So many people have never learned how to communicate properly. Being able to speak clearly and in a concise manner will completely change the interaction. I would have immediately asked to see a manager. The next step, regardless, would be to get any money I have out of the bank.
Then kick yourself for putting and keeping your money in a bank in the first place. At least use a credit union, and do so in a way that doesn't become taxable income or you'll end up supporting jewish supremacy.
I tried using multiple credit unions, they literally can't get their shit together. They can't respond to emails, applications or calls. It was pretty insane. I had to keep my money with dumbass chase.
Then kick yourself for putting and keeping your money in a bank in the first place.
Storing cash around is still keeping it in a bank of sorts, because the bills have no value, and their redemption is slowly being eaten away. Real constitutional money in hand, you can be your own true bank.
[ - ] Sector2 1 point 2 weeksApr 16, 2024 10:29:29 ago (+1/-0)
Cash does experience shrinkage under our current model, whether under the mattress or in a low-interest bank account. Would be ideal to have some on the other side of the balance in something rising in value.
The bank manager is the one instructing the teller not to give cash ffs because they are increasingly having less cash in site due to changing operational requirements.
You can't even deposit cash without an explanation of where it came from. I did a deposit over $10K and because I wouldn't disclose where it came from (if they looked it was the same amount withdrawn a week earlier) they closed my account.
Step #1: Open accounts with 20 different banks Step #2: Deposit ~3,500 into each (you can do this regularly, twice a month without any issues) Step $3: Wire transfer from as many accounts as you want into one account
Till the government sieze it for "structuring". Look it up. They don't even need to charge you with a crime. If they merely suspect that your practices might be part of some criminal activity they can seize it with virtually no due process. See the money itself is suspected of committing the crime, and the money doesn't have due process rights.
"Open 20 bank accounts" Instantly flagged by IRS "Deposit $3500" Prosecuted for purposely evading mandatory reporting levels. They do this all the time. "Wire transfers" They go through SWIFT, so tracked.
If they pull this shit for a low amount, the thing to do is take all the money out.
At 10k they have to ask why, it's a law and they have to record it. The assumption is that it's drugs or crime, etc. Also taking out multiple lower amounts to avoid being flagged is a crime.
Depending on what amuses you, you can give a reason they do not want to record, or just stop putting money in the account and drain it, or just transfer it for spite.
The thing is soon 10k will be just enough to buy a weeks worth of food and you can bet your ass that they won't up the amount and you have to "disclose" every fucking week.
The law is unconstitutional because it assumes guilt without a hearing. I already had my money elsewhere. I did a mass withdrawal a few days in a row and cleaned them out. They never disclosed why they needed that info until it was over. I was pleased to see that bank close.
That's bullshit! I do $3k's up to $20k + thru the drive thru. Never been questioned once. I know others that do the same thing preceeding gun shows and auto auctions
Yeah, it's out of control. I had to pay an electrician and getting cash out of the bank was like pulling teeth. They had me fill out a fucking form to get my own money. They act like it's their money. It's my fucking money! I went to deposit a check I got from a guy when I sold a tractor and I didn't want to deliver it to him without making sure it cleared. They told me it would take 10 days. 15K, I wasn't going to risk having it bounce. I was like "huh? You can't just clear this in 3 to 5?!" Whole system is fubar -another reason I like bitcoin
The sparky wants cash because they don’t declare their earning thusly paying less taxation. They might also be a contractor that is extorting the tradesmen for work completed for belonging to a larger corporate body.
Would it surprise you to find out that they really do view it as their money as long as they have it? In fact, they are supported legally in this. It's not really yours because you don't have it, until they release it to you. They don't have to and they know that.
I worked at Wells Fargo and I sat near the tellers at lunch. They laugh at you (and me, as I am also a consumer). I have heard it candidly with my own ears. They laugh about how we rant about it being "our money" and they say "haha no it isn't not until we give it to you". I have heard them say these exact words casually on the smoking area and on premises cafes.
Dont ever think you are crazy. Its all true and you are not crazy. Go work at a bank and tell me if I'm lying, cuz I aint.
and you already know this part, but that laughing teller, is a nigger. You know I speak truth.
If you want to know how a place really works. Get a low end job there. You will learn all their dirty secrets.
Yes, bitcoin and crypto is the way. Only kikes and retards can't see that now. At least kikes actually do see it, they just know it doesn't benefit them.
Wait until you learn they literally create money at banks and ONLY banks. The government does not create US dollars. They only maintain the bills and coins which they are paid for with digital dollars from the jew central bank. https://www.youtube.com/watch?v=JG5c8nhR3LE
Hahaha this retard equivocates a reserve/central bank, a government institution that manages monetary policy with a regular financial services bank. What a spastic moshie, probably getting high on foreskins or dick blood to write that drivel.
