"It's Safe!" - FDIC Urges Americans To Keep Their Money In The Banks

A contract whose value is based on an underlying asset. Their original intent was good, say you're a farmer. You NEED to sell your wheat @ $1.00 otherwise you lose money. Currently, market prices are $1.10, but you have no fucking idea what is going to happen 8 weeks from now when your crop is ready to harvest and sell. Commodities firm will write you a contract guaranteeing a purchase price of $1.05, if prices go up they keep the difference and make a little profit, if prices go down they eat the loss and you get to keep your farm. Problem is they've legislatively rigged the system to absolutely never eat a loss. The idea is sound and makes sense, the kikery that comes along with it is what everyone finds objectionable.

Thank you user that was a pretty comprehensive explanation even for my low IQ ass.

The chinks burned/heat treated their money. Reports say that even 17 days after people left the Diamond Princess, traces of RNA of clrona can still be found all over the ship.

derivatives are essentially a bet on what price an asset will go

Thats what I didnt understood.
I thought the FED was physically printing money out to banks and companies. Or was it just digital money?

Well fuck the 72hs bullshit then.

>please remain calm
>do not panic
Maybe don’t panic but get your shit together right the fuck now.

Digital, they just added 0's to accounts. The way debt works is that you need to keep paying it back month per month. It's like buying a car and paying monthly for it.
To make this super simple the whole world owes money to eachother, they need to keep paying eachother for the loans taken out. The reason the US is allowed to add these absurd values is because they're NUMBA WAN. This is why China is so desperate to take them down.

anyone who has a brain will get cash out now
shits gonna get bad soon
take this video as a subtle hint
just my lowly opinion

Protip: always do the opposite of what Jews say during a financial meltdown.

People that commented on this say that RNA is practically inert. Which means the virus is there, it's just turned off. This is why the japs can't confirm yet when exactly the virus becomes useless.
Viruses aren't like bacteria, they don't act like living beings. It's a corpse is what they're implying.

I understand. So they want people to keep the physical money in the bank to keep pretending they are lending money to other customers.
I guess now we know why the Chinks where using trucks to disinfect sidewalks and buildings.

It happened down here in 2001 with no warning.
Every deposit in dollars was taken and converted to pesos then the dollar exploded and everyone got fucked.

yes, and the central banks fucked you guys
guess it our turn now to bend over

>banks
Yes. Banks will claim they have money to lend, but the amount of money they actually have is 30% of that. They just keep exchanging back and fourth and with that create the illusion they have more cash. So when they lose your money the amount they can exchange drops significantly.
If everyone emptied their accounts at once you'd notice not everyone could cash out. Because they don't even have as much as they claim.

If things got so bad that you couldn't even get personal amounts of cash back out from a savings account with a major bank then you're going to be fucked regardless of if you have cash on hand or not. And really the scenario doesn't even make sense because the US dollar is 100% fiat now and unless there's a shortage of paper there will never be a problem printing more bills to give out to people panicking and trying to withdraw cash if the federal government really needed to. And no, doing that doesn't cause Zimbabwe hyperinflation either before someone brings that up because that's what the petrodollar arrangement with OPEC is for. If anything this crisis has been scaring everyone towards the US dollar, not away from it, because everyone knows it's the reserve currency and everything else is pegged to it.

time to take my money out then

>Banks will claim they have money to lend, but the amount of money they actually have is 30% of that.
30% is more than they need. You would never, ever get anywhere close to 100% of account holders simultaneously trying to withdraw their money from some major bank like Chase or Wells Fargo.

apparently you don't know the psychological impact of a bank run on normies. this will snowball quickly. think of TP except cash.

Hard to believe it will happen to the US of A but it seems so.
No liquidity. I get it.

>If anything this crisis has been scaring everyone towards the US dollar

correct. prepare for MASSIVE deflation. dollars will be king and no one will be able to get them. good luck everyone dont think we seen the real shitshow yet

>using government branded purchasing coupons made of paper
>not owning gold or silver

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I know what a bank run is, which is why I know this isn't a problem relevant to the current US dollar and major banks as they exist today. Again, it's pure fiat now. Not the same as it was during the Great Depression or with earlier historical bank runs. It can and will be printed in as large amounts as the nation needs. This was figured out a long time ago.

it's as if you are unaware of washington mutual circa 2008

hello, Janet. welcome to Yas Forums

But in theory (for what you have posted at least) nothing would happened to banks if there is an actual bank run then?

BANKRUNS INBOUND!

That's just another scam. Sure metals will always have worth because of their properties. But again people decide on it based on how much they think it's worth. But what you really want to have is a green thumb. People will always need food. Always in demand.

