People Are Getting Their Money Out of Banks
US Big Banks Suffer Biggest Deposit Outflow Since April… Until The Fed ‘Adjusted’ Them
This is the biggest Large bank deposit drop since May…
Are they holding back a banking crisis for Trump’s victory?
Source: https://ncrenegade.com/people-are-getting-their-money-out-of-banks/
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Whistler Blowers, Insiders
I’m not getting my money out.
The only money I have is USMint coins, and in the bank I have currency.
Mike Mahoney, The Secret of Money series, explains the federal reserve system and the difference between money and currency.
My currency is earning interest and the interest is paying my bills, buying my household goods, paying my insurance premium, and paying my rent.
My currency hasn’t reduced, and I don’t have to worry about it reducing as long as interest rates continue to rise or do not go lower than the previous rate decrease.
The banks are using my currency to loan to each other and paying me compound interest in the balance daily.
Today if I have $100 and earn 50¢ interest, tomorrow I’d had $100.50 and earn interest on that and the longer it sits the more I earn. Yes, I could spend the hundred but if the . 50¢ is the cost of gas to fill my gas tank, the interest paid for my gas and the $100 is still there to do that again.
It’s not as good as the stock market, but it’s consistent and I don’t have to worry about a crash and it does what I need right now.
Retired people were living in foreign countries off the interest paid on their currency until Bernanke dropped rates to zero and kept it there and they spent the money down or went broke, or had to invest in something or work ( not calling out gambling or lottery for chances to have more money)
and so you should. how can you keep trusting these institutions that have a commie history? what do you think is going to happen when our massive national debt is called. to heck with interest, it is better to invest in something than to continue with banks. manage your own money; you don’t need a baby sitter.