nortex97 said:

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geoag58 said:

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MD1993 said:

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Yellen is a trainwreck. We need to get the olds out of our government.

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What and replace them with UBI Jerry Yang? Youngs, you shouldn't think you have all the answers, in twenty years you are going to be asked why you did nothing. There is nothing new under the sun.

If Donald Trump wins the nomination you better close your yaps and be prepared get to the streets to counter the left's protests this time around. We are about to lose our country if we are unwilling to fight for it!

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If Janet Yellen were replaced by AOC or Cori Bush, I am not sure it would matter. They are all incompetent/deliberately so leftists. Possibly, some are just really stupid, but as per above Yellen is worth too much money herself to be as dumb as she comes across.

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Have you considered that she may be corrupt and stupid. Corruption pays, just ask the big guy.

The Green Dragon said:

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Stating the facts of the situation created by government spending, the covid lockdowns and crony capitalism is not hyping anything.

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Convincing the vast majority of people their money is not safe in the bank which is not accurate for the vast majority causing them to think they need to run take their money out certainly is.

The Green Dragon said:

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Gyles Marrett said:

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Zergling Rush said:

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MagnumLoad said:

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Fear is a tool of the left. Banks are ok.

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I agree that fear is a tool of the left.

But I'd really like to hear how you come to the conclusion that "banks are ok" in light of this emergency meeting and the recent collapses of domestic (SVB, First Republic) and global bank (Credit Suisse).

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If you really think your bank is similar to the banks that failed then I'm doubting you understand much about those banks. The average joe and their bank is not in risk of collapsing.

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No, but if the big banks receive unlimited depositor protection and the little ones do not, only a fool would keep their assets over fdic in an unprotected bank. Leading the little banks to fail.

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. 90% of people have less assets, let alone deposits, of $250k.

Why would they move their money?

You have no idea what you are talking about, seriously, not a clue......It's not the little guy withdrawing the money causing this.

And I don't post this stuff to cause panic. It's to wake people up the very serious problems occurring and spur them to take action to protect themselves and families financially.


There are giants in the global financial playground fighting over control of the system. (Hint if you're hanging out on TexAgs, you're not a giant) It's best to figure out ways to not get caught under their feet.

agracer said:

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The Green Dragon said:

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Gyles Marrett said:

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Zergling Rush said:

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MagnumLoad said:

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Fear is a tool of the left. Banks are ok.

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I agree that fear is a tool of the left.

But I'd really like to hear how you come to the conclusion that "banks are ok" in light of this emergency meeting and the recent collapses of domestic (SVB, First Republic) and global bank (Credit Suisse).

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If you really think your bank is similar to the banks that failed then I'm doubting you understand much about those banks. The average joe and their bank is not in risk of collapsing.

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No, but if the big banks receive unlimited depositor protection and the little ones do not, only a fool would keep their assets over fdic in an unprotected bank. Leading the little banks to fail.

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. 90% of people have less assets, let some deposits, if $250k.

Why would they move their money?

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there are $19T in deposits in US banks and the entire FDIC deposit insurance fund is about $130B.

MD1993 said:

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Yellen is a trainwreck. We need to get the olds out of our government.

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ALL of the olds have got to go!!

Gyles Marrett said:

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The Green Dragon said:

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Stating the facts of the situation created by government spending, the covid lockdowns and crony capitalism is not hyping anything.

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Convincing the vast majority of people their money is not safe in the bank which is not accurate for the vast majority causing them to think they need to run take their money out certainly is.

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if you are able to read a balance sheet and think for yourself, you can pretty easily figure out the financial situation at most banks, which is that they are currently insolvent. people can do whatever they want with that information.

can you please point to where you are getting the idea that most banks are doing just fine? because i would honestly like to read that.

Zergling Rush said:

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Quote:

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...

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Our financial system is based on confidence. Are you confident that this woman is going to guide us through the current headwinds?????

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I am not confident this idiot could guide the US through any tailwinds. With her at the helm the chances of a complete fiscal failure with the current headwinds is logarithmically increased.

edit to reduce thread footprint.

Spend more on foreign wars and more on social programs, a proven solution.

ac04 said:

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agracer said:

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The Green Dragon said:

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Gyles Marrett said:

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Zergling Rush said:

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MagnumLoad said:

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Fear is a tool of the left. Banks are ok.

---

I agree that fear is a tool of the left.

But I'd really like to hear how you come to the conclusion that "banks are ok" in light of this emergency meeting and the recent collapses of domestic (SVB, First Republic) and global bank (Credit Suisse).

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If you really think your bank is similar to the banks that failed then I'm doubting you understand much about those banks. The average joe and their bank is not in risk of collapsing.

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No, but if the big banks receive unlimited depositor protection and the little ones do not, only a fool would keep their assets over fdic in an unprotected bank. Leading the little banks to fail.