Everyone knows fiat is a failing monetary scam but you don’t know shit from mud mohelrzr97.
Anyone can see that ONCE AGAIN you're an ignorant kike.
know nothing screeches into the void, proving once more you are a brainlet.
Ordinary commercial banks quite literally create US dollars.
duuuuuuddeeee.
The process of money creation is not the result of the actions of any single bank, rather the banking system as a whole acts to create money.
Commercial banks make money by providing and earning interest from loans. Usury; not printing money.
The Reserve Bank/Central Bank is the only one that can physically print more money you dumb cunt, otherwise how can they affect monetary policy such as slow or increase spending through interest rates if everyone has a xerox?
You are a stupid cunt, I mean you are giving the glue eaters and flattards a run for their money tonight, aren't you?
Debt monetization occurs when a country's central bank loans money to its government to finance public spending.
Central bank, not commercial bank.
This touches on the quantitative easing scam. A money-printing program which enables high inflation. This is where central bank purchase predetermined amounts of government bonds. When a central bank prints money, the supply of dollars increases which devalues the currency aka inflation which also means a decrease in a currency's buying power overseas.
Central banks can use open market operations to exchange liquidity in its currency with a bank or a group of banks.
Central banks not commercial banks.
OMO (Open market operations) reduces the money supply at banks, thats what we are seeing now where commerical banks are refusing to give you your cash. To put it plainly, the central bank buys government securities on the open market, hence the name Open Market Securities. This is done as a quick fix maintain the actual cash rate as close as possible to the target rate to stall inflation in the elaborate scam known as fiat currency.
When commercial banks lend money, they expand the amount of bank deposits. The banking system can expand the money supply of a country beyond the amount created by the central bank, creating most of the broad money in a process called the multiplier effect.
Commercial banks lending money above their creditors to debtors resulting in default and govt bail out. e.g. Bank of America, Citigroup, Goldman Sachs, J.P. Morgan. Commercial banks are not b=printing money, they dont have the authority to do so, they are saying they have money to give you and others they don't have.
Really simply for play-doh eaters, Bank A has 100 tokens, it gives out 150 tokens, debitor X wants 0.1 token, bank says FU, don't have it cunt.
You are such a ridiculous little man, I will have fun doing your head in this week.
You're wrong about this just like most things in your life. You think you understand something and you spout off dogmatically over and over. Strong but wrong. That's your modus operandi.
I am the one who brought up Chase and money multiplier, I even provided a video of Fractal Reserve Banking by UKIP minister from 2013 discussing a 2009 policy. Commercial banks only make money by loans an interest paid in term. They try to make more by using neat kike tricks like fractal reserve banking. This is when banks may lend funds on deposit, so if debitors want money they dont have a reserve, it defaults the creditors and the bank.
The only "bank" that can print money is the central bank.
As I discussed and woosh it went over your head, banks can "create money" by lending more than the original reserves on hand. This is how they default, again I already stipulated this above.
Kahn academy is initially discussing OMO, which is something central banks do daily. The conceptualization doesn't take into account interest and the person can't loan bank A and deposit in bank B, then he is unwittingly discussing exchange liquidity.
The only "bank" that can print money is the central bank.
banks can "create money" by lending more than the original reserves on hand. This is how they default, again I already stipulated this above.
You're just so lost and making absurd statement time and again.
Banks don't default because they create money. Also, guess what, "fractional" reserve banking doesn't even truly exist any more in the US since the fed removed the reserve requirement in 2020.
One more little nugget for you. The central bank DOES NOT PRINT MONEY!!! You're conflating things left and right. Yes they CREATE money but the actual printing is done by the mint at the treasury NOT the federal reserve. The fed funds this with digital dollars they wish into existence but this is mostly just about maintaining the circulating supply of bills and coins.
Commercial banks CREATE the vast majority of money in the US.
The only "bank" that can print money is the central bank.
banks can "create money" by lending more than the original reserves on hand. This is how they default, again I already stipulated this above.
You're just so lost and making absurd statement time and again.
Banks don't default because they create money. Also, guess what, "fractional" reserve banking doesn't even truly exist any more in the US since the fed removed the reserve requirement in 2020.
One more little nugget for you. The central bank DOES NOT PRINT MONEY!!! You're conflating things left and right. Yes they CREATE money but the actual printing is done by the mint at the treasury NOT the federal reserve. The fed funds this with digital dollars they wish into existence but this is mostly just about maintaining the circulating supply of bills and coins.
Commercial banks CREATE the vast majority of money in the US.
