Trump’s DOGE Team Is Asking Potential Appointees If They Can Abolish the FDIC
Trump’s DOGE Team Is Asking Potential Appointees If They Can Abolish the FDIC
Actually this could be a good thing. It could create a mass exodus from big banks to credit unions. As credit unions have their own insurance program separate from FDIC
Until they get to that one.
I'm guessing you mean exodus.
Also, some credit unions suck. I support them overall and I use one myself, but I am very displeased with it.
Damn you autocorrect
How long until these schmucks try to push us back onto the gold standard?
GOLGE
I really need you and everyone else to know that the gold Standard was holding down inflation. The massive wealth disparities we see now are because of the US dollar becoming fiat.
The quicker we return to a standard of any kind the quicker things go back to normal.
This is not their intent. They want ownership of property, not gold. Property is the only thing in true demand. And only the wealthy can afford it.
Instead of inflation, gold causes a financial crisis just because its price fluctuates. That's not better.
Edit: typo correction
I would agree with you, but then we'd both be wrong.
We also had more regular and much bigger recreating during that time. I'll take a little inflation over wrecked economy every few years. Wages can increase to match inflation. Mass unemployment isn't as easy to fix
Musk would put us on the emerald standard, first
Do you want another Great Depression? Because that's how you get another Great Depression.
People are saying it's the greatest depression. We're gonna make sure it's huge. Best, biggest depression ever. You'll see. Huge depression.
He did say he would make America Great again.
I pray to saint luigi that these clowns will be removed from power.
By any means necessary.
When Musk worked with PayPal, which he also wanted to change to "X", he wanted it to be some kind of one stop universal banking and finance website.
I'm imagining they want to disband the FDIC so that they can both fuck with crypto currency and also turn Twitter into some kind of commerce website
So we're seeing this and decided nothing can be done for the next 4 years?
Well, at least my $0 nest egg will be safe.
Do you want bankruns? Because this is how you get bankruns.
I know if I think this is going to happen I'll be closing my bank account immediately.
You joke but I'm starting to think I should pull my retirement before these goons get to it...
They want to pump crypto and dump it to buy real estate and public assets during the depression, and then literally own the country.
I'd diversify. At this point I have limited trust in bonds much less stocks