Line stretched out into the street of people trying to empty their bank accounts
OHIO HAPPENING
You can't make a large enough withdrawal via atm to empty your account unless you're poor as shit. Also your money is insured up to $250k so anyone with more than that in their account is a moron for not investing it.
tldr OP is a faggot once again
>when every bill is paid electronically
I'm not even thinking about taking it out... why would paper cash be better right now?
Okay. That's it. I'm cash advancing all my credit cards. If the banks go down they'll cancel your credit line.
or it's Friday and they are cashing checks ?
nigger.
also, I'm just guessing. I'm broke.
This is exactly what happened before the great depression
Question: If Banks go under, what happens to the credit card debt you owe? Vanishes?
this
Do it brainlet
>He thinks he can cash out fiat
Maybe through crypto you can bypass limits but otherwise forget it the limits are small.
>Live with your mom
>Get a job
>Get $100k+ in debt
File for bankruptcy after you've spent it all.
Just wait til the atm runs out of cash, then the niggers will riot
It gets really messy and that question was never answered.
Retard. Guarantee only boomers would do something like this.
agerrd. My partner at work is from Ohio...Recently flew back a couple weeks ago...Predicted the panic hitting KS like there was a distinct difference. He was like, "It's coming dude." I see what he is saying now. The frenzy of stupid and selfish happened overnight.
>of people trying to empty their bank accounts
No it's just because you can't go inside the bank anymore and you have to use the drive through
t. ohiofag
Fuck the jew credit score. All unsecured debt. Come put me in debtor's prison.
>file for bankruptcy
>never get a loan again in your life
Yea it's a weird situation the us leadership at least was wise enough to upgrade the insurance ammount as inflation increased over the decades.
But this crisis is so big that anyone with more than 250k is cashing out fast, i checked gold selling sites for the lulz because biz was saying there was no gold anymore and they are right literally everything out of stock.
Anyone with 250k+ is cashing out.
I would assume the debt holders lose out because it's worthless through inflation, debt is traded like any other security or asset. If the financial system is collapsed, then the debt holders are shit out of luck, a loaf of bread would be more valuable than the total amount of the debt.
This is a small town, never seen more then 3-4 people at the bank at once nigger
oh really? it did? exactly?
they made electronic payments in the late 20's?
It takes years to get your money that way. All kikes are saying not to do it so you figure it out
After 7 years it's off your credit report and you'll be fine
It's not retarded at all , here in argentina in 2001 withtdrawals were limited to like 50 usd a month and exchanging to other currencies was made impossible in banks.
So by the time the crisis ended in 2002-2003 people still got the same ammount of pesos which were insured but they were worth 300% less.
Meanwhile the people that cashed out managed to exchange their cash pesos to usd or euros and lost nothing.
I think a lot more people are lossing their jobs than we may think this crisis is serious, i hope they are up to the task but i don't have high hopes anymore.
They tried emptying their bank accounts brainlet
Well paper cash can help spread the virus.
Lol no, the only thing going up right now is the dollar. Nobody is moving out of the dollar and nobody is withdrawing it and carrying it around.
Look at Ivan here trying to manufacture a bank run.
Over 250k is just put in different bank accounts. It's not per person idiot.
>>never get a loan
Don't buy shit you don't need with money you don't have. That's like rule #1 of how not to be a poorfag your entire life.
>manufacture
Nigger its already happening
There are only 6 cars in line retard
Look, I even counted them for you
banking was a little different back then ...
>If Banks go under, what happens to the credit card debt you owe? Vanishes?
If banks go under, credit card debt will be the least of your concerns.
Exactly im a poorfag but at least im not cripples owing (((them))) money
i just put all my money into guns, ammo, and other physicals i can easily sell if money is ever worth anything again.
Like 6 more in the street not pictured brainlet
I only got $500 out last night because lol what the fuck is cash going to do for me in the apocalypse?
No one mentioning that the banks in America have fucking DRIVE THRU systems like fast foods?
Cash is a good way to spread it. Based bank running acelllerationists.
pics or it didn't happen you retarded niggerfaggot
You don't have drive through pizza, beer and snack buildings?
There are 6 cars there. Nobody is doing that. That kind of shortsighted selfishness destroys civilization.
Im at work rn unlike you neet nigger
Pic was on my way in
this. during the great depression cash was pegged to gold. it was worth something. computers will never run out of 1's and 0's. Hyperinflation will be a bitch but not right now. buy crypto if you want a hedge with the same features
Teller user here can confirm, people are losing their shit. Had to restock both ATM's with 200k for this weekend we typically only put in $60-70k. People have been pulling their savings and emptying SD boxes.
What exactly are you going to need a loan for?
A house? Lol, those things are like 500k for a shed at this point.
A car? Bitch just buy a used clunker.
Fucking Boomer. We don't care about boats and RVs. Lmao.
AND THE FACT IT IS PAYDAY NEVER EVEN FACTORED INTO THIS EYE WITNESS ACCOUNT.
>7 'o'clock
>still at work
lmaoing at your life rn my dude
All on the wrong side of the street as well.
these ain't pesos Hector. if Dollars go poof then the whole system is over and it wont matter how much cash anyone has. I also imagine that those with crypto fared better than those without.
lol wrong pic but whatever
banks here had indoors closed so everyone has to use the drive through now
could live in different TZ or work third shift
ohio only has one time zone
>Lol no, the only thing going up right now is the dollar.
Because most fiat currencies are collapsing , specially oil dependant ones but this will create massive deflationary shock that combined with corona deflation is massive so it's not good for the dollar.
Trumpbux + fed qe that is coming soon is the equivalent of an increase of the usa monetary base of aproximately 55% (more than 50 years of printing in a few months).
Shit's really fucked up i hope they can fix it , people don't get how fucked up it is , it's really bad.
>Nobody is moving out of the dollar and nobody is withdrawing it and carrying it around.
Sure they are , i tough biz was memeing but every gold site is literally out of stock EVERY ONE OF THEM.
anyone with 250k+ usd is cashing out, bonds are a rollercoaster now as soon as a country is hit bonds go to hell in that country.
Is it really that bad?Would you say that people are moving only the uninsured part or are they really all panicking moving even if they have little money?
Mass bankruns... not like this happened before.
Mnuchin and the fed are planning a stimulus that represents 55 years of money printing in a few months.
The world is under massive deflationary pressure while corona is going to cause massive food inflation.
It's a serious crisis even for the usd , specially bad for the usd because the collapse of other fiat means the usd deflationary pressure increases even more.
FUCK OFF TRUMPKIKE
Reading comprehension failed you.
Lol, europoor probably doesn’t even have drive through liquor stores
Let me know when it happens in a state that matters
Because if things get bad you're not worried about paying bills, you're thinking about shit you need like food. If the bank closes up shop then it'll take a while for the FDIC to get you your cash back.