By the way, both the fed and commercial banks "deal" in loans AND securities. You're so confused though and grasping for anything that you can understand that it doesn't even help to explain that.
I'm going to make something simple for you to help your understanding.
Let's say I loan you 100 dollars. Then you loan that 100 dollars to your friend. Right now ONLY YOUR FRIEND can spend that 100 dollars.
Now let's say a bank loans you 100 dollars which you put in your checking account at another bank. Now THAT bank loans out that 100 dollars to you friend who deposits it in their bank. You can spend your 100 dollars AND your friend can spend their 100 dollars. Does this help clear up how banks create money for you? Probably not but it was worth the try.
I did eventually read your post here and it's funny that you're copy/pasting arguments that actually say precisely what I told you.
Commercial banks create money. That's the bottom line. Every new loan is a new money that is created. This is basic economics that any standard textbook will explain to your retarded kike ass.
otherwise how can they affect monetary policy such as slow or increase spending through interest rates if everyone has a xerox?
You're conflating things. The banks can't just create money at will. It has to be in the form of new loans.
The central bank uses various methods to set the rate at which this happens including just plain regulation. Did you want to talk about the federal funds rate or the buying or selling of securities to adjust reserves?
I doubt it since your premise is that commercial banks don't create money.
otherwise how can they affect monetary policy such as slow or increase spending through interest rates if everyone has a xerox?
You're conflating things. The banks can't just create money at will. It has to be in the form of new loans.
The central bank uses various methods to set the rate at which this happens including just plain regulation. Did you want to talk about the federal funds rate or the buying or selling of securities to adjust reserves?
I doubt it since your premise is that commercial banks don't create money.
Also, the federal reserve is about as governmental as you are a white man. They run the government. That much is true. Of course kikes like you like to pretend this isn't the case.
You really are a Spenny. Go read what I wrote two more times, then a further time with your handler.
The point of contention is was making is that you think people can bank at the central bank you nitwit.
The federal reserve is only partly independent of the government, they primarily work with markets and set the rate of inflation and how much monopoly money they can print out of thin air, whose monetary policy gets passed on to actual banks. You got all confused because you are a spaz and saw central BANK and 'consumer, business and institutional banking' and thought they were the same thing.
What a moron.
Also fuck central banking and the glue eaters like yourself trying to explain finance, all whilst dribbling porridge on your high chair.
you are actually incorrect. Fractional reserve banking is the system where banks lend out customer deposits. It used to be a 10:1 ratio (meaning for every 10 dollars they hold in deposits, they can lend out 100). Now the ratio is basically unlimited. One of the many tools by which a usury based system can inflate the money supply.. Not to mention the currency itself is debt-based. The entire economy is a massive floating-point ponzi scheme and when this collapse really starts getting underway, it's going to be biblical. I don't care where you park your cash as far a tangible assets are concerned (precious metals, crypto currency, land that you own outright, etc.). There are literally no equity assets (corporate stocks, bonds, pension funds, treasuries, ..you name it) left that are not leveraged out with creative financial voodoo (i.e. "Derivatives" or "backed securities"). proof of work crypto currency is really the first unconfiscatable, uncensorable asset with no counter party risk and no central clearing counter party. Every transaction is independent of any bank, it is purely peer-to-peer, verified on a decentralized ledger where 51% of all active nodes have to agree that a transaction took place.
Looked like a Canadian passport and I know for a fact that once a week withdrawals went from 6K down to 5K and now down to 3K...anymore than 3K now has to be pre ordered 5 days previous....the kike banks can go fuck themselves
Tell them you're gonna send it to ukraine and israel and they will release it. Or tell them you're gonna buy pics of girls buttholes on tiktok for $50 each until you're broke.
1. That is exactly what he is trying to do. 2. When you put money in the bank, its their money, not yours. 3. Good advice would be to NOT PUT YOUR MONEY IN THE BANK in the first place.
The customer does NOT owe an explanation to the teller as to what the fuck he's doing with the cash. As much of a pain it would be, I'd be closing everything at that bank and keeping everything in cash
I got $9K in cash one day. at first they told me Id have to wait a day. I told them their manager should have told me that on the phone when I called in advance.
I have never had this happen to me before. I've pulled out $2000 just recently and never got a problem. I would love to know what bank this is. This must either be Chase or BAM.
It depends on the amount. Don't know the situation in America, but in Australia you cannot withdraw an amount greater than $5,000 without telling the bank beforehand (because they apparently need to get the cash in) and telling them why you want it.
[ - ] Scyber 1 point 2 weeksApr 15, 2024 20:07:54 ago (+2/-1)
Shit like this is the reason why crypto is logical. You're able to move large amounts of money easily and without questions.
