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/biz/ - Business & Finance

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File: 154 KB, 800x1206, bidenbros.png [View same] [iqdb] [saucenao] [google]
25854957 No.25854957 [Reply] [Original]

Are you ready for your savings account haircut?

>> No.25855071

>>25854957
this is the same communist shit that cancucks were doing for 'stimulious relief' and itl all go into the hands of niggers.

>> No.25855099

>>25855071
Disguised wealth transfer

>> No.25855161
File: 85 KB, 641x556, file.png [View same] [iqdb] [saucenao] [google]
25855161

https://www.bnnbloomberg.ca/ottawa-casts-eye-on-pre-loaded-stimulus-in-canadians-savings-accounts-1.1531766

>> No.25855178

>only black and brown people will get money

Biden's administration is going to be so fucking funny. It's going to be just like Trudeau's except without the healthcare and with corporations just absolutely exploiting muh racism muh masks and virtue signaling while the middle class fucking suffers.

>> No.25855182

>>25855071
which they will promptly use on jordans and cocaine

WHY DID I HAVE TO DO 15 MOTHERFUCKING CAPTCHAS WTF

>> No.25855203

>>25854957
Cool. Just liquidating my savings to cash and boomer rocks

>> No.25855219

>>25854957
>Savings account
Top kek! Imagine being such a fucking retard that you hold fiat in a scam bank...

>> No.25855277
File: 85 KB, 620x387, PF-gold-confiscati_2525827b.jpg [View same] [iqdb] [saucenao] [google]
25855277

>>25855203

>> No.25855292

>>25854957
can someone explain what this would mean in real world? They obviously wouldn't do a cash grab so likely something like a tax would make most sense. If this is the case isn't it a good idea to transfer any savings to crypto or boomer stocks?

>> No.25855305

>>25855292
You WILL spend the money.

>> No.25855318

>>25855277
Checked but people then actually thought it was patriotic to hand over their PM's... now people will laugh

>> No.25855342

Sorry biden, no savings for you. I have criptoe currycenies now. Btw I hope you send us some more money do I can buy buy more cripto

>> No.25855353

>>25855318
this. Any coins I may or may not have had were lost in a boating accident, along with guns.

>>25855305
make me nigger

>> No.25855363

>>25855292
Bail in provisions are already in the fine print on your savings account. Looks not much different

>> No.25855384

>>25855292
they force you to have x% gov bonds in savings

>> No.25855398

>>25855292
Oh they couldn't? Maybe brush up on a little recent history and what it means for banking for the rest of the world. A precedent has already been set.
https://www.globalresearch.ca/bank-deposits-confiscation-the-cyprus-experiment-and-the-launch-of-a-global-trend/5338774

>> No.25855414

>>25854957
This must be that fag that was on Joe Rogan sometime early on in the China Plague saga. He wants to quite literally bolt everyone in their homes for a month and he’s one of Harris’ top guys.

>> No.25855443

>>25855277
Good thing I'm full silver

>> No.25855459

>>25855277
How did this not start a riot? I thought people were less trusting of the govt back then

>> No.25855463

>>25855161
Just fucking let businesses open holy fuck. That's why people have money all of a sudden, there's literally fucking nothing to do with it right now. I can't even buy fucking clothes in my city because they're somehow "not essential". But like, fuck ordering that online when I can't even try it on, or 3d scan my body to see if stuff fits.

>> No.25855465

>>25855363
This.
For anons who are not aware of this provision see this article. Dodd-Frank allows banks to take funds out of their depositors accounts. https://www.theepochtimes.com/how-dodd-frank-made-it-legal-for-banks-to-confiscate-funds-during-a-banking-crisis_3097779.html

>> No.25855478

>>25855292
Who has a savings account they are worthless put everything in a checking account

>> No.25855479

>>25854957
Holy shit
Savings are up because people are scared as fuck for the future. Literally ISLM curve
>democrats elected
>the goys are saving?
>lol it's ours now
Fucking
Clockwork
>>25855277
Boating accident

>> No.25855480
File: 201 KB, 600x450, Crips.jpg [View same] [iqdb] [saucenao] [google]
25855480

>>25855342
>Investing in crypto
>Not investing in crips
ngmi

>> No.25855481

>>25855292
No they essentially just take loans from the banks and then it just adds to the debt when we never pay it back. They borrow our money then we have to pay it down. Remember the govt doesn’t generate revenues on a scale needed to pay for their programs. The only money they have is stolen from taxpayers.

>> No.25855511

>>25855459
They had a scary Great Depression so everyone just went along with it.
Sort of like COVID-19 now.

