Michael - - Agreed. The banks look like they can and will fail in near future.
So why have you not discussed the virtues of Credit Unions as a safer place to warehouse money ? They have little to no profit incentive since they do not pay dividends and do not need to hustle to have a pleasing Quarter for the shareholders….
And since their Directors must have accounts in the credit union, they have less incentive to put the institution at risk. Skin in the game….
You are a good and competent writer, so PLEASE write a missive that could help convince your readers to move funds into credit unions as a safer alternative than banks. Thanks. I look forward to seeing the article.
Credit unions are doing better than commercial and public banks. But people are having the same problems, less money in savings and borrowing more. They are better off but headed down the same path.
Once the FED decides to default on the US dollar and all it's bonds, they have a plan in place and will do it for the purpose to replace the dollar as the world currency with an IMF Gold back currency. Once that happens everything will collapse. The CU will need to balance their books with bail-ins as well but it won't be quit as bad. No financial institution will escape this massive event.
I knew this would happen. A few years back, NYCB became the holding company for my bank, which is Flagstar. How this affects me, I don't know. My bank seems fine but who knows going forward. Why they would merge with a New York bank is beyond me.
It's interesting that Yellen's response to this crisis is that it is manageable. What does manageable mean/ look like? They are ending the bank bailout program now manageable has a new meaning,
bank consolidation and bail ins. Let bigger banks buy up these failing small ones and then write off these bad accounts and confiscate the property, re-sell it and balance their books. Bail-ins are more that just taking some of your money it will also mean taking the property itself, :you will own nothing and like it." Great reason to get out of debt now.
Michael did not mention china whose stock market crashed again due to commercial property issues.
Russia's economy is pretty much stagnate, lack of workers due to war and young fleeing the country growth will only come from govt war spending.
So this global melt down of banks stability is the #1 reason to go to war. It's about financial survival. This is why the western globalists want war now, the bet is economically the west will cone out on top.
Michael - - Agreed. The banks look like they can and will fail in near future.
So why have you not discussed the virtues of Credit Unions as a safer place to warehouse money ? They have little to no profit incentive since they do not pay dividends and do not need to hustle to have a pleasing Quarter for the shareholders….
And since their Directors must have accounts in the credit union, they have less incentive to put the institution at risk. Skin in the game….
You are a good and competent writer, so PLEASE write a missive that could help convince your readers to move funds into credit unions as a safer alternative than banks. Thanks. I look forward to seeing the article.
Credit unions are doing better than commercial and public banks. But people are having the same problems, less money in savings and borrowing more. They are better off but headed down the same path.
Once the FED decides to default on the US dollar and all it's bonds, they have a plan in place and will do it for the purpose to replace the dollar as the world currency with an IMF Gold back currency. Once that happens everything will collapse. The CU will need to balance their books with bail-ins as well but it won't be quit as bad. No financial institution will escape this massive event.
What we’re witnessing is the rollout of the crescendo of madness.
I knew this would happen. A few years back, NYCB became the holding company for my bank, which is Flagstar. How this affects me, I don't know. My bank seems fine but who knows going forward. Why they would merge with a New York bank is beyond me.
It's interesting that Yellen's response to this crisis is that it is manageable. What does manageable mean/ look like? They are ending the bank bailout program now manageable has a new meaning,
bank consolidation and bail ins. Let bigger banks buy up these failing small ones and then write off these bad accounts and confiscate the property, re-sell it and balance their books. Bail-ins are more that just taking some of your money it will also mean taking the property itself, :you will own nothing and like it." Great reason to get out of debt now.
Michael did not mention china whose stock market crashed again due to commercial property issues.
Russia's economy is pretty much stagnate, lack of workers due to war and young fleeing the country growth will only come from govt war spending.
So this global melt down of banks stability is the #1 reason to go to war. It's about financial survival. This is why the western globalists want war now, the bet is economically the west will cone out on top.
we shall see.