In before "digital dollar, one world currency, TPTB track your transactions, mark of the beast, power grid going down, blah blah blah"
You do realize all that shit is going on right now while the dollar is collapsing. Crypto isn't going ANYWHERE because massive conglomerates like BlackRock have BILLIONS invested in it and they sure as hell are taking steps to make sure they're not gonna lose any of it.
Bitch be on public blast. Everyone in ear shot would get a free ticket to the fireworks show. I moved to a Credit Union 20yrs ago and have never had a tangible issue.
[ + ] Fascinus
[ - ] Fascinus 29 points 2 weeksApr 15, 2024 13:40:12 ago (+29/-0)
[ + ] RMGoetbbels
[ - ] RMGoetbbels 9 points 2 weeksApr 15, 2024 13:47:04 ago (+11/-2)
[ + ] Lost
[ - ] Lost 9 points 2 weeksApr 15, 2024 15:35:14 ago (+9/-0)*
[ + ] BulletStopper
[ - ] BulletStopper 6 points 2 weeksApr 15, 2024 14:52:11 ago (+6/-0)
[ + ] Clubberlang
[ - ] Clubberlang 5 points 2 weeksApr 15, 2024 19:51:02 ago (+5/-0)
Tell them it's for gender affirming reversal care and the pajeet femtransbrave doctor only takes dollar bills.
And if the trans action isn't approved shitskins are a enemy of the pedo jihad rainbow.
They now are slaves to .0001% of the population because this timeline is that retarded.
[ + ] VitaminSieg
[ - ] VitaminSieg 4 points 2 weeksApr 15, 2024 21:09:29 ago (+4/-0)
[ + ] Clubberlang
[ - ] Clubberlang -1 points 2 weeksApr 15, 2024 23:41:00 ago (+1/-2)
[ + ] Bidenguy666
[ - ] Bidenguy666 -2 points 2 weeksApr 15, 2024 19:40:22 ago (+0/-2)
[ + ] HelenHighwater
[ - ] HelenHighwater 21 points 2 weeksApr 15, 2024 13:44:27 ago (+21/-0)
[ + ] Sector2
[ - ] Sector2 10 points 2 weeksApr 15, 2024 14:33:35 ago (+10/-0)
[ + ] NoRefunds
[ - ] NoRefunds 2 points 2 weeksApr 16, 2024 00:06:31 ago (+2/-0)
[ + ] Prairie
[ - ] Prairie 2 points 2 weeksApr 16, 2024 04:44:57 ago (+2/-0)
Storing cash around is still keeping it in a bank of sorts, because the bills have no value, and their redemption is slowly being eaten away. Real constitutional money in hand, you can be your own true bank.
[ + ] Sector2
[ - ] Sector2 1 point 2 weeksApr 16, 2024 10:29:29 ago (+1/-0)
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 08:13:24 ago (+0/-0)
[ + ] JosephGoebbels
[ - ] JosephGoebbels 18 points 2 weeksApr 15, 2024 13:15:43 ago (+20/-2)
Fuck kike banks.
[ + ] FuckShitJesus
[ - ] FuckShitJesus 18 points 2 weeksApr 15, 2024 13:44:26 ago (+18/-0)
Step #2: Deposit ~3,500 into each (you can do this regularly, twice a month without any issues)
Step $3: Wire transfer from as many accounts as you want into one account
Protip: Wire transfer to offshore BVI account.
You're welcome.
[ + ] SilentByAssociation
[ - ] SilentByAssociation 9 points 2 weeksApr 15, 2024 14:15:43 ago (+9/-0)
[ + ] FuckShitJesus
[ - ] FuckShitJesus 8 points 2 weeksApr 15, 2024 14:26:57 ago (+9/-1)
Ours just happens to have all the loopholes built in by the jew overlords.
So, there is always a way around every inconvenience the jews put into the system to annoy everyone else.
[ + ] SilentByAssociation
[ - ] SilentByAssociation 9 points 2 weeksApr 15, 2024 14:44:00 ago (+9/-0)
As mentioned above, take notes, goats.
