/biz/ - Business & Finance

[Anonymous No.54115685]

why can't banks just hold cash? wouldn't that solve all issues? do they really need to lock up 100% of their cash in questionable investments all the time? i know holding cash is bad cuz inflation but like, a bank's purpose is to hold cash... it's kind of their job.

[Anonymous No.54115747]

>>54115685
Reported to the ADL for being anti-semetic.

[Anonymous No.54115763]

>>54115685
their job is to make money OP. they do that by being fucking degenerates, just like us

[Anonymous No.54115764]

wheres my fucking money?

[Anonymous No.54115769]

this isn't pol, mate. if you wanna larp as hitler maybe don't do it on the blue boards.

[Anonymous No.54115776]

>>54115685
1) greed
2) government needs to rack up debt somehow.
Who will buy the debt if not for banks with your money?

[Anonymous No.54115793]

>>54115685
>do they really need to lock up 100% of their cash in questionable investments all the time?
yes. how else are you going to pay all the parasites working for the bank? they bring no real economic value yet have the biggest paychecks. this money has to come from somewhere.

[Anonymous No.54115805]

>>54115685
thats why crypto is better. You can just withdraw it from banks and store in your own wallet, while still being 100% digital.
So if you dont trust a bank, only keep 0.1 btc in it and the rest in your own custody.

[Anonymous No.54115846]

>>54115685
You are thinking of funds boyo. Banks play with cash.

[Anonymous No.54115923]

Would you pay them a monthly fee to keep your cash safe out give it to them free so they can lend it out?

[Anonymous No.54115946]

>>54115685
why is anti-semitc garbage like this allowed on this board

[Anonymous No.54115988]

>>54115685
>why can't banks just hold cash? wouldn't that solve all issues? do they really need to lock up 100% of their cash in questionable investments all the time? i know holding cash is bad cuz inflation but like, a bank's purpose is to hold cash... it's kind of their job.

The fed baned banks that only held cash in the past, because if they held bonds they use your money to finance your enslavement by buying shit bonds from the government.

It's a way to outsource confiscation of money.

[Anonymous No.54116002]

>>54115747
This. 100% THIS.

[Anonymous No.54116075]

would you hold cash if you could gamble with it without consequences, give yourself a 30 million bonus and resign if you lose the money?

[Anonymous No.54116116]

>>54115685
they won't receive a license. it's been tried.
they were told that they wouldn't be allowed to operate with such an unfair advantage, as all depositors in the country would simply move their money to that bank, and no others.

[Anonymous No.54116147]

>>54115685
>a bank's purpose is to hold cash... it's kind of their job.
that also isn't true. doesn't matter if everyone in the country has only $5 saved or $50 million saved. for economic activity to happen at all, even in total anarchy, requires that pooled savings are put to work in an investment of some kind, to fund the operation. there's no such thing as work without capital first.

[Anonymous No.54116196]

Serious question bros, what do I look for to determine if my credit union is safe? Is there some kind of language or sign I can find, say on their website, that indicates whether they simply hold their cash in another vulnerable bank?

[Anonymous No.54116211]

>>54116196
make sure they have FDIC insurance

[Anonymous No.54116245]

>>54115685
seems like this is a predictable pattern

>new bank regulations
>banks accept the new normal
>banks lobby & look for profit elsewhere
>banks get more loose
>bank crash
repeat step 1, seems pretty inevitable given bankers jobs are to maximize profit

see you in 2035 next bank crash

[Anonymous No.54116274]

>>54116211
I thought FDIC was only for banks not credit unions. Also if the FDIC is a genuine protection for me and my regular bank is already FDIC insured then why are people saying credit unions are safer? Sorry for being a retard needing spoonfeeding but yeah, please spoonfeed me because I'm retarded

[Anonymous No.54116281]

>>54115923
Abandon lending completely in a nation where a 1% interest rate hike seriously impacts real economic output? Genius.

