Goldtent TA Paradise

BANK HOLIDAY MONDAY ??

1. Chartsmaster says:

   November 4, 2023 - 8:31 pm at 8:31 pm

   This sounds orchestrated as a reason either to scare people into starting a bank run so they can implement some policy change.(possibly the implementation of bail ins because the system is imploding) or they need and want a crisis to implement draconian measures infringing on rights and freedoms. Why haven’t they completely switched over to the new FED Now system which is suppose to make funds available immediately. Maybe because if funds were to be credited to peoples and companies accounts immediately it would show that the banking system is a ponzi scheme. The banks have been doing the equivalent of the old check kiting system. In those days people or companies could have accounts in different states and float themselves a loan for almost a week by writing checks and depositing them in an account in a neighboring state. Now the banks have been using customer funds to play the float when they don’t actually have the money that each customer is suppose to have. The FED Now system will expose this because of the instantaneous crediting of funds. The jig is up.