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54305848 No.54305848 [Reply] [Original]

When a bank run happens people go and put that money in other banks, said banks can then lend that money to the banks getting a run. This deals with at least 90% of the problem, the FED can print the other 10%.

>> No.54305976

>>54305848
this what they are trying to do. problem is people want to withdraw funds and put it into treasuries, or they need to spend the money on expenses.

>> No.54305989

>>54305848
>people
corporations. people bring it home

>> No.54305997

>>54305848
What happens when people start putting their money in bitcoin instead?

>> No.54306057

>>54305848
That is how the central banking system works. The Federal Reserve isn't an independent entity. It is controlled by the banks who are members of the Federal Reserve System. When banks borrow money from the Federal Reserve they borrow money from each other, and the Federal Reserve board (currently headed by Jerome Powell) dictates the terms of that lending. It is a system for providing liquidity in times like these.

>> No.54306071

>>54305997
Bitcoin sellers can lend the money, money doesnt disappear in such short timescales. Bitcoin sellers rich in cash have that money in banks anyway, its the banks that will lend it

>> No.54306096

>>54305848
Money transfer from small bank to big bank isn't an issue, but that isn't what is happening
Transfer from bank to fed or bank to safe is a big issue

>> No.54306380

>>54306096
bot post

>> No.54306448
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54306448

>>54305997
>What happens when people start putting their money in bitcoin instead?

That is the real concern. Taking money permanently out of the beast system and out of their sphere of control. That is why they are going after exchanges and disabling on / off ramps.

>> No.54306469

>>54306448
>out of the beast system
When you buy bitcoin you pay with USD. The problem is if people just trade directly with Bitcoin and use it as an actual currency, but this never happens.

>> No.54306553

>>54305976
This, or they hold that cash physically, or buy PMs, or buy crypto. Every bank that fails leads to more distrust in the current system, and more money coming out of it. Something will eventually give.

>> No.54306592

>>54306469
>The problem is if people just trade directly with Bitcoin and use it as an actual currency, but this never happens.

It happens all around the world in countries where the financial system is in shambles or hyperinflation has set in. You speak from an ethnocentric position of western privilege.

>> No.54306627

>>54306592
>ethnocentric
Just say you hate white people. No reason to even bring this up when every western country is half shitskin at this this point.

>> No.54306685

>>54306592
Not true shitskins use USD

>> No.54306768

>>54305848
Amazing 3D although eyes start to hurt after a moment

>> No.54306785

>>54306469
It's irrelevant what you pay with. The BTC itself is not part of that system, you could pay for it with potatoes if you had enough potatoes, the point is that it cannot be controlled in the same way a fiat currency can.

>> No.54307018

>>54305848
>just save your competitor bro