Bank runs

[grumster]

A few more become insolvent this week, it ain't looking good. We better clutch your pearls (gold and silver)..

 

[Allen]

Well, until the FDIC is in trouble, I look at this as just another failed business. It happens.

 

[grumster]

The fdic can't cover.. we are in trouble. You may want to do a little research.. guppies swallow anything whole.

 

[Prairie Doggin']

The fdic can't cover.. we are in trouble. You may want to do a little research.. guppies swallow anything whole.

We can print more money. We'll tax the rich later to make it up.

 

[grumster]

The fdic can't cover.. we are in trouble.

Or maybe they'll print

We can print more money. We'll tax the rich later to make it up.

fiat money.. it's a bad place to be if anyone is asking. Where do you think inflation comes from?

 

[FightingSioux]

So if I spend all my cash on a new boat I won’t any of my money right?

 

[LBrandt]

just sell Russia Ukraine since we own most of it now and we good to go, after Biden gets his cut, not so much. LB

 

[Zogman]

America’s Financial Reign Coming to an END… Prepare Now

The World Order Is Shifting.

Attention Fellow Americans,

America's 80-year reign as the global financial kingpin is under siege.

Dozens of nations are banding together to dethrone the U.S. dollar, threatening a collapse that could shatter the American way of life.

Wall Street insider John Browne, a former financial adviser to President Donald Trump and Prime Minister Margaret Thatcher, warns of this imminent crisis.

He's seen the signs before, and now he's sounding the alarm for everyday Americans like us.

In his latest warning, Browne reveals:

• Why the dollar's fall spells opportunity for some Americans.
• His actionable plan to shield your finances from the coming storm.
• And strategies to potentially turn this crisis into financial victory.

 

[NG3067]

Economy is being propped up so it doesn‘t fail while Biden is in charge. If/when Trump gets elected they will let it crash so they can blame it on him.

 

[Allen]

The fdic can't cover.. we are in trouble. You may want to do a little research.. guppies swallow anything whole.

Your opinion, or do you have a source for more details?

 

[Zogman]

This is Biden's top Economic Advisor! Under 2 minutes. ENJOY!



Allen I guarantee you would enjoy this!!!

 

[Zogman]

He has a degree in Music! Boy are we fluffed........

 

[walleyeman_1875]

This is Biden's top Economic Advisor! Under 2 minutes. ENJOY!



Allen I guarantee you would enjoy this!!!

Please tell me this video is a “gag video” meant to be a joke. No way this guy could even pass a basic on Econ101 or Finance101 class.

You almost have to intentionally come across this stupid.

 

[Allen]

This is Biden's top Economic Advisor! Under 2 minutes. ENJOY!



Allen I guarantee you would enjoy this!!!

Not so sure I enjoyed it all, but him and ol' Joe in one room would make for an interesting listen.

That being said, what does it have to do with banks (you know, private businesses) going bankrupt and FDIC not being there for the insured customers?

 

[NDbowman]

Holy Christ, I hope this is a spoof or joke video.

 

[Zogman]

From Wikipedia, the free encyclopedia

Jared Bernstein
31st Chair of the Council of Economic Advisers
Member of the Council of Economic Advisers
Personal details
Incumbent
Assumed office July 10, 2023
President	Joe Biden
Preceded by	Cecilia Rouse
In office January 20, 2021 – July 10, 2023
President	Joe Biden
Preceded by	Tomas J. Philipson
Succeeded by	Kirabo Jackson
Born	December 26, 1955 (age 68)
Political party	Democratic
Education	Manhattan School of Music (BM) Hunter College (MSW) Columbia University (DSW)

Jared Bernstein (born December 26, 1955)[1] is an American "economist" who is the chair of the United States Council of Economic Advisers. He is a senior fellow at the Center on Budget and Policy Priorities.[2] From 2009 to 2011, Bernstein was the chief economist and economic adviser to Vice President Joe Biden in the Obama Administration.[3] In 2008, Michael D. Shear described Bernstein as a progressive and "a strong advocate for workers".[4]
In February 2023, President Joe Biden nominated Bernstein to serve as Chair of the Council of Economic Advisers despite not having a formal background in economics.[5] He was confirmed to be chair on June 13, 2023.[6] He was ceremonially sworn in by Vice President Kamala Harris on July 10, 2023.[7]

Early life and education[edit]​

Bernstein stated he grew up in a "musical family" and aspired to be a professional musician as a young person.[8] Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. Throughout the Eighties Jared was a mainstay on the jazz scene in NYC.[citation needed]
He also earned a Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.[9][10] At Columbia, his dissertation advisor was Irwin Garfinkel.[11] He is of Jewish descent.[12]

 

[Zogman]

Why on God's green earth was he picked for that position???
Anyone, anyone!

 

[1bigfokker]

And the sky is falling.