[ + ] x0x7
[ - ] x0x7 9 points 2 weeksApr 15, 2024 17:20:48 ago (+9/-0)
[ + ] Clubberlang
[ - ] Clubberlang 3 points 2 weeksApr 15, 2024 19:57:23 ago (+3/-0)
[ + ] Rawrination
[ - ] Rawrination 0 points 2 weeksApr 16, 2024 04:58:41 ago (+0/-0)
[ + ] watts2db
[ - ] watts2db 4 points 2 weeksApr 15, 2024 20:08:38 ago (+4/-0)
[ + ] Spaceman84
[ - ] Spaceman84 4 points 2 weeksApr 15, 2024 21:07:22 ago (+4/-0)
[ + ] watts2db
[ - ] watts2db 1 point 2 weeksApr 16, 2024 01:00:54 ago (+1/-0)
[ + ] Cantaloupe
[ - ] Cantaloupe [op] 1 point 2 weeksApr 15, 2024 15:48:00 ago (+1/-0)
[ + ] Clubberlang
[ - ] Clubberlang 0 points 2 weeksApr 15, 2024 19:56:36 ago (+0/-0)
Awnley eeen assets gnome seyin?!
[ + ] allAheadFull
[ - ] allAheadFull 0 points 2 weeksApr 16, 2024 17:17:55 ago (+0/-0)
"Deposit $3500" Prosecuted for purposely evading mandatory reporting levels. They do this all the time.
"Wire transfers" They go through SWIFT, so tracked.
Bad advice, you can't out jew the jew.
[ + ] Cantaloupe
[ - ] Cantaloupe [op] 7 points 2 weeksApr 15, 2024 15:37:41 ago (+7/-0)*
At 10k they have to ask why, it's a law and they have to record it. The assumption is that it's drugs or crime, etc. Also taking out multiple lower amounts to avoid being flagged is a crime.
Depending on what amuses you, you can give a reason they do not want to record, or just stop putting money in the account and drain it, or just transfer it for spite.
[ + ] HeavyBrain
[ - ] HeavyBrain 10 points 2 weeksApr 15, 2024 17:31:58 ago (+10/-0)
Some kind of reverse 100$ gun tax stamp.
[ + ] JosephGoebbels
[ - ] JosephGoebbels 6 points 2 weeksApr 15, 2024 17:09:03 ago (+6/-0)
[ + ] Prairie
[ - ] Prairie 0 points 2 weeksApr 16, 2024 04:48:00 ago (+0/-0)
That might backfire.
[ + ] texasblood
[ - ] texasblood -1 points 2 weeksApr 15, 2024 20:02:37 ago (+0/-1)
I do $3k's up to $20k + thru the drive thru.
Never been questioned once.
I know others that do the same thing preceeding gun shows and auto auctions
[ + ] Leveraction
[ - ] Leveraction 1 point 2 weeksApr 15, 2024 21:44:42 ago (+1/-0)*
[ + ] texasblood
[ - ] texasblood 0 points 2 weeksApr 15, 2024 21:55:32 ago (+1/-1)
[ + ] Cantaloupe
[ - ] Cantaloupe [op] 0 points 2 weeksApr 16, 2024 22:08:33 ago (+0/-0)
[ + ] yesiknow
[ - ] yesiknow 11 points 2 weeksApr 15, 2024 14:14:18 ago (+11/-0)
If he doesn't close his account he's a horrible person
[ + ] oyy_veyy_goyy
[ - ] oyy_veyy_goyy 9 points 2 weeksApr 15, 2024 19:39:11 ago (+9/-0)
[ + ] clymer
[ - ] clymer 9 points 2 weeksApr 15, 2024 14:51:11 ago (+9/-0)
[ + ] x0x7
[ - ] x0x7 7 points 2 weeksApr 15, 2024 17:18:26 ago (+7/-0)
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 08:26:13 ago (+0/-0)
They might also be a contractor that is extorting the tradesmen for work completed for belonging to a larger corporate body.
Cash is king
[ + ] Cantaloupe
[ - ] Cantaloupe [op] 4 points 2 weeksApr 15, 2024 15:45:55 ago (+4/-0)
[ + ] Leveraction
[ - ] Leveraction 3 points 2 weeksApr 15, 2024 17:59:50 ago (+3/-0)
[ + ] purityspiral
[ - ] purityspiral 0 points 2 weeksApr 16, 2024 08:56:36 ago (+0/-0)
In fact, they are supported legally in this. It's not really yours because you don't have it, until they release it to you.
They don't have to and they know that.
I worked at Wells Fargo and I sat near the tellers at lunch.
They laugh at you (and me, as I am also a consumer).
I have heard it candidly with my own ears.
They laugh about how we rant about it being "our money" and they say "haha no it isn't not until we give it to you".
I have heard them say these exact words casually on the smoking area and on premises cafes.
Dont ever think you are crazy. Its all true and you are not crazy.
Go work at a bank and tell me if I'm lying, cuz I aint.
and you already know this part, but that laughing teller, is a nigger.
You know I speak truth.
If you want to know how a place really works. Get a low end job there. You will learn all their dirty secrets.
