/biz/ - Business & Finance

>>54028668
>2 more weeks

>>54028668
They are too big too fail. DC will bail out everyone.

>>54028668
Most americans dont have $10,000 in the bank let alone $250,000
This is only a problem for stupid greedy rich fags. Smart rich fags keep $250,000 in multiple banks (Fidelity alone gives you a $1,250,000 insurance by spreading it to five banks) and the rest into short term bond etfs like BSV or even VUSB.

But then again silicon valley venture capitals are some of the dumbest motherfuckers in the country

>>54028668
Realistically how much cash can I get out of my credit union on a Saturday morning?

>>54028668
Fed has a machine that literally prints money, reserves don't matter.

>>54028761
Lmaooooo

>>54028714
>They are too big too fail. DC will bail out everyone.
With what?
Unlike 2008 we are in an inflationary spiral. If they bail them all out again inflation will go right back to 10%.
Not to mention that they have to increase the debt ceiling again.
There simply is no money, it's game over. Most western countries have 100% debt or more of their gdp.
The only choice they can make is that it's going to end in hyperinflation or deflationary depression.
>Destruction of the currency
>Destruction of the economy
Pick one, long term it doesn't really matter though.
I'm betting that they go for hyperinflation.

>>54028668
this bubble is going pop and rekt everything isn't it

I mean even if we assume not every company exposed to this goes under, assume some go under, there's probably companies exposed to those companies who will go under and it'll just keep going

>>54028876
>The only choice they can make is that it's going to end in hyperinflation or deflationary depression.
or just remove the bankers

>>54028876
The media is going to tell us that XYZ (their friends) is too big too fail and that printing money, borrowing more, and allocating tax money into bailing out XYZ is good and justified.

>>54028761
they can have 1000 bucks in the bank
5 dolla out of that is covered
the rest will be paid out in 2 weeks if the banks fail, be patient and wait in line

>>54028714
don’t worry, it will be bail-ins this time

>>54028938
Yeah anon, the entities in power are totally gonna remove themselves. Ya know, out of moral duty

>>54029066
thats not what i wrote

>>54028876
>I'm betting that they go for hyperinflation
I'm seconding this because we have the debt ceiling meme coming up this May AND we're in the post-shemitah jewish jubilee year until October 2023. Perfect chance to "release all debts" in accordance with the Torah and send the goyim spiralling.

holy shit you guys are so fucking retarded
it hurts me that I can't take advantage of you.

>>54028668
god that's like $400 per person but imagine the devastation if this is true

>>54028668
You do realize that the fed can print unlimited money right?

>>54029184
i mean yes but does it fix anything?

>>54028668
And the U.S. treasury has infinite money because they can just print it.

>>54029284
i mean if the digits on their bank balance sheet go poof and the fed just adds the same digits to a new bank balance sheet, is that even inflationary?

>>54029184
Nope. Inflation.

>>54029400
Man, we deserve to become Zimbabwe. No doubt about it.

shid nd fard

>>54028668
BANK RUN TIME (I'm going to bank rn now haha so weird haha)

>>54028668
>Oil_Pan_Drain.jpg

Not our problem.

>>54028876
System collapse chads where you at? Comfy af.

>>54028714
yeah maybe they'll bail us out by blowing up the world

>>54028934

People making promises they can only keep if other people keep their promises. If just 2% of the promise are broken, an overwhelming number of people can't keep their promises either.

>>54028668
Neat, if they don't cover my FDIC insurance I won't pay taxes, then. Fair game.

>>54028668
powell will launch hyperinflation to save everyone, then you get your money back but can only buy a bread with it

>>54028668
>Let that sink in.

>>54028774
No one uses cash, so it's even simpler now — they just tell everyone there's plenty of money and you can never prove them wrong.

>>54028714
Which increases inflation which increases rates which causes more banks to fail which causes more bail outs etc..

>>54028876
>Unlike 2008 we are in an inflationary spiral. If they bail them all out again inflation will go right back to 10%.

70% actually

>>54028668

>>54028876
>inflationary spiral
Weve been in deflation for nearly a year

>>54028769
Im planning on maxing out the closest ATM near me until it stops giving me money.

>>54032004
We've been in DISINFLATION for like 3 months max dipshit. We've overall been at 6%+ inflation though for over 2 years.

>>54028668
Is it possible to redirect the FDIC money to Ukraine?

How likely are Canadian banks to have this problem? We don't have so many small banks as the States does, mostly big ones, but still the gov has raised rates a lot and there will likely be more to come

>>54032110
check the m2 faggot, we reached peak money supply last april

>>54032060
Wow five hundred dollars.