We are all about to get robbed by the wealth class in a way that really can not be described. - ThreadSky

brainnotonyet.bsky.social • 72 days ago

We are all about to get robbed by the wealth class in a way that really can not be described.

“Trump advisers and officials from his newfound Department of Government Efficiency have, for example, asked whether the president-elect could abolish the Federal Deposit Insurance Corp”
www.wsj.com/finance/regu...

Comments

9tellthetruth.bsky.social•72 days ago

Les Miserables comes to the US.

alleged-human.bsky.social•72 days ago

These are the same people who screamed until Silicon Valley Bank got a bailout above insured value.

brainnotonyet.bsky.social•72 days ago

Yes and they are about to rob us all

ninjanik.bsky.social•72 days ago

So like do we need to hide our cash in mattresses or something ?

juliadilliard.bsky.social•72 days ago

Robber barons.

winkybiker.bsky.social•72 days ago

The greatest theft may come from the planned crypto-scam where the government will use taxpayer dollars to buy trillions of dollars of worthless code from Elon's techbro buddies. They have told everyone that they are planning on doing this.

curtgebers.bsky.social•72 days ago

Maybe that's how they'll sell cuts to Social Security. Can you imagine?

"We'll invest the Social Security fund into RetireCoin and everyone will get rich!"

winkybiker.bsky.social•72 days ago

Yep. That's it. And when anyone goes to sell RetireCoin they'll find it worthless. The money will be gone. The American people are about be robbed on a scale that is difficult to comprehend.

redpoppy2.bsky.social•72 days ago

They want to crash it. No more SS, Medicare, pensions, unions, regulations. A poor populace is an obedient populace

digginsdweller.bsky.social•72 days ago

Fort Knox bullion for Bitcoin

Who's gonna come out ahead on that deal?

besovereign.org•72 days ago

How much gold do you have?

chilicatsmom.bsky.social•71 days ago

Don’t spend on anything but the basics. Cut off their oxygen!!!

ennui.org•72 days ago

the rest of the world

elusivejay.bsky.social•72 days ago

JFC. No words at how catastrophic this is.

warmwestwind.bsky.social•71 days ago

coming for the fd ic now

larunasoftpaw.bsky.social•72 days ago

And when our money is gone they'll blame us for not investing in crypto or for not keeping our life savings in a secret compartment in our mattresses.

mark81952.bsky.social•15 days ago

We are but we always have been it’s just in our face in the most up ours way. That’s okay retribution cuts both ways

ogjojo.bsky.social•71 days ago

It will be a horrific deja vu of 1929.

curtgebers.bsky.social•72 days ago

Eliminating the FDIC and the CFPB don't even reduce the budget deficit. The FDIC is funded by client banks and the CFPB is funded by the Federal Reserve. This isn't about saving taxpayers money. It's just about deregulation.

beingtru.bsky.social•71 days ago

Proving once again Elonia and Swarmy have no idea how government works. They’re in it to siphon taxpayer dollars into their own bank accounts.

smenor.com•72 days ago

They're going to completely pilfer the treasury to liquidate their worthless cryptoshit「 investments 」too

pelledge.bsky.social•72 days ago

In a way that hasn't been seen since Russia in the 90's.

wiredog.bsky.social•72 days ago

The wealthy are lucky we have strong gun control laws in this country.

eternalcatwar.bsky.social•72 days ago

was that a joke

moodyloner.bsky.social•72 days ago

bend over, here it comes again

moodyloner.bsky.social•72 days ago

and by "it" I mean the crash of '29 and the Great Depression.

cozychai.bsky.social•71 days ago

Cheap eggs seem so yesterday.

walnutpost.bsky.social•72 days ago

I’m beginning to feel like I’m in one of the Batman movies… but without a Batman.

peteofoz.bsky.social•72 days ago

His name is Luigi Mangione..... ;)

puddincatz.bsky.social•72 days ago

🤦‍♀️

monarchlyra.bsky.social•72 days ago

Weird question, will it be safer to keep your money in a credit union? Or is the difference between a bank and CU irrelevant now?

