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Here we go! Swiss banks are preparing for bank runs...
1402 sats \ 20 comments \ @GhostofTruth 3 Nov 2023 meta
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246 sats \ 2 replies \ @harrr 3 Nov 2023
Good thing I'm my own bank.
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0 sats \ 0 replies \ @beorange 4 Nov 2023
Amen
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0 sats \ 0 replies \ @GhostofTruth OP 3 Nov 2023
Please explain that an UBS acountant
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182 sats \ 2 replies \ @nerd2ninja 3 Nov 2023
Why? They can just print money anyway
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269 sats \ 0 replies \ @GhostofTruth OP 3 Nov 2023
I don't think that's so easy. They need to control inflation, too and banks are not lending like before. Liquidity is drying up
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33 sats \ 0 replies \ @GhostofTruth OP 3 Nov 2023
Exactly. There is no liquidity in the system. Jerome did a good job!
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41 sats \ 1 reply \ @lonestarr 3 Nov 2023
Credit Suisse earlier this year, now this. When the Swiss are worried about bank runs, you know there are serious systemic issues in fiat banking.
Think of all the old money that put their money in "Swiss bank accounts" thinking it was the highest bar of protection.
We know better. Bitcoin is the new "Swiss bank account" that you self custody, at least 2 of 3.
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21 sats \ 0 replies \ @GhostofTruth OP 3 Nov 2023
What can I say... You're right.
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33 sats \ 1 reply \ @supertestnet 3 Nov 2023
Fiat -> bank runs
Bitcoin -> run banks
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0 sats \ 0 replies \ @GhostofTruth OP 3 Nov 2023
I like the good ol' laconic truth.
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10 sats \ 1 reply \ @JesseJames 3 Nov 2023
Naa, they don't they just skerred lol. Bankers probably live in Zug and keep stacking...
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0 sats \ 0 replies \ @GhostofTruth OP 3 Nov 2023
For sure they do
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0 sats \ 1 reply \ @jgbtc 4 Nov 2023
They need to weld the fire escape doors shut before setting the building on fire.
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0 sats \ 0 replies \ @GhostofTruth OP 4 Nov 2023
It's too late. Message is out of the bottle
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0 sats \ 0 replies \ @emmanuelrosa 4 Nov 2023
But... fractional-reserve banking looks like so much fun! https://nwscdn.com/media/catalog/product/cache/all/image/1200x/9df78eab33525d08d6e5fb8d27136e95/l/i/lifestyle_11_4.jpg
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0 sats \ 0 replies \ @SaToSHiWoMaN 10 Mar 2024 outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
34 sats \ 2 replies \ @Zepasta 3 Nov 2023
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52 sats \ 1 reply \ @siggy47 3 Nov 2023
Yes! That's exactly what they are proposing: Exit fees Staggering withdrawals. This announcement should cause a bank run.
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53 sats \ 0 replies \ @GhostofTruth OP 3 Nov 2023
Yes, indeed. Very dumb move
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0 sats \ 0 replies \ @nemo 4 Nov 2023
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