/biz/ - Business & Finance

>>17954116

>Trying to cause a run on banks

I hope you get shot

If that kind of panic happens, we'll be trading with things with actual value, not worthless paper.

>>17954116
I started withdrawing as soon as I saw CNN telling people not to do it.
If they're afraid of a bank run it means it's coming

>>17954116
My money is insured by the FDIC. Only poor people handle cash paper and coins.

>>17954147
>I started withdrawing as soon as I saw CNN telling people not to do it.
>If they're afraid of a bank run it means it's coming

This CNN article?
https://www.google.com/amp/s/amp.cnn.com/cnn/2020/03/18/economy/banks-cash-coronavirus/index.html

>>17954126
u dont mean that

>>17954183
FDIC insurance only covers $250k

>>17954183
That assumes the country survives

>>17954126
Fuck banks

>>17954116
>Trying to cause a run on banks
God bless you, crash this with no survivors.

>>17954210
why the fuck would you hold 250k of cash? my money is invested

>>17954116
im going tommorrow to withdrawl 9.9k cash

>>17954183
It's not about bankruptcy risk. It's about the government going nazi and limiting the way you can handle your money. It happens all the time in a time of crisis.

>>17954276
good goy!!!

>>17954287
This

Holding onto ~$90K cash with the rest in crypto. Closed my account and gonna wait for this shit to stabilize before I do anything else.

>>17954116
>hoarding cash like toilet paper when there's nothing left to buy
ngmi

>>17954287
lol, keep that fud going

>>17954384
>crypto
Not investing your money in first aid kits for the coming post apocalypse

>>17954116
Look at all that TP!

>>17954116
All my cash is in Kleros, I've gained 13 ETH now from the jury, and am still 18% up on my buys.

Comfy gang. Just buy Kleros.

>>17954126
Get yours before you get got. Bet you will even buy ARPA late too.

>Bank runs.
>CDC announces cash is found to be #1 vector for virus transmission.
>Mandatory cash drop-offs to exchange for new government issued gold/silver-backed digital credits.
>Gold goes to $10k oz
>Silver goes to $100 oz

>>17954116
Nice try Jamal

sooo when they enact martial law and take all ur guns and money and food then what? you did buy bitcoin and memorize your seed words right???!?

Please get educated about FDIC insurance. It covers up to $250k per account. However how much does the FDIC actually have in reserves, only $100 billion. That's not enough to coming close of a major bank fails

>>17954126
that can only happen because banks do gay faggot things with the money you deposit

>>17954126
Money changer detected.

>>17954116
>Cash
>Virus outbreak
Motherfucker ain't no one touching your gook aids paper. Every shop in the UK is banning cash payments, contactless only.

>>17954139

There will be a short window where the banks won't let you take your money out and the fags still in denial will be accepting cash.

yes, always good to keep some hard currency

>>17954476
Pay your denbts

>>17954116
explain to me how you need paper when you can just use plastic in every shop there is.
i have had no need for paper for years now

>>17954116
I never really keep money in banks. All my money is in stocks, real estate and crypto. I never really have cash.. ever.. like 1% of my worth is in cash. Every bit of cash I receive gets exchanged to assets quick.

Cash is a hot potato you mong

>>17956011
>Real estate
Mortgages and rent are getting frozen. You about to get fucked if you are a landlord

>>17955978
>explain to me how you need paper when you can just use plastic in every shop there is.

Plastic stops working. Daily limit is dropped to $1000 or less. Gay shit starts happening.

>>17954941
How can one government be so based?

>>17954139
based

>>17954287
This. Except i want to get cheapies. Is it safe to have it transferred to brokerages?

>>17956067
I am a landlord with no mortgage. Plus.. my tenants just paid me saturday :) One of them I know has been laid off so I'm going to tell them to just pay half now so they have money to feed their family until things clear up. Really though, cash is fucking dumb

>>17954126
Just let the doomer doom a little.
>>17954116
Go on kid, pop off a few dooms for us, show us your Gretta face

>>17956081
This. However I rarely use my money so what advice do you have for me? I have some in brokerages so hopefully they're not as limited.