monarchlyra.bsky.social•72 days ago

Well, from what I am reading, Congress is going to be a bit of a roadblock in that goal. I know the Republicans are greedy and hate the poor but not even they can be this foolish, could they?

irateoverlord.bsky.social•72 days ago

winstonsmith2024.bsky.social•72 days ago

Oh joy, President Hoover is back again, big time, baby!

trickycrayon.bsky.social•72 days ago

Time for the money to go under the mattress

downontheupside.bsky.social•72 days ago

About to? It is just going to get exponentially worse.

votevaxresist.bsky.social•72 days ago

So… can American Citizens sue Trump?

darlakashian.bsky.social•72 days ago

They don't understand that banks pay for insurance

drsleeps.bsky.social•72 days ago

I and many others would really appreciate not having to time loop the last 100 years over and over.

trueflint.bsky.social•72 days ago

Get ready for another recession followed by tax-funded bailouts of the perpetrators.

marcorosaire.bsky.social•72 days ago

Trump’s chainsaw approach to banking regulations, especially since regional banks still haven’t recovered from the pandemic and are sitting on a commercial real estate time bomb, will inevitably set us up for another recession. His whole approach is setting up bubbles then hoping they don’t burst.

taliesinstar.bsky.social•72 days ago

this is horrific!

rhaspytomato.bsky.social•72 days ago

rosedees.bsky.social•72 days ago

Theyre taking the bullet train to the guillotines.

artisanrox.bsky.social•72 days ago

I had one response, to my now-repeated posts advising people to CLOSE multiple credit cards and SIMPLIFY your financial life, that went like "but whatever for?"

sooooo many people are noooooot
readyyyyyyy💀💀💀💀💀💀....

lddstyx.bsky.social•71 days ago

In a way aren't they right tough?
Getting as much cash on hand as possible is important, but debts to banks that are about to sink are the banks problem. And only a fool would pay off their debts if he thought hyperinflation was coming.

artisanrox.bsky.social•71 days ago

1/ true, but they can also harass you/jail you for your debt. If banks can do whatever they want, what's stopping them from going to police and taking what they want?? better to clear those debts now.

artisanrox.bsky.social•71 days ago

2/

Also, this is to be able to catch and deal with junk fees on a lower level of financial harassment in case banks stay *solvent.*

I've seen people with wallets FULL of cards and how tf do you know what's going on there if you have like 15 cards and revolving debt??

lddstyx.bsky.social•71 days ago

You are right! They are going to harass the people as long as they live. But they starve faster the less people pay them. Can't call the cops once you can't pay for them, now can you?

Bad loans MUST default for interest to be morally justified by the "risks" taken by lenders.

!risk == !reward

artisanrox.bsky.social•71 days ago

1. Banks will CERTAINLY be able to call authorities for non payment. Not thinking they will is underestimating authoritarianism.

2. I'm not even discussing *bad* loans! I'm sure GOOD cards and loans will be screwed around with in the coming years. Still more advantageous to simplify finances.

jwolfe73.bsky.social•72 days ago

You want a bank run? Because this is how you get a bank run.

sandy-o.bsky.social•72 days ago

I'm about to kick mine off here.

pokepocalypse.bsky.social•72 days ago

Not if he outlaws bank runs.

anomalouslibrarian.bsky.social•72 days ago

Oh those pitchforks are coming...

doubleadub.bsky.social•72 days ago

When Dems win the house and senate in 2 years, we need to scorch the earth. 75% tax on all individual earnings over 10M other important things. We MUST get dirty. Stop talking policy and start destroying Republicans as the enemy. We are too nice. That MUST end. Power at any cost, Dems. Get on it!

dbw.bsky.social•72 days ago

The current Democratic Party, as constituted, is incapable of this.

