What could go wrong - corruption, bankruptcies, and then government bailouts through the roof. All paid for by the middle and lower classes. Millionaire & billionaire owners and shareholders rob us of billions.
During a financial panic and resulting chaos he and his fellow kleptocrats could loot the U.S. Treasury and launder the bounty through Trump’s new cryptocurrency venture.
Fun Fact, the American citizen tax payer does not pay for this entire department or services. It's actually paid for by the banks. There is no 'efficiency' gained by this.
But it makes perfect sense in the Trump world kiddies. Banks without regulation would be so much easier to deal with.
So, what you are saying, is that Bitcoin is more resilient than the dollar because it doesn't depend on centralized institutions? Good, you got it!
PS: I don't believe they have any meaningful amount of Bitcoin, they are just stupid.
It's like they want to bring back 2008... Oh wait, they do because they made a TON of money, got away with it, we bailed them out, paid for it, set protections against it happening again... Oh then Republicans get control and *poof*, all history is erased. Good luck! We will need it...
As my German forebear's proverb went
Amboss oder Hammer.
One must be either anvil or hammer.
—German. Proverb.
So are you going to be the hammer or the anvil.
Were I a member of your Society I would be the Hammer.
It's all about America's cash ! We (the US Treasury) got it, and they want it ! They are busy now drumming up schemes, to make it easier to move it from our vaults, to their pockets !
Wait til they use our gold, that backs the US Dollar, to support their Bitcoin losses !
huh. Any agency that might seek to cause him problems down the road, like the FBI or FDIC or any other number of others are getting major overhauls, reducing regulations or restrictions.
it doesn't surprise me but it does alarm me, and scares me too. I can't even image where we'll be just this time next year. I'm being as active and vocal as I can to fight this onslaught of the dismantling of the US.
Holy fvck.
He really is going to destroy America.
He does not have that many years left on this earth and knows the shit he will leave behind will take decades to recover from....if America can recover and not just America.
With the AI bubble about to burst everyone better move their money into small regional banks. Big banks fail it would be open season on CEO's across the board in all idustries
So much bad history repeating itself with this guy: robber barons, deregulated banks crashing, and being on the same magazine cover as Hitler. What could possibly go wrong?
I don't think the banks would allow him to get rid of FDIC insurance. That basically keeps them off the hook for the first 200k in each person's bank account.
Abolish the FDIC? So crooks like Trump and team can steal our money that we worked hard for. Remember, Iceland jailed all their crooked bankers in 2008 after a housing crisis affected the entire world. If Iceland can do it, so can we.
Holy crap! Next step is to work for free, stand in line for gruel, freeze, die at a young age due to illness and starvation. Oh, and honor the dictator and his minions
Here’s why it came about: due to bank failures during the Great Depression. “Federal deposit insurance became effective on Jan 1, 1934, providing depositors with $2,500 in coverage & was an immediate success in restoring confidence & stability to the banking system.” It now insures up to $250K
Twice in this century in 2008 and 2020, the GOP has caused the economy to crash in ways that could have potentially led to runs on banks for depositors. Having money federally insured allowed cooler heads to prevail. They are leading us straight back to the way this country was pre-1932.
Gosh, you’d think they already have enough opportunities for crime and epic levels of fraud. I think they need one or two fake regulatory agencies, for show.
Just remember when Bush loosened regulation and the bank bank rupt the housing market and the American people bailed them out under president Obama. And on small banks where wiped out and their stock owners. They are going to steal every penny from us.
People need to make banks obsolete put your money on a debit card fuck a bank put em out of business let them cater to the billionaires and millionaires,all they do anyway is bleed the working class dry with stupid charges that’s how Americans begins to fight back 1 bank at a time✊🏾✊🏻✊✊🏿👊🏾
I hope they do NOT plan on lowering the $250,000 insurance to $40,000. Americans could lose lots of money! I guess the Dictator would keep the rest of it!
“George, I am an old man and most people hate me. But I don't like them either, so that makes it all even. You know just as well as I do that I run practically everything in this town but the Bailey Building and Loan. You know, also, that for a number of years I've been trying to get control of it.”
I wouldn't discount that. Suppression of the opposition is a fundamental building block of fascism. What better way than to break the financial institutions. Trump also wants control of the federal reserve. Let that sink in.
I swear the man is beyond stupid just beyond stupid .. the fact he can’t even run his own businesses successful should be all anyone needs to know on how he’ll run the country into the ground into bankruptcy
I think that was already planned in Project 2025. And, yes, it’s asinine. He/Heritage/Musk are going to try to rob every cent from the USA and its citizens. They plan to take over the world, not just us.