>> No.25855520

>>25855459
It was during the depression. People were told this was a way out of the crisis. So they were more willing. Sound familiar?

>> No.25855534

>>25855292
This could also refer to cashing in on the saving through an "inflation tax". Meaning printing money, which is what we have been doing.

>> No.25855557

>>25854957
The ants work while the grasshoppers play. Then the grasshoppers start a communist revolution. Clockwork...

>> No.25855571

>>25854957
>health advisor
>giving economic advice
This drives me up a wall

>> No.25855581

>>25855511
Checked full house get

>> No.25855730
File: 310 KB, 496x877, fed.png [View same] [iqdb] [saucenao] [google]
25855730

>>25855571
>health advisor
>giving economic advice
>This drives me up a wall
We also have economic advisors giving health advice if you prefer.
>Reminder that the repo market crashed for the first time since 2008 in September 2019 shortly BEFORE COVID-19 was hyped to death as the end of the world
>Reminder the Fed pumped trillions of rescue money into it starting in September 2019, not February 2020

>> No.25856080

>>25855459
Also, the media was unironically co-oted to ostracize people who doubted turning in their gold as unpatriotic. The media brainwashed the citizens against each other for the banks....

>> No.25856637

>>25855730
>>25855730
>>Reminder the Fed pumped trillions of rescue money into it starting in September 2019, not February 2020
what are you implying?

>> No.25856681

>>25855099
Based, fuck those communist megacorporations, give the money to the real american people.
Fuck commies, fuck jannies and fuck terrorists.

>> No.25856705
File: 2.59 MB, 800x450, 1600837325842.gif [View same] [iqdb] [saucenao] [google]
25856705

>>25854957
Jokes on these faggots. Every penny I have goes direct to crypto and stocks. Suck my fucking dick!

>> No.25856769

Good thing my entire net worth is in crypto right now
I don't even give a fuck about the dump, as long as it doesn't go to DC cocksuckers

>> No.25856776

>>25854957
Stop fear mongering and take your meds. They rob thru inflation not literally. You saw what the loons did last week...what'll think will happen when the people actually have a legit reason to riot.

>> No.25856943

>>25855481
Government's biggest lie is "We would love to do X, but gosh we don't have the funds"
Always money for war, always money for special interest, always money for foreign programs. Always money for transgender surgeries in Bangladesh, always money to count checzkvakian goldfish in east bermuda.

No money for the ghetto
No money for training and equipping police
No money for healthcare
No money for vets
No money to make you house affordable
No money to make pay scale with inflation
No money for small buisinesses
No money for tax payer relief

Now. You SEDITIOUES! Peasants. Go to have a silver war and blow each other's legs of with IEDs!!!!

>> No.25857096

>>25856776
Thx Senpai. Taking my meds.

>> No.25857160

>>25856943
Fuck the ghettos and healthcare for niggers and shit.

>> No.25857161

>>25856637
Instead of trying to explain why shit was crashing they can now just point to COVID and the taxpayers go
>Oh yes of course! Here's an extra 10% to help!

>> No.25857239

>>25855480
i've made a lot of money investing in crips

>> No.25857553

>>25854957
>that we could borrow
Link the article op. Borrow what? Borrow deposits? Its already borrowed by the bank. Your pic isnt explaining anything.

>> No.25857818
File: 309 KB, 3000x1875, causes.jpg [View same] [iqdb] [saucenao] [google]
25857818

>>25856637
>what are you implying?
Don't need to imply anything. Just telling you facts. Repo market crashed for the first time since the 2008 crash in September 2019, a couple months before COVID-19 hysteria began.
Also the multi-thousand year old actual flu, with us since the dawn of history, mysteriously disappeared because of halfassed social distancing measures that weren't successful in stopping a new virus aged about one year or less.
And when John Hopkins released a newsletter a couple months back pointing out how deaths from other causes fell by the same amount deaths attributed to COVID-19 increased it was almost immediately deleted from their website.
>When Briand looked at the 2020 data during that seasonal period, COVID-19-related deaths exceeded deaths from heart diseases. This was highly unusual since heart disease has always prevailed as the leading cause of deaths. However, when taking a closer look at the death numbers, she noted something strange. As Briand compared the number of deaths per cause during that period in 2020 to 2018, she noticed that instead of the expected drastic increase across all causes, there was a significant decrease in deaths due to heart disease. Even more surprising, as seen in the graph below, this sudden decline in deaths is observed for all other causes.
>This trend is completely contrary to the pattern observed in all previous years. Interestingly, as depicted in the table below, the total decrease in deaths by other causes almost exactly equals the increase in deaths by COVID-19. This suggests, according to Briand, that the COVID-19 death toll is misleading. Briand believes that deaths due to heart diseases, respiratory diseases, influenza and pneumonia may instead be recategorized as being due to COVID-19.
https://web.archive.org/web/20201126163323/https://www.jhunewsletter.com/article/2020/11/a-closer-look-at-u-s-deaths-due-to-covid-19#