> wants to take out cash
> banks dont work/hentai virus
> waits for 6.April
> atomic explosion in middle east
>

"They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.” -Ezekiel 7:19

Bank run! Go now. No, seriously, go right the fuck now.

that's just the RNA, which isn't actually the entire functioning virus and there's little information on how much are deposited/what the loading dose is. you can't get infected by a single virus of anything, you need to hit a minimum threshold

true and you can't get infected by RNA alone

Can someone tell me WHY I should withdraw money from the bank?

I have all my money in my checking account which is used to buy food and pay bills.

Removing it all to use cash to pay benefits me how?

yup taking my money out tomorrow

If people go down this road it will push them to digital dollars and the mark of the beast.
Do not panic.
Everyone just stay calm.

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Only 1.5 trillion is physical currency. People are hoarding cash and/or moving into hard assets.

bible.knowing-jesus.com/topics/Gold

in the USA the deposits themselves are insured up to $250,000. so if you've got a few thousand in the government will pay it back to you. if you're exceed 250k in a checking account the amount you lose is considered idiot tax

Huh? Thats exactly what will happen when people find out you have to PAY to keep your money in the bank when neg rates hit.

its legalized gambling on the market, like you and me betting on what something will do, then your friend and my friend betting on if you or me will be right.

Kek, believing the FDIC in these times.

So if I have less than $250k I'm fine?

Okay, I'll keep my cash in the bank then.

I see.

We live in an age of digital currency.
The numbers in the system won't be changed.
All that taking the cash out will do is cause the physical currency to run out. But the numbers in your bank account will not be effected by that.
All that will happen is that the Physical currency will be shown to be a "disadvantage' to the digital currency and they will do away with it.
All of your life's work will just be numbers in a system. Do not go down this path.

there is no good reason, unless you want to have a stack of paper hidden in the mattress. even if the entire electrical grid vanished tomorrow people would probably continue doing business based on personal credit and totting up the accounts in dollars and cents. europeans were still keep accounts in roman denominations literally centuries after the actual specie had vanished from circulation

if you're worried about an extreme emergency, better just buy a supply of useful trade items like bic lighters or liquor or cooking oil, all of which will appreciate in value considerable if shtf

No, take out what you can minus automated payments/bill pay. Ask greeks and cypriots what happened to them in regards to bank bail INS.

After everyone else takes theirs out and the bank can't give their word they can pay you for how much cash you have on there. Then you'll know you're screwed. People are going to be left without money. Make sure you're not one of them. You can keep the minimum in, savings go out.

if you don't trust the FDIC why do you have your money in a bank at all

that was really to burn russian depositers keeping their money in cyprus, user

I mean either way it will be useless.
>Banks go under your paper currency is now worthless
>Banks go under and you lose all money in your account
Either way people should be withdrawing money because fuck banks. but just now once they go under your paper is worthless so buy actual shit with it while it still has value.

Like the Chinese system where they dont carry bills but pay with their phone wallets?
I thought bankers were scared shitless about that happening in the West.

Why take the money out though? Also I don't understand your 2nd sentence at all. I don't know what crypriots means or INS.

Can someone legit explain to me like I'm full blown tarded why having money in a bank is bad?

physical cash is too useful for tiny everyday things, it will never vanish. even an attempt to end it completely will just result in something else becoming de facto currency. postage stamps or cigarettes, for instance

I only have the minimum in my account for online bills. Why would the fdic make a special announcement? They know the jig is almost up.

Cypriots are from cypress. Bail in is when the banks take customer money to cover losses. Thats exactly what happened in greece and cypress.

Was it limited to accounts or they went as far as security boxes?

>when neg rates hit
If negative rates hit and if banks actually pass on the negative interest rates to regular savings account holders, both of which are far from likely. Banks more than anyone would know how to take advantage of negative interest rates to make money off more aggressive / risky investments where they'd now be making money instead of paying for them and that would be a lot more sensible as a way to make up the difference (or more than make up the difference) than them just charging regular account holders

>year is post 2008
>”it’s safe!”
Fuck banks and fuck jannies for not cleaning up the 6 gorillion landlord threads.

Kek, the fat cat russians got their money. They were first in line!

>the banking system got collapsed because it got used

The banking service is not exclusively depositing. That's some hella strong astroturfing.

If it is not in your possession, you do not own it... Its all in the fine print. Notice how all the banks have limited or banned inside service...? I think idz really habbening.

And if the panic crowd gets their way.
We will all have to be content with that.
Because that's what we will be left with.

probably because you assholes are riling people up to try and get a bank run together and there's a bunch of suckers who think it's 1929 and the FDIC doesn't exist