The banks are dying suddenly | |
Anonymous Coward User ID: 80907736 United States 03/17/2023 09:59 PM Report Abusive Post Report Copyright Violation | |
R(r) User ID: 85272000 United States 03/17/2023 10:01 PM Report Abusive Post Report Copyright Violation | I think they are fully prepared to print....er...conjure up as many dollars as needed. It would really simplfy things actually. How much do you make? Infinity dollars an hour. Also infinity dollars a year. How much is a loaf of bread? Infinity dollars. Gallon of gas? Infinity dollars. All we need is the infinity bill. All debts? Infinity. Piece of gum? Infinity. See how easy that would be? Don't even need to make change. Ever.Again. |
Revisionist
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Vishnu User ID: 78330898 Canada 03/17/2023 10:08 PM Report Abusive Post Report Copyright Violation | |
R(r) User ID: 85272000 United States 03/17/2023 10:19 PM Report Abusive Post Report Copyright Violation | I think they are fully prepared to print....er...conjure up as many dollars as needed. Quoting: R(r) 85272000 It would really simplfy things actually. How much do you make? Infinity dollars an hour. Also infinity dollars a year. How much is a loaf of bread? Infinity dollars. Gallon of gas? Infinity dollars. All we need is the infinity bill. All debts? Infinity. Piece of gum? Infinity. See how easy that would be? Don't even need to make change. Ever.Again. Anyone care to comment on my system? |
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JCLoIndigo
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Anonymous Coward User ID: 85188576 United States 03/17/2023 10:30 PM Report Abusive Post Report Copyright Violation | Does anyone else think this is another "subprime is contained" moment? Since banks are not issuing many loans on homes and cars, it would make sense that the problem is likely going to be domino effect. Quoting: StayCurious And even worse, Blackrock is even saying that it's going to happen. "Dow Drops Nearly 300 Points As BlackRock Chief Warns SVB Collapse Merely ‘First Domino To Drop" [link to www.forbes.com (secure)] They injected $30 billion in deposits into First Republic Bank and the Stock still fell 30 %. It's because they have lost the confidence of customers who hold over 250k in deposits. A bank run can happen anytime and within a day, the bank can be toast. |
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