doubleadub.bsky.social•72 days ago

I agree. We must adapt to the current political environment that relies less on stuffy statistics and more on the destruction of individuals. Destroy every Repiblican
Lie, make up stories, get it into the media. I don't care how. It's time to fight. Fully committed to winning at any cost.

brainnotonyet.bsky.social•72 days ago

That's literally not possible to bke for the democrats at this point.

doubleadub.bsky.social•72 days ago

Trying to understand, it looks like bke is a typo.

jeanlucbacardi.bsky.social•71 days ago

Lol this guy still thinks Dems are gonna save us

celticdragon1.bsky.social•71 days ago

Robbed of our vaccines

https://bsky.app/profile/nytimes.com/post/3ld6nyss3vk2q

chillygills.bsky.social•72 days ago

You just gotta try harder.

It's gonna be huge. It's gonna be the most spectacular amazing financial dick-tweezing of all time. Of all the times. That's what they're telling me.

lainekate.bsky.social•72 days ago

The objective is to destroy the banking sector so that the vacuum can be filled with a scam to end all scams; bitcoin.

cailin.dev•72 days ago

Time to take a big sip of water before I read about why the FDIC was created in the first place.

brainnotonyet.bsky.social•72 days ago

Oh you mean this part

cailin.dev•72 days ago

Ah yeah that's the stuff. It's neat how the worst people in the world are hell-bent on repeating all of the mistakes of the early 20th century.

buddhabound.bsky.social•72 days ago

They seem to have forgotten why those things were implemented, much like they've forgotten why unions became a thing.

ruviewer.bsky.social•72 days ago

They didn’t forget it, they never learned about it

morgalyn.bsky.social•71 days ago

It's neither. They haven't forgot and they know about it, but having curbs on their power annoys them.

jmcthornton.bsky.social•72 days ago

How long will it be until the robber barons advocate for gun control?

hensk.bsky.social•71 days ago

Did these folks not go to school. A run on banks won't do anyone any good.

stephela.bsky.social•72 days ago

We should not wait too long before we get out the pitchforks.

unitedshoes.bsky.social•72 days ago

Is this one of those things where we have the misfortune of having to put our faith in big businesses banding together to ensure Trump *doesn't* tank the economy in such an unfathomably stupid way, or are they likely to be fans of this for some reason?

townandcountry.bsky.social•72 days ago

And not a moment too soon because judging by the election rhetoric, those billionaires were helpless victims who’d fallen on hard times.

lids.bsky.social•72 days ago

Same guys who cried for an SVB bailout

itstygrey.bsky.social•72 days ago

Ahhh… so not much different than it’s always been. Jokes on them, IM BROKE AF LMFAOO

😭😭😭

songya6793.bsky.social•72 days ago

Well I know how people who got robbed by the rich in the past USED to deal with the mega thieves. It starts with a G and ends with an E

kwick0.bsky.social•72 days ago

I’m picturing It’s a Wonderful Life bank runs right now.

jim123456.bsky.social•72 days ago

So after they burn every safety net & risk mitigation mechanism for the majority of us, & exhaust federal coffers by cutting the wealthiest Americans taxes to next to nothing, where does bailout money come from when biz fails? Do they intend to just let the USA default, causing economic catastrophe?

brainnotonyet.bsky.social•72 days ago

we are about to learn a very serious lesson about what happens when the wealth class actually takes over, the banks aren’t going to be there to protect your money they are going to be the piggy banks for people like musk and bezos.

jinxjack.bsky.social•72 days ago

Hmm, time to put our bucks under our mattresses ?

suzybea.bsky.social•72 days ago

Or a Swiss bank, yeah.

sam-animeherald.bsky.social•72 days ago

The Great Depression 2 is going to be fucking amazing (not complimentary)

brainnotonyet.bsky.social•72 days ago

very specifically targeting the FDIC in the way they are talking about above is only for one reason and that is to literally be able to take your money without any repercussions.