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. 90% of people have less assets, let some deposits, if $250k.

Why would they move their money?

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there are $19T in deposits in US banks and the entire FDIC deposit insurance fund is about $130B.

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If everyone ran the bank at the same time we're all screwed regardless.

My point was simply 90% of the country simply doesn't have the assets or deposits to be worried about FDIC coverage

MD1993 said:

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Yellen is a trainwreck. We need to get the olds out of our government.

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She reminds me of the grandma in 'Mars Attacks'

agracer said:

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ac04 said:

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agracer said:

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The Green Dragon said:

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Gyles Marrett said:

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Zergling Rush said:

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MagnumLoad said:

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Fear is a tool of the left. Banks are ok.

---

I agree that fear is a tool of the left.

But I'd really like to hear how you come to the conclusion that "banks are ok" in light of this emergency meeting and the recent collapses of domestic (SVB, First Republic) and global bank (Credit Suisse).

---

If you really think your bank is similar to the banks that failed then I'm doubting you understand much about those banks. The average joe and their bank is not in risk of collapsing.

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No, but if the big banks receive unlimited depositor protection and the little ones do not, only a fool would keep their assets over fdic in an unprotected bank. Leading the little banks to fail.

---

. 90% of people have less assets, let some deposits, if $250k.

Why would they move their money?

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there are $19T in deposits in US banks and the entire FDIC deposit insurance fund is about $130B.

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If everyone ran the bank at the same time we're all screwed regardless.

My point was simply 90% of the country simply doesn't have the assets or deposits to be worried about FDIC coverage

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but the people that do are also the people who are smart enough to take steps to protect themselves from bank insolvency. that's the problem.

Old McDonald said:

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aggie93 said:

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Captain Pablo said:

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MD1993 said:

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Yellen is a trainwreck. We need to get the olds out of our government.

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And replace them with what? Millennials?

Yeah that'll work

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Give Gen X a chance. Elon Musk, Ron DeSantis, Ted Cruz, Chip Roy, Rand Paul, I could go on. Unfortunately we have always been outnumbered but we ran +14 Republican last cycle.

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are they the most republican age block now?

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By far, Boomers are very slightly Republican. Millennials are Dem but not as bad as they used to be, Z is overwhelmingly Dem. If you look at unmarried women it's insanely Dem and since there are a lot of unmarried female Millennials that's a big problem, they have made the government their husband.

MD1993 said:

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Yellen is a trainwreck. We need to get the olds out of our government.

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When she speaks it sounds like she's on a breathing machine.

The panic.

Reminds me of…

agracer said:

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The Green Dragon said:

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Gyles Marrett said:

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Zergling Rush said:

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MagnumLoad said:

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Fear is a tool of the left. Banks are ok.

---

I agree that fear is a tool of the left.

But I'd really like to hear how you come to the conclusion that "banks are ok" in light of this emergency meeting and the recent collapses of domestic (SVB, First Republic) and global bank (Credit Suisse).

---

If you really think your bank is similar to the banks that failed then I'm doubting you understand much about those banks. The average joe and their bank is not in risk of collapsing.

---

No, but if the big banks receive unlimited depositor protection and the little ones do not, only a fool would keep their assets over fdic in an unprotected bank. Leading the little banks to fail.

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. 90% of people have less assets, let alone deposits, of $250k.

Why would they move their money?

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The real problem for Joe Sixpack and Jane Boxwine in this whole thing isn't their bank account. It's their employer's payroll account.

Yellen has always been a big government proponent and globalist.

In terms of economic philosophy, she is cut from the same mold as Helicopter Ben and Team Transitory Blinder.

And she is still in shock that the inflation is real.

But that is what you get with a far left Biden administration.

Do your finances a favor and take what Zerohedge posts with a grain of salt.

Step 1: Dismiss TA

Step 2: Read ZH pic.twitter.com/si6clTiH85

— Arun S. Chopra CFA CMT🧐 (@FusionptCapital) March 22, 2023

pic.twitter.com/sKIGoMKcNs

— Arun S. Chopra CFA CMT🧐 (@FusionptCapital) March 20, 2023

aggie93 said:

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Captain Pablo said:

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MD1993 said:

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Yellen is a trainwreck. We need to get the olds out of our government.

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And replace them with what? Millennials?

Yeah that'll work

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Give Gen X a chance. Elon Musk, Ron DeSantis, Ted Cruz, Chip Roy, Rand Paul, I could go on. Unfortunately we have always been outnumbered but we ran +14 Republican last cycle.

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Marco Rubio
Glenn Youngkin
Chris Sunnunu

Wasn't HEB supposed to be out of food last fall? That was the prediction last summer.

Yellen is an idiot, but Zerohedge is not reliable.

Stat Monitor Repairman said:

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Need more of this.

Covid broke some people's sense of humor, but yours is still intact!