[Anonymous No.54116305]

>>54115685
cash goes down in value. How are they gonna make money holding something that goes down in value?

[Anonymous No.54116342]

>>54115747
came here to say this

[Anonymous No.54116381]

>>54115769
>this isn't pol, mate
Wrong.

[Anonymous No.54116387]

>>54116274
yeah if your credit union isn't FDIC insured I'd bail lmao

[Anonymous No.54116404]

>>54116381
/pol/ is the retards we keep around to laugh at

[Anonymous No.54116457]

>>54116387
uhhhhh im getting a little nervous bros

[Anonymous No.54116460]

>>54116305
it wouldn't go down if money creation (lending) was a thing.

[Anonymous No.54116481]

>>54116460
*wasn't

[Anonymous No.54116518]

>>54116457
>While the NCUSIF coverage protects members at all federally insured credit unions from losses on a broad spectrum of savings and share draft products, it does not cover losses on money invested in mutual funds, stocks, bonds, life insurance policies, and annuities offered by affiliated entities.
does this sound like you at all, or do you just have a savings/checking account?

[Anonymous No.54116533]

SNEED credit union, formally FDIC insured by Chuck.

[Anonymous No.54116544]

>>54116518
No i literally just throw a little money into it from my check every week and that's it. i guess im safe?

[Anonymous No.54116557]

>>54116404
stay mad tranny

[Anonymous No.54116560]

>>54116116
>all depositors in the country would simply move their money to that bank that pays 0% interest, and no others

[Anonymous No.54116575]

>>54116196
look at their call report. check and see if they have any cash on deposit at other financial institutions (line 730b2)
>t. cu ceo

[Anonymous No.54116583]

>>54115685

[Anonymous No.54116589]

>>54116544
maybe open up some bank accounts and spread your capital a bit

[Anonymous No.54116603]

>>54116387
fdic only insures banks. ncua insures credit unions

[Anonymous No.54116660]

>>54115747

[Anonymous No.54116709]

>you see, fractional reserve banking is a Good Thing™ because it means that your money can stimulate the economy while you’re not using it!
>okay so what happens when the guy at the end of the chain defaults?
>

[Anonymous No.54116731]

>>54116589
I already have a bank account, CU is just a supplement
I also have some gold and silver that I keep hidden in my-ACK!

[Anonymous No.54116769]

>>54115685
Good job, now you finally understand how much of a scam/evil this banking system is

[Anonymous No.54116831]

>>54116731
precious metals have been doing decently. not as good as btc but they're doing ok
so you just gonna wagie through whatever happens this year then, and then try to slurp up the wreckage?

[Anonymous No.54116851]

>>54116709
One guy doesn't matter. It fails when the buffer overflows, the system is not absorbing fluctuations anymore but crumpling completely as it crashes against reality. The collapse o America is not caused by fractional reserve lending, that just delays the consequences.

[Anonymous No.54117151]

>>54116831
Yeah, I hate my job but it's recession proof so I can at least be king of the ashes worst case scenario

I've also been studying how people got by during the depression, and so I'm hoarding certain "everyday luxury" items like bar soap and toothpaste that people would be desperate for if store shelves went bare. Also tools and skills like sewing machines and tailoring in case things get desperate enough that people have to repair old things instead of just replacing them via Amazon

[Anonymous No.54117199]

>>54117151
nice dude. gl I hope you make it

[Anonymous No.54117246]

>>54117151
I'm confident there's enough cheap clothing stored to dress everyone, there weren't asian sweatshops and cargo containers in the 30s

[Anonymous No.54117385]

>>54117246
True but people also have sentimental attachments and expectations beyond what existed then. It's part of my theory on why """poor""" people in the US act like animals when they have cars and food and big screen TVs, whereas actual poor people in the third world are sometimes more clean civilized - they don't have American Dream expectations. So for that reason I think people here might have greater sentimental attachment to their current belongings like clothes and shoes they'd want fixed before they worse shitty chinese stuff. And hey, worst case scenario I can just fix my own stuff, the $15 sewing machine from Goodwill wasn't a huge investment.

