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Is Armageddon Upon Us????

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what better way to go to the new plastic currency card,?Crash the banks than take part of our money and put on a card for us and keep the rest,My finiacial advisor and my bankser both say its coming by end of this year,Ive talked to others and some of their advisors have said the same thing.

I'm among the first to criticize bailouts in general and the bailout of SVB in particular is theft, pure and simple. But the way it is being done, by forcing FDIC member banks to pay for it, will not hit the consumer directly. It arrives in the form of lower interest rates on your deposits, higher fees for banking functions and lower valuations for bank equities (meaning bank stocks in your 401k). Everything is passed on to the consumer eventually hence the tax payer picks up the tab.

What you are saying is outright theft and even the Biden minions are not that stupid. Look what happened when France tried to do that. Their one time tax on wealth is what I refer to. The wealth started flooding out of the country, there was severe backlash from the general population and their one time tax was reversed. The difference between France and the US is that US citizens are armed and the consequences of a direct ripoff like that would be unrecoverable.
 
I'm among the first to criticize bailouts in general and the bailout of SVB in particular is theft, pure and simple. But the way it is being done, by forcing FDIC member banks to pay for it, will not hit the consumer directly. It arrives in the form of lower interest rates on your deposits, higher fees for banking functions and lower valuations for bank equities (meaning bank stocks in your 401k). Everything is passed on to the consumer eventually hence the tax payer picks up the tab.

What you are saying is outright theft and even the Biden minions are not that stupid. Look what happened when France tried to do that. Their one time tax on wealth is what I refer to. The wealth started flooding out of the country, there was severe backlash from the general population and their one time tax was reversed. The difference between France and the US is that US citizens are armed and the consequences of a direct ripoff like that would be unrecoverable.
Are guns outlawed in France ?
 
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