Here we go! Swiss banks are preparing for bank runs... \ stacker news ~meta

Good thing I'm my own bank.

Amen

Please explain that an UBS acountant

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!

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.

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Yes! That's exactly what they are proposing: Exit fees Staggering withdrawals. This announcement should cause a bank run.

Yes, indeed. Very dumb move

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

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

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But... fractional-reserve banking looks like so much fun!

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.