[ + ] rzr97
[ - ] rzr97 -4 points 2 weeksApr 15, 2024 15:45:28 ago (+1/-5)
[ + ] Niggly_Puff
[ - ] Niggly_Puff 8 points 2 weeksApr 15, 2024 13:17:25 ago (+8/-0)
[ + ] rzr97
[ - ] rzr97 2 points 2 weeksApr 15, 2024 15:48:16 ago (+4/-2)
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 08:22:40 ago (+0/-0)
What a spastic moshie, probably getting high on foreskins or dick blood to write that drivel.
Everyone knows fiat is a failing monetary scam but you don’t know shit from mud mohelrzr97.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 08:51:59 ago (+0/-0)
https://en.wikipedia.org/wiki/Money_creation
Ordinary commercial banks quite literally create US dollars.
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 09:56:44 ago (+0/-0)
know nothing screeches into the void, proving once more you are a brainlet.
duuuuuuddeeee.
The process of money creation is not the result of the actions of any single bank, rather the banking system as a whole acts to create money.
Commercial banks make money by providing and earning interest from loans. Usury; not printing money.
The Reserve Bank/Central Bank is the only one that can physically print more money you dumb cunt, otherwise how can they affect monetary policy such as slow or increase spending through interest rates if everyone has a xerox?
You are a stupid cunt, I mean you are giving the glue eaters and flattards a run for their money tonight, aren't you?
Central bank, not commercial bank.
This touches on the quantitative easing scam. A money-printing program which enables high inflation. This is where central bank purchase predetermined amounts of government bonds.
When a central bank prints money, the supply of dollars increases which devalues the currency aka inflation which also means a decrease in a currency's buying power overseas.
QE discussed by MP Godfrey Bloom
Central banks not commercial banks.
OMO (Open market operations) reduces the money supply at banks, thats what we are seeing now where commerical banks are refusing to give you your cash. To put it plainly, the central bank buys government securities on the open market, hence the name Open Market Securities. This is done as a quick fix maintain the actual cash rate as close as possible to the target rate to stall inflation in the elaborate scam known as fiat currency.
Commercial banks lending money above their creditors to debtors resulting in default and govt bail out. e.g. Bank of America, Citigroup, Goldman Sachs, J.P. Morgan. Commercial banks are not b=printing money, they dont have the authority to do so, they are saying they have money to give you and others they don't have.
Really simply for play-doh eaters, Bank A has 100 tokens, it gives out 150 tokens, debitor X wants 0.1 token, bank says FU, don't have it cunt.
You are such a ridiculous little man, I will have fun doing your head in this week.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:19:58 ago (+0/-0)
Commercial banks create money. In fact, they create the most money.
We're not talking about printing. That is another subject. We're talking about moneuy creation.
https://www.youtube.com/watch?v=JG5c8nhR3LE
You're wrong about this just like most things in your life. You think you understand something and you spout off dogmatically over and over. Strong but wrong. That's your modus operandi.
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/banking-and-the-expansion-of-the-money-supply-ap/v/money-creation-in-a-fractional-reserve-system-ap-macroeconomics-khan-academy
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 10:37:13 ago (+0/-0)
I am the one who brought up Chase and money multiplier, I even provided a video of Fractal Reserve Banking by UKIP minister from 2013 discussing a 2009 policy. Commercial banks only make money by loans an interest paid in term.
They try to make more by using neat kike tricks like fractal reserve banking. This is when banks may lend funds on deposit, so if debitors want money they dont have a reserve, it defaults the creditors and the bank.
The only "bank" that can print money is the central bank.
As I discussed and woosh it went over your head, banks can "create money" by lending more than the original reserves on hand. This is how they default, again I already stipulated this above.
Kahn academy is initially discussing OMO, which is something central banks do daily. The conceptualization doesn't take into account interest and the person can't loan bank A and deposit in bank B, then he is unwittingly discussing exchange liquidity.
Get your ducks in order ffs.
Are you out of hummus?
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:43:44 ago (+0/-0)
You're just so lost and making absurd statement time and again.
Banks don't default because they create money. Also, guess what, "fractional" reserve banking doesn't even truly exist any more in the US since the fed removed the reserve requirement in 2020.
One more little nugget for you. The central bank DOES NOT PRINT MONEY!!! You're conflating things left and right. Yes they CREATE money but the actual printing is done by the mint at the treasury NOT the federal reserve. The fed funds this with digital dollars they wish into existence but this is mostly just about maintaining the circulating supply of bills and coins.
Commercial banks CREATE the vast majority of money in the US.
Sorry, play again!
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:44:14 ago (+0/-0)
You're just so lost and making absurd statement time and again.
