BTCMeansFreedom4All on Nostr: Don't worry! Your money is safe in the bank. Since 2020 there are currently no ...
Don't worry! Your money is safe in the bank. Since 2020 there are currently no reserve requirements of any USDs in US bank accounts, so banks can loan out all of your money with a postponed risk of default!
Thankfully, for every $10,000 deposited in bank accounts the FDIC is insuring all of it with $128.20! So if the house of cards becomes unstable and collapses, you'll only lose 98.72% of your life savings!
Oh and I heard somewhere that investment managers legally prioritize the largest holders in the event of a market collapse, so your 401k will be safely in the hands of the 1%! Hopefully you won't need that...
If only there was a decentralized and secure, independent alternative that is without counterparty risk to turn to for safety...
Bit.ly/StudyBitcoin
bitcoin.rocks (npub18kp…69c4)
#ReserveRequirements
#FederalReserve
#401k
#Bitcoin
#Banks
#Collapse
Thankfully, for every $10,000 deposited in bank accounts the FDIC is insuring all of it with $128.20! So if the house of cards becomes unstable and collapses, you'll only lose 98.72% of your life savings!
Oh and I heard somewhere that investment managers legally prioritize the largest holders in the event of a market collapse, so your 401k will be safely in the hands of the 1%! Hopefully you won't need that...
If only there was a decentralized and secure, independent alternative that is without counterparty risk to turn to for safety...
Bit.ly/StudyBitcoin
bitcoin.rocks (npub18kp…69c4)
#ReserveRequirements
#FederalReserve
#401k
#Bitcoin
#Banks
#Collapse