Impending collapse of our banking system

[Proud NJ Sports Fan]

It’s gonna happen sometime in the next 5 years.

They are printing $ like crazy.

What are all of you doing now to brace and prepare yourselves ?

The mindless sheep will continue to talk about political parties.

Don’t get caught off guard like those morons.

The collapse can possibly be avoided if we let elect Trump and let him actually be a President this time. Remember, he’s the ONLY one not a puppet to WEF and their one world govt blueprints.

Other than that, I guarantee they convert our system to a CAshless Digital Currency System and y’all will lose most of your wealth.

Not a conspiracy, if you choose not to believe it it’s on you, you were warned.

 

[SHUHoopsFan]

It’s gonna happen sometime in the next 5 years.

They are printing $ like crazy.

What are all of you doing now to brace and prepare yourselves ?

The mindless sheep will continue to talk about political parties.

Don’t get caught off guard like those morons.

The collapse can possibly be avoided if we let elect Trump and let him actually be a President this time. Remember, he’s the ONLY one not a puppet to WEF and their one world govt blueprints.

Other than that, I guarantee they convert our system to a CAshless Digital Currency System and y’all will lose most of your wealth.

Not a conspiracy, if you choose not to believe it it’s on you, you were warned.

I think you might be off your rocker, but people will lose most of their wealth trying to keep up with these going green laws.

 

[ed odowd]

I don’t think banking system will collapse,but the constant managing of the money supply will likely lead to severe repeats of inflation spikes which will really hurt low income workers and cause more pressure to move to a Western European socialists economy aka welfare state.

 

[Proud NJ Sports Fan]

I think you might be off your rocker, but people will lose most of their wealth trying to keep up with these going green laws.

No
Yes

 

[Proud NJ Sports Fan]

I don’t think banking system will collapse,but the constant managing of the money supply will likely lead to severe repeats of inflation spikes which will really hurt low income workers and cause more pressure to move to a Western European socialists economy aka welfare state.

They intend on replacing the system.
Who is going to stop them when most have no clue what’s really going on?

Funny , in 2019 it would have been thought to be insane to say most people would voluntarily “shelter in place in their homes for months , wear face diapers and roll up their sleeves for risky jabs cuz they were told to do so. Common sense flew out the window because they were in fear.

Wait til they say a CDBC will solve the impending crisis.

The sheep will fall in line.

 

[Merge]

Who is going to stop them when most have no clue what’s really going on?

Explain what a CBDC is and the advantages / disadvantages of it.

 

[sami]

Explain what a CBDC is and the advantages / disadvantages of it.

please wait patiently as he tries to figure out how to download ChatGPT.

 

[Proud NJ Sports Fan]

Dumb and Dumber cannot have an adult conversation

 

[Merge]

Dumb and Dumber cannot have an adult conversation

Exactly. You have no idea what you're talking about so you can't discuss it rationally.

 

[SHUHoopsFan]

Explain what a CBDC is and the advantages / disadvantages of it.

Exactly. You have no idea what you're talking about so you can't discuss it rationally.

What Is Central Bank Digital Currency (CBDC)? | The Motley Fool

Learn about what central bank digital currency is, how it works, a few advantages and disadvantages, and some examples.

www.fool.com

You can read for yourself. Google is your friend. I'm sure you guys can move the discussion along without me from this point forward.

 

[Merge]

What Is Central Bank Digital Currency (CBDC)? | The Motley Fool

Learn about what central bank digital currency is, how it works, a few advantages and disadvantages, and some examples.

www.fool.com

You can read for yourself. Google is your friend. I'm sure you guys can move the discussion along without me from this point forward.

Yes... I know what a CBDC is. I'm asking him to explain why he thinks it is a boogeyman.

 

[SHUHoopsFan]

Yes... I know what a CBDC is. I'm asking him to explain why he thinks it is a boogeyman.

So you're comfortable with a central bank with the power to decide which transactions are or aren't acceptable? Or the banks keeping data on every transaction you make? Seems overreach to me and less of a free country.

 

[Merge]

So you're comfortable with a central bank with the power to decide which transactions are or aren't acceptable? Or the banks keeping data on every transaction you make? Seems overreach to me and less of a free country.

Do you use a bank and credit card?
You think the banks and government can't see everything you're doing already? You think they can't freeze your account if they wanted to for whatever reason you come up with? We will still have cash. We will still have Visa / Mastercard allowing you to spend on credit.

As they will offer a cheaper and faster way to move money, they are inevitable.
The only remaining question is who will own the global reserve currency. Will we trade in a USD digital currency or a Saudi or Chinese one? If you're fighting against a digital USD, you are fighting against the US dollar remaining the reserve currency.

 

[sami]

The same people pissing and moaning about a regulated digital currency are the same ones who will be shouting at how the next accounting/financial crisis should have been prevented.

Deregulated digital currencies are all well and good until you lose your wealth because you forgot a password. But how can that be, I own that Bitcoin?

It’s the uneducated, like our resident MAGA dope, who are first to forget the power of financial regulation going back to the formation of the SEC and other protective measures over the last century.

 

[itsacurse]

It’s gonna happen sometime in the next 5 years.

They are printing $ like crazy.

What are all of you doing now to brace and prepare yourselves ?

The mindless sheep will continue to talk about political parties.

Don’t get caught off guard like those morons.

The collapse can possibly be avoided if we let elect Trump and let him actually be a President this time. Remember, he’s the ONLY one not a puppet to WEF and their one world govt blueprints.

Other than that, I guarantee they convert our system to a CAshless Digital Currency System and y’all will lose most of your wealth.

Not a conspiracy, if you choose not to believe it it’s on you, you were warned.

you've left a lot of money on the table these past 12 months. i encourage you to continue to bet against the us economy

 

[Proud NJ Sports Fan]

Oh look at this

Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11

The Federal Reserve Board on Wednesday announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program wi

www.federalreserve.gov

 

[Merge]

Oh look at this

Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11

The Federal Reserve Board on Wednesday announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program wi

www.federalreserve.gov

The program which was created to help stabilize the banking sector after the collapse of SVB is ending.
Was intended as a short fix for banks underwater on their bond portfolios due to rapid interest rate increases.

What's your issue with the program ending?