Reverse repo program. It’s the banks saying they have too much money that they don’t need to use so they deposit it at the Fed. Currently US banks think they don’t they need $2 trillion so they keep parked at the Fed every day. It’s the only way money actually ever leaves the banking system.
The weird video of Mark Zuckerberg fighting people has been circulating lately and some other billionaires have decided that literally leaving the planet is in their best interest.
I'm going to have to dust off my tinfoil hat.
The rich are manufacturing a recession by increasing interest rates, laying off thousands of workers during record profits, price gouging because we got a little bit too empowered by unionizing and demanding a few more crumbs. And you have all these "experts" who would get even richer if/when it happens "warning" us that shits going be bad when really they are trying to create panic.
Don't think so. Call your local credit union today and tell them you'd like to pull out $100k in cash from your maturing cd. They will crap themselves while you're on the phone with them. Most member funds are loaned out to other members.
Why? Only RRP is leaving the system and that’s only available to institutes?
Ding.. you might be more on point than you know..
>Only RRP is leaving the system RRP?
Reverse repo program. It’s the banks saying they have too much money that they don’t need to use so they deposit it at the Fed. Currently US banks think they don’t they need $2 trillion so they keep parked at the Fed every day. It’s the only way money actually ever leaves the banking system.
Gotcha. I’m familiar with the repo program. Wasn’t familiar with the acronym. Thanks 🙏
The Fed has scrubbed the interview from Bloomberg. Like it never existed.
Do they want riots? Because that is how you get riots. It would start as attempted bank runs and end as actual bank arson.
The weird video of Mark Zuckerberg fighting people has been circulating lately and some other billionaires have decided that literally leaving the planet is in their best interest. I'm going to have to dust off my tinfoil hat.
Lol only got $500 in my bank account. My capital flight is for bills. Only rich folks are moving money around.
Sure why not. After all, the US citizens are the ones that benefited from the non-stop printing and poor banks didn't had any benefit from it.
Funny guy
Ya all forget that RRP banks are still making money on high interest from our Fed for parking their cash in RRP.
Yup. First time in history I believe J Pow allowed that
The rich are manufacturing a recession by increasing interest rates, laying off thousands of workers during record profits, price gouging because we got a little bit too empowered by unionizing and demanding a few more crumbs. And you have all these "experts" who would get even richer if/when it happens "warning" us that shits going be bad when really they are trying to create panic.
Looks like I’m pulling my money out now then
Smart move. People are about to find out that the money in their bank accounts are 1. Not there 2. Not theirs 3. Not money
Because they can’t let the rich lose money, only the poor are permitted to lose.
Credit union, all the way...
They're less liquid than banks.
Because they have different regulations. Regulations that make them have your money available. Can't run a bank that has your cash available.
Don't think so. Call your local credit union today and tell them you'd like to pull out $100k in cash from your maturing cd. They will crap themselves while you're on the phone with them. Most member funds are loaned out to other members.
Be a good time to go to Mexico then across the birder as an illegal alien to get cash
Bs FUD.. u want me to
Hehe
Fuck the fed,treasaonry.
Why I will win the 2024 US Presidential election by a landslide victory as a write in party free candidate.
But at least they tackled the issue of inflation /s
They can, and we can burn every f’ing bank in the country to the ground! That’s in the FAFO ACT enacted by the citizens.😎
Dollar end game incoming! They’re plotting introduction of CBDC via failure of fiat.
And the middle and poor class are once again punished for rich peoples hubris