As I mentioned...
Don’t Look Now — the Fed’s Bankrupt!
Don’t Look Now — the Fed’s Bankrupt!
After acquiring the solvency of Credit Suisse Bank after Credit Suisse began to fail, the Bank of Switzerland is now asking to delay publication of the financial results for Q2 2023, citing “unexpected complexities”.
Then say you don't understand.Sounds nice on paper but, looks like a Russian ponzi scam. The thing with gold backing the price is only sustained by a speculated (guessing) amount of gold not actual amount of gold.
Yes I do understand, the problem is everyone has gold but the true amount they have is the problem since it must be secured and out of sight and that holds the whole thing together. All currencies are base on faith crypto included and that faith is tested time to time when people take advantage of that faith to get rich like the 80s The Savings and Loan crisis, the 2008 housing crisis which morphed into a worldwide financial crisis the recent instability of the banking system and the scam coin crypto bankruptcies.Then say you don't understand.
All countries globally are moving to their currencies being backed by gold.
All have had to produce and show their amounts of gold, silver and natural resources, that are being held and we are moving away from a debt based, money made out of thin air, financial system.
The US will follow in time.
It's why banks are consolidating or going away and just over the past weekend moved from a LIBOR based system to SOFR.
Much was explained in previous posts and moving to ISO 20022 standards. If they are not, they will not be around in the new system. We are within 1-2 months of this all being complete.
You'll see a lot of banks failing. Many will be taking money from their depositors, meaning "you".
People should keep cash on hand for when this happens. Cause it's going to get rough. That goes for investments as well, along with crypto.
Will they talk when the “bad loans” turn around?JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans.
Citing data compiled by Bloomberg, the Financial Times says that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley appear to have written off a combined $5 billion worth of loans in Q2 of this year as consumers feel the negative impacts of inflation and higher interest rates.
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JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report - The Daily Hodl
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans.dailyhodl.com
Yeah, but someone is going around cleaning up these bad banks, which in this case I’m glad they are doing.They been trying to keep it quiet and out of the media they know there is a big issue with the banking system. They are trying to avoid a run on the banks.
Say what?!! Wow fam, I'm sorry to hear that.And also something strange might be going in with Bank Of America
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"![]()
Was major across many banks on Friday. Saying it was a clerical error... Sure...And also something strange might be going in with Bank Of America
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"![]()
And also something strange might be going in with Bank Of America
I'm supposed to get my paycheck direct deposited to my checking account on Friday's
But it still has not been deposited
The Bank Of America website & app is saying they are having "some kind of issue"![]()
I said this months ago, please keep cash on hand, because to settle debts, banks will take "your" money they have on deposit.Then say you don't understand.
All countries globally are moving to their currencies being backed by gold.
All have had to produce and show their amounts of gold, silver and natural resources, that are being held and we are moving away from a debt based, money made out of thin air, financial system.
The US will follow in time.
It's why banks are consolidating or going away and just over the past weekend moved from a LIBOR based system to SOFR.
Much was explained in previous posts and moving to ISO 20022 standards. If they are not, they will not be around in the new system. We are within 1-2 months of this all being complete.
You'll see a lot of banks failing. Many will be taking money from their depositors, meaning "you".
People should keep cash on hand for when this happens. Cause it's going to get rough. That goes for investments as well, along with crypto.
I said this months ago, please keep cash on hand, because to settle debts, banks will take "your" money they have on deposit.
I just searched "direct deposit" on Twitter, I saw the issue with banks yesterday, but really thought after seeing the news say it was resolved, people got their paychecks. From what I see, many have not and no news is alerting anyone what's going on.
I feel that the financial system may be going through a change. So better to be ready for not having access to funds if millions of people start demanding their money.
The difference in this situation coming, things like Visa and MC won't be accepted anywhere because those stores or anywhere you need to pay, they won't be getting funds from banks. Everything will be down.You ain't never lied and I got mutiple accounts as well....I normally would have gotten my money on Monday, but I actually got in my account today, but I don't use any of the banks mentioned...
Old head told me years ago and experience it in 2010 during Snowmaggedon that you always keep a stash in the house just in case some shit go down or the electricity is out for several days.
During snowmaggedon if you didn't have cash, you were shit out of luck because any store that was open was only taking cash for the few days power was out....
Plus I watch too much Walking Dead like shows lol
That's crazy. Non of my federal friends mentioned this, but that's just wild...Check comments, one person saying it affected many federal employees