I ought to learn how to resole shoes. I can already do minor soldering for electronics and shit. I was also thinking of hoarding used iphones or cheap android phones. Up and coming zoomers / gen alphas would probably do anything for a phone if they really sneeded one.

[Anonymous No.54117486]

>>54117199
Thank you anon and likewise, you can have a free fresh bar of soap when it all comes tumbling down

[Anonymous No.54117520]

>>54115685
the cash doesn't exist, it's all numbers on a screen

[Anonymous No.54117583]

Banks create credit. And we create progress with credit/debt.
Yes it's an extremely clown market system, but that's the system we created. If banks just held our money 100% that means no credit, or in other words close to no progress. Same with inflation and printing money, if there was none of that everyone would just hoard and save which equals little to no progress.

I have no idea what is the solution to this problem. We either live in this clown market sucking the blue pill or we go back to stone age hoarding rocks in our caves, no inbetween.

[Anonymous No.54117587]

What is a practical way to fight against banks? Agitate for other countries to nationalize sectors with investments and cancel foreign (American) debt? Crypto? Mattresses? General strike?

[Anonymous No.54117659]

>>54115685
Banks would not be profitable enough if they only held cash. Why would anyone open a bank, if there was no profit? How could they pay their workers? Private banks need some income.

Why can't you hold cash? Why do you have a bank account?

[Anonymous No.54117693]

>>54117659
Only reason is to prevent minorities from stealing your cash

[Anonymous No.54117815]

>>54115685
It could work if banks were able to charge a recurring fee for their services. Of course, if just one bank was offering free accounts and investing deposits it would drive all the others out of business

[Anonymous No.54118061]

>>54117815
I disagree. If a few banks offered a fee to hold only cash, there are plenty of people who would open an account. There would be tremendously less risk, but it would mostly be wealthy individuals.

Most poorer people would continue to use riskier banks, since they would never reach the FDIC insurance limit. And there are plenty of wealthy people who are stupid and think they are saving money by not paying the fee.

[Anonymous No.54118108]

>>54115685
Everyone in looking to hedge inflation at any moment. Preferably, jeets run to stablecoins, likewise myself hiding under stables earning rewards through SpoolFi..

[Anonymous No.54118162]

>>54118061

Don't niche banks like this already exist? At the end of the day you can assess banks on risk like any other.

[Anonymous No.54118173]

>>54115685
>why can't banks just hold cash?

There is no profit there. If a bank was made to only custody money they would have no way to use your money to make money from it.

[Anonymous No.54119706]

>>54118173
A group or nation that doesn't deploy its capital stagnates while its neighbour that does grows in power. Even if the goal is some kind of return to monkey gardens the people with more power are more capable of accomplishing that.

[Anonymous No.54119733]

>>54115685
>a bank's purpose is to hold cash
Lol. Ive never heard anything more anti-Semitic in my life.

[Anonymous No.54119765]

>>54115988
checked

[Anonymous No.54119773]

>>54117659
gee it's almost as if we shouldn't have private banks. maybe one giant nationalized bank is the way to go...

[Anonymous No.54119819]

>>54115923
Huh? Do bank fees not exist in America?

[Anonymous No.54119826]

>>54115685
The safe in your closet is for holding cash. Never trust a Bank.

[Anonymous No.54119880]

>>54116116
>they were told that they wouldn't be allowed to operate with such an unfair advantage, as all depositors in the country would simply move their money to that bank, and no other
>Unfair advantage
Lmao.
>>54116560
>all depositors in the country would simply move their money to that bank that pays 0% interest, and no others
This. People want their money to atleast appreciate to keep up with inflation.