Banks don't default because they create money. Also, guess what, "fractional" reserve banking doesn't even truly exist any more in the US since the fed removed the reserve requirement in 2020.
One more little nugget for you. The central bank DOES NOT PRINT MONEY!!! You're conflating things left and right. Yes they CREATE money but the actual printing is done by the mint at the treasury NOT the federal reserve. The fed funds this with digital dollars they wish into existence but this is mostly just about maintaining the circulating supply of bills and coins.
Commercial banks CREATE the vast majority of money in the US.
Sorry, play again!
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 10:48:29 ago (+0/-0)
You 18hrs ago, implying commerical banks actually print money out of thin air and dont actually deal in loans and the fed doesn't deal in securities.
Jester academy worthy.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:51:02 ago (+0/-0)
I wonder if you're actually learning anything here yet or will you walk away just as stupid as you are now. That's what I'm betting on.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:52:05 ago (+0/-0)
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 11:01:24 ago (+0/-0)
Let's say I loan you 100 dollars. Then you loan that 100 dollars to your friend. Right now ONLY YOUR FRIEND can spend that 100 dollars.
Now let's say a bank loans you 100 dollars which you put in your checking account at another bank. Now THAT bank loans out that 100 dollars to you friend who deposits it in their bank. You can spend your 100 dollars AND your friend can spend their 100 dollars. Does this help clear up how banks create money for you? Probably not but it was worth the try.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:23:01 ago (+0/-0)
Commercial banks create money. That's the bottom line. Every new loan is a new money that is created. This is basic economics that any standard textbook will explain to your retarded kike ass.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:35:24 ago (+0/-0)
You're conflating things. The banks can't just create money at will. It has to be in the form of new loans.
The central bank uses various methods to set the rate at which this happens including just plain regulation. Did you want to talk about the federal funds rate or the buying or selling of securities to adjust reserves?
I doubt it since your premise is that commercial banks don't create money.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 10:35:51 ago (+0/-0)
You're conflating things. The banks can't just create money at will. It has to be in the form of new loans.
The central bank uses various methods to set the rate at which this happens including just plain regulation. Did you want to talk about the federal funds rate or the buying or selling of securities to adjust reserves?
I doubt it since your premise is that commercial banks don't create money.
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 16, 2024 08:54:37 ago (+0/-0)
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 09:34:08 ago (+0/-0)
The point of contention is was making is that you think people can bank at the central bank you nitwit.
The federal reserve is only partly independent of the government, they primarily work with markets and set the rate of inflation and how much monopoly money they can print out of thin air, whose monetary policy gets passed on to actual banks. You got all confused because you are a spaz and saw central BANK and 'consumer, business and institutional banking' and thought they were the same thing.
What a moron.
Also fuck central banking and the glue eaters like yourself trying to explain finance, all whilst dribbling porridge on your high chair.
[ + ] clymer
[ - ] clymer 0 points 2 weeksApr 16, 2024 09:37:26 ago (+0/-0)
[ + ] Nosferatjew
[ - ] Nosferatjew 7 points 2 weeksApr 15, 2024 13:15:30 ago (+7/-0)
[ + ] Zyklonbeekeeper
[ - ] Zyklonbeekeeper 7 points 2 weeksApr 15, 2024 17:48:27 ago (+7/-0)
[ + ] dulcima
[ - ] dulcima 4 points 2 weeksApr 15, 2024 22:42:04 ago (+4/-0)
[ + ] observation1
[ - ] observation1 4 points 2 weeksApr 16, 2024 03:12:55 ago (+4/-0)
[ + ] parrygrin
[ - ] parrygrin 2 points 2 weeksApr 15, 2024 14:03:54 ago (+2/-0)
[ + ] parrygrin
[ - ] parrygrin 4 points 2 weeksApr 15, 2024 14:04:39 ago (+4/-0)
[ + ] HonkyMcNiggerSpic
[ - ] HonkyMcNiggerSpic 6 points 2 weeksApr 15, 2024 16:15:11 ago (+6/-0)*
[ + ] Clubberlang
[ - ] Clubberlang 3 points 2 weeksApr 15, 2024 20:02:35 ago (+3/-0)
[ + ] HeyJames
[ - ] HeyJames 5 points 2 weeksApr 15, 2024 18:01:21 ago (+5/-0)
[ + ] Prairie
[ - ] Prairie 0 points 2 weeksApr 16, 2024 04:49:14 ago (+0/-0)
[ + ] RMGoetbbels
[ - ] RMGoetbbels 5 points 2 weeksApr 15, 2024 13:45:47 ago (+5/-0)
[ + ] TheSimulacra
[ - ] TheSimulacra 5 points 2 weeksApr 15, 2024 14:46:55 ago (+5/-0)
