Message from @crankypants
Discord ID: 682977817570705438
PANIC PANIC PANIC
They are bitching about how much time he will spend there but they scheduled it - not him. They did it on purpose to get their little sound bites. They could have asked him to come yesterday, Saturday or even on Monday. Cry me a frickin river
Hi all, I'm listening to chat but have no mic today.
Portland is full of snowflakes.
They're going on a hunger strike eating all the fish sticks?
maybe so
The Dems are pushing the stock market down but this just creates buying opportunities for people to make more money. Buy low, sell high.
For the stock markets I just watch the news for a bit and watch for persistent "psychological runs" that will be more likely to impact the market over more than 2 months.
With fractional reserve banking if you want to withdraw all your money for some reason, the major banks just don't have it and you will not get your money. Your money is just a myth at that point and useless to you.
This covid19 may be the biggest hedgefund heist ever.
Central banks, right now, only need a tiny fraction of cash on hand for a few withdrawals. They simply don't have the cash on hand to cover all withdrawals of all accounts. So some people put their money in silver. Who's going to have change for a $2000 one oz gold piece? No one, not for everyday items like food.
fractional lending is a thing
What about the pandemic bonds? When a bank issues bonds it's asking for a loan, and when an investor buys a bond the investor gets interest on the bond. So how do the pandemic bonds benefit the banks that issue them?
Do the issuing banks just default on the bonds and leave investors with worthless paper?
government insurance
SIPC
Central fractional debt based banking had destroyed most of our greatness financially. I trust the gold and silver standards
WHO talking containment....that interprets to me to border close
we eat the cost
Ah, insurance, the same thing that happened in 2008-2009 that caused the recession. Anyone could take out insurance on bonds or whatever, even if they didn't own the asset, and when the economy tanked, everyone who bought insurance on those instruments got paid, and the paying banks who insured that stuff went under.
Everybody should watch The Big Short
Bring it Lord restore the financial order