[Anonymous No.54120008]

>>54115685
No you fucking moron, that wouldn't solve anything. I'm so sick of hearing retarded hot takes from someone that doesn't understand what a fucking debit or credit is. You retards wax philosophic about how banking should be done when you don't even know how an economy fucking works. You dumb motherfuckers will bitch about Jews all day but never consider that maybe you are the fucking stupid sheep they breed because you don't know shit about anything

[Anonymous No.54122366]

>>54117583
>he have no idea

there's been an daily, multi-year general about this for over two thousand threads at the moment. one of the longest generals in 4chan history btw.

it will be used to solve the global financial crisis.

its the standard.

[Anonymous No.54122391]

>>54120008
nothing gets a jew riled up more than common sense ideas about banking

[Anonymous No.54122490]

>>54116305
Why do they have to make money? Why isn’t a bank which is unable to fail not considered a national utility necessary for the benefit of a nation’s citizens? Kikes, EFT

[Anonymous No.54122492]

>>54119880
>People want their money to atleast appreciate to keep up with inflation.
Have you SEEN the fucking rates they offer?

[Anonymous No.54122520]

>>54122490
>Why do they have to make money?
because....because they just DO ok??

[Anonymous No.54122546]

>>54115685
This anti Semitic tirade is really uncalled for. I mean really, who the fuck are you; ya arrogant piece of shit? Seriously fuck you, fucking Nazi douchebag. Anti Semitism has no place on biz, go back to to the depths of /pol/ or just go sully some other site you evil coward

[Anonymous No.54122574]

>>54120008
You tell em Mori! Give dem Nazi douchebaegs what for!

[Anonymous No.54122591]

>>54115685
>why can't banks
Jews.

[Anonymous No.54122602]

>>54115769
seethe, shit skin

[Anonymous No.54122634]

>>54115685
Because they have to MAKE MONEY!

Why? They need to have commercials with well spoken, attractive people of color having a great time, thus attractive more clients to use their bank.

They also need to pay the salaries of all the 24 year old recent graduates living in nyc.

How do they make money to afford these things without investments?

[Anonymous No.54122647]

>>54122391
>>54122574
Huge gay retards think not being huge gay retards is Jewish, who would have thought

[Anonymous No.54122681]

>>54122647
Kike is mad lol

what not enough baby dick blood or something?

[Anonymous No.54122692]

>Government issues bonds
>Government tells you they are the only "safe" investment tool you are allowed to use
>Government then makes them worthless

hmmmmmmmmmmmmm

[Anonymous No.54122707]

>>54122681
>Buhhh why da bank can no have to hold all the money?? This must be the long-nose kike move

Eat a dick moron. You faggots and your kike hate are so tiring, find a new shtick

[Anonymous No.54122714]

>>54115685
banks already have invaluable info from knowing customers purchases.
meaning they will always win in stock trading and everything in life as they possess even more info then the governments of nations itself when it comes to what people do.
people think google knowing your browsing history is the shit but banks KNOW everything you actually do with your money and I mean EVERYTHING.

[Anonymous No.54122718]

>>54115685
>I know holding holding cash is bad cuz inflation
There wouldn’t be inflation if they held assets 1:1 and the dollar was still backed by gold.

[Anonymous No.54122757]

>>54122707
>Eat a dick moron.
nice projection kike, your entire religion is centered around baby dick sucking, worshiping demons, and being financial parasites.

[Anonymous No.54122830]

>>54122757
You're the one that brought up dicks in your stupid fucking post. go back to /pol/ where the rest of you flat Earth retards jerk off about who is the most white or some retarded shit.

[Anonymous No.54122850]

>>54117151
>and so I'm hoarding certain "everyday luxury" items like bar soap
been doing this since i was 5 years old with the free soap from hotel rooms, if SHTF people will be begging for a monthly rinse, whores get a competitive advantage smelling better, some variants are precursors to explosives production, its small, fungible, and not the thing the theives would think to grab in the event of a robbery

[Anonymous No.54122872]

>>54115685
Banking is a con.