>>17954941
10/10 elicited a visceral reaction from me

yeah withdraw money from the place that's been built to prevent you from getting robbed, during a time when the cops will be too busy to help you and criminals in some cities aren't going to get arrested for robbing you.

>>17954116
my cash is in the bank because I can't pay bills with cash in hand right now.

all the real adults are in the same boat.

so there's not going to be a bank run, because scared children like you guys don't actually have that much money.

>>17954116
>>17954126
we live in the era of electronic transactions you morons

>>17956266
They can limit it tho.

>>17954358
Das right go- I mean friend, keep your money under your mattress, inflation will keep it nice and safe!

>>17956266
So why is email instant but when I send cash electronically it takes days and costs money?

>>17956147
>I have some in brokerages so hopefully they're not as limited.

Until they go broke. It's in the fucking name.

>>17954941
Is this what shiny metal retards tell themselves to cope with the fact that they're too stupid to invest?

>>17956227
You don't understand the game that is afoot. Why risk it. If you don't hold it, you don't own it.

>>17956301
Wire transfer are very quick, ACH takes a couple of days because it's free and secure.

>>17954126
Is something wrong mr. schlomo? Can't let the goyim have their own cash right? Fuck off.

>>17954210
>FDIC insurance only covers $250k
only Chequing not Savings, check the fine print.

>>17956327
cash can't be owned
it's a debt owed by the government, and if they collapse your paper is worth exactly nothing.

might as well keep it in the bank. But retards like /biz/ can't comprehend this

I'm sure you're enlightened and have bought gold or silver or bullets, pretending any of those things are any more than worthless rocks when shit hits the fan.

>>17954235
Implying it wouldn't.

>>17955013
They go to the federal reserve as ask to print enough to get them out of this mess. That’s serious though...that’s the protocol.

>>17956418
let me guess.. you didn't buy toilet paper?

>>17956418
Bullets aren't worthless rocks dumb ass

>>17956399
Being this fucking retarded

>>17954276
Hows that working out for you today?

>>17954139
like toilet paper?

>>17956459
I'm the dude with a garage full of TP. Pic relate
>>17956462
>Bullets aren't worthless rocks dumb ass
the only bullets you children would shoot would be at yourselves.

>>17954941
>Mandatory cash drop-offs to exchange for new government issued gold/silver-backed digital credits.
>implying it'll be backed by anything
You'll be expected to take your permanent loss of anonymity in making transactions up the ass, and be thankful for being given a window to have non-zero wealth.

>>17956147
Use money to buy physical goods at really low prices when people get desperate, then money will be worthless because fiat scam will be revealed, then we go back to barter economy and since you buy physical products as I told you just go on with barter economy until things get fixed and a new monetary system arises

>>17955013
As of next week, required reserve is dropping from 10% to 0%.

>>17956227
>I can't pay bills with cash
Imagine being this level of good cattle and think cash is only useful to pay bills

anon invited you to open an account OneGold.com and receive an instant $5.

Once you make your first purchase of $100 or more, you will receive another credit of $5.00 that you use towards future purchases.

Give the gift of financial peace of mind by inviting your friends and family to OneGold.

https://www.onegold.com/join/718ecb323e3546db9c9ae0ff933bf7c9

>>17956608
oh you mean like influencing people's behavior or amassing goods?

yeah buddy, I run a business so those are just bills I pay through my bank. I buy people like you, usually via electronic deposit to your checking account. You are just someone's bill to pay.

>>17956533
Just a reminder -
Stay safe guys

>>17956817
lol would you rather I posted guns and ammo?

I don't care if someone raids my TP stash, I wrote it off as a business expense in 2019 and it's insured anyways.

Not that anyone's tried, there's no actual shortage of TP in the US except at grocery stores. Wholesalers have literal shitloads. I can get a new truckload by tomorrow morning if I need it.

>>17954116
Big balls move would be to trade all that cash right now for the stablest commodity know to man. Toilet Paper.

>>17954183

I'm going to guess that that's based on the assumption that maybe 1 or 2 banks go down. Have any of you considered what happens if every 3rd or every 2nd bank undergoing a cascading failure?

I have 100K in BOA and they limited my withdrawal to $3k.... How do I get my money?