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Why? They can just print money anyway
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
Exactly. There is no liquidity in the system. Jerome did a good job!
Good thing I'm my own bank.
Amen
Please explain that an UBS acountant
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.
What can I say... You're right.
Fiat -> bank runs
Bitcoin -> run banks
I like the good ol' laconic truth.
Naa, they don't they just skerred lol. Bankers probably live in Zug and keep stacking...
For sure they do
Good post 😘
They need to weld the fire escape doors shut before setting the building on fire.
It's too late. Message is out of the bottle
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
deleted by author
Yes! That's exactly what they are proposing:Exit feesStaggering withdrawals.This announcement should cause a bank run.
Yes, indeed. Very dumb move
Why? They can just print money anyway
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
Exactly. There is no liquidity in the system. Jerome did a good job!
Good thing I'm my own bank.
Amen
Please explain that an UBS acountant
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.
What can I say... You're right.
Fiat -> bank runs
Bitcoin -> run banks
I like the good ol' laconic truth.
Naa, they don't they just skerred lol. Bankers probably live in Zug and keep stacking...
For sure they do
Good post 😘
They need to weld the fire escape doors shut before setting the building on fire.
It's too late. Message is out of the bottle
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
deleted by author
Yes! That's exactly what they are proposing:
Exit fees
Staggering withdrawals.
This announcement should cause a bank run.
Yes, indeed. Very dumb move
deleted by author