yes. That’s happening anyway. If not now you will be soon. If we do it soon enough it will be the imagery money that disappears and not your bank account. If we wait till after they rig the table it’ll be your loss not theirs.
We don’t have much time.
So they want us to buy crypto? If no bank and not enough cash to go around, digital money has to go somewhere right? Buy commodities? Cans of food/medical supplies to sell during the inevitable depression?
