Micael on Nostr: BANKS ARE ZEROS I did a list of 33 banks stocks 3 years ago, 4 of them went bankrupt ...
BANKS ARE ZEROS
I did a list of 33 banks stocks 3 years ago, 4 of them went bankrupt and their stocks were delisted.
Banks are worst than shitcoins, shitcoins at least keep trading for pennies lol.
In 1912 there where around 25,000 banks in the US.
During the artificially created Great Depression triggered by the Federal Reserve around 10,000 banks (competition) went bankrupt.
Bank consolidation has gone nonstop since then. Now there are around 25 banks controlling the majority of the dollars liquidity.
Still they have only arround 7-10% assets / “reserves” and 90-93% liabilities / debts , IOUs they owe to their clients.
Every bank is virtually bankrupt and they are still alive only because they have been given legal immunity and immortality by US congress.
They will keep privatizing profits and socializing loses. They will be bailout with taxpayers money again and again, until a good percentage of the people wake up and the game is over.
This is why Bitcoin exist.
Fuck banks!
Thank you Satoshi! 🫡
I did a list of 33 banks stocks 3 years ago, 4 of them went bankrupt and their stocks were delisted.
Banks are worst than shitcoins, shitcoins at least keep trading for pennies lol.
In 1912 there where around 25,000 banks in the US.
During the artificially created Great Depression triggered by the Federal Reserve around 10,000 banks (competition) went bankrupt.
Bank consolidation has gone nonstop since then. Now there are around 25 banks controlling the majority of the dollars liquidity.
Still they have only arround 7-10% assets / “reserves” and 90-93% liabilities / debts , IOUs they owe to their clients.
Every bank is virtually bankrupt and they are still alive only because they have been given legal immunity and immortality by US congress.
They will keep privatizing profits and socializing loses. They will be bailout with taxpayers money again and again, until a good percentage of the people wake up and the game is over.
This is why Bitcoin exist.
Fuck banks!
Thank you Satoshi! 🫡