We need to capitalize on the sentiment in the US today. We need to let the billionaires know they funded the demise of our country. We need anti-billionaire CEO protests on Inauguration Day. In every state. This stuff will stop.
Every time he takes away a regulation he ignores the history of why that regulation was implemented. Usually it was put in place because a corporation found a loophole to screw the consumers and make money off of our hardships.
I think our government is one step ahead of him if not shame on our representatives. If he tried to get rid of the FDIC , no one would put their money in a bank. Let Trump use crypto or Bitcoin with his own money
I told my financial advisor that if trump won, I was pulling all my money out of my accounts and putting it under my mattress. I was partially joking but it seems like a good idea now.
And it's all happening w/the apparent blessing, or at least resigned apathy, of our elected Dems.
If they shrug and hand us over to tyranny after they've been well paid to represent us, every one of them should be ostracized. We needed leaders who took their oath to the Constitution seriously.
Yeah, he’s looking forward to finishing the job that he didn’t finish in the first four years,,the transfer of wealth to the one percent, leaving us the bill.
Just like we dumped #MSNBC and #MSM we can dump #Amazon, #WaPo, x, etc. we can impact their bottom lines. It’s the only way they notice. Well, there’s the rich, private boys school method but we don’t advocate THAT 🤔
Totally agree. If we’re half the country, we can galvanize and boycott these billionaire owned companies. Buy from small, locally owned businesses. What have we got left to lose.
He just does whatever he wants. He doesn’t ask. He doesn’t follow rules. And there is never any accountability for him, so it does seem he can literally do anything he wants.😑
Every single person that voted for this is responsible. Down to the last voter. If it becomes desperate, remember that nothing you do to them is unjustified.
Because historically, banks always want to do what's fair and right for the people, right? They never take advantage of us by charging ridiculous fees, or crashing the system and needing a bailout from taxpayers...
Remember the latest
SV Bank crash? Complements of Congress loosing the Dodd- Frank banking regulations in 2018…. that would have caught that too big to fail bank before the run and failure occurred…🤦♀️
Anything the führer can privatize or eliminate examples might be , Eliminating consumer protections…. Eliminating labor unions….. eliminating the federal minimum wage….. eliminating any federal administrative office that makes the American people’s lives better.
Comments
But, then again if you read project 2025 and/or listen to their plans --- we are f**ked.
It all on purpose. Part of Project 2025
But it makes perfect sense in the Trump world kiddies. Banks without regulation would be so much easier to deal with.
PS: I don't believe they have any meaningful amount of Bitcoin, they are just stupid.
Because banks can be trusted...
1929, 2008, and last year...why are banks now failing...who knows but let's get rid of regulations...
Amboss oder Hammer.
One must be either anvil or hammer.
—German. Proverb.
So are you going to be the hammer or the anvil.
Were I a member of your Society I would be the Hammer.
Wait til they use our gold, that backs the US Dollar, to support their Bitcoin losses !
I'll wait for the next crash
AIN'T THAT THE TRUTH!!!
Under Putins orders
He really is going to destroy America.
He does not have that many years left on this earth and knows the shit he will leave behind will take decades to recover from....if America can recover and not just America.
Of course Trump will pay back. They made him!
https://www.levyinstitute.org/pubs/wp_698.pdf
$29,000,000,000,000: A Detailed Look at the Fed’s Bailout by Funding Facility and Recipient.
He’s a psychopath.
He’s trying to kill US
#Resist
#TheMonsterWithAHumanFace
✊
Bring it, if it takes another depression to stand up to fascism and for liberalism again, bring it.
Think of their normal sized families
The head of the FED thought business would be responsible to itself and some police their actions.
WTF???
it looks like Trump is trying to bring the USA down!!
If they shrug and hand us over to tyranny after they've been well paid to represent us, every one of them should be ostracized. We needed leaders who took their oath to the Constitution seriously.
That's assuming they don't shove 🏳️⚧️🏳️🌈us in a death camp.
There's also the option of RFK Jr's labor camps for me (AuDHD).
I hope I only have to move in with my senior parents (at worst).
Cash Runs on banks are generally a bad thing, which will then cascade and get even worse. Will literally drive us into a second Great Depression.
We're in for scary times.
SV Bank crash? Complements of Congress loosing the Dodd- Frank banking regulations in 2018…. that would have caught that too big to fail bank before the run and failure occurred…🤦♀️