>> No.25857862
File: 763 KB, 2168x1428, repos.png [View same] [iqdb] [saucenao] [google]
25857862

>>25855730
>>25856637
>>25857818

>> No.25857946

>>25855520
The cycle continues

>> No.25858048

>>25854957
So the savings rate in the US is 22% but supposedly half of Americans can't afford an unexpected $400 purchase?

>> No.25858064
File: 179 KB, 264x510, fed.png [View same] [iqdb] [saucenao] [google]
25858064

>>25855730
>>25856637
>>25857818
>>25857862
Check the date on pic related and note not a single mention of a virus involved in the economic problems happening.
What they DO mention is how convenient it is there are other news stories to distract from the multi-trillion repo market oopsie.
Remember swine flu and how it wasn't treated like the end of the world even though it was highly infectious and responsible for many deaths?
Maybe we have new viruses every year and there's some choice involved in which ones are hyped and how much.
Just a thought.

>> No.25858080

>>25854957
Theyre offering you returns on your money anon why are u complaining

>> No.25858092
File: 157 KB, 900x900, not cent.jpg [View same] [iqdb] [saucenao] [google]
25858092

>>25856943

>> No.25858116

>>25857160
Our health care system is unironically 3rd world. No matter how you look at it.
>get t-boned in an intersection at 70 mph by Cletus running from his Dealer Tyronne after stealing 20 dollars of meth
>Healthcare jews pay for fucks all
>lol tey sueing cletus for his net worth of 2 dollars and trailer
>cletus has not a scratch on him, released early for non violent offense
>spend rest of like paraplegic and in 500k debt

>Send Bobby to war
>fucks his brain and body
>free healthcare at the worst hospitals in america

>> No.25858119

Biden won, you bigot. We are real women now.

>> No.25858173

>>25855459
there were tons of exceptions so it basically only hit big stackers, and it was only enforced a few times

>> No.25858190

>>25854957
good thing i have no savings account.
>t. unemployed and couldn't care less

>> No.25858205

>>25858064
this

>> No.25858262

>>25855459
many people just punched a hole in their coins for it to be considered jewelry. plus, the psychological distinction between gold/fiat wasn't there at the time because fiat was not the norm.

>> No.25858385

>>25858048
avg savings rate for bottom 50% of people = 0%
avg savings rate for top 50% of people = 44%
aggergate avg: 22%

>> No.25858405
File: 310 KB, 1280x1280, P0.jpg [View same] [iqdb] [saucenao] [google]
25858405

>>25858119
Based. Only better leverage opportunity than real estate is divorce court.

>> No.25858453

>>25858385
If I'm richer than 60% of Americans my age. What does that mean?

>> No.25858504

>>25858453
is there any half decent statistics for this? everytime I keep seeing different answers everytime this topic comes up. I know we all have way more but I was to know just what percentile we're all in

>> No.25858535

>>25858405
Kek

>> No.25858536

Doesn't the federal government recommend you save 30%? What are these cunts just trying to scam wagies at this point?

>> No.25859382

>>25854957
The thing is that they do take your savings either way. Where do you think liquidity comes from? It's front loaded debt, inflation is front loaded debt, the government loads you with debt and since its such a slow process, nobody notices how slowly but surely their standard of living is eroded. Life just gets more miserable and minimum wage does not even last for 15 out of 30 days.
If wages would be pegged to Monetary supply expansion, every person in the US would be getting a 20% raise.

>> No.25859571

>>25858504
Probably none up to date until tax season, for covid level incomes i mean. Just find some BLS median income stats by age group. if you make above the median income youre in the top 50%,

>> No.25859632

>>25854957
lol
imagine holding fiat

>> No.25859928
File: 43 KB, 750x766, 1600128930965.jpg [View same] [iqdb] [saucenao] [google]
25859928

>>25855730
>>25857818
>>25857862
>>25858064
I appreciate you spoonfeeding the newfags.

and if there's one thing I've learned from finance/markets/biz: someone is always trying to sell your something.

>> No.25860073

>>25855277
this is why the only physical metal worth investing in is lead and brass