2. When you put money in the bank, its their money, not yours.
3. Good advice would be to NOT PUT YOUR MONEY IN THE BANK in the first place.
[ + ] fritz_maurentod
[ - ] fritz_maurentod 4 points 2 weeksApr 15, 2024 14:53:49 ago (+5/-1)
[ + ] rzr97
[ - ] rzr97 0 points 2 weeksApr 15, 2024 15:49:22 ago (+3/-3)
[ + ] CRKT_M16Z
[ - ] CRKT_M16Z 4 points 2 weeksApr 15, 2024 14:52:33 ago (+5/-1)
[ + ] Sector2
[ - ] Sector2 4 points 2 weeksApr 15, 2024 14:28:48 ago (+4/-0)
Dumbass: "No, I'm not cattle, what are you talking about?"
I don't support the cattle or the ranchers, but the WEF is correct that their herds need to be 'thinned'.
[ + ] Fascinus
[ - ] Fascinus 4 points 2 weeksApr 15, 2024 13:39:15 ago (+5/-1)
https://files.catbox.moe/6vtj1a.mp4
https://pomf2.lain.la/f/tvqbiniz.mp4
https://qu.ax/tWlr.mp4
[ + ] Crackinjokes
[ - ] Crackinjokes 3 points 2 weeksApr 15, 2024 13:00:39 ago (+3/-0)
[ + ] Clubberlang
[ - ] Clubberlang 0 points 2 weeksApr 15, 2024 20:03:40 ago (+1/-1)
[ + ] Leveraction
[ - ] Leveraction 2 points 2 weeksApr 15, 2024 21:40:56 ago (+2/-0)
[ + ] TheNoticing
[ - ] TheNoticing 2 points 2 weeksApr 15, 2024 18:39:23 ago (+2/-0)
[ + ] Leveraction
[ - ] Leveraction 2 points 2 weeksApr 15, 2024 17:53:33 ago (+2/-0)
[ + ] HeavyBrain
[ - ] HeavyBrain 2 points 2 weeksApr 15, 2024 17:27:28 ago (+2/-0)
[ + ] con77
[ - ] con77 2 points 2 weeksApr 15, 2024 16:59:00 ago (+2/-0)
[ + ] RobertJHarsh
[ - ] RobertJHarsh 2 points 2 weeksApr 15, 2024 15:44:12 ago (+3/-1)
[ + ] dulcima
[ - ] dulcima 3 points 2 weeksApr 15, 2024 22:45:32 ago (+3/-0)
[ + ] NoRefunds
[ - ] NoRefunds 1 point 2 weeksApr 16, 2024 00:05:10 ago (+1/-0)
[ + ] Scyber
[ - ] Scyber 1 point 2 weeksApr 15, 2024 20:07:54 ago (+2/-1)
You're able to move large amounts of money easily and without questions.
In before "digital dollar, one world currency, TPTB track your transactions, mark of the beast, power grid going down, blah blah blah"
You do realize all that shit is going on right now while the dollar is collapsing. Crypto isn't going ANYWHERE because massive conglomerates like BlackRock have BILLIONS invested in it and they sure as hell are taking steps to make sure they're not gonna lose any of it.
[ + ] Clubberlang
[ - ] Clubberlang 1 point 2 weeksApr 15, 2024 19:48:11 ago (+1/-0)
Just stand up and ask for someone that speaks your language, just like their catered to in countries they go to that speak English.
Start demanding they accommodate your inability to speak the local dialect.
[ + ] Good_Person
[ - ] Good_Person 0 points 2 weeksApr 16, 2024 20:06:13 ago (+0/-0)
[ + ] registereduser
[ - ] registereduser 1 point 2 weeksApr 15, 2024 18:11:56 ago (+1/-0)
[ + ] purityspiral
[ - ] purityspiral 0 points 2 weeksApr 16, 2024 09:03:46 ago (+0/-0)
[ + ] UncleDoug
[ - ] UncleDoug 0 points 2 weeksApr 16, 2024 08:11:12 ago (+0/-0)
Just close the account and bank the very next bank you see.
Last time I went into my bank I threatened the loan officer because she wouldn’t give me a new debit card to replace the faulty one they gave me.
Police arrived, long long fucking story.
[ + ] GeorgeBailey
[ - ] GeorgeBailey 0 points 2 weeksApr 16, 2024 05:01:13 ago (+0/-0)
[ + ] texasblood
[ - ] texasblood -1 points 2 weeksApr 15, 2024 19:58:07 ago (+0/-1)
Everyone in ear shot would get a free ticket to the fireworks show.
I moved to a Credit Union 20yrs ago and have never had a tangible issue.