[Anonymous No.54122873]

>>54122647
I’m ya brotha Mori why do you treat me with such disrespect?!

[Anonymous No.54122875]

>>54122830
/biz/ is the financial department of /pol/, the goyim will know who is eating them and why.

[Anonymous No.54122878]

>be bank
>invest in everything
>political friends all profit
>your bank yeets too hard
>political friends help you out
>everyone profits

[Anonymous No.54122889]

>>54115685
Better yet why don't they all just coordinate pump and dump scams on the public so they always gain money?

[Anonymous No.54123023]

>>54116404
dilate and seeth, troon

[Anonymous No.54123110]

>>54116560
>>54119880
Do you have any idea how low the bank interest rates are? It’s basically zero

[Anonymous No.54123170]

>>54119819
Only for poor people. If you have a student account or a sufficient balance (something like $5000 dollars for the simplest type of checking/savings account), all monthly account fees are waived.

[Anonymous No.54123324]

>>54123110
>Do you have any idea how low the bank interest rates are? It’s basically zero
Better than nothing. But coming from South Africa our interest rates are basically 5%+ thanks to our average of 7% yearly inflation.
Your low interest rates are due to your "strong" currency. But your retards just keep printing ridiculous amounts of money that your inflation is just beating nominal inflation rates.
>>54123170
This sounds odd to me but it makes sense considering how your banks treat your money

[Anonymous No.54123350]

>>54115685
OY FUCKING VEY DIS IS ANTISEMITISM

[Anonymous No.54123413]

>>54115685
imagine being a trust fund kid with a gambling addiction and a father that suffers from dementia.
your father gives you 100$ and asks you to save it for later. you, being a complete retard, go to the next casino and lose it all because you're convinced in your gay ape brain that you're going to hit the jackpot this time for sure. congrats you're all out of cash, its time to go back to pops and ask for money. he, being a complete fucking demented retard, gives you 100$ again because he forgot about earlier and loves you a lot, you're the poster child of the family of course. you throw in the 100$ and lose it all again. your neighbors are warning your dad that you're robbing him clean but he doesnt believe them. you're living a life without consequences and you know it, so you act like it. you're a bank.

[Anonymous No.54123472]

>>54123413
with a father that suffers from dementia*

[Anonymous No.54123506]

>>54123413
>>54123472
Quality analogy

[Anonymous No.54123717]

>>54115747
fpbp

OP is faggot as usual. listen OP, this what jews do as they are a parasitical class. they infiltrate society, create a parallel monetary system which mimics the one of the host nation. they then use their parasitical fake dollars to exchange with the goy for his goods and services.

[Anonymous No.54126542]

fyik

[Anonymous No.54127079]

>>54115747 /thread

[Anonymous No.54127087]

>>54115747
Kek

[Anonymous No.54127102]

>>54115764
me to jews

[Anonymous No.54129122]

>>54115685
they just get bailed out by the fed why wouldn't they risk your money

[Anonymous No.54130866]

>>54122872
Self custody is the solution anon. Good thing crypto makes it available to all users

[Anonymous No.54130906]

>>54115685
That's not hoe money works anon.
You can't just have all the money on hand all the time, you have to have fractional amounts to allow for maximum money making

[Anonymous No.54131493]

>>54115685
>do they really need to lock up 100% of their cash in questionable investments all the time?
yes welcome to capitalism

[Anonymous No.54131541]

>>54122681
wtf is that real?

[Anonymous No.54131737]

>>54115685
They are sneaky as fuck, and too bad for everyone using banks when there are better payment solutions, I will rather pay with crypto

[Anonymous No.54131750]

Stop asking questions.