aaaac.bsky.social•72 days ago

I’d say they couldn’t be that stupid but dear god. You can do that maybe once, then they wise up. People stop putting their money into banks; financial system stops working. That’s after crashing the global economy.

rosaluxlux.bsky.social•72 days ago

It took at least 150 years of repeated panics and failures before we figured out how to regulate capitalism to be kind of stable, so it must be hard to grasp

ratgrrl.bsky.social•72 days ago

https://bsky.app/profile/ratgrrl.bsky.social/post/3ld4nxlyuvc2y

brainnotonyet.bsky.social•72 days ago

This is the kinda thing you do before you collapse the economy to transfer wealth to the billionaires at scale.

brainnotonyet.bsky.social•72 days ago

for some reason, I can’t stop thinking about all of the crypto Bros, including David Sacks, who just about a year ago we’re trying to create Wall Street chaos by lying about the markets and crypto and trying to create a narrative of how the market would collapse.

cardellaj.bsky.social•72 days ago

Wasn’t David Sacks one of the bozos demanding the govt make whole other idiots who put all of their money (well above FDIC limits) in a single tech friendly bank that failed?

brainnotonyet.bsky.social•72 days ago

Yes.

jinxjack.bsky.social•72 days ago

Time to take what precautions one can.

riffandrock.bsky.social•72 days ago

Never forget hack fraud David Sacks begging the government to get his money when that bank collapsed a year or two ago. He's such a fucking clown.

brainnotonyet.bsky.social•72 days ago

Oh also if you don't know what the fdic actually does or why it was Created

nearzone.bsky.social•72 days ago

Similar to them threatening the FDA, I'm always wondering like... don't banks... need public confidence?

auntrove.bsky.social•72 days ago

All these things that were implemented to limit very serious harms are targets for these privileged idiots. Vaccines, social security, and FDIC weren't just someone's great idea to bloat bureaucracy. Considering half the senate were adults in the 1920's, hopefully some of them can remember.

markhb.bsky.social•72 days ago

The International Space Station was humanity's single most expensive undertaking. Its sole endeavor which had cost more money than anything else before.

Until Brexit.

Now here comes Leon! He's in charge of American Austerity!

Trump's Brexit is going to leave America gutted like a fish.

pokepocalypse.bsky.social•72 days ago

In the great depression the homeless built shantytowns called "Hoovervilles".

Trump's going to have entire cities named after him.

trexpushups.bsky.social•72 days ago

Now they will just arrest us as they have already criminalized being homeless.

Then we can do work in prison.

werechicken.bsky.social•72 days ago

I’ll just die in prison I reckon

pokepocalypse.bsky.social•71 days ago

You'll be in good company, at least. . . 🤷

werechicken.bsky.social•71 days ago

Shows what you know coppers ain’t take me alive.

baltichibiscus.bsky.social•71 days ago

What to do? Put the money into banks in other countries?

boobiewankanoobie.bsky.social•72 days ago

So WHATS NEXT. Cash in the pillow cases?

reader-writer.bsky.social•71 days ago

They are so playing games with us.

wildlymanifest.bsky.social•72 days ago

The people who want to do these things dont need any more wealth; it is just fun and games to them to see how much they can steal & fuck the rest of us around.

johnjmckevitt.bsky.social•72 days ago

Absolutely comical that after a brief flirtation with a banking crisis avoided via the Fed and FEIC, Silicon Valley noobs and their overlords want to make sure everyone else gets fucked.

beak1974.bsky.social•72 days ago

What
The
Fuck.

rdm23.bsky.social•72 days ago

Government OF the billionaires, BY the billionaires and FOR the billionaires. We, The People, be damned.

mynnna.bsky.social•72 days ago

Another skeet about it did say “fold the fdic into the treasury department” but I can’t view the article myself to confirm

rayturner.bsky.social•71 days ago

Buckle up. 2008 here we come.

Comments

Posting Rules

Reply