This is one of those things where I’m torn between “there’s no way the cabal of competent capitalists running this entire circus would ever allow this because a bank run would destroy the mountain of fictitious capital that is their dragon’s hoard” and “oh fuck, I’m not sure any of the cabal of capitalists that run this circus are competent anymore, they might actually do it.”
Look at it this way, if they wreck the economy, then at least we know if the power brokers are still competent or not, and who is whose figurehead. It would answer so many questions.
I’m just not willing to pay the price for such knowledge
If it’s in a bank, that’s peasants’ money, not the stock options and real estate and foreign accounts and Bitcoin investments and the other thousands of ways the capitalists hide money.
And why wouldn’t they cause another bubble to pop that the government would be forced to bail them out of?
The bank’s money is the capitalists’ money; that’s what they’re loaning out to each other and investing into stocks. A mass bank run would run through Wall Street like a wildfire.
And the FDIC is the government bailing them out, that’s the entire point of insuring money in bank accounts.
This is one of those things where I’m torn between “there’s no way the cabal of competent capitalists running this entire circus would ever allow this because a bank run would destroy the mountain of fictitious capital that is their dragon’s hoard” and “oh fuck, I’m not sure any of the cabal of capitalists that run this circus are competent anymore, they might actually do it.”
Look at it this way, if they wreck the economy, then at least we know if the power brokers are still competent or not, and who is whose figurehead. It would answer so many questions.
I’m just not willing to pay the price for such knowledge
🙂
If it’s in a bank, that’s peasants’ money, not the stock options and real estate and foreign accounts and Bitcoin investments and the other thousands of ways the capitalists hide money.
And why wouldn’t they cause another bubble to pop that the government would be forced to bail them out of?
The bank’s money is the capitalists’ money; that’s what they’re loaning out to each other and investing into stocks. A mass bank run would run through Wall Street like a wildfire.
And the FDIC is the government bailing them out, that’s the entire point of insuring money in bank accounts.