[Anonymous No.54132051]

>>54115764
Give me a minute, let me ask the manager real quick

[Anonymous No.54132768]

>>54131737
I only pay with crypto because of its lower charges and cashback kek, even now real estate merchants like Kensington accepts crypto payment, Imagine how much I can make on 1.5% cashback on payment

[Anonymous No.54133279]

>>54116245
we had all the proper regulation in place after the great depression, the last bit stripped out was by Clinton 5 months before leaving office, "Glass–Steagall", which gave birth the mortgage backed securities, which brought housing prices in to play with leverage and all that bullshit.

[Anonymous No.54133596]

>>54115685
A lot of anons ITT saying "the heckin banking joo system is le EBIL &stoopid", which it is, and it is run by Jews, and the incentives that hold it up are retarded

But let's look at what a bank might have to do in the current environment to hold more % of deposits
I'm no expert, so I could be completely talking out of my ass

A bank called Based Actually Money-Holding Bank One, or BAMHO, wants to hold 50% audited reserves to attract customers, whales and large businesses that just want to fucking hold large amounts in cash without getting rugged all the time

The bank still has to beat inflation and probably add a little bit on top to entice people to hold their money with BAMHO instead of Tbills

In 2021 inflation was 10.4% (TEN PERCENT!) and last year it was 6.4% and those are only the numbers officially reported
That means in order to merely cover inflation + add a little say 2% sweetener for people to hold their money there, the bank would have to make 12% and 8% returns on all their deposits for those years respectively

And now with only 50% of their deposits available to invest and the rest in rapidly devaluing cash, that means they need to make a wild 20% and 16% return on potentially billions of dollars just in those two years and make no profit

If they didn't do that and just made below-inflation returns then they're back to just being a Tbill custodian who no one wants to use and making very little profit as well

On top of that there is the risk that a bigger bank or (((group))) of banks, seeing competition in their larger cash depositors to this new money-holding bank, would intentionally invest a lot of money, perhaps over the 50% reserve and then take it out, or some otherwise cause a bank run

This is just my idea of it
Maybe someone can tell me why I'm retarded

[Anonymous No.54133628]

>>54117583
>Same with inflation and printing money, if there was none of that everyone would just hoard and save which equals little to no progress.
>if prices weren’t constantly going up, you wouldn’t buy anything
This is your brain on the US college education system. I suppose people don’t buy TVs, computer parts, electronics, and phones because those prices are typically falling, right? If only SSDs just got more expensive instead of cheaper, then we’d have real growth.

[Anonymous No.54133643]

>>54133596
Apparently the official number for 2021 was actually 7% but you get the idea

[Anonymous No.54133688]

>>54116245
It's like an alcoholic who thinks because he's been clean a while "ah I can have one drink now and then, one drink won't kill me"

[Anonymous No.54133761]

>>54115685
Loans help businesses skip to v2 of their product. That is capitalism.

But it's risky so we encouraged people to develop money piles which created a stop and go feedback loop in the economy.

Don't forget the housing crisis that was never solved. Apartment blocks skyrocketed the value of housing, investors pumped apartments and dumped houses. This was to keep everything moving when it couldn't anymore.

Now it's really grinding to a halt but because we use a loan and insurance based system now, everything can go to hell and everything will keep functioning. We have set ourselves up to get into the deepest of shits. All in the name of profit.

And it pisses me off because we are capable of great things but that doesn't matter if there isn't a tangible return to doing them.

[Anonymous No.54133777]

>>54131541
Yes this is how circumcisions are done in Judaism

[Anonymous No.54133831]

>>54115685
If banks just held our cash we would have to pay them for the service. Who would do that when you can paid for the same thing?

[Anonymous No.54135406]

>>54115685
Banks are a business with no fiduciary responsibilities, they model themselves after the fed and lend to each other, the banker runs off with the bags and your left with cat litter and even toxoplasmosis seems like a resanoable deal.

[Anonymous No.54135498]

>>54115685
>a bank's purpose
Is to make money. They do this by lending depositors' money at rates higher than they pay depositors.

[Anonymous No.54137138]

>>54116404
>is the retards
This is what happens when you replace regular curriculum with infinite gender nonsense.