The Banking Collapse Has Begun: Greg Reese gives you a 3-minute tutorial on what is happening in the banking industry. It ain't pretty folks!

ACP45 Loc: Rhode Island

Greg Reese gives you a 3-minute tutorial on what is happening in the banking industry. It ain't pretty folks!

https://gregreese.substack.com/p/the-banking-collapse-has-begun

pegw

I couldn't find anything reviewing greg reese or substack. When I searched for Substack fact check I did find a slew of articles from reputable sources that debunked an assortenent if articles written by Substack.
A bank going under because they made irresponsible loans to start ups in Silicon Valley may not be the begining of a banking colapse.

keepuphope Loc: Idaho

pegw wrote:

I couldn't find anything reviewing greg reese or substack. When I searched for Substack fact check I did find a slew of articles from reputable sources that debunked an assortenent if articles written by Substack.
A bank going under because they made irresponsible loans to start ups in Silicon Valley may not be the begining of a banking colapse.

You just stay in your little world of propaganda and their fact checkers and when your bank collapses taking all your money and assets with them we will have watched, listened and pulled ours out. Good luck having nothing.

woodguru

keepuphope wrote:

You just stay in your little world of propaganda and their fact checkers and when your bank collapses taking all your money and assets with them we will have watched, listened and pulled ours out. Good luck having nothing.

I guess you never heard of federally insured accounts?

Worry about any retirement or savings you have in the stock market...there's where your money will disappear from.

It's the biggest Ponzi scheme, no guaranteed value to any assets that mean a thing.

EmilyD

pegw wrote:

I couldn't find anything reviewing greg reese or substack. When I searched for Substack fact check I did find a slew of articles from reputable sources that debunked an assortenent if articles written by Substack.
A bank going under because they made irresponsible loans to start ups in Silicon Valley may not be the begining of a banking colapse.

No one cares about fact checking sites. All of them - right leaning and left leaning - are biased. It would be more valuable to people who read your posts if you do the research yourself and present links to various articles/videos, etc. to support your views instead of relying on biased sites that are run by biased people to do your thinking for you.

If you don't know how to post a link (it's just copying and pasting the url address) then you could say where you got the information and people could look up the reference themselves.

Just trying to help.

EmilyD

woodguru wrote:

I guess you never heard of federally insured accounts?

Worry about any retirement or savings you have in the stock market...there's where your money will disappear from.

It's the biggest Ponzi scheme, no guaranteed value to any assets that mean a thing.

That's right.....Not all accounts are insured. Mutual funds, annuities, IRA's, Money Market assets, securities, crypto assets, stock and bond investment assets....in fact any account that is not a deposit account is not federally insured...

The limit on FDIC insurance is $250,000 per depositor, per institution, so it is important to know how much money you have in different accounts within one institution to be sure your funds are fully covered.

keepuphope Loc: Idaho

woodguru wrote:

I guess you never heard of federally insured accounts?

Worry about any retirement or savings you have in the stock market...there's where your money will disappear from.

It's the biggest Ponzi scheme, no guaranteed value to any assets that mean a thing.

Ok what about the people who had more than 250.000.00 dollars in there because that's as high up as it goes to be insured. Small BISNESSES ect. They are s**t out of luck.

EmilyD

keepuphope wrote:

Ok what about the people who had more than 250.000.00 dollars in there because that's as high up as it goes to be insured. Small BISNESSES ect. They are s**t out of luck.

They can open up accounts at different banks. They are insured "per depositor, per institution". But knowing the government, they might start doing something like 'grandfathering' their rules....meaning that if you t***sfer money from one institution to another, you would have had to do it within a certain time frame....which would already have passed... or you're not insured.

ACP45 Loc: Rhode Island

EmilyD wrote:

No one cares about fact checking sites. All of the... (show quote)

Marvelous response Emily. Could not have said this any better.

ACP45 Loc: Rhode Island

woodguru wrote:

I guess you never heard of federally insured accounts?

Worry about any retirement or savings you have in the stock market...there's where your money will disappear from.

It's the biggest Ponzi scheme, no guaranteed value to any assets that mean a thing.

While I agree with you on your comments on the stock market, I would like to point out a couple of things regarding banks, and FDIC insurance.

1. In the event of a catastrophic financial meltdown, does it comfort you to know that the FDIC has 1.3% of the amount of insured depositor funds that it insures?

2. Does it concern you that being a bank depositor, you are considered an unsecured creditor. Are you familiar with the term "Bail-in" vs. "Bail-out"?

https://www.sbcgold.com/blog/bank-bail-ins-the-sneaky-legislation-that-puts-you-on-the-hook-for-failing-banks/

EmilyD

ACP45 wrote:

While I agree with you on your comments on the sto... (show quote)

Do you think there will be a run on banks?

Canuckus Deploracus Loc: North of the wall

ACP45 wrote:

Greg Reese gives you a 3-minute tutorial on what is happening in the banking industry. It ain't pretty folks!

https://gregreese.substack.com/p/the-banking-collapse-has-begun

ACP45 Loc: Rhode Island

EmilyD wrote:

Do you think there will be a run on banks?

I will point out two articles for you to consider that may answer your question.

https://thepressunited.com/updates/economist-warns-of-us-financial-crisis/
https://www.thegatewaypundit.com/2023/03/fears-rise-that-silicon-valley-bank-might-be-the-beginning-of-bank-failures/

ACP45 Loc: Rhode Island

Meanwhile, the fallout continues. Everything is connected in a bubble economy
https://www.zerohedge.com/crypto/usdc-stablecoin-breaks-peg-circle-admits-billions-stuck-svb

EmilyD

ACP45 wrote:

Marvelous response Emily. Could not have said this any better.

TY 🙂