[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 588 KB, 994x989, shit_in_glowies_mouth.png [View same] [iqdb] [saucenao] [google]
54286907 No.54286907 [Reply] [Original]

Wait a minute. You mean if I have my money in a US bank, some goofy bankers play around with it putting it in stocks of companies like Amazon that promote slave labor, and it's a bad thing if I withdraw all of that so they can stop playing with it and put it in Bitcoin? My goodness, everyone keep your money in the banks this sounds like a very good use of your hard-earned money for the good of the world!

>> No.54286952

>>54286907
Nobody cares what you do with your money just don’t whine and look for a bailout when your video game gold is worthless.

>> No.54286973

That's not how banks work, my child

>> No.54287136

>>54286907
i feel like there has been a sharp increase in glowies fudding crypto lately

>> No.54287152

>>54286973
maybe you could tell the class "how banks work".

>> No.54287190

>>54286952
>Nobody cares what you do with your money
then why do they want to tax it, demand control over it, and harass the people who develop it?
>>54286973
banks take user deposits and buy bonds, bonds are loans to the government, which uses that money to fund war and pay contractors exorbitant amounts of money

>> No.54287208

>>54287152
Well in this particular scenario they put their money in us treasuries fully back by all the powers of the government and overseen by the fed
Then said fed decided and rugg them all like a jeet coin despite many public claims to the contrary
But since its all political they now try to shift blame on tech and crypto

>> No.54287369

>>54287208
>Then said fed decided and rugg them all like a jeet coin despite many public claims to the contrary
The fed told them the banks they were gonna rugg them.
The banks were like, naw, you're gonna cut interest rates, or you'll bail my ass out.
your choice.
and is funny because they were required to stress test for rising interest rates (if $50+ BB in assets but they rolled that part of dodd frank back to only banks with $250+ BB in assets), with the expectation the orderly liquidation authority provision of dodd frank would be exercised, but when they exercised it, it cause a bank run so we bailed them out lol.

>> No.54287515
File: 8 KB, 225x225, SLURP.png [View same] [iqdb] [saucenao] [google]
54287515

>>54287190
>tfw you realize fed is forced to buy BTC now as a hedge in case banks fail so they can continue to fund our military

Holy shit. They're probably the ones who are really behind this pump. FEDS BE SLURPIN!

>> No.54287767

>>54287369
I was talking about 2021 where the fed said rates low for years
And then the 75 bps hikes in summer 2022 which the fed also said they would never do
By the time of jhole the duration mismatch already meant it was all over for the banks

This was all powell fault, this isnt like your stack of eth that can be liquidate in moments, the amounts of tbills these banks have could not be sold without killing all market liquidity and by that time hedging it also exploded to the upside so banks where gonna go bust or bailout

>> No.54287818

>>54286907
>if I have my money in a US bank, some goofy bankers play around with it putting it in stocks of companies like Amazon
no, that would be a good idea
they buy bonds with your (theirs now) cuck money
and then when the hike